Happy days! Starling Bank is rated as 'Excellent' on Trustpilot with 4.5 out of 5.0 stars and over 16,000 reviews. 09092149), 3rd floor, 2 Finsbury Avenue, London EC2M 2PP. Check out what 16,695 people have written so far, and share your own experience. Is Starling safe to use? The amount of overdraft one receives, however, depends on a credit check. With a new bank like Starling, it’s natural to worry if your money will be safe. What is a challenger bank? Starling Bank overdraft. Is my Money Safe at Starling Bank? Discover what Monzo, Starling Bank, Revolut and other challenger banks have to offer. Well you’ll be happy to discover that Starling Bank is all fully regulated in the UK and is protected by the Financial Services Compensation Scheme (FSCS) so your deposits are protected up to £85,000 – which is the same as most ‘traditional’ UK banks. Since the bank is covered under the Financial Services Compensation Scheme (FSCS), you’re covered for up to £85,000 if Starling goes bankrupt. Starling Bank is registered in England and Wales as Starling Bank Limited (No. Its latest version is 1.57.0.44399 and will take 43M of storage on your device. While the likes of Metro Bank and TSB technically count as challenger banks, people tend to think of tech start-ups such as Monzo, Revolut and Starling. Starling Bank is covered by the Financial Services Compensation Scheme (FSCS), which covers up to £85,000 of your money if the bank were to go bust. If you want your money to be safe and have access when things go wrong, or for a bank which helps (never mind goes out of its way to do so), Starling is NOT your bank. There isn’t a fee-free overdraft buffer any more, but the rates are potentially lower than most other UK banks. Starling Bank Online Reviews. With the Christmas period fast approaching, many of us will be looking to take advantage of the sales and offers available on Black Friday, Cyber Monday and beyond. It’s natural to wonder if your money will be safe if you go with a new bank like Starling. The best option is to download straight from your browser. Depending on your credit report you’ll be offered either 15%, 25% or 35%. Starling Bank is a member of the Financial Services Compensation Scheme (FSCS). Starling Bank’s financial crime specialist, Laurie Hood, shares tips on how to help stay safe when shopping online. Being a fully licensed bank, your money is always safe. Starling bank is amazing. Is Starling bank safe? It is simple and convenient. Reply from Starling Bank. We are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential … Yes, up to £85,000 of your money is protected by the Financial Services Compensation Scheme (FSCS) in each account. The big app-only banks, such as Atom, Starling, Tandem and Monzo, have attracted millions of pounds of savers’ deposits. We will never request your app password or PIN number. Keep your details safe. Is Starling Bank safe to use? Is Starling Bank safe? Starling Bank is regulated like any bank by the Financial Conduct Authority. Find out more: The FSCS – are my savings safe? Safety & Security Starling is a fully regulated bank, and therefore your cash is protected up to the amount of £85,000 (£170,000 for joint accounts). Is Starling Bank safe? If you click on them we may earn a small commission. If you have the Starling Kite card, and you think there may be a security problem, you can always lock the card in your Starling app and let our customer service team know as soon as possible. Remember, Starling Bank will never ask you to move your money to a ‘new or safe account’. Purchase scams are rife. In terms of the safety of your funds, you should have no concerns in the case of Starling Bank. No engines detected this file as harmful. Plus, Starling is regulated by the Financial Conduct Authority to help you from falling victim to fraud. Remember, your bank or card provider will never contact you asking to confirm the card details or to disclose or verify the PIN. If Monzo or Starling (or any other bank or building society) goes bust, it means you won’t be left out of pocket. Starling Bank customer reviews. Below is helpful illustrated guide how to do it. As Starling is covered by the Financial Services Compensation Scheme (FSCS), you would be covered for up to £85,000. What Is Starling Bank? Starling Bank is registered in England and Wales as Starling Bank Limited (No. Do you agree with Starling Bank’s star rating? The most recent update is on Nov 26, 2020; How to download Starling Bank? We will always message you in app first to arrange a call, so if you do get a suspicious call, you can always ring us on the number found on our website. Hi Anne, sorry to hear of your current perception of the customer service experience. Starling Bank interest. We are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential … I’d look to keep my money elsewhere. Starling bank is amazing. Headquartered in London, Starling Bank is a licensed and regulated bank, founded by former Allied Irish Banks COO, Anne Boden, in January 2014. This is because the provider is partnered with the UK’s FSCS. I recommend it to everyone I know and so far have led 8 people to join. I love the features of it! It focuses on current and business account products. The interest rate is a very low 0.05%, so not worth