I kind of do this already - I have round-ups turned on but sometimes I move money around and end up with an odd few pence in my main balance so I’ll move that over to the same Space as round-ups. I’d prefer an automated daily process that could run at midnight and take the pence (or pounds if that’s that I want) and move that over.
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Good to see something new in the app but I don’t think I’ll be using this one
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I need the opposite of this, something to stop me checking my bank account balances so often 
it’s kinda a fixation…
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If only I was allowed back to Starling!
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I was going to say that seems pointless. But it’s actually the second digit after the point.
If they just did it automatically every day just before midnight, it might be worthwhile. The most you’re in for is £2.79 a month if my maths are correct so it’s not going to break the bank.
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You could also add round ups into the folder, if that’s possible. It would boost it further.
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I’ve just seen them pushing this new ‘feature’ all over LinkedIn.
If it was genuinely a ‘sweep the pennies’ daily feature into a space, that would actually be pretty sweet.
Right now it’s just ‘look at your balance and move it yourself’ which feels a bit legacy bank product feature.
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It would make sense to just sweep it automatically.
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I looked into last digit sweep and it’s not specifically pence, it’s the last digit in your balance.
So for example £1567, £7 would be the last digit and would be moved over.
Or £2345.30, then in theory £0.30p would be moved over.
The aim is to get people to check their balances.
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Ooh no, last digit is zero so it shouldn’t move anything
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Is anyone else’s home tab no longer showing spent today & spent this month? They need to change it back 
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Mine’s changed too. Nice to see them updating the app more often.
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I don’t mind the new layout - you can see what you’ve spent today in the Transactions view but seeing the monthly figure does involve tapping on the Spending tab now.
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I got an email about this today and thought it was this.
Created a space and turns out it’s….just a normal space with a pre templated background and all the effort is on you to do the transfer. I mean, suppose if people are bad with money having a routine of transferring the last digit into the savings might somewhat help build a savings habit - but then you’d need to look at your balance every day
Not for me tbh, I’d prefer an automation that you can opt into. They could even make it ‘engaging’ for users with notifications or popups in the app like “hey you saved £8 last week!”.
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I think the ‘mistake’ that Starling made with this was more about launching this campaign (I’m not calling it a new feature or service in the app) at the same time as the New year of things like the Monzo penny saver kicks off.
I don’t know the thinking behind this but I can see it being one of two things:
-
Bad idea : Other banks have an automated product to help save a little each day and we should do something similar, but can’t spend any resources on developing that, so lets encourage people to do it manually
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Good idea : Let’s have a campaign to encourage people to check their account each day so that they can take action to spot ‘wasted’ spending like subscriptions they don’t use, or things costing a bit more than they thought and start a good habit of putting a little aside often.
Everyone has assumed it was (1) and so are disappointed that it’s not automated. And I suspect a good chunk of this was for them to launch their own response to schemes like the Monzo one (I think at least one other bank also does something similar?).
If it was (2) then maybe, personally, I would’ve held off them launching this campaign to a different time of year - maybe with Lent coming up run it as a 40 day campaign for that which is meant to be a time of reflection and changing bad habits etc.
I have, personally, being doing this (last digit saving) with my Starling account - but instead of using their ‘default space’ for this, I’ve been moving the value into my cash ISA with them instead. I have a fairly unusual setup though where Monzo is my ‘main’ account that pays all my bills and gets my salary and then I transfer a weekly spending budget to Starling so that also helps me just to keep track on if I’m budget for this week, or if I need to cut back to make it through.
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Nationwide do a similar roundups function, which shows a prompt at the top of your accounts feed to save x amount to a saver account based on completed transactions.
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Starling accepting previous customers back yet?
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Nope.
I did email their privacy team and ask for a manual/human review as it could be an automated check causing the rejection.
They’ve not replied since 29th December which gives them another 6 days before I fire a complaint off (yes, I’ll be petty)
Edit: it states in their privacy policy or somewhere you can ask for a human review - so that’s what I did.
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Speaking of Starling and mistakes, it’s been 4 months since they announced changes to the Easy Saver product that have yet to materialise, meanwhile they’ve released the questionable ‘last digit widget’ that nobody asked for, as well as a minor tweak to the home tab.
The Easy Saver could have been a separate account from the beginning, with its own sort code & account number with Spaces built in, and scheduled deposits/withdrawals. It was launched (over a year ago) as the Easy Saver Savings Account but was half-baked and limited to a Space.
New logo suggestion via ChatGPT:
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I disagree, given these are finite.
Products can be implemented and built without the above, which makes it more financially viable for the business, and all movements simplified through the Starling account feed as has always been (and preferred imo).
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