How safe is Starling? Starling is a regulated bank. It received its banking license in 2016 and is regulated and monitored by both the Prudential Regulation Authority and Financial Conduct Authority. Up to £85,000 is protected, per customer, as part of the Financial Services Compensation Scheme (FSCS).
Is my money safe in Starling bank?
That said, Starling is backed by the FSCS, so deposits are protected up to £85,000. In the app, Starling has a few key features to keep your card secure. Under 'Card Controls', you can allow or ban ATM withdrawals, online or mobile payments, magstripe payments, or gambling transactions.Oct 7, 2019
Is Starling bank a high street bank?
Digital bank Starling is coming to a high street near you in a tie up that allow its personal and business customers to deposit and withdraw cash over the counter at some 11,500 Post Office branches across the country.
Are Starling bank any good?
Summary - 4.8/5. Overall, Starling Bank have a great deal to offer UK customers, especially since they are one of the only challenger banks to offer interest, and have one of the most effective methods of saving money through 'Goals'.
Is Starling safer than Monzo?
Are Starling and Monzo safe? Both Starling and Monzo are fully regulated banks and protected up to £85,000 by the Financial Services Compensation Scheme (FSCS). The FSCS is an independent fund set up by the government to help protect people's money.
Which UK online bank is best?
- Starling Bank: Best For Everyday Accounts.
- Monzo: Best For Budgeting.
- Revolut: Best For International Payments.
- Atom Bank: Best For Mortgages And Savings.
- Monese: Best For International Students.
What are the cons of Monzo?
- Monzo's saving rates aren't very high.
- Monzo uses Mastercard's exchange rates.
- Monzo charges a £1 fee every time you deposit cash into your Monzo account.
- There's a monthly limit on how much you can withdraw for free when abroad.
- Monzo doesn't have a desktop app.
- Monzo doesn't offer a credit card.
Is there a minimum monthly deposit for Starling bank?
Our account does not have any minimum monthly deposit requirement, and no default fee. Some bank accounts charge their customers a monthly fee for having the account. The Starling Bank account does not have any monthly charge. Many current accounts don't pay interest on any credit balance you have in your account.