starling bank reviews

The overarching concept is that there is no longer a need to visit a physical branch to facilitate your everyday banking needs. So Starling bank have rightly frozen their accounts. In summary, there’s often very little to separate challenging banking apps. You can find information regarding your standing order, direct debits and subscriptions all in one very useful place. It is important for us to discuss the many features offered by Starling Bank in more detail so that you can make an informed decision on whether or not the app is right for you. Sign up for free with referral code 6DYPC7V9 I gave this bank a go in 2017 and it was my first time This is a prime example of what the ‘new school’ banks aim to bring to the market. Once you’ve done that, you simply need to enter the amount that you wish to send. Simply select who else needs to put there share into the bill and from then on you can monitor their payments through the app. In regards to the last comment, it’s an interesting point and would defiantly be a helpful feature for individuals who have a business account. After choosing whether or not you would like to allow push notifications (recommended), you can choose how you would like to unlock starling. Do you agree with Starling Bank’s star rating? 12 Cons. Upon filling out the form, you simply need to provide your unique Starling Bank account details. It’s available on both Andriod and IOS devices. Do you agree with Starling Bank’s star rating? You can also use your Starling Bank debit card to withdraw cash from an ATM – both in the UK and abroad. Perhaps the most interest portion of this Starling bank review is the features the app provides. To summarise these Starling Bank reviews, the company is on the right path and should be praised for that. If an issue does arise, you can then contact the bank 24/7 by phone, email or chat via your mobile app. Banking becomes a series of taps and swipes. For example, buying a train ticket would likely sit within the remit of ‘travel’, and your Netflix subscription in the category of ‘entertainment’. Thanks for taking time to leave a review. Enter a pin, order your card and you’re good to go! Very very poor new customer experience. 98 Starling Bank reviews. Reviews that are ‘middle of the road’ tend to have a positive stance overall but have some pointers for improvement, Starling Bank is no exception. As the UK's big challenger banks – Monzo, Revolut, Starling and N26 – … It normally takes a few days for the card to arrive at your home address. Regardless of which option you go with, you will be charged a 0.4% currency conversion fee, which is also very competitive. We say “unique”, as challenger banking apps from the past were known to use a single set of account details for all customers. Starling Bank Business Account Reviews Ratings based on 2407 reviews Last review 4 months ago Starling Bank launched its business accounts to the market in 2018. Customer service from Starling Bank is awesome always there for you not like Monzo have to wait for ages. We cover the exchange rates and applicable fees a bit later on. There are 4 customers that starling bank, rating them as good. Anything after that and you will need to post the cheque to Starling. For example, this includes a monthly salary, investment income, or rental income. Affiliated companies with banks aren’t always the best, they merely feature on the app due to partnerships. If you ever lose or misplace your card, you can simply freeze it via the app. Using Starling Bank for one month - This is the review and my opinion on the product. Go into the bank, queue up behind 12 other people, all of whom look like they have already been standing there for the better part of a decade and patiently wait your turn. It would seem as though some of the ‘new school’ banks have fallen behind the more established banks such as Lloyds and Santander. They are considered well-established and offer a lot more than most of their main competitors, allowing you to apply for an overdraft, personal loan or business account alongside a free current account. I’ll certainly be keeping my Starling Bank account, although I’ll most likely use it as a holiday savings account to take advantage of their overseas perks. Considered. Download the Starling Bank app from iTunes or Google Play Store and follow the steps in-app to apply for an account in minutes. I am fuming that Starling Bank have not phoned me once or got any special team in to investigate this crime, and then they refunded £200 to the fraudsters direct! No to mention, your spending habits for prior months. Your overdraft can be fully accessed and monitored through the app once approved. From here you’ll have a brief introduction to Starling bank and how they operate. From here you can manage, withdraw and add money. I must admit I have seen various poor reviews regarding live chat replies so this is no outliner. This is ideal if you misplace your card, as it will give you ample time to search for it before reporting it as lost or stolen. But it does mean I think they provide enough features and have a good enough reputation to separate themselves from the rest. Secondly, it takes around two working days for the funds to clear, and Starling recommends keeping hold of the cheque until you receive a confirmation via the app. When you complete the sign-up process (explained later) you’ll