Since the bank is covered under the Financial Services Compensation Scheme (FSCS), you’re covered for up to £85,000 if Starling goes bankrupt. 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. We will never request your app password or PIN number. What is a challenger bank? It’s natural to wonder if your money will be safe if you go with a new bank like Starling. One major question is: what if the bank goes bust? The app is confirmed safe by VirusTotal. The amount of overdraft one receives, however, depends on a credit check. Starling Bank is rated as 'Excellent' on Trustpilot with 4.5 out of 5.0 stars and over 16,000 reviews. Is Starling bank safe? Depending on your credit report you’ll be offered either 15%, 25% or 35%. As Starling is covered by the Financial Services Compensation Scheme (FSCS), you would be covered for up to £85,000. Some links in this article may be affiliate links. The most recent update is on Nov 26, 2020; How to download Starling Bank? I’ve got a personal and business account with Starling. 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. Check out what 16,695 people have written so far, and share your own experience. 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). The app is so user friendly and allows me to keep track of all of my purchases. 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. 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. 09092149), 3rd floor, 2 Finsbury Avenue, London EC2M 2PP. Starling Bank customer reviews. With a new bank like Starling, it’s natural to worry if your money will be safe. Headquartered in London, Starling Bank is a licensed and regulated bank, founded by former Allied Irish Banks COO, Anne Boden, in January 2014. We are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential … Do you agree with Starling Bank’s star rating? Starling Bank is registered in England and Wales as Starling Bank Limited (No. 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! Keep your details safe. | Read 16,441-16,460 Reviews out of 16,695 Its latest version is 1.57.0.44399 and will take 43M of storage on your device. This is because the provider is partnered with the UK’s FSCS. Its mobile app is elegant and efficient. I recommend it to everyone I know and so far have led 8 people to join. 09092149), 3rd floor, 2 Finsbury Avenue, London EC2M 2PP. Plus, Starling is regulated by the Financial Conduct Authority to help you from falling victim to fraud. Starling Bank offers overdrafts of up to £5,000 with 15% EAR but no additional fees. Starling Bank is disrupting the banking industry with its agile, mobile-only bank, which is powered by the AWS Cloud. As noted earlier, this means that your money would be protected up to the first £85,000. 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. Below is helpful illustrated guide how to do it. I’d look to keep my money elsewhere. Are Monzo, Revolut, Starling and Transferwise safe to bank with? I know what you’re probably thinking though – is it safe? Being a fully licensed bank, your money is always safe. 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 bank is amazing. Do you agree with Starling Bank’s star rating? The big app-only banks, such as Atom, Starling, Tandem and Monzo, have attracted millions of pounds of savers’ deposits. 09092149), 3rd floor, 2 Finsbury Avenue, London EC2M 2PP. Is my money safe with Starling Bank? Starling Bank overdraft. Starling Bank is a member of the Financial Services Compensation Scheme (FSCS). I travel a lot all around the world and use my card everywhere. Challenger banks are typically online-only banking brands that are seeking to win customers from the more traditional high street stalwarts. Is Starling Bank safe? This means it must adhere to strict rules on protecting client money and treating customers fairly. With a new bank like Starling, it’s natural to worry if your money will be safe. Is Starling Bank safe to use? Yes, up to £85,000 of your money is protected by the Financial Services Compensation Scheme (FSCS) in each account. Since its founding, it has received over £230m of funding. e-mail; 71. shares. Starling Bank is regulated like any bank by the Financial Conduct Authority. The bank needs to ensure it's reacting to such disclosures quickly to keep its users, and their cash, safe. Purchase scams are rife. 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. 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 … Are Starling and Monzo safe? Starling Bank interest. 09092149), 3rd floor, 2 Finsbury Avenue, London EC2M 2PP. It focuses on current and business account products. Starling Bank’s financial crime specialist, Laurie Hood, shares tips on how to help stay safe when shopping online. Happy days! Using an open API, Starling Bank’s customers can share their data easily, giving them access to high-value, personalised services. Starling Bank is registered in England and Wales as Starling Bank Limited (No. Starling bank is amazing. In terms of the safety of your funds, you should have no concerns in the case of Starling Bank. Would you be covered? The FSCS is an independent fund set up by the government to help protect people’s money. 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. No engines detected this file as harmful. 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. Is Starling safe to use? I love the features of it! 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. That said, Starling is backed by the FSCS, so deposits are protected up to £85,000. 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. What Is Starling Bank? Is Starling Bank safe? Starling is one of the best challenger banks. They have to adhere to strict rulings on protection of your money as well as fair treatment acts for their customers. | Read 15,341-15,360 Reviews out of 15,581 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. There isn’t a fee-free overdraft buffer any more, but the rates are potentially lower than most other UK banks. One major question is: what if the bank goes bust? Remember, Starling Bank will never ask you to move your money to a ‘new or safe account’. The interest rate is a very low 0.05%, so not worth considering really. As Starling is covered in the UK by the Financial Services Compensation Scheme (FSCS), up to £85,000. 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 is registered in England and Wales as Starling Bank Limited (No. Remember, your bank or card provider will never contact you asking to confirm the card details or to disclose or verify the PIN. Would you be covered? Hi Anne, sorry to hear of your current perception of the customer service experience. Starling Bank is registered in England and Wales as Starling Bank Limited (No. 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. We are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential … Both Starling and Monzo are fully regulated banks and protected up to £85,000 by the Financial Services Compensation Scheme (FSCS). Customers cite 'great customer service' as well as feeling 'safe' banking with Starling. Starling Bank Online Reviews. If you click on them we may earn a small commission. Is Starling safe to use? Atom Bank is arguably the most recognisable app-only bank. It is simple and convenient. 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. Find out more: The FSCS – are my savings safe? The best option is to download straight from your browser. 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. Starling bank has been voted best British bank and also the best current account provider at the British Bank Awards in 2018 and 2019. We are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential … 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. 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