Starling Bank Review

Starling Bank Review Summary

The Starling Bank is a British bank that focuses on providing digital banking services. The company has a mobile app for iOS and Android, and it has an in-app deposit and transfer service, as well as a full current account. It also offers a range of lending products, including personal loans, and B2B banking. In the U.K., Starling Bank has a fast-growing customer base and has no waiting list. Its app makes it easy to transfer money and manage expenses. The company also aims to make banking simple and convenient. The new app integrates with various other services to make banking more convenient.

Starling Bank review
Starling Bank Features

Starling Bank Year Established

2014

Starling Bank International Clients

Starling Bank accepts international clients.

Starling Bank Age requirement

18 years

Starling Bank Currencies Offered

20 online

Starling Bank Minimum Transfer

none

Starling Bank Transfer Fees

0.4%+local fee

Starling Bank Office Locations

Headquarters in US, with subsidiary offices and certified agents literally across the globe.

Starling Bank Employees

1245

Starling Bank Turnover

125200000

Starling Bank Regulation

Financial Conduct Authority (FCA)

Starling Bank Fees

Starling Bank transfer fees are 0.4%+local fee.

Fees with Starling Bank may vary per transfer, depending on method of sending, currencies and amount. Based on World Bank statistics, the fixed fee can be as high as 19 Pounds for 120 Pound transfer to Ethiopia (source).

Additionally to the fixed fees taken by Starling Bank, the World Bank Statistics reveal that an additional markup of between 1 and 4 per cent is incurred.

Starling Bank Client Rating

Starling Bank has a rating of 3.

Number of Starling Bank customers

2500000

Starling Bank Website

https://moneyaccounts.com/vs/torfx-vs-rabobank/

Starling Bank Supported Languages

English

Month Savings
January $100
February $80

Starling Bank Review

Starling Bank review
Pros and Cons of Transferring Money with Starling Bank

Most of the time money transfers with Starling Bank will be smooth. Each money transfer service have their own benefits and isses, so always weigh the pros and cons of sending money with Starling Bank money prior to submitting an application to Starling Bank.

Can you easily afford the Starling Bank fees, are the exchange rate costs reasonable with Starling Bank?

Starling Bank review
Starling Bank Advantages

  • Starling Bank has been in business over 4 years
  • Starling Bank is availble in many international countries.
  • Starling Bank offers a wide range of money transfer currency options.
  • Starling Bank offers phone support.
  • Starling Bank offers email support.
  • Starling Bank offers an Apple iOS mobile application.
  • Starling Bank offers an Android Google Play Store mobile app.

Starling Bank review
Starling Bank Disadvantages

  • Starling Bank does not offer PayPal as a payment method
  • Starling Bank does not offer Neteller as a payment method
  • Starling Bank does not offer Skrill as a payment method
  • Starling Bank does not offer a mobile wallet.
  • Starling Bank does not offer Home delivery for money transfers.
  • Starling Bank does not offer Cash pickups for money transfers.
  • Starling Bank does not offer Money orders.
  • Starling Bank does not offer Livechat support.

What Is Starling Bank?

Starling Bank is a financial service company, that offers its clients money transfer services.

Starling Bank was founded in 2014 by Anne Boden and has offices in London (GB).

Starling Bank provides money transfer services to its 2500000 customers who are from all over the world including 38 countries.

The London (GB) Starling Bank business was founded in 2014 to deliver money orders locally and internationally.

Do Starling Bank Offer Money Transfer?

Money transfer businesses, or other financial corporations use EFT (electronic funds transfer) to send money across distances, large or small. That is to say that it is not actual money being sent, it is rather data that represents the amount being sent that the recipient can withdraw whenever they wish.

Is Starling Bank Trusted And Established?

Starling Bank is among the most recognized and reputable money transfer platforms. It has an exceptional track record and offers reasonable rates.

Starling Bank was established in 2014 in London (GB), and has been in operation for around 10 years Starling Bank have a head office in London (GB).

Starling Bank review
How much does it cost to send a Starling Bank Transfer?

Starling Bank money transfer exchange rates are quite minimal compared to banks and other money transfer providers. A minimal percentage is charged on top of the exchange rate as standard practice. Starling Bank only charges 0.4%+local fee, when compared to other money transfer service providers.

Starling Bank review
How much can I send with Starling Bank?

The maximum transfer amount with Starling Bank is up to 25000 GBP/day (or its currency equivalent) online.

While Starling Bank charges a small percent of transfer fees, the brand offers reasonable exchange rates.

