The Post Office have 3 different types of ATM’s, no Starling card words with the purely Link Based ATM’s in some older Post Offices.
A new card won’t change that. However if its a Post Office branded ATM a card change may help, as the chip is slightly different, and Post Office ATM’s connect to the Post Office network.
I didn’t pick up on that, to be honest. Are there any fintechs which do limit free card payments?
To be frank, I thought the optimistic tone of the blogpost got a little too hung up and ranty about bank charges in general towards the end. I was also surprised at the (what I think is) low customer numbers; just 400,000. It’s respectable, but would have expected it to be hitting the million sooner than it will.
In all, I enjoy the different path Starling is taking, and still have over a grand in Goals in the app, ready to be spent.
Yes, that was the most interesting product in the post to me, too. I look forward to seeing the details. A credit card with instant notifications, etc., would be very useful when travelling.
Major difference I can see between the two Monzo are trying make a difference to the unbanked. Starling credit check you to open an account and Monzo only do so only if you apply for credit e.g overdraft.
I owe alot to Monzo given me a chance and im starting to change the way I mange my finances.
I don’t know how these posts are written, but I do feel some light editing would go a long way…
I think it came as a surprise to some that Starling is not all that bothered about customer numbers since they dove into banking as a service. BaaS might also explain how they’re able to finance their services.
If not already I reckon that will be their main product within the business. Once they start offering credit cards on the Starling brand I reckon they will also be avalbile as part of their banking as a service platform.
To me although a great product the Starling consumer and business banking side is mostly a showcase for other businesses as to what their platform can achieve.
tbh I’d only be interested in a credit card from Starling/Monzo if it offered perks/points/cashback.
The ‘budgeting’ facilities and expense tracking stuff that both banks offer isn’t really that much interest to me as most of my discretionary spending goes on a credit card - which is then paid off at the end of the month.
I do this to get the cashback, and I track all my expenses across all accounts externally using my own system.
So if Starling/Monzo did come with a CC, the only benefit it would bring me would be one less account to log in to to extract my transactions from.