Starling Bank is a fully-licensed bank that offers a more personal and smarter approach to banking. The bank was voted as the “Best Current Account Provider” and “Best British Bank” at the British Bank Awards for three consecutive years. It was founded in 2014 by leading banker, Anne Boden. Today, it has over two million customer accounts and over £1 billion in deposits.
Starling bank gives its customers the power to own and control their money by providing them with money management tools, contactless debit card access and 24/7 support. In 2017, the bank unveiled the UK’s first mobile-only current account.
The idea behind Starling Bank is to provide its customers with all the benefits of a full UK bank account through its mobile app. In addition to being able to conduct transactions, manage direct debits, standing orders, and all payments, the app also allows its customers to connect to their digital wallets (like Apple Pay). It also provides a goal section and insights into spending habits to help customers better manage their budgets.
Apart from various accounts, Starling Bank also offers overdrafts. The Starling Bank Marketplace gives customers access to insurance products and financial services.
To open an account with Starling Bank, download the app on your smartphone and provide a valid photo ID (a UK passport or driving license).
To open a business account, download the app and enter your personal and business details. Verify your identity by uploading ID documents and by sending a video.
According to the bank, it can take minutes to set up a personal, joint or business account.
No matter what type of account you choose, you are eligible for a contactless Mastercard debit card.
Starling Bank offers both personal and joint accounts, as well as business and sole trader accounts that can be easily opened via the mobile app.
Starling Bank Euro account for personal/business account holders allows customers to hold, send, and receive money in euros and pounds.
Starling Bank is a superb option for UK residents who want to open an account quickly and have complete control of their money. It’s the perfect choice for anyone who wants to be free from the hassles of traditional banking and yet has all the facilities and security that conventional banking offers.
Starling Bank is safe, regulated and a quick banking solution for the busy individual.