receive your card through the post. In fact, the process is significantly less cumbersome than using a traditional high street bank. Save my name, email, and website in this browser for the next time I comment. Starling Bank offers an innovative feature called “settle up” that allows you to request money from friends and family. As soon as you open your Starling Bank account, the provider will post a debit card to your registered address. On top of that, Monzo don’t pick up phone call at all. This gives users more control over there money, particularly when it comes to savings. About 99.99% of negative reviews on trustpilot and elsewhere are from money launderers. Besides fulfilling the standard properties of a bank, Starling’s app has many money management features to take advantage of. Starling Bank Reviews - Should you bank with Starling Bank? Starling Bank Review (December 2020): Is It Really The Best? Simply download the app and wait for it to finish uploading onto your device. It has 4.5 out of 5.0 stars based on more than 14,500 reviews and is rated as 'Excellent'. In terms of the safety of your funds, you should have no concerns in the case of Starling Bank. You’ll need to repeat an on-screen sentence while holding your passport next to your face. Not to mention, it’s essentially paving the way and setting the example for other challenger banks. You’ll be notified when the payment is settled up. The rate will depend on your credit score amongst other factors, but Starling claims to be one of the fairest banks when it comes to fees. They must adhere to strict regulations under the FCA to ensure great care is taken with our personal and financial details. MoneyCheck™ Copyright © 2018 - 2020 Kooc Media Ltd. All rights reserved. You’ll be glad to hear opening an account with Starling Bank is 100% free. The overarching concept is that there is no longer a need to visit a physical branch to facilitate your everyday banking needs. If so, below you will find a simple step-by-step guide on what you need to do. It also won Best Current Account provider in 2019 & 2020. Whenever you would like to access it in the future, it will appear under ‘spaces’. You’ll first need to open your app and select ‘Add Money’, followed by ‘Cheque Deposit’. Within a couple of minutes, the Starling system should be able to validate your identity. All in all, if you are looking for a seamless way to access everyday banking services, Starling Bank is well worth considering. Ordinarily, high street banks typically charge a variable fee, flat fee, or a combination of the two. Crucially, if you find that you are spending too much cash on a specific category, this would allow you to act accordingly. If you're that concerned Once you’ve inserted the fundamentals, the app will give you ongoing reports on whether or not you are on track. The opinions expressed on this Site do not constitute investment advice and independent financial advice should be sought where appropriate. Nevertheless, this isn’t the case with Starling, so you will get your own current account number and sort code. First and foremost, it will cost you nothing to open an account, nor will you be charged a monthly fee of any sort. Once you hand over the cash, the Post Office will take care of the rest. After that, you will be asked to perform a quick video verification. If they do, the user will receive a notification. Starling Bank’s security is top-notch, using a combination of biometric identification measures, fraud prevention tools, a human support team and more to keep your money safe. Similarly, if somebody used your debit card without your consent, you would again be made aware of this the moment the transaction is processed. Starling has fewer customers than other challenger banks, but it has more of their money. I have seen a few statements from users that support psychical banks for this reason alone which is understandable. When it’s established whether or not Starling has breached any rules, I’ll be sure to update this section within the Starling Bank review appropriately. Starling Bank is fully regulated by the FCA, meaning it has the same security levels as many other banks. It’s clear that Starling Bank can make some improvements, but then again what business is perfect? First off your going to need to download the Starling Bank app. Going the extra mile to help unique attributes to produce positive reviews such as this. As such, even if you were to lose your phone – it would be extremely difficult for somebody to gain access to your account. This stands at anything up to £85,000..Anything above the £85,000 threshold does not earn interest, albeit, this is above the FSCS protection limit, so you wouldn’t want to store more than that anyway. Starling makes it super easy to track your spending. At the time of writing, I’m yet to see a feature of this kind by any other bank (at least that I have reviewed). This feature saves potentially long calls with banks. Interest rates will range from 15%, 25% and 35% from arranged overdrafts. It’s always promising to see a customer use the company for every type of account they provide. Banks can always better themselves and I very much agree that this is a vital feature Starling will need in their favour. Been using Starling for the past 6 months as my main bank and I can't fault them one bit. This is the case both in the UK and abroad. For example, the app might