Starling Bank is launching a business euro account, along with a dual-currency debit card, as it steps up its challenge to Revolut’s multi-currency offering.

The digital challenger bank said the new functionality would enable business and personal customers to spend directly in pounds or euros with a single debit card.

It goes live on the same day the app-based bank launches its Business Euro Account, which will give 77,000 business customer the chance to make and receive payments and carry out transactions across the Eurozone, thereby reducing currency exchange costs.

The account is aimed at helping small business customers looking to pay overseas suppliers, receive payment from customers in the Eurozone, and rent out European property as a business. Transfers into the account will be made at the prevailing exchange rate, plus a 0.4 per cent fee (of the transaction value) and there are no fees for euro to euro transactions.

Starling also announced that it was extending its international currency transfer service to weekends.

Anne Boden, chief executive and founder of Starling Bank, said: “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,” she continued. “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.”

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