What is Starling Bank Statement
Starling Bank Statement is a Starling Bank digital banking service. It allows users to view real-time bank statements, transactions, and balances. It also provides budgeting tools, savings objectives, and 24/7 customer assistance. Customers can also select whether to get their statements on print or digitally.
Starling Bank is the UK’s first mobile-only bank. The Prudential Regulation Authority has authorised the company and the Financial Conduct Authority has regulated it. Starling Bank provides high-interest checking and savings accounts, business accounts, personal loans, and mortgages. Its app makes it easy for clients to manage their finances.
Background of Starling Bank
Starling Bank is a virtual bank that aims to give consumers a mobile-first banking experience. Starling was launched in 2014 by Anne Boden with the goal of creating a better banking experience via the use of technology. Customers can now open a fully functional current account in only a few minutes thanks to the May 2017 launch of the Starling Bank app. It is a participant in the Financial Services Compensation Scheme as well as the Financial Ombudsman Service.
The first mobile banking app from Starling Bank has been released, enabling users to open and manage current accounts, send and receive payments, pay bills, and set up standing orders. With strong security measures to safeguard customer data and financial information, the organisation is dedicated to offering a safe and secure banking service.
Starling Bank Issues First Ever Digital Statement
Starling Bank is a digital-only bank that provides current accounts, savings accounts, and business banking services. Customers may access their accounts via the Starling mobile app or website, as the banking service is entirely digital. Budgeting tools, direct debits, standing orders, and other features are available through the service.
Features of Starling Bank Statement
- Real-time balance updates: Your balance is immediately updated in real-time whenever you make a purchase or transfer money.
- Transaction history: Each purchase or transfer is recorded in your Starling Bank account and is freely accessible at any time.
- Detailed spending analysis: With Starling Bank’s spending analysis function, you may have a deeper knowledge of how you spend your money. It categorises your expenditures so you can simply see how much you’re spending on each sort of expense.
- Bill payments and direct debits: You may set up direct debits and standing orders to pay your bills and send money to friends and family.
- Security features: To assist protect your money, Starling Bank offers a variety of security measures, such as two-factor authentication and secure banking methods.
Benefits of Starling Bank Statement
- Automated categorization: Starling Bank categorises your expenditure for you, allowing you to readily see where your money is going.
- Simple budgeting: Use Starling Bank’s budgeting capabilities to set budgeting objectives and track your success.
- Get instant notifications when you make a purchase so you can keep track of your spending in real time.
- Use money management tools to maintain tabs on your funds, establish savings objectives, and remember to pay expenses that are due soon.
- Fraud defence: The fraud defence tools provided by Starling Bank assist shield your money from fraudulent activities.
- 24/7 customer support: Reach out to the staff at any time for assistance with any banking-related inquiries.
- Accessibility: You may access your accounts from any location at any time by using the mobile app.
How to Access and Use Starling Bank Statement
- Open the Starling Bank mobile app.
- At the bottom of the screen, click the “Statements” tab.
- Decide which account you want to see.
- Look over and choose the statement period you want to see.
- You may access your period’s transactions on the statement page.
- Tap the transaction in question to see additional information about it.
- You may also see transactions by category or perform a keyword search using the “Filter” options.
- Tap the “Save” button in the upper right corner of your statement to save it as a PDF.
Fees and Charges of Starling Bank Statement
Starling Bank does not charge any fees on its everyday current account.
However, they do charge some fees and charges on certain services and activities. These are as follows:
- International Payments: Starling Bank charges a nominal fee for international payments in Europe and non-European countries.
- Account Closure: If you close your account within 6 months of opening, Starling Bank will charge a £10 fee.
- Card Replacement: If you need to replace your card, Starling Bank will charge £5.
- Direct Debits: Starling Bank charges a fee of 50p for each Direct Debit transaction.
- Overdrafts: Starling Bank offers an overdraft facility but charges a daily overdraft fee of 50p.
- Cash Withdrawals: Starling Bank does not charge any fee for cash withdrawals from ATMs in the UK. However, for overseas cash withdrawals, Starling Bank charges a fee of 2% of the amount withdrawn.
Starling Bank Statement: A Revolutionary Way to Manage Financials
A Starling Bank statement, in its final analysis, presents a summary of all of your bank account activities for a specific time period. It contains an overview of all of your deposits, withdrawals, transfers, and fees for the given time frame. Your most recent balance and any unpaid charges or payments are also included in the statement. You can track your spending and create a budget with the aid of a Starling Bank statement, which may also help you spot any possible fraud.
Say Goodbye to Paper Statements: Starling Bank Statement is Here
In the end, a Starling Bank statement provides an overview of all of your bank account actions for a certain time period. A summary of all of your deposits, withdrawals, transfers, and fees for the specified time period are included. The statement also contains your most current balance and any outstanding charges or payments. With the use of a Starling Bank statement, you may keep track of your spending and make a budget; this may also enable you to detect any potential fraud.
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