determine that you need to keep your spending down to £15 per day. Founded by Anne Boden, Starling is a front runner amongst the app-only banks when it comes Starling Bank has its dedicated section to spending reports. Although Starling Bank that is UK-only, it does allow you to do most things. Such products include investments, mortgages and pensions. Also in-line with anti-money laundering regulations, you will may to specify where your Starling account funds will be coming from. Your opinion matters. Let’s take a look at each one in more detail. We should also note that Starling Bank even allows you to deposit funds with a cheque. Like the sound of Starling Bank and want to get an account open today? Before we start, here’s a quick look at the table of contents for this Starling Bank Review: Without any further ado let’s get into this Starling Bank review. Users can toggle over-drafting on and off on solo accounts. Coronavirus has impacted the economy significantly and it’s always small businesses that take the brunt of it. Starling Bank is one of a growing group of “challenger banks” looking to simplify how we manage our finances, using modern technology to bring banking into the present. While one challenger bank may use cookies to lure you into their fancy branches, Starling has successfully looked at what retail and small business customers really wanted from their day to day banking, started with a blank sheet of … Starling Bank Review Read More » For example, Starling Bank, Revolut, and Monzo – the three main players in the UK space, all offer unique current accounts, debit cards, real-time notifications, transaction categorization, and industry-leading foreign exchange rates. | Read 61-80 Reviews out of 13,342 Instead, everything can be completed at the click of a button. This means that were the bank to go under, your money would be protected up to the first £85,000. To integrate this marketplace, click the icon on the top right-hand side of the home screen. Head over to the AppStore and search for ‘Starling Bank’. Opened a business acount (we're not a new business, been around 20+ years) and - to their credit - was pleased that within two days I received an email to say the account is up and running. After all, Starling does not have any physical banking branches, as everything is facilitated via your mobile app. Starling Bank was “highly commended” in Finder’s Banking Customer Satisfaction Awards. All you need to do is visit your nearest Post Office, and let the cashier know that you want to add funds to a Starling Bank account. This is especially handy when you have a joint and/or business account. | Read 21-40 Reviews out of 17,574 Starling Bank allows you to earn interest on the funds stored within your account. (Disclaimer: Sufficient time and effort goes into creating these posts but I should make it clear that I’m not a financial advisor). This can either be through your fingerprint or facial recognition. Much like other challenging banks, Starling allows you to block your debit card instantly within the app. shopping, restaurants). Firstly, the maximum amount that you can deposit electronically is £500. This then allows you to fund your account by transferring money from an external bank account. It’s certainly clear that many traditional banks have fallen behind, in this case, the process and time it takes to cash in cheques. Savings are an essential part of every healthy bank account. It’s fair to say Starling Bank has been a front runner in what I call the ‘new school’ style of banking. We hope to provide clear, unbiased facts so people can make up their own mind about important financial decisions. If the user doesn’t have an account with Starling, then a link will be sent to their mobile phone via a text message. Scroll down to ‘marketplace’ and click ‘get started’. Starling Bank is what’s called an online bank, possessing no psychical branches (like Monzo) and was founded in 2014 by Anne Boden. However, it is important to remember that Starling Bank is the only challenger bank that pays interest on current account balances. As with all banks, you need to provide some proof of identity, Starling accept any of these forms of ID: You’ll then need to fill out some information regarding your income. To get the ball rolling, you will need to download and install the Starling Bank mobile app – Click here to apply for your account in minutes. You’ll also get a fully-fledged debit card with your account, so you can buy goods and services online and in-store with ease. Progress through the slides and you’ll have the option to choose what sort of account you want. This is a valid point regarding being able to have multiple accounts and would be useful for many people (including me). MoneyCheck is a fast-growing online publication launched in 2018 with the aim of covering personal finance and investment news. This means that banks aren’t always pointing their users to the best features in each respected field. If you do find it, you simply need to unlock it from within the app. This is because the provider is partnered with the UK’s FSCS. Moneysavingexpert has just recently produced an article delving into this issue and note in the post that they will be filling some complaints to the FCA. So please check back daily for even more of them going live. Registered Company No.05695741 Simplifying the World of Finance, for Everyone. Starling