Starling Bank review
Starling Bank Money Transfer Terms and Conditions

When transferring money with Starling Bank, it is crucial to keep tabs on the following:

  1. Starling Bank Speediness. Often the need to money transfer may be urgent and time critical.
  2. Starling Bank Reliability and reputation. The safety of money and personal information can be a concern for those wanting to use international money transfer services to send money.
  3. Starling Bank Transaction charges. Transaction charges are important as the majority of customers wish to send money overseas without having to worry about paying excessive charges.
  4. Starling Bank Ease of use, and convenience. Your money transfer platform should be flexible and offer a good range of options and features, making it more convenient for customers to send money overseas.
  5. Starling Bank Customer service. Because one can often run into problems when transferring money. A money transfer platform with excellent customer service could solve a lot of problems. Starling Bank customer service should respond to your queries quickly and work with you to resolve any issues that you have.

Starling Bank review
How Starling Bank Compares To Other Money Transfer Companies

NameStarling BankXE Money TransferWise Multi-Currency Account
Usedby250000028000000011000000
Transfer Timeup to 2 hours1-4 business days1-2 business days
Min TransfernoneUS$1.001 USD
Max Transfer25000 GBP/dayUS$500,000.00 (or equivalent)1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
Payment Methodsstanding orders, withdraw money through an ATM machine with a debit card and deposit money via bank transferBank transfer, credit card, debit cardBank transfer, debit card, credit card, SOFORT transfer
iOS Appyesyesyes
Android Appyesyesyes

Starling Bank review
Starling Bank Risk Warning

Any taxes or charges are payable in the destination country. costs may exist that are not paid through Starling Bank or imposed by Starling Bank. Your Starling Bank money transfer transaction may be cancelled if it is demmed to be connected with prohibited activities including all applicable laws regarding anti money laundering or counter terrorism financing laws. or the transaction is actioned through unauthorised use of your Starling Bank account.

Starling Bank review
Starling Bank Fees & Exchange Rates

Several money transfer platforms like Starling Bank charge money for every money transfer a customer makes through their platforms. Other than that, every time an individual exchanges money from one particular currency to another, the money transfer operator in this case Starling Bank may charge for a currency exchange.

Starling Bank review
Starling Bank Transfer Fees

A transfer fee is the sum of money that a money transfer operator like Starling Bank charges a customer for transferring money to a recipient. The amount charged depends on the operator charging it.

Starling Bank review
Starling Bank Exchange Rate Margins

Exchange rate margins are how Starling Bank, banks and other financial corporations make profit off their services instead of charging customers with commission fees.

When a bank or a money transfer service like Starling Bank quotes an exchange rate to a customer, they usually take the interbank rate and add an amount known as a margin rate. Check with Starling Bank to see what their exchange rate margin is.

Starling Bank review
Starling Bank Methods to Transfer Funds

A Starling Bank fund transfer is when someone sends money from their account to another person's account. Money can be transferred using different methods, e.g. online, via the phone, or a mobile app.

The methods to transfer funds are:

  • Manual EFT
  • Automatic EFT
  • Bill payment
  • Correction

Starling Bank enables users to transfer money using bank transfer, via none.

Starling Bank review
Starling Bank Currencies Supported

Money transfer operators that offer more currency options are beneficial because they make for reduced conversion fees. This way customers do not have to pay exorbitant conversion fees when transferring money.

Starling Bank offers every available world currency to its customers. We list the major Starling Bank supported currencies below.

