After that, you’ll then get to choose from a local partner transfer or SWIFT. Starling Bank overdraft There isn’t a fee-free overdraft buffer any more, but the rates are potentially lower than most other UK banks. Your money is NOT safe if you bank with Starling Bank and they do not take fraud seriously enough to protect you, the customer. There are a couple of further points to note about cheque payments via Starling Account. Monzo indeed has further refinement options at least when it comes to categorising your money. Starling allows you to integrate your card with a marketplace feature that includes financial products. 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). Instead, you simply need to take a photo of your passport or driver’s license ( A passport speeds up the process). If Starling Bank does not recognize a transaction – or it wants clarity, you can input the category at the click of a button. Most importantly, Starling Banking is partnered with the Financial Services Compensation Scheme (FSCS). After that, you will be asked to perform a quick video verification. | Read 21-40 Reviews out of 17,574 As is a minimum expectation in 2020, Starling Bank transfers go through the Faster Payments Network, meaning the payment should be near-instant. Anything after that and you will need to post the cheque to Starling. The opinions expressed on this Site do not constitute investment advice and independent financial advice should be sought where appropriate. But it does mean I think they provide enough features and have a good enough reputation to separate themselves from the rest. Separating itself from competitors like Monzo that charge after your first withdrawal. Starling Bank is what’s called an online bank, possessing no psychical branches (like Monzo) and was founded in 2014 by Anne Boden. It’s a simple feature but a useful one that even traditional bank haven’t adopted. The bounce-back loan (BBL) is provided to help put businesses back on their feet. As is the case with any banking application, you’ll need to provide some personal information. Alternatively, enter your mobile number in the box below and we’ll send you a text with a link to download the app. As you can imagine this is an extremely easy and practical way of cashing in cheques. 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. Nevertheless, this isn’t the case with Starling, so you will get your own current account number and sort code. Starling Bank launched their public app in May 2017 which allows users to take out their 'game-changing' current account. Once you’ve inserted the fundamentals, the app will give you ongoing reports on whether or not you are on track. 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. Going the extra mile to help unique attributes to produce positive reviews such as this. I can understand where this user is coming from as I made a similar remark on another bank review. Keep it up StarlingBank I will save some … Starling Bank is fully regulated by the FCA, meaning it has the same security levels as many other banks. The process works largely the same as setting this up with a traditional bank. 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. 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. Instead, everything can be completed at the click of a button. This includes the basics – such as your full name, home address, nationality, date of birth, and contact details. Engaged. As long as the cash is coming from a UK bank account, the funds should be credited instantly. This range of financial products has been extended further through Marketplace, allowing you … All you need to do is press ‘payments’ and move over to ‘scheduled’. Such products include investments, mortgages and pensions. If you go over this target, Starling will then let you know what you need to do to get back on track. I’d also not object to having Starling as your main bank account if that was something you were considering. For those unaware, SWIFT transfers typically take 1-3 working days before they reach their destination. The overarching concept is that there is no longer a need to visit a physical branch to facilitate your everyday banking needs. Ordinarily, high street banks typically charge a variable fee, flat fee, or a combination of the two. This lastly ties in some of the prior issues mentioned by some users. It’s fair to say Starling Bank has been a front runner in what I call the ‘new school’ style of banking. This Starling Bank review will be no exception. The initial set up was painless, took less than ten minutes to apply, decision made within 24 hours. Do you agree with Starling Bank’s star rating? MusicJason Nolan - Mister MyriadOEDSZA - Sun Models Thanks for taking time to leave a review. Head over to the AppStore and search for ‘Starling Bank’. Starling is perhaps the best of all, having no additional transactional fees for overseas allowing you to spend freely. The challenger banking space is hotting up in the UK – with a number of new-age institutions now allowing you to access everyday banking services via your mobile phone. Do you agree with Starling Bank’s star rating? How to Get Help with A Starling Account If you’ve ever had an issue with your bank of choice, you’ll be well aware of how tiresome the customer service process can be. 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. Although companies try they aren’t able to fix everyone’s problems, therefore, a disparity between opinions on customer service is inevitable. Verdict Starling Bank has been one of the success stories of the UK’s so-called ‘Challenger Banks’. One of the biggest concerns that users have with challenger banking apps is the process of actually getting money into the account. Nevertheless, if you simply can’t get a hold of a company then this is unacceptable. (adsbygoogle = window.adsbygoogle || []).push({}); The thought process behind this is why stick to the traditional and psychical banking style when you can essentially have a bank in your pocket? When it comes to the exchange rate, you will get the same MasterCard FX rate that Starling gets. Just like any traditional bank, you can set up a joint, business or personal account with Starling. Trusted. This can either be through your fingerprint or facial recognition. Much like a domestic transfer, you’ll first need to enter the payment details of the person you are sending the funds to. Furthermore, the bank is protected by the FSCS, which Revolut isn’t. (All Starling Bank reviews are courtesy of Trustpilot). It’s always promising to see a customer use the company for every type of account they provide. Once again, high street banks are known to add 2-3% on top of the wholesale rate that they get, so it’s notable that Starling does not do this. [email protected] You can get real-time information regarding your spending as soon as you make the payment. Launched in 2014, Starling Bank is a challenger banking app that aims to revolutionize the UK current account space. This is useful for a number of reasons. Even if you get the 15% it’s better to look at alternatives. I must admit, the majority of the bad reviews concern this issue. Check out what 16,760 people have written so far, and share your own experience. This then allows you to fund your account by transferring money from an external bank 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. This is useful because it allows you to see exactly where your money is going each month. Once you have completed the verification process, you will then be given your unique Starling Bank current account details. 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. Simply download the app and wait for it to finish uploading onto your device. If so, below you will find a simple step-by-step guide on what you need to do. Free ATM Withdrawals in the UK and Abroad, Step 1: Download and Install the Starling Bank app, earn interest on the funds stored within your account. We should also note that Starling Bank even allows you to deposit funds with a cheque. When it comes to sending money, Starling Bank allows you to do this with ease via the mobile app. The sheer number of awards alone justifies this comprehensive Starling bank review. Once the request is sent to Starling, they will take care of the rest. We cover the ins and outs of how the app works, what banking services it allows you to facilitate, and crucially – whether or not your money is safe. 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