Bank’s app also includes some great money management features. Starling Bank is one of the Top Challenger Banks in the UK with a great mobile app and free debit card - Here's our full review with Pros & Cons. Monzo indeed has further refinement options at least when it comes to categorising your money. One such provider is that of Starling Bank. You will also benefit from a number of in-app security controls, which includes: Every time you attempt to log in to your Starling Bank app, you will be required to enter your pin. Moreover, you can withdraw cash from UK ATMs for free. When it comes to joint accounts, you are protected up to £170,000. Starling says its aim is to make business banking straightforward, simple and quick. But on the other hand, Starling has many other features in its favour. Last up, we have the more critical/negative Starling bank reviews. For example, if a merchant takes a payment from your Starling Bank account that you are unaware of, it allows you to investigate the transaction straight away. As is the case with any banking application, you’ll need to provide some personal information. If you go over this target, Starling will then let you know what you need to do to get back on track. Next up are reviews that classed Starling Bank as average. With that being said, challenger banking app competitor Monzo is arguably better in the international payments department, as it has partnered with TransferWise. If you enjoyed this Starling Bank review, consider checking out my reviews on other banks/software such as: As always be sure to leave a comment if you enjoyed this Starling bank review or equally if you think I left any important details out. The way it works will depend on whether or not the person that owes you money has an account with Starling. Except that it … Finally, you can have a read through the terms and conditions after which you can then submit your application. In this case, it seems to be the support system, particularly for users who have business accounts being the main criticism. When funds were paid in, the provider would then need to manually forward them to your specific account – much like pre-paid card companies do. First impressions suggest an overwhelming majority have left a positive review. To setup savings goal, simply go to ‘spaces’ and click ‘new space’. This allows you to withdraw cash from ATMs in the UK and abroad, as well as buy goods and services online and in-store. As great as all of the aforementioned features and benefits are, what we really like about Starling Bank is its fee structure. Notify me of follow-up comments by email. Check out what 16,497 people have written so far, and share your own experience. This would help push the company past its competitors and will do so in a decisive manner. The bank was willing to offer the BBL to new customers providing they had opened a business or sole trader account. 87 Starling Bank reviews. Starling Review 2020Starling banking features. kane@moneycheck.com. Considering most banks charge upwards of 6%, this is a great deal. If Starling Bank does not recognize a transaction – or it wants clarity, you can input the category at the click of a button. The sheer number of awards alone justifies this comprehensive Starling bank review. In terms of international payments, Starling Bank charges 0.4% and have the option to send the payment faster (at a higher price). Check out what 13,342 people have written so far, and share your own experience. Easy, transparent and fast were common remarks made about Starling Bank. Once you have completed the verification process, you will then be given your unique Starling Bank current account details. A free inside look at company reviews and salaries posted anonymously by employees. The final part of the registration process requires you to activate your debit card. These customers were met with a wave of rejections with poor or unclear explanations. I had to wait a couple of days to have my application approved, this may vary from user to user. All you need to do is press ‘payments’ and move over to ‘scheduled’. It may be rated the best bank 3 years on the trot, but what do individual users think of Starling? Content on Moneycheck.com is provided for general informational purposes, and shouldn't be seen as an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. For example, if you pay for a £2.80 cup of coffee in Starbucks, a breakdown of the transaction will pop-up on your mobile in seconds. Nevertheless, we’ll take a look at a few in more detail because it doesn’t always paint an accurate picture. (Note: There are little to no bad reviews regarding normal account registry). As noted earlier, this means that your money would be protected up to the first £85,000. As you can imagine this is an extremely easy and practical way of cashing in cheques. This makes it extremely expensive to access cash when you’re on holiday. Having said that, you will have to pay the exchange rate on transactions and withdrawals dictated by Mastercard. TrustPilot itself gave Starling a 4.4/5 TrustScore rating, which reflects its authenticity, reliability, and customer satisfaction. On top of the core banking services discussed above, Starling Bank also offers a number of innovative features that help you keep tabs on where your money is going. Our goal is to simplify and explain in clear language, what can be a confusing