Starling Bank Chat (Part 2)

If Revolut are so wonderful, why not just use them as your main bank :grinning_face:

Revolut are ok, I wouldn’t go that far.

I have many times but I like to try others too.

Nothing wrong with revolut and their success will pee all over monzo as it already is.

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How many accounts do they have in the UK vs monzo?

Think it’s 11/12million, similar to monzo.

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Just googled, 10 million approx vs monzo with 12 million.

Just gone back to starling as I don’t have to pay for certain pay features behind a wall. Don’t trust revolt to use my money as a main bank.

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What’s paywalled in Revolut that isn’t in starling?

I suspect gallifreyangirl is talking about 2 different banks. So, moved to Starling so that you don’t have to pay for certain features (such as virtual cards) and chose Starling over Revolut as they don’t trust Revolut.

I do have a few ‘trust’ issues with Revolut with their support for Crypto to be honest and that would probably also hold me back from using them as a main bank.

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@qwango_uk got my message in one starling for non wall features compared to Monzo and don’t trust Revolut with my wages and dds.

They definitely have more than that.

Starling (and Revolut) is less lonely now!
(I don’t dare post this in Monzo chat, don’t want to be banned from this forum..)

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We’ll see more reports about frozen & closed accounts soon, especially on Fb pages as

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Wonder if this means that they’ll have to stop opening accounts for a while as Starling has had to do?

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Don’t worry, gt94sss2 has already posted it there.

Don’t worry, gt94sss2 has already posted it there

Hahaha saw it. But I slightly (11:20) beat him to it (11:29) !

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Looks like re-joining yesterday may have been good timing :laughing:

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I don’t think so - with the Monzo scandal it was happening 2018 to 2020. There’s been a 3 year inquiry into this by the FCA and they’ve not suggested there’s been any further issues since 2020.

Whereas with Starling (much as I actually do prefer them and would like to see them succeed and expand) I believe the FCA first investigated them, found they were not following best practice, asked them to fix it and then 2 years later in 2023 were still finding cases of them not complying with the relevant checks so they then threw the book at them and hit them with the biggest hammer…

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It went up to 2022, not 2020.

“Alongside the independent review, the FCA imposed a requirement preventing Monzo from opening new accounts for high-risk customers. However, between August 2020 and June 2022, it repeatedly failed to comply with the terms of the requirement, including signing up over 34,000 high-risk customers.”

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Are these the ones they opened prominent landmarks as the address :joy::joy:

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Yeah, including Downing Street, Buckingham palace, and their own office…

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