considering really. Starling Bank announced that its accounts will now be available via desktop and laptop, in addition to its App on mobile devices. Check out what 15,581 people have written so far, and share your own experience. | Read 15,341-15,360 Reviews out of 15,581 Would you be covered? As noted earlier, this means that your money would be protected up to the first £85,000. The app is so user friendly and allows me to keep track of all of my purchases. Are Starling and Monzo safe? Are Monzo, Revolut, Starling and Transferwise safe to bank with? Do you agree with Starling Bank’s star rating? We are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential … Starling Bank is registered in England and Wales as Starling Bank Limited (No. The bank needs to ensure it's reacting to such disclosures quickly to keep its users, and their cash, safe. The app is confirmed safe by VirusTotal. Starling Bank is disrupting the banking industry with its agile, mobile-only bank, which is powered by the AWS Cloud. The FSCS is an independent fund set up by the government to help protect people’s money. Since its founding, it has received over £230m of funding. Both Starling and Monzo are fully regulated banks and protected up to £85,000 by the Financial Services Compensation Scheme (FSCS). Challenger banks are typically online-only banking brands that are seeking to win customers from the more traditional high street stalwarts. I’ve got a personal and business account with Starling. 09092149), 3rd floor, 2 Finsbury Avenue, London EC2M 2PP. 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. Starling Bank is also regulated by the Financial Conduct Authority (FCA) and has adhered to the Contingent Reimbursement Model (CRM) code, a voluntary industry code means you’re entitled to a refund for any unauthorised payments made from … They have to adhere to strict rulings on protection of your money as well as fair treatment acts for their customers. At the time of writing this article, Starling have five different account types – personal, business, joint, teen and euro.You sign up via the app from the App Store or Google Play. To start off, Starling Bank is a British Bank Awards winner and fully-licensed bank with all accounts protected by the Financial Services Compensation Scheme.So your in safe hands! I know what you’re probably thinking though – is it safe? Is my money safe with Starling Bank? One major question is: what if the bank goes bust? We always want to provide a distinctly human experience where our agents have the knowledge and expertise to chat about the development of the Starling product as well as the intricacies within a FinTech context. One major question is: what if the bank goes bust? This means it must adhere to strict rules on protecting client money and treating customers fairly. There have been very little safety concerns with Starling bank since the company was founded in 2014, and it’s fair to say that it’s a secure, authentic bank that you can trust. This is an important safety net, which protects the first £85,000 you save with any banking institution covered under the scheme, so if the bank goes bust you will get your money back up to that limit. e-mail; 71. shares. Challenger banks and mobile banks are a new wave of bank accounts that operate without branches, via a smartphone. Starling bank has been voted best British bank and also the best current account provider at the British Bank Awards in 2018 and 2019. Using an open API, Starling Bank’s customers can share their data easily, giving them access to high-value, personalised services. | Read 16,441-16,460 Reviews out of 16,695 Starling Bank (/ ˈ s t ɑːr l ɪ ŋ ˈ b æ ŋ k /) is a digital challenger bank based in the United Kingdom. Starling is one of the best challenger banks. Starling Bank is now six years old, and this expansion to what is considered more traditional devices reflects a maturing of the bank as it seeks to broaden its customer base. Starling Bank is registered in England and Wales as Starling Bank Limited (No. Would you be covered? Customers cite 'great customer service' as well as feeling 'safe' banking with Starling. Is Starling safe to use? Starling Bank offers overdrafts of up to £5,000 with 15% EAR but no additional fees. 09092149), 3rd floor, 2 Finsbury Avenue, London EC2M 2PP. As Starling is covered in the UK by the Financial Services Compensation Scheme (FSCS), up to £85,000. 09092149), 3rd floor, 2 Finsbury Avenue, London EC2M 2PP. Users also receive protection under the Financial Services Compensation Scheme, meaning up to £85,000 (£170,000 on joint accounts) of your cash will be secure if the bank goes bust. Atom Bank is arguably the most recognisable app-only bank. Its mobile app is elegant and efficient. Setting up a Starling Bank account takes minutes, the process is paperless, and a debit card is sent via post within 2-3 business days. With a new bank like Starling, it’s natural to worry if your money will be safe. That said, Starling is backed by the FSCS, so deposits are protected up to £85,000. Some links in this article may be affiliate links. We are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential … I travel a lot all around the world and use my card everywhere. 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