Countingup offers a business current account for small businesses in the UK that includes accounting software all in one app. Below we look at reviews for the company along with the accounts they offer, how much they cost and other key things you need to know to help you decide which business bank account provider is right for your business.
Below we look at reviews for Countingup from a variety of websites. Please keep in mind that these reviews are for all of Countingup’s services and so may not fully reflect their business offerings.
Countingup Business Services Plans, Packages & Prices
Countingup provides three business current accounts for small businesses that are offered with a three-month free trial. These plans are Starter, Standard and Premium.
The Starter plan:
- No monthly service charge
- For those with up to £500 incoming funds per month
- Costs £4.95 per month
- Suitable for those with £500-£4,000 per month
- Costs £9.95 per month
- Suitable for incoming funds over £4,000
All the above plans come with:
- Contactless Mastercard
- Instant notifications
- Automated categorisation
- Receipt capture
- Invoicing facility including sending, matching and filling
- Review profit and loss
- Estimate your tax
- Ability to share with your accountant
All the accounts have the following charges as standard:
- Free account transfers allowance of three per month after the free period then £0.20 per item
- ATM cash withdrawals £1
- Cash payments at the Post Office £1
- Cash payments at PayPoint 3%
- Foreign currency transaction fee 3%
Note plans, packages and prices were all accurate at the time of publication (April 2021) but may have changed since then. Please check Countingup’s website for the latest information.
Countingup was created in 2017 from the drive to give small businesses support in managing their bookkeeping and tax administration which can help them save time on these activities. They designed their business current account to have built-in accounting software and to allow you to share the data with your accountant.
They cater for sole traders, freelancers, contractors and small businesses with limited status. They also cater for accountants whose customers can benefit from using their software and accountants can benefit from better information recording from their clients.
The Countingup app makes financial administration easy by enabling you to capture receipts, categorise your expenses automatically, invoice and manage payments, estimate tax and view profit and loss reports.
Switching To Countingup
To set up an account with Countingup is quick and easy. You need to download the Countingup app and then you can apply in minutes and will be sent a contactless Mastercard. You will need to provide proof of identification and a selfie.
Additional Business Services From Countingup
Countingup doesn’t currently offer any other services to businesses other than the accounting software provided as part of the current account in the app.
Countingup Business Service Availability
Countingup provides business current accounts to businesses that are self-employed including freelancers and contractors that operate as a sole trader, they also cater for small, limited companies. They also target accountants as their accounting software in the app helps accountants to work smarter with their small business clients.
All applicants need to be over 18 years old and a UK resident and have access to a smartphone with iOS 10+ or Android 5+ and an email address. Their business current accounts have an account limit which is £50,000 for the self-employed and £120,000 for limited companies.
Countingup Business Customer Service and Complaints
Countingup prefers their customers to contact them through their app or via email – firstname.lastname@example.org and their customer support are available Monday-Friday 9am-5pm.
Countingup Business Contact
You can get in contact with Countingup by:
- Email email@example.com
- Call 0208 068 6862 (Monday-Friday 9am-5pm)
- Post – 22 Wenlock Road, London N1 7GU
Countingup Business Services Pros/Cons
- Offers a free plan and a free month trial
- Includes accounting software to help manage finances
- Save time on bookkeeping and tax admin
- Fast and simple account opening
- Highly rated on review sites
- No branches
- Prefer contact through electronic means
- Customer support operates during office hours only