Countingup Review
Comprehensive review and analysis of Countingup's digital banking services
Quick Facts
- Founded
- 2017
- Head Office
- United Kingdom
- Active Customers
- 150,000+
- Total Funding
- £20 million
- Employees
- 100+
- App Store Rating
- 4.6/5
Pros & Cons
Pros
- Integrated accounting
- Automated bookkeeping
- Real-time tax estimates
- Invoice creation
- Receipt capture
- Business insights
Cons
- Business-only accounts
- Limited international features
- Premium features cost extra
- UK-only availability
Supported Countries
- United Kingdom
Fees
- Start Plan £0/month
- Grow Plan £9.95/month
- Professional Plan £19.95/month
- ATM Withdrawals Free up to £300/month
- Foreign Transactions 2.5% fee
Overview
Countingup has pioneered the integration of business banking and accounting since 2017. Their unique platform combines a business current account with built-in accounting software, making it easier for small businesses to manage their finances.
Key Features
Banking Services
- Business current account
- Mastercard debit card
- Mobile payments
- Direct debits
- Bank transfers
- Cash deposits
Accounting Features
- Automated bookkeeping
- Receipt capture
- Invoice creation
- Tax estimates
- Profit and loss
- Balance sheet
Business Tools
- Expense categorization
- Payment tracking
- Cash flow insights
- Business reporting
- VAT management
- Multi-user access
Tax Management
- Real-time tax estimates
- MTD compliance
- VAT calculations
- Tax reports
- HMRC submissions
- Deadline reminders
Security Features
- Bank-grade encryption
- Two-factor authentication
- Transaction monitoring
- Fraud detection
- Device management
- Secure messaging
Customer Support
- In-app chat
- Phone support
- Email assistance
- Help center
- Accounting guidance
- Business advisors
Verdict
Countingup excels in providing an integrated solution for business banking and accounting. Their platform is particularly valuable for small businesses and sole traders who want to simplify their financial management and reduce administrative overhead.
While the premium features require paid subscriptions, the time saved on bookkeeping and accounting often justifies the cost. The main limitations are the UK-only availability and focus on business accounts, but for UK small businesses seeking an all-in-one banking and accounting solution, Countingup offers an excellent package.