Countingup pricing is small business friendly. Get started with FREE business banking. Accounting & banking launching in 2018.
|Monthly subscription for anyone||Banking||Coming soon in 2018||Coming soon in 2018|
|For||Anyone||Self employed sole traders||Limited companies|
|Monthly deposits greater than £750||£2.95 / month||Included||Included|
|Bank account number & sort code|
|Invoicing & expenses|
|Profit & loss report|
|MTD self assessment filing|
|MTD VAT filing|
|MTD corporation tax filing|
|Foreign currency transaction fee||2.75%||2.75%||2.75%|
|Cash payments in via Post Office||£1||£1||£1|
|Cash payments in via Paypoint||2.5% + 35p||2.5% + 35p||2.5% + 35p|
Using Countingup you are paying just one company rather than two. We crunched the numbers and compared the cost of Countingup against using both a leading high street bank and cloud accounting software company.
Remember you can use Countingup banking for FREE i.e. no monthly fee. However, if you cross over the monthly £750 money in threshold then this is how Countingup compares with a selection of other business banks.
|Limits per day||Countingup||Barclays||RBS||Metro Bank||Revolut|
|Cash payments in||£1 via Post Office 2.5% + 35p via Paypoint||1.5%||0.7%||0.5%||Service not offered|
Countingup is business banking on your smartphone. We do not have a network of cash machines so ATM withdrawals are an expensive overhead.
When you make purchases on your Mastercard in foreign currencies like US Dollars and Euros, we have to pay a fee to Mastercard. This Mastercard fee is included in the non sterling transaction fee.
Countingup is business banking on your smartphone. We do not have a branch network so when you deposit cash into your business current account via the Post Office or Paypoint, we have to pay them a fee.
|Limits per day||Self employed||Limited company|
|Countingup Account Maximum Balance||£60,000||£120,000|
|Cash deposit via Post Office||£500||£500|
|Cash deposit via PayPoint||£500||£500|
|Incoming UK Faster Payment||£60,000||£120,000|
|Incoming UK BACS payment||£60,000||£120,000|
|Cash withdrawal via ATM||£500||£500|
|Outgoing UK Faster Payment||£10,000||£60,000|
|Outgoing UK Direct Debit Payment||£10,000||£60,000|