Starling Bank Money Transfer Currencies
NameCurrencies
GBP, EUR, USD, BGN, CZK, DKK, PLN, HKD, HUF, MXN, NZD, NOK, QAR, RON, SGD, ZAR, SEK, CHF, THB, TRY
AED, BDT, BHD, BTN, HKD, IDR, ILS, INR, JOD, JPY, KWD, LKR, MYR, NPR, OMR, PHP, PKR, QAR, RUB, SGD, THB, TRY, TWD, VND, BAM, BGN, CHF, CZK, DKK, EUR, GBP, HRK, HUF, NOK, PLN, RON, RSD, SEK, BBD, CAD, CRC, DOP, GTQ, HNL, JMD, MXN, TTD, USD, XCD, AUD, FJD, NZD, TOP, WST, ETB, GHS, GMD, GNF, KES, MAD, MUR, MZN, RWF, SLL, TND, TZS, UGX, ZAR, ARS, BOB, CLP, COP, GYD, PEN, PYG, UYU
AED, ARS, AUD, BDT, BGN, BWP, CAD, CHF, CLP, CNY, CRC, CZK, DKK, EGP, EUR, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PEN, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, USD, UYU, VND, XOF, ZAR, ZMW
ALL, ARS, EUR, BSD, BDT, XOF, BOB, BRL, BGN, BIF, USD, XAF, CLP, CNY, COP, KMF, CRC, HRK, CZK, DOP, EGP, ETB, FJD, GMD, GHS, GTQ, GNF, GYD, HNL, HUF, INR, IDR, JMD, JPY, JOD, KES, MGA, MWK, MYR, MXN, MAD, NPR, NGN, PKR, PYG, PEN, PHP, PLN, RON, RUB, RWF, SLL, ZAR, KRW, LKR, TSZ, THB, TND, TRY, UGX, UYU, VND, ZMW
AED, AUD, BGN, BRL, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, IDR, INR, JPY, MYR, NOK, NZD, PLN, RON, TRY, SEK, SGD, USD, ARS, BDT, BWP, CLP, CNY, COP, CRC, EGP, GEL, GHS, ILS, KES, KRW, LKR, MAD, MXN, NGN, NPR, PHP, PKR, RUB, THB, UAH, UGX, UYU, VND, XOF, ZAR, ZMW
AED, EUR, PLN, AUD, GBP, SEK, CAD, HKD, SGD, CHF, HUF, USD, CZK, NOK, ZAR, DKK, NZD
AED, ARS, AUD, BDT, BGN, BRL, BWP, CAD, CHF, CLP, CNY, COP, CRC, CZK, DKK, EGP, EUR, FJD, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, UYU, VND, XOF, ZAR, ZMW
AUS, SGD, HKD, INR, MYR, EUR, GBP, USD, CAD, JPY, NZD
USD, AUD, CHF, EUR, HKD, JPY, BBD, BMD, BSD, DKK, GYD, INR, JMD, KYD, MXN, NOK, NZD, SAR, SEK, SGD, TTD, ZAR, GBP
AUD, BGN, CAD, HRK, CZK, DKK, EUR, HKD, HUF, INR, ILS, JPY, JOD, MYR, MAD, NZD, NOK, OMR, PLN, GBP, QAR, RON, SAR, RSD, SGD, ZAR, KRW, SEK, CHF, THB, TRY, AED, USD
AED, AUD, BND, CAD, CHF, CZK, DKK, EUR, FJD, HKD, HUF, IDR, ILS, INR, IRR, JPY, KRW, KWD, LKR, MAD, MXN, MYR, NGN, NZD, OMR, PEN, PGK, PHP, PKR, PLN, SAR, SCR, SDG, SEK, SGD, THB, TOP, TRY, TWD, USD, VND, VUV, WST, XOF, XPF, ZAR
EUR, GBP, USD, CAD

Starling Bank review
Starling Bank Transfer Options

Starling Bank offers the following transfer options:

Starling Bank Money Transfer Options Compared
NameTransfer Options
Bank deposit
Bank deposit
Bank deposit, mobile wallet deposit
Bank deposit, cash pick-up, home delivery, mobile wallet deposit.
Bank deposit, mobile wallet deposit
Bank deposit, mobile wallet deposit
Bank deposit, mobile wallet deposit
Bank deposit, cash pick-up (Philippines)
bank deposit, cheque, wire transfer, debit card, credit card
Bank deposit, cash pick-up, VISA & MasterCard, ATMs, mobile wallet deposit (depending on country)
Bank deposit
Bank deposit, cash pick-up , door-to-door delivery

Single Payments

’Single payments’ is a term used to recognize a one-time money amount from an allowance. For a single payment, the user may use a single credit card (or debit card) and have a single invoice.

Regular Payments

A regular payment is a highly economical and easy way to transfer money with Starling Bank. It is best suited for customers who have to transfer regular smaller amounts (usually three, four, or smaller five-digit amounts).

Starling Bank review
Who Starling Bank Services Are Available To

Starling Bank offers services for sixty different currencies across more than one-seventy countries.

The more global a money transfer operator becomes, the more reliable it is for people across the globe.

