I’ll clarify: I’m almost certain it’s more coincidence, and I’ll grant that Starling’s implementation is usually better outright. I’m pleasantly surprised by this cash deposit announcement and certainly gives me cause to revisit Starling, especially for recommendations to people who need cash deposits.
Edit: Dare I even say that the closing of the community has taken some heat off them. Though I still would like more transparency, personally.
I don’t disagree; if they get on with being a great bank, which they seem to be doing now, then that’s great. I wouldn’t consider Monzo the solution though as I’m not sure Monzo is a bank. Starling remains my challenger bank choice mainly because of this, whereas Monzo is interesting now but I’m not sure long-term.
Ah, cool! This must be new then, as I’ve paid in a few cheques to Starling and never had this. (Most recent on 5th Oct). This would fix my annoyance of having no way to link the deposit transaction to a specific cheque. (As no pay in slip number).
PayPoint can bring in a new partner in a few weeks, normally it takes them around 3 months, with the Post Office it averages around 8 months for something more indepth like instant deposits or 5 months for something less complicated.
Was responding to what I thought were poor arguments or inappropriate comparisons. But I don’t have much of a need for cash deposits, so don’t personally feel strongly one way or another regarding Monzo’s implementation.
In terms of Starling’s anticipated announcement about PO deposits, it sounds like a great solution, so well done to them! I will probably use it on the odd occasion I need to deposit cash.
The PO need something on the chip to be able to recognise it
I’m surprised they can’t just upgrade the card over the wire with issuer script. Send a push notification to affected users asking them to do a contacted transaction (as far as I know issuer script isn’t supported for contactless) first to upgrade their card and going forwards they should be able to use PO deposits.