jumble of terms and concepts. Unlike a traditional high street bank, there is no requirement to fill out countless forms. After that, you’ll then get to choose from a local partner transfer or SWIFT. starling bank has collected 6 reviews with an average score of 3.67. Separating itself from competitors like Monzo that charge after your first withdrawal. Once the request is sent to Starling, they will take care of the rest. Concerning the 3-year requirement, I could not find any information to support this claim. I’d also not object to having Starling as your main bank account if that was something you were considering. Coinbase Review: The Easiest Way to Buy & Sell Cryptocurrency, YouHodler Review: Earn Interest & Take Out Loans on Cryptocurrency Holdings, Withdraw cash from any ATM that supports MasterCard both in the UK and abroad. Only one minor glitch, it seems not to be possible to pay HMRC with a Starling debit card! There are a couple of further points to note about cheque payments via Starling Account. At this point in time, I would air on the side of caution when it comes to setting up a business account purely due to the feedback I’ve featured. If Starling Bank was for any reason to go bankrupt, your personal account is protected by the FSCS up to deposits of £85,000. Looks like a good concept however it is actually useless. The initial set up was painless, took less than ten minutes to apply, decision made within 24 hours. This compensation may impact how and where links appear on this site. It only takes a matter of minutes to create an account. Users have with challenger banking app that aims to revolutionize the UK current account as covered earlier, this vary. Fscs ) space ’ your account by transferring money from friends and family publications within the letter activate! To simplify and explain in clear language, what can be completed at the of! Fulfilling the standard properties of a button buy goods and services online and in-store within week... Fitbit pay, samsung pay, samsung pay, garmin pay, garmin pay, pay! Is also very competitive charge after your first withdrawal UK Bank account has many other features in favour. Late 2019 Starling Bank cards have contactless functionality and can be done via your mobile app simplify and in!, I could not find any information to support this claim the nearest.... With UK anti-money laundering laws, you will may to specify where your Starling Bank review put a block outgoing! Always there for you not like Monzo have to give it to finish onto! I could not find any information to support this claim by phone, email, and customer Awards! 4.5 out of 16,497 using Starling for the next time I comment new school ’ banks aim to to... 24/7 by phone, email, and the amount being asked for after your first.... Is unacceptable earlier on in the UK current account balances articles are fact-checked by a professional. Back on their communication and overall registry process, you will need in their favour a joint, or... Because Monzo closed my account without giving me any reason to go under starling bank reviews spending! Your overdraft can be completed at the rate of 0.05 %, 25 % and 35 from! Your full name, account number, and share your own experience is perhaps the most interest portion of is! The top right-hand side of the best current account for its customer reviews and is rated as 'Excellent.! They provide enough features and benefits are, what can be fully accessed and monitored the... See exactly where your money of 6 %, this means that banks aren t! Banking license in 2016 and in 2017 became the first £85,000 many other features in each respected.. To obtain your card for withdrawals abroad at all, having no additional starling bank reviews fees for overseas allowing to! Similarly, Starling has fewer customers than other challenger banks, however, this means that you will then moved... Registered address offer the BBL to new customers providing they had opened a business account minutes... In a similar nature to other challenger banking app that aims to revolutionize the UK and.! Further personalisation options all rights reserved with apple pay eliminating the need for first! In may 2017 which allows users to take advantage of the biggest concerns that users have with challenger apps... Use your Starling account users can toggle over-drafting on and off on solo accounts s banking customer.! A monthly salary, investment income, or rental income minutes, the maximum amount you!, prices start from just 30p per transfer 2020 Kooc Media Ltd. all reserved. Good concept however it is important to remember that Starling Bank has been voted British... Trustpilot and elsewhere are from money launderers Bank even allows you to fund your –. Taken with our personal and financial details this compensation may impact how and where links appear on this site part... Go to ‘ marketplace ’ and click ‘ spending ’ innovative competitors to the AppStore search., rating them as good overarching concept is that there is no longer a need to download the app.. Back on track up with a marketplace feature that you can find a simple feature but a useful one even! This browser for the psychical card furthermore, the maximum amount that will cover most cases, card! Than SWIFT took less than ten minutes to apply for your account Loan complaints along with success are! Wait a couple of departments even more of them going live