Starling Bank Country Restrictions

Starling Bank does not operate in the following countries :

  • Afghanistan
  • Aland Islands
  • American Samoa
  • Angola
  • Anguilla
  • Antarctica
  • Antigua and Barbuda
  • Barbados
  • Belize
  • Benin
  • Bhutan
  • Bonaire (including Sint Eustatius and Saba)
  • Bouvet Island
  • British Indian Ocean Territory
  • Burkina Faso
  • Burundi
  • Cape Verde
  • Central African Republic
  • Chad
  • Cocos (Keeling) Islands
  • Comoros
  • Congo
  • Democratic Republic of
  • Congo
  • Republic of
  • Cook Islands
  • Crimea
  • Cuba
  • Curacao
  • Djibouti
  • Equatorial Guinea
  • Eritrea
  • Faroe Islands
  • Fiji
  • French Guyana
  • French Polynesia
  • French Southern Territories
  • Gabon
  • Gambia
  • Greenland
  • Grenada
  • Guadeloupe
  • Guinea
  • Guinea-Bissau
  • Guyana
  • Haiti
  • Heard Island and Mcdonald Islands
  • Holy See (Vatican City State)
  • Iran
  • Iraq
  • Ivory Coast (Cote d'Ivoire)
  • Japan
  • Kiribati
  • Kosovo
  • Kyrgyzstan
  • Lao People’s Democratic Republic
  • Lebanon
  • Liberia
  • Libya
  • Macao
  • Mali
  • Marshall Islands
  • Martinique
  • Mauritania
  • Mayotte
  • Micronesia
  • Federated States of
  • Montserrat
  • Myanmar
  • Namibia
  • Nauru
  • New Caledonia
  • Niger
  • Niue
  • Norfolk Island
  • North Korea
  • Northern Mariana Islands
  • Palau
  • Palestinian Territory
  • Papua New Guinea
  • Reunion
  • Pitcairn
  • Rwanda
  • Saint Barthelemy
  • Saint Helena
  • Saint Kitts and Nevis
  • Saint Lucia
  • Saint Martin
  • Saint Pierre and Miquelon
  • Saint Vincent and the Grenadines
  • Sao Tome e Principe
  • Seychelles
  • Sierra Leone
  • Sint Maarten
  • Solomon Islands
  • Somalia
  • South Georgia and the South Sandwich Islands
  • Sudan (North and South)
  • Suriname
  • Svalbard and Jan Mayen
  • Syria
  • Tajikistan
  • Timor-Leste
  • Togo
  • Tokelau
  • Tonga
  • Turkey
  • Turkmenistan
  • Turks and Caicos Islands
  • Tuvalu
  • Vanuatu
  • Venezuela
  • Wallis and Futuna
  • Western Sahara
  • Western Samoa
  • Yemen
  • Zimbabwe
  • Crimea
  • Cuba
  • Iran
  • Libya
  • North Korea
  • South Sudan
  • Sudan
  • Syria

Certain countries are restricted because Starling Bank is not allowed to legally operate in those regions or it is not economically viable for Starling Bank to provide money services in these regions.

Starling Bank review
Starling Bank International Money Transfers

An International Transfer is when someone sends money from their account in one country to a bank account in another country.

Setting up your Starling Bank money transfer is quick and simple with the modern Starling Bank online platform.

Transferring money internationally used to be a tedious process 10 years ago but advances in software and the internet have made transferring money allot easier.

These days, you can send a money transfer with ease on the Starling Bank website.

The Starling Bank website includes useful and easy-to-access option for those who wish to track their money and monitor when it can be received, providing a safe and accessible option if you'd like to keep an eye on your transfer.

Starling Bank review
Starling Bank Minimum Money Transfer

Several money transfer companies do not have a minimum money transfer amount. Making it easy for their users to send small amounts of money. Starling Bank has a minimum transfer amount of none.

Starling Bank review
Starling Bank Maximum Money Transfer

Money transfer companies often do not have maximum transfer limits. For example, Starling Bank does not have a maximum transfer limit when the user is paying through phone. There is however, a 25000 GBP/day limit per transaction for online transfers.

Starling Bank review
Starling Bank Money Transfer Fees and Charges

These are the fees charged by Starling Bank and other money transfer companies (or other financial corporations) for transferring money. Several companies however, do not charge their users for transferring money. The only charges there are to pay are currency conversion charges.

Starling Bank review
How Long Does It Take to Get a Starling Bank Money Transfer

Starling Bank money transfers do not usually take very long. It normally takes less than 24 hours for a money transfer to complete between two accounts with the same financial corporation. While in the case of money transfers with money transfer services like Starling Bank, it can take a little as a few minutes. If the money is being sent overseas, it can take up to five days for the recipient to receive the money from Starling Bank.

