Starling Bank Euro Account now available to ALL Starling current account customers - hold, send and receive Euros for free
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Starling Bank Euro Account now available to ALL Starling current account customers - hold, send and receive Euros for free

165
Posted 11th Jun
The Starling Euro bank account has been in beta since February this year, but is being rolled out this week and will be available to all Starling current account customers. You can set up a Euro bank account in the app today. If you have financial commitments overseas, you can now hold, send and receive euros for free with a Starling Euro account. A Starling Euro account maybe of benefit to:

  • Anyone who wants to hold euros in their bank account
  • Someone who gets paid in euros but is based here in the UK
  • People who need to send and receive euro payments
  • European expats who want to send money back home to friends and family
  • UK citizens who have property in Europe

See below info, including a table comparison versus similar providers for a Euro account, as well as more detailed information. Given you need to be a current account holder to setup a Euro account, I have also included info on the standard current account which gets great feedback.





Starling Euro Account comparison

The table below gives a comparison of Starling's Euro account versus competitors. In summary it's currently market leading, with no fees and using the Interbank rate with the added benefit of FSCS protection. From September, they state they will start to charge a 0.4% currency conversion fee (free currently), it maybe worth comparing what it would cost you with alternative options including Transferwise and Revolut. However it currently looks the best deal around.


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Starling Euro account

All Starling current account customers can now set up a Euro bank account in the app, some of the main benefits below

  • No fees - It’s free to hold, send and receive euros with Starling, and there are no monthly fees.
  • Switch between your pound and euro accounts and convert currency between them all in one app. Currency