The sheer number of awards alone justifies this comprehensive Starling bank review. As a result, the company is not going to be perfect. As such, even if you were to lose your phone – it would be extremely difficult for somebody to gain access to your account. 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. Like the sound of Starling Bank and want to get an account open today? Separating itself from competitors like Monzo that charge after your first withdrawal. 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. Considered. Next, you’ll be asked to provide your phone number so they can send you a verification code. Now you have some background information on starling Bank, let’s take a look at how it all works. In summary, there’s often very little to separate challenging banking apps. 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. In the 2 months I have Banked with Starling I have been very impressed with the service, the system and when I have spoken to them in person the people on the telephone. This customer touches on a few features I mentioned earlier on in the review. This begs the question, is it really the best bank in the Uk? Do you agree with Starling Bank’s star rating? Check out what 16,760 people have written so far, and share your own experience. If Starling Bank does not recognize a transaction – or it wants clarity, you can input the category at the click of a button. The way it works will depend on whether or not the person that owes you money has an account with Starling. Starling Bank does not place any limits at all and you get to withdraw to up to £300 per day which is great. To setup savings goal, simply go to ‘spaces’ and click ‘new space’. Within your card control settings, you can do things such as: It’s safe to say that starling bank is protected with a list of options to further increase your account’s security. You can get real-time information regarding your spending as soon as you make the payment. Much like its industry counterparts, Starling Bank will automatically categorize your transactions. Starling Bank is what’s called an online bank, possessing no psychical branches (like Monzo) and was founded in 2014 by Anne Boden. First impressions suggest an overwhelming majority have left a positive review. For example, buying a train ticket would likely sit within the remit of ‘travel’, and your Netflix subscription in the category of ‘entertainment’. Perhaps the most interest portion of this Starling bank review is the features the app provides. Most importantly, Starling Banking is partnered with the Financial Services Compensation Scheme (FSCS). Nevertheless, we’ll take a look at a few in more detail because it doesn’t always paint an accurate picture. Notify me of follow-up comments by email. On top of that, Monzo don’t pick up phone call at all. Only one minor glitch, it seems not to be possible to pay HMRC with a Starling debit card! 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. All our articles are fact-checked by a relevant professional with expertise in that area of finance and we regularly update guides as necessary. 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. This Starling Bank review will be no exception. Once you’ve inserted the fundamentals, the app will give you ongoing reports on whether or not you are on track. Do you agree with Starling Bank’s star rating? In fact, you can do this electronically. For example, let’s say that you wish to set up a direct debit with your local gym. This is a valid point regarding being able to have multiple accounts and would be useful for many people (including me). Every time you use your Starling Bank debit card, you will receive a notification on your phone in real-time. When it comes to the exchange rate, you will get the same MasterCard FX rate that Starling gets. So if you're looking to see what other early adopters are saying about this new challenger bank, read our Type above and press Enter to search. Crucially, if you find that you are spending too much cash on a specific category, this would allow you to act accordingly. If opting for the latter, you will pay a flat fee of £5.50 per transfer. Starling Review 2020Starling banking features. The bounce-back loan (BBL) is provided to help put businesses back on their feet. Using Starling Bank for one month - This is the review and my opinion on the product. Upon filling out the form, you simply need to provide your unique Starling Bank account details. A free inside look at company reviews and salaries posted anonymously by employees. From here you’ll have a brief introduction to Starling bank and how they operate. One of the very few annoyance I have with Starling Bank is the fact you can’t order 2 cards – which I think is an essential for any travel card, so you can keep one safe incase of loss/theft. Banking becomes a series of taps and swipes. Once the request is sent to Starling, they will take care of the rest. With that said, it’s important to assess whether or not a mobile-only bank account is going to be sufficient for your needs, so be sure to read our Starling Bank review prior to taking the plunge. Kooc Media Ltd Company No.05695741 International House, 61 Mosley Street, Manchester, M2 3HZ UK, Hours Monday—Friday: 9:00AM–5:00PM Saturday & Sunday: 11:00AM–3:00PM. Alternatively, you also have the option of setting up biometric identification. No to mention, your spending habits for prior months. 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. In fact, the process is significantly less cumbersome than using a traditional high street bank. Launched in 2014, Starling Bank is a challenger banking app that aims to revolutionize the UK current account space. This can either be through your fingerprint or facial recognition. Starling Bank is fully regulated by the FCA, meaning it has the same security levels as many other banks. In fact, you can make up to 6 withdrawals per day with your Starling debit card, as long as you do not surpass your daily limit of £300. 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. | Read 61-80 Reviews out of 13,342 This means that banks aren’t always pointing their users to the best features in each respected field. Save my name, email, and website in this browser for the next time I comment. Unlike a traditional high street bank, there is no requirement to fill out countless forms. This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. Much like other challenging banks, Starling allows you to block your debit card instantly within the app. It’s certainly clear that many traditional banks have fallen behind, in this case, the process and time it takes to cash in cheques. Your opinion matters. In addition to this, within the Starling Bank app, you have a whole host of security settings you can adjust. From here you can manage, withdraw and add money. Firstly, the maximum amount that you can deposit electronically is £500. Finally, as of late 2019 Starling Bank claims to have over 1 million customers using its app. We should also note that although the likes of Revolut and Monzo also allow you to withdraw cash abroad for free, however the providers limit you to around £200-£600 per month (depending on your account type) before a fee is added. Moreover, you can withdraw cash from UK ATMs for free. Starling Bank is also useful if you are looking to create specific savings goals. Starling Bank allows you to earn interest on the funds stored within your account. Thirdly, Starling limits you to four cheque payments per week. Note: In order to benefit from the MasterCard exchange rate when using your Starling Bank debit card abroad, make sure that you always pay in the local currency. Here’s a quick overview of over 12,000 reviews. Upon clicking the link, the user will be prompted to enter their debit card details to settle the transaction! Scroll down to ‘marketplace’ and click ‘get started’. 