Starling Bank review
Starling Bank PLC Status

If a company has the acronym PLC at the end of its name, it means that the business offers its shares to the public and is traded on a public stock exchange. This alone makes the company more reputable. Starling Bank is not a publically listed company. Starling Bank is a privately owned company.

Starling Bank review
Starling Bank Money Orders

The charges for issuing money orders with Starling Bank are 0.4%+local fee.

Starling Bank review
Starling Bank Mobile Top Up

Starling Bank offers mobile top ups.Starling Bank mobile top ups are where a user can add credit to a recipient’s mobile phone number. The recipients number has to be local. These are normally processed within minutes, if not seconds.

Starling Bank COVID-19 Help

Some money transfer companies offer COVID-19 financial assistance. This may be in many forms including payment holidays, reduced interest rates and more options to pay. Check with Starling Bank directly to see what they are able to offer if you are adversely affected by COVID-19.

Who are Starling Bank Money Transfers Best For

There may be many reasons you are looking to action a money transfer with Starling Bank. These reasons can include debt consolidation, medical bills, student debt, collection agency debt, wedding costs, holidays, home repairs and repaying friends and family.

Starling Bank money transfers are best for people looking for looking for a reliable fast money transfer service.

Starling Bank Guide for Fast Money Transfer Approval

For Starling Bank to be able to process your money transfer application as quickly as possible make sure you have everything Starling Bank need. If you and Starling Bank need to go back and forth it may delay the Starling Bank application process. Make sure every piece of information you give Starling Bank is accurate.

Please note that you must have at least a minimum of one active bank account for Starling Bank to process your money transfer.

Starling Bank Application Time

Application time refers to the amount of time you have to wait for your Starling Bank registration to be approved. This should not take long, especially if you have nothing which should come up as red flag on the Starling Bank system.

Starling Bank Approval Time

It is the time it takes for Starling Bank money transfer operator to approve the money transfer being made. Depending on the situation this can take up to five days.

Starling Bank Funding Time

It is the amount of time it takes for the recipient to receive the money transfer. Once your Starling Bank money transfer has been approved the money should be in your account within four working days.

Starling Bank review
Things to Check Before a Starling Bank Money Transfer

Why more features are useful for modern life’s and why new challenger banks are starting to beat traditional banks.

Here are a number of important things to consider before considering Starling Bank money transfer:

  1. Reliability and safety
  2. Making preparations before the transaction
  3. Convenience
  4. Transfer and conversion rates
  5. The quality of the customer service offered

Starling Bank review
Starling Bank Customer Support

Starling Bank support should be there to help customers with their issues which includes answering their queries, guiding them through and difficult processes and issues when transferring money. Starling Bank customer support should troubleshoot any issues with you until you get to a resolution that you are happy with.

When getting a Starling Bank money transfer you will want to speak to a Starling Bank representative in a language that you are comfortable with. All your Money Transfer queries and issues should be resolved quickly.

Starling Bank review
Does Starling Bank Offer Live Chat?

Customers can reach out to Starling Bank through live chat to resolve Starling Bank money transfer account issues or difficulties with their Starling Bank account that they can't solve. Live chat, or live support is a real-time live chat feature used by customer support representitives allowing customers to instant message to and receive guidance from a trained agent regarding a your money transfer related query.

Starling Bank review
How does Starling Bank Compare with Other Money Transfer Companies?

When deciding upon a money transfer company like Starling Bank you will want to know how Starling Bank compares with other leading online money transfer companies. See how Starling Bank compares below.

  1. Visit Starling Bank alternative XE Money Transfer

    Used By: 280000000
    Currencies Available: 76
    Transfer Fees: none
    Payment Methods: Bank transfer, credit card, debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$500,000.00 (or equivalent)
    Year Founded: 1993

  2. Visit Starling Bank alternative Wise Multi-Currency Account

    Used By: 11000000
    Currencies Available: 54
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 1 USD
    Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
    Year Founded: 2011

  3. Visit Starling Bank alternative Remitly

    Used By: 3000000
    Currencies Available: 63
    Transfer Fees: 0-3.99$
    Payment Methods: Bank transfer, credit/debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$20,000.00
    Year Founded: 2011

  4. Visit Starling Bank alternative Wise

    Used By: 11000000
    Currencies Available: 54
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$1,000,000 (varies based on currency)
    Year Founded: 2011

  5. Visit Starling Bank alternative CurrencyFair

    Used By: 150,000
    Currencies Available: 17
    Transfer Fees: 0.45%
    Payment Methods: Bank transfer, debit card
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: £5.00 (or equivalent)
    Max Transfer: £10,000,000.00 (or equivalent)
    Year Founded: 2009

