Starling-like Business bank accounts for two person partnership

MK_Chris

Hi folks

My wife and I run a little side hustle that we were getting payments for into our joint Starling account (perhaps naively).  It turns out this is not allowed, but they don't offer an account we can use because we're not registered as a business, and we both need access (so a sole trader account doesn't cut it).

Trying to do some research, but very grateful if anyone can offer advice on a business account that offers the following:

• Full access for two people
• Available for small partnerships, not registered as a company

And preferably some useful Starling like features such as:

• Pots / spaces within the account and linked virtual debit cards / targeted direct debits
• Free transfers in / out
• No monthly fees

I think that's it!  This may be moon on a stick stuff, but this is basically what Starling offer to sole traders, but I think we need it for a partnership.

Very grateful for any advice that can be offered.

DullGreyGuy

Unfortunately none of the challenger banks are offering accounts for partnerships outside of LLPs, Revolut arent a bank but will take on partnerships. 

Traditional banks are happy dealing with partnerships but you arent going to get most of the requested features with them. 

MK_Chris

This is what I feared!  Thanks.

J_B

We are a Ltd Co but maybe try this .....

We started off with a Nat West business account with their free introductory offer (I'm sure other banks do this)

When the free deal ran out, we moved to Starling, but maybe you could jump to another bank's introductory offer???

DullGreyGuy

J_B said:

We are a Ltd Co but maybe try this .....

We started off with a Nat West business account with their free introductory offer (I'm sure other banks do this)

When the free deal ran out, we moved to Starling, but maybe you could jump to another bank's introductory offer???

But which bank offers starling like features for unincorporated partnerships?

leonard_455

Have you looked into Monzo’s business account? I think they’re also limited to registered businesses, but worth double-checking. Tide might be an option too - they’re a bit more flexible and offer joint access.