Starling Bank has launched a smarter euro debit card, giving business and personal customers the power to spend directly in two different currencies with a single debit card.
The UK digital bank, whose dual currency card feature will allow customers to spend in pounds or euros, was announced on the same day it launched its Business Euro Account.
This new account will help Starling’s 77,000 business customers make transactions across the Eurozone and reduce currency exchange costs.
Starling revealed this will be ideal for small businesses that want to pay overseas suppliers, receive payment from customers in the Eurozone, rent out European property as a business, or receive payment for services in euros, as a self-employed contractor.
For those conducting a lot of business in euros, the digital bank said the new account can also help to reduce exchange rate risks, and unlike similar offerings on the market with other banks, there will be no fees for euro to euro transactions.
Starling CEO and founder, Anne Boden, commented: “A single card that can buy things in both euros and pounds is long overdue and something that we know our customers will value both in their personal and business lives.
“Businesses of all sizes have customers and suppliers spread across different countries. Our new Business Euro Account will make a huge difference to these kinds of business customers, who are regularly carrying out international transactions whilst operating on a tight budget.
“These latest features represent another milestone in our mission to transform banking into a truly international, 24/7 service, and demonstrate once again that we have come a long way towards that target in a short space of time.”
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