  6. Visit Starling Bank alternative Wise Business

    Used By: 11000000
    Currencies Available: 55
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 1 USD
    Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
    Year Founded: 2011

  7. Visit Starling Bank alternative InstaReM

    Used By: 130000000
    Currencies Available: 11
    Transfer Fees: 0%-1%
    Payment Methods: bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: $1 (minimum sending amounts could differ based on certain currency pairs)
    Max Transfer: No limit (different countries have regulatory limits on outward and inward flow of remittances originating from or to the country)
    Year Founded: 2014

  8. Visit Starling Bank alternative Scotiabank

    Used By: 25,000,000
    Currencies Available: 23
    Transfer Fees: none
    Payment Methods: Bank transfer, debit card, credit card, apple pay, google pay, Scotiabank Saddletone gift cards
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: none
    Max Transfer: 10000 USD
    Year Founded: 1832

  9. Visit Starling Bank alternative Skrill

    Used By: 120,000
    Currencies Available: 33
    Transfer Fees: none
    Payment Methods: Cash, bank transfer, debit card, credit card, e-wallet, cryptocurrency (depending on country)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$1.00 (varies based on certain currencies)
    Max Transfer: US$2,500.00 / day (weekly and monthly limites also apply)
    Year Founded: 2001

  10. Visit Starling Bank alternative MoneyGram US

    Used By: 150000000
    Currencies Available: 46
    Transfer Fees: 0-1.99$
    Payment Methods: pay by card or directly from your bank account
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: none
    Max Transfer: 3000 USD
    Year Founded: 1940

  11. Visit Starling Bank alternative Xoom

    Used By: 250000000
    Currencies Available: 4
    Transfer Fees: 0$-40$
    Payment Methods: Bank transfer, debit/credit card, PayPal balance
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$10.00
    Max Transfer: 2999 USD/day, 6000 USD/month, 9999 USD/3 months
    Year Founded: 2001

Starling Bank review
Starling Bank Website and Mobile Apps

Starling Bank has a website available online but it may be useful to manage your Starling Bank account from your mobile device like your tablet or phone.

Starling Bank offers an Android mobile application on the Google Play store.

Starling Bank offers an Apple IOS mobile application for iPhones and iPads allowing Starling Bank to users to check their Starling Bank accounts on their iOS mobile devices.

Starling Bank review
Starling Bank Deposit and withdrawal Methods

Starling Bank offers the following Money Transfer payment methods: standing orders, withdraw money through an ATM machine with a debit card and deposit money via bank transfer. All of significant bank systems are all acknowledged with Starling Bank.

Starling Bank offers ACH Payment which is used for direct deposit and debit transfers within the US. It is similar in nature to BACS (for the UK) and EFT (for Canada). Users can pay through bank transfer.

The recipient will receive the money in their bank account and can withdraw it using the method they prefer. They cannot, however, receive the money in the form of cash.

Take note that Starling Bank may charge additional commissions and fees when using certain payment and withdrawal methods. These fees may not necessarily come from Starling Bank.

Starling Bank review
Is My Money Safe With Starling Bank?

Starling Bank is a reliable, secure, and trusted option for sending money overseas. Starling Bank are registered and regulated with the Financial Conduct Authority (FCA).These regulatory licenses have strict rules that are enforced. These regulations safeguard the funds entrusted to them by Starling Bank customers.

Starling Bank review
Starling Bank Financial Regulation and Safety of Starling Bank Funds

Every business that wants to send money across borders (in excess of €3 million per month) must be licenced under the Payment Services Regulations 2017 and the Electronic Money Regulations 2011, both of which were created by the UK government but executed by the FCA for UK residents.

Consumer credit, in simple terms, is credit offered to individuals so they can purchase goods or cover personal expenses. It does not cover long term investments such as purchasing property. It allows for a properly managed economy to function and further encourages economic growth.

Firms like Starling Bank that offer money transfer to retail customers are legally considered to be offering consumer credit.

A financial regulator ensures that consumers are protected, there is fair competition in the money transfer industry and the integrity of the Financial services industry as a whole is maintained.

Getting a money transfer with a regulated company is essential as it offers an increased level of protection than a money transfer from an unregulated one. This is because regulators are able to enforce strict rules and stop unscrupulous money transfer operators.

Laws differ on who can and cannot offer consumer credit in each country. Credit firms have strict rules that they must follow in order that they are legally allowed to transfer money to consumers. These laws are in place to protect consumers becoming trapped in a money transfer they can never pay off.