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. After that, you’ll then get to choose from a local partner transfer or SWIFT. Anything after that and you will need to post the cheque to Starling. Having said that, you will have to pay the exchange rate on transactions and withdrawals dictated by Mastercard. Accept the conditions and from then on you can browse through what it has to offer. That doesn’t mean to say positions won’t change in the future, because it’s inevitable in such a competitive market. You can also use your Starling Bank debit card to withdraw cash from an ATM – both in the UK and abroad. Simply select who else needs to put there share into the bill and from then on you can monitor their payments through the app. As soon as you open your Starling Bank account, the provider will post a debit card to your registered address. This feature saves potentially long calls with banks. (All Starling Bank reviews are courtesy of Trustpilot). This isn’t something offered by traditional high street banks, meaning you need to cancel the card as soon as you lose it – even it turns up later in the day! Much like any other UK-to-UK transfer, you will first need to set up the payee. 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. Let’s take a look at each one in more detail. After all, Starling does not have any physical banking branches, as everything is facilitated via your mobile app. If you select GBP when promoted, you will get charged more. Although companies try they aren’t able to fix everyone’s problems, therefore, a disparity between opinions on customer service is inevitable. Similarly, Starling Bank allows you to put a block on outgoing transactions from within the app. This is a prime example of what the ‘new school’ banks aim to bring to the market. 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. Starling Bank uses Trustpilot for its customer reviews and displays them on its website. 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. Concerning the 3-year requirement, I could not find any information to support this claim. You’ll be notified when the payment is settled up. They must adhere to strict regulations under the FCA to ensure great care is taken with our personal and financial details. The business account seems to hit all three marks. This often results in same-day or next-day transfers at industry-leading rates. In terms of international payments, Starling Bank charges 0.4% and have the option to send the payment faster (at a higher price). This range of financial products has been extended further through Marketplace, allowing you … Starling Bank offers an innovative feature called “settle up” that allows you to request money from friends and family. Considering most banks charge upwards of 6%, this is a great deal. This style of banking would help pave the way for new companies to take advantage of the changing market. Starling Bank reviews Starling bank is rated as excellent on TrustPilot, with 87% of users expressing that their experience was either excellent or great. It has all the proper licences in place so that it is legitimately a real, regulated bank – just managed remotely. We hope to provide clear, unbiased facts so people can make up their own mind about important financial decisions. When it comes to joint accounts, you are protected up to £170,000. (Note: If you have already signed up, skip this portion of the Starling Bank review). Alternatively, enter your mobile number in the box below and we’ll send you a text with a link to download the app. Head over to the AppStore and search for ‘Starling Bank’. Check out what 13,342 people have written so far, and share your own experience. 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. 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. Having won the best bank award 3 years in a row, as well as the best current account award. You’ll first need to open your app and select ‘Add Money’, followed by ‘Cheque Deposit’. Even if you get the 15% it’s better to look at alternatives. Starling Bank has been voted Best British Bank in the British Bank Awards in 2018, 2019, 2020. Savings are an essential part of every healthy bank account. Affiliated companies with banks aren’t always the best, they merely feature on the app due to partnerships. You also have the safety net of real-time debit card notifications. If so, below you will find a simple step-by-step guide on what you need to do. I must admit, the majority of the bad reviews concern this issue. When you complete the sign-up process (explained later) you’ll receive your card through the post. There are 4 customers that starling bank, rating them as good. The card is issued by MasterCard, so it operates much the same as any other debit card in the market. Our goal is to simplify and explain in clear language, what can be a confusing jumble of terms and concepts. Whenever you would like to access it in the future, it will appear under ‘spaces’. Binance Review: The Top Cryptocurrency Exchange? I can understand where this user is coming from as I made a similar remark on another bank review. 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. Ordinarily, high street banks typically charge a variable fee, flat fee, or a combination of the two. In this case, it seems to be the support system, particularly for users who have business accounts being the main criticism. Monzo indeed has further refinement options at least when it comes to categorising your money. 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. We’ll touch upon this in more detail later on in this Starling bank review, but for now, we’ll take a quick look at the sign-up process. As noted earlier, this means that your money would be protected up to the first £85,000. Starling allows you to integrate your card with a marketplace feature that includes financial products. 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. MoneySavingExpert featured Starling as one of the best banks to travel abroad with. 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. This will display the name of the person sending the request (you), and the amount being asked for. For example, unlike its competitors Starling Bank allows you to make an unlimited amount of ATM withdrawals (within daily limits) without paying a fee. As you can imagine this is an extremely easy and practical way of cashing in cheques. I've used Starling to go to Sri Lanka and didn't have a problem. 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. But it does mean I think they provide enough features and have a good enough reputation to separate themselves from the rest. 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