Challenger banks and mobile banks are a new wave of bank accounts that operate without branches, via a smartphone. It focuses on current and business account products. We are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential … Starling Bank is a member of the Financial Services Compensation Scheme (FSCS). Is Starling safe to use? 09092149), 3rd floor, 2 Finsbury Avenue, London EC2M 2PP. In terms of the safety of your funds, you should have no concerns in the case of Starling Bank. They have to adhere to strict rulings on protection of your money as well as fair treatment acts for their customers. Starling Bank is regulated like any bank by the Financial Conduct Authority. Do you agree with Starling Bank’s star rating? Happy days! The best option is to download straight from your browser. Is Starling safe to use? The interest rate is a very low 0.05%, so not worth considering really. 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. It is simple and convenient. As noted earlier, this means that your money would be protected up to the first £85,000. Starling Bank is registered in England and Wales as Starling Bank Limited (No. Yes, up to £85,000 of your money is protected by the Financial Services Compensation Scheme (FSCS) in each account. As Starling is covered in the UK by the Financial Services Compensation Scheme (FSCS), up to £85,000. Check out what 16,695 people have written so far, and share your own experience. 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 … 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. The bank needs to ensure it's reacting to such disclosures quickly to keep its users, and their cash, safe. Starling Bank customer reviews. Using an open API, Starling Bank’s customers can share their data easily, giving them access to high-value, personalised services. 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. Is Starling Bank safe? The app is so user friendly and allows me to keep track of all of my purchases. | Read 16,441-16,460 Reviews out of 16,695 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. 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. Starling Bank is rated as 'Excellent' on Trustpilot with 4.5 out of 5.0 stars and over 16,000 reviews. The app is confirmed safe by VirusTotal. We are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential … Keep your details safe. No engines detected this file as harmful. Starling Bank is registered in England and Wales as Starling Bank Limited (No. e-mail; 71. shares. This is because the provider is partnered with the UK’s FSCS. As Starling is covered by the Financial Services Compensation Scheme (FSCS), you would be covered for 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. If you click on them we may earn a small commission. 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. Discover what Monzo, Starling Bank, Revolut and other challenger banks have to offer. Starling bank has been voted best British bank and also the best current account provider at the British Bank Awards in 2018 and 2019. Remember, your bank or card provider will never contact you asking to confirm the card details or to disclose or verify the PIN. Starling is one of the best challenger banks. Starling Bank interest. The big app-only banks, such as Atom, Starling, Tandem and Monzo, have attracted millions of pounds of savers’ deposits. Do you agree with Starling Bank’s star rating? 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! Some links in this article may be affiliate links. 09092149), 3rd floor, 2 Finsbury Avenue, London EC2M 2PP. 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. We are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential … | Read 15,341-15,360 Reviews out of 15,581 The FSCS is an independent fund set up by the government to help protect people’s money. 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. Check out what 15,581 people have written so far, and share your own experience. Since the bank is covered under the Financial Services Compensation Scheme (FSCS), you’re covered for up to £85,000 if Starling goes bankrupt. Is my Money Safe at Starling Bank? Starling Bank (/ ˈ s t ɑːr l ɪ ŋ ˈ b æ ŋ k /) is a digital challenger bank based in the United Kingdom. Headquartered in London, Starling Bank is a licensed and regulated bank, founded by former Allied Irish Banks COO, Anne Boden, in January 2014. Major question is: what if the Bank needs to ensure it 's reacting to such quickly. It must adhere to strict rules on protecting client money and treating customers fairly is starling bank safe... Always safe business account with Starling what if the Bank goes bust take 43M of storage on your.! 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