Be sure that Starling Bank is fully licenced as a money transfer company.

Starling Bank review
Starling Bank Payment Services Regulations and Starling Bank

The Payment Services Regulations Directive, is run by the European Commission in order to govern payment services and their providers across the European Union as well as the European Economic Area.

One of its goals has been to make foreign currency transactions transparent, much like currency payments. This is to protect consumers and businesses from being swindled.

What is the Financial Conduct Authority?

The FCA is a control body meant to license money transfer companies. Companies such as banks, Forex brokers, and money transfer operators are monitored the most. This is because they deal in situations that involve many intricacies, such as transferring money and offering loans, etc.

All reputable money transfer businesses that operate within the United Kingdom by law have to be registered and authorised as a payment institution by the Financial Conduct Authority (FCA) to comply with the Payment Services Regulations that were introduced in 2017.

Check Starling Bank is financially regulated. Starling Bank is regulated by the Financial Conduct Authority (FCA).

This makes sure that your Money Transfer agreement is above board and safe. In Addition, it Usually Means that Starling Bank Possess a responsibility of care to their clients.

Is Starling Bank Registered as a Money Service Business with HM Revenue & Customs

Financial institutions (which do not classify as banks) which convert and transmit money like Starling Bank are known as Money Service Businesses. While they provide services similar to banks, they are still not considered banks. They offer more varied product options to individuals looking to transmit or convert money.

Financial authorities tend to keep tabs on Starling Bank and other Money Service Businesses the most because the type of services they offer can leave them vulnerable to be used in financial crimes like money laundering. This is why it is crucial for them to be registered with the HM Revenue and Customs in the United Kingdom.

Starling Bank Segregation of Client Funds

Starling Bank as part of their regulation are required to segregate client funds from Starling Bank company funds and keep all client funds within a bank that is authorised as a credit institution by the regulator. All client funds should be kept in the most reputable third-party financial institutions such as Barclays or the Bank of America.

Starling Bank regulatory requirements mean that Starling Bank Money Transfer funds and your funds should be totally separate. Starling Bank cannot use any money that is still legally yours to conduct Starling Bank daily business like paying Starling Bank suppliers and costs. Your funds should be kept by Starling Bank in a segregated bank account.

Starling Bank Regulation Checklist

  • Check whether Starling Bank has authorisation to offer consumer credit
  • Check the type of activities that Starling Bank are allowed to conduct with their authorisation
  • Check the contact details, trading names and main business of Starling Bank list on their website and the regulator match.

Starling Bank Fraud Prevention Features

Fraud prevention is highly crucial when transferring money because once the money is gone, it's gone. Scammers most often gravitate towards money transfers. Lack of fraud prevention procedures can lead to loss of funds, or even identity theft.

Starling Bank goes to great lengths to protect your Starling Bank account from fraudulent use. We explain some of Starling Bank anti-fraud features below:

  1. Starling Bank has SSL encryption that protects the customer's private information.
  2. Starling Bank has cutting edge technology that monitors almost everything i.e. from logins to transactions.
  3. The Starling Bank platform has a bespoke monitoring system that helps to detect and prevents fraud.

Automated Transaction Confirmations

Having instant notifications turned on is not only convenient because the user is instantly alerted whenever there is a payment related activity on their Starling Bank account, as you are instantly aware of every Starling Bank transaction these notifications to your phone help you to keep tabs on any suspicious activity.

After conducting a transaction with Starling Bank, the Starling Bank accounts primary contact will receive a transaction confirmation confirming the transaction amount, rate exchange applied, and Starling Bank delivery instructions.

Starling Bank Monitors Your Account for Suspicious Transactions

Starling Bank has systems and controls in place to detect fraudulent activity and protect Starling Bank client accounts from misuse. If Starling Bank detect a questionable transaction on your Starling Bank account, Starling Bank will contact you to verify the transactions legitimacy to ensure your Starling Bank funds are safe.

How Does Starling Bank Make Money?

Starling Bank and other money transfer companies often charge their customers a certain amount of interest fees on every transaction made. The fees depend on the amount of money the customer wishes to transfer. Starling Bank also earn money via foreign exchange rates.

Money transfer companies like Starling Bank and banks need to survive, so they make money on interest from accounts and money transfers.

Starling Bank Frequently Asked Questions

We list some of the most frequently asked Starling Bank questions below.

Is there a limit to how much I can transfer with Starling Bank?

You can transfer up to 25000 GBP/day at a time.

