A real bank
Starling bank is a licensed financial institution that is registered in the UK. It means that the UK government guarantees Starling bank deposits up to £85,000. The regulation of banks in the UK is undertaken by three main regulators, the bank of England, Prudential Regulation Authority (PRA), a subsidiary of the BoE, Financial Conduct Authority (FCA). Consequently, Starling bank operates under the supervision of various UK state organizations.
Support of Starling bank
There are various ways to communicate with the staff of Starling bank and they are very responsive. They decided to play the transparency card by providing a live chat, an email address, a phone number, a messenger through their mobile application. Starling bank is among the ones that really want no barriers between the bank and its customers. The support team is available 24/7.
The personal bank account
It is pound sterling bank account with interests on its amount for UK residents. 0.5% AER on balances up to £2,000 and 0.25% on balances above £2,000 up to £85,000. You can operate your bank account from the mobile phone application. For instance, you can transfer money from and to your Starling bank account through the European SEPA system or the UK only faster payment system from the mobile phone.
How to open a starling bank account?
Download the Starling bank mobile app. on your phone and follow the instructions.
My opinion about a personal starling bank account & its MasterCard
It is sad that Starling bank has decided to design a website with information that isn’t useful to the bank account owner. There are lots of images, little text. For example, there is no information about the limits of the MasterCard. We just know that if you withdraw money using the starling bank MasterCard from overseas you can withdraw £300 per day in max. 6 times. I guess the limits are higher when you use the MasterCard at a POS (point of sale). It is possible to use the MasterCard on a weekend in Normandy but how much would you be allowed to spend thanks to the MasterCard payment. It is a mystery.
The Mastercard from the Starling bank account is a useful tool for those who are looking for an alternative debit card. It is always good to possess alternative methods of payment, especially when you travel abroad. Using the starling bank credit card in France works well but Furthermore, it is possible to block the starling MasterCard from the mobile phone.