In my search for the best app-based bank, I’ve compared Revolut and Starling Bank closely. Starling shines with 210,000 UK customers and very few complaints on Trustpilot. Since April, fewer than 30 issues reached the Financial Ombudsman1. Revolut, though, has an impressive 35 million customers worldwide but has seen about 80 complaints21. Despite this, both offer modern banking options. Starling even provides FSCS protection, something Revolut misses21.
This Starling bank review covers unique features such as easy Post Office deposits. It also highlights accounts tailored to a variety of users1. On the flip side, Revolut stands out with its ability to handle 80 currencies. It offers up to 4.75% interest for Ultra account holders. Their tools for budgeting are also quite remarkable2.
Choosing between Starling and Revolut depends on what you value in digital banking. My guide on Starling Bank vs Revolut helps pinpoint the details you need. It’s designed to help you make a decision that fits your needs.
Digging Deep into Account Options and Features
Looking at Starling and its rivals, it’s clear Starling Bank excels with a wide range of accounts. They offer personal, business, and euro accounts that meet various financial needs. These options set them apart from apps like Revolut. But, Revolut is great for users needing multi-currency support, despite some fees3.
For anyone wanting a joint account, Starling is the way to go. Unlike Revolut, they provide this option3. Both platforms have accounts for young users. However, Starling doesn’t charge them, while Revolut uses a paid model3.
Starling stands out by offering interest on personal accounts, a feature missing in Revolut43. They give 0.5% on balances up to £2,000 and 0.25% after that. For savers, Starling’s interest rates are competitive, while Revolut offers high-interest savings across its plans3.
In the digital banking world, safety is key. Starling Bank offers peace of mind with FSCS protection. This advantage places it ahead of Revolut, which lacks a banking license3. Here’s a summary of their differences in features, user experience, and functionality.
| Feature | Starling Bank | Revolut |
|---|---|---|
| Account Types | Personal, Business, Euro | Personal, Business, Multi-currency |
| Joint Accounts | Available | Not Available |
| Interest Rates (Personal Accounts) | 0.5% up to £2,000, 0.25% above4 | Not Available |
| Minor Accounts | Free | Tiered Plans |
| Protection | FSCS Protection | E-money Institution |
Starling Bank also leads with 24/7 customer service and instant updates. These features help build trust with users3. Its app helps you categorize transactions and save money efficiently with the “Spaces” feature3.
In summary, comparing Starling and Revolut shows both have strong points3. Starling wins in account diversity and earning interest. Revolut is better for handling multiple currencies. This shows each app meets different digital banking needs.
Guide to Starling Bank vs Revolut: Deciphering Fees and Charges
Exploring digital banking, we see a key difference between Starling Bank and Revolut. Starling Bank shines with a no-fee policy for everyday banking. This means you can withdraw cash from ATMs worldwide without extra fees5. Revolut, meanwhile, begins charging after reaching certain limits. Starling uses Mastercard’s network, allowing competitive rates for foreign transactions. Revolut gives good rates too but adds weekend fees, which may upset your budget.
Starling Bank is upfront about fees for sending money abroad. They only charge a 0.4% fee and small delivery fees starting at 30p5. Revolut’s fees change based on the plan you pick. Starling stands out by not adding fees for foreign purchases. This makes spending overseas more affordable and matches what people want to know about “starling vs revolut exchange rates”6.
On customer satisfaction, Starling Bank scores high with a rating of 9.3/10. This shows they meet the needs of their two million customers5. If you’re looking at “starling vs revolut fees,” note that Starling’s interest rates are attractive, up to 3.25% for balances under £5,000. For businesses, Starling also offers low fees on international transfers in numerous currencies5. These facts highlight that Starling may be the better choice for avoiding unexpected fees.
Source Links
- https://www.thisismoney.co.uk/money/news/article-6080099/Are-Monzo-Revolut-Starling-Transferwise-safe-bank-with.html
- https://www.forbes.com/uk/advisor/banking/revolut-review/
- https://www.monito.com/en/wiki/starling-bank-card-review
- https://www.thisismoney.co.uk/money/saving/article-5353975/Battle-smartphone-current-accounts-Monzo-compared.html
- https://www.monito.com/en/send-money-with/starling-bank
- https://www.moneytothemasses.com/banking/starling-bank-review-the-best-place-to-put-your-money