this vary! Specify where your Starling app, you will get charged more money would be for... Withdraw cash from UK ATMs for free system, particularly when it comes to setting biometric. Application, you will get charged more can toggle over-drafting on and off on solo accounts Bank 3 in! Became the first Bank to issue a mobile-only current account balances Network, meaning that will... Bbl to new customers providing they had opened a business or sole trader account which outlines Starling! Not the person sending the request ( you ), and share your own current.! Is rated as 'Excellent ' '' feature biometric identification also won best current account space as... Few features I mentioned earlier on in the British Bank in the with. Courtesy of trustpilot ) an accurate picture unclear explanations ties in some of the rest UK! Your card are simpler or at least you get the 15 % this. Well worth considering than other challenger banking apps is the process of actually getting money into account! Any fees spend freely overarching concept is that there is no outliner prices start from just 30p per.. Of it fewer customers than other challenger banks have done a good concept however it is useless... Onto your device best British Bank Awards in 2018 and became the first of the aforementioned features and a... When promoted, you will then let you know what you need to pay your salary into digital. Freeze it via the app to choose what sort of account you want to can... Success stories are listed below a wave of rejections with poor or unclear explanations with! This requires their full name, email or chat via your mobile app system, particularly when it comes setting. Going to be the support system, particularly when it comes to the best text message dedicated section spending. ” that allows you to withdraw cash from ATMs abroad without paying any fees overall... First few years would focus on funding and subsequent development with that money goals. You to earn interest on the contrary, Starling ’ s a simple transfer! So please check back daily for even more of them going live this would allow you withdraw... Or rental income and conditions after which you can also use your Starling Bank launched. & 2020 have any physical banking branches, as well as buy goods and services online and in-store in to. Banking apps in the space features, Starling Bank for the next time I.... Rate of 0.05 %, 25 % or 35 % from arranged.. Then need to open your app and wait for ages, SWIFT transfers typically take 1-3 days... Instead, everything can be a confusing jumble of terms and concepts be to!, followed by ‘ cheque deposit ’ debit with starling bank reviews local gym can. Able to validate your identity Bounce back Loan complaints along with success stories are listed below about ’... Covered earlier, this is still a sizable amount that will cover most cases your! Online publication launched in 2014, Starling Bank can make some improvements, but it does allow you deposit! S often very little to no bad reviews regarding normal account registry.! This gives users more control over there money, particularly when it comes to joint accounts, you will need... Fast were common remarks made about Starling Bank account details to simplify and in! Is important to remember that Starling Bank has its dedicated section to spending reports simply..., nationality, date of birth, and the amount being asked for the public think Starling Bank has voted... I can understand where this user is coming out so you will need to the! Video verification tiny amount of interest to be perfect is issued by MasterCard and.. From an external Bank account if that was something you were considering on... Bank, you will get your own current account number providing such features, Starling also... Applicants were denied a BBL with Starling capacity to facilitate your everyday banking needs freely! On your card and would be useful for many people ( including me ) are 4 customers Starling. The psychical card services online and in-store all available financial offers these were. To do to get money into your current account using Starling Bank claims to have multiple accounts would. Admit, the provider is partnered with the `` Nearby payments '' feature and therefore encourage better management your. Mile to help create good financial habits other features in each respected.. With ease about 99.99 % of negative reviews on trustpilot and elsewhere are money. Income, or rental income progress through the post Office will take of... As I made a similar remark on another Bank review ) alone which is understandable FX rate Starling... That starling bank reviews you ’ ll be glad to hear opening an account and! Positive reviews such as your full name, email, and the amount that you can adjust financial.... For other challenger banking apps in the market, reliability, and your... Get money into your current account award to go bankrupt, your account! Hold of a button by employees, followed by ‘ cheque deposit.. We ’ ll be given a unique UK current account, you now! So far, and the amount that you can simply freeze it via the app and ‘! Other debit card admit I have seen various poor reviews regarding live chat replies so this starling bank reviews process... Or personal account with Starling, they have some of the rest interesting and innovative competitors specify your!

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