Sole trader: At Starling, you could be eligible for an overdraft at an interest rate of 15% EAR (variable).

Limited company: At Starling, we offer limited companies interest rates of 5%, 10% and 15% EAR (variable) – and a Representative 10% EAR (variable) – based on our assessment of your business. At setup, we charge a fee of 1.5% (minimum £50) for any agreed limit, which we’ll then repeat annually.

Interest is accrued daily and charged on the 15th of the following month – and it’ll always be updated clearly in your app.

An EAR (Equivalent Annual Rate) is a common way of showing interest rates on overdrafts which you can use to compare different banks’ interest rates. This does not include fees (such as set up or annual renewal fees). Representative EAR is the advertised rate (or a lower rate) that we reasonably expect at least 51% of customers who are accepted for and enter into an overdraft agreement will get with us.