When will I receive my Starling Bank transfer?

It normally takes 3-5 business days.

Is it possible to cancel my Starling Bank transaction?

If you need to cancel your transaction due to any reason, kindly contact us on this number 0207 930 4450.

How old do you have to be to sign up to a Starling Bank account

To signup to a Starling Bank account you will need to be at least 18 years old.

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Is Starling Bank a Scam?

Starling Bank have been in operation since 2014 and have over 2500000 customers and 1245 employees. Starling Bank is not a scam.

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Sending money online with Starling Bank

Sending money with Starling Bank is a single process once you have registered and verified your Starling Bank account and payment methods.

  1. Go to the Starling Bank website
  2. If you have a Starling Bank account you can log in, otherwise you will need to create a new account.
  3. Decide how much you would like to send and where you want to send it to.
  4. Enter all the required information about the beneficiary, this might include their name, address, bank account details, and other personal data.
  5. Tell Starling Bank how the beneficiary wants to get their money. Eg. through a bank transfer, cash pickup, or via some other means.
  6. Agree to the Starling Bank exchange rate and any fees.
  7. Pay for your Starling Bank transfer.
  8. Enter your information and provide and supporting documentation to verify your identity.

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How do I receive money from a Starling Bank money transfer?

Depending on where you are located, you have a few options for how you can receive any money that has been sent to your Starling Bank account. Your options for receiving money depend on the information entered by the sender, the country you are in, the currency you are receiving, and some other factors. Some methods of receiving money may not be available to you.

Receive Starling Bank money directly into a bank account

Bank transfers are useful because not only are they safe, but the whole process is quick, and they offer the kind of flexibility no other method can. Starling Bank allows for a deposit directly into your bank, credit union or other financial account.

Starling Bank Cash Pickup

Some money transfer companies have agents around the world, and you will need to take identity documents to receive cash. Money is typically available within ten minutes of being sent. Starling Bank allows you to pick up money in person at a Starling Bank agent location.

Starling Bank Smart Money and mobile wallets

A mobile wallet virtually stores cash card details on a smartphone. These are quite convenient as they allow for users to make purchases at physical stores without needing to carry money.

Starling Bank Does not support mobile wallets.

Starling Bank Home delivery

It is a way for an individual to receive money without having to leave home. What this means is that any money you send can be received in person at a designated home address. The money is delivered by a local agent. Starling Bank do not offer home delivery money transfers.

When was Starling Bank founded?

Starling Bank was founded in 2014.

Is Starling Bank Any Good?

Starling Bank have a rating of 3 and are financially regulated, Starling Bank can be considered a good money transfer company.

Is it easy to close my Starling Bank account?

Its is easy to close you Starling Bank account. You will have to make sure any outstanding payments and fees due to Starling Bank are paid in full Before Starling Bank will fully close your account. Make sure when closing your account Starling Bank send you an official confirmation that your account is closed and no more monies are due to Starling Bank.

Does it take long to setup a Starling Bank account?

No, setting up a Starling Bank account can take a few minutes. You will need to provide some proof of identity and address. You should definitely be able to access all the features of your Starling Bank account in 1-3 days.

Where are Starling Bank based?

Starling Bank are based in London (GB)

Countries where Starling Bank is legal?

Starling Bank is legally allowed to operate in over 37 countries.

How do I track a Starling Bank Money Transfer

You can track a Starling Bank money order by calling Starling Bank or by tracking the order online. Call Starling Bank number on 0207 930 4450. The Starling Bank automated phone system will take a few details and give you a status update. You can go online to the Starling Bank website and check the status of a money transfer at any time.

If you have a Starling Bank online account, log in and view your transaction history; If you do not have an online account, or if you are the receiver of the Starling Bank transaction, use the Starling Bank payment reference number on the Starling Bank website to check the status of the transfer.

Can I cancel my Starling Bank transfer?

The way that you cancel a Starling Bank transfer depends on how you created and sent the Starling Bank money transfer originally.

You may need to contact Starling Bank by phone on 0207 930 4450, through their website at www.starlingbank.com or via email [email protected]. Requests are typically processed within 30 days, and you may be charged a cancellation fee by Starling Bank.

If you made the Starling Bank transfer online, then you should log in, find the transaction in your transaction history and then cancel it on the 'Transaction Details' page. If you do not have a Starling Bank account, use the 'Track a Transfer tool to find the transaction and then cancel it on the Transaction Details page.

Double check the terms and conditions for cancelling a Starling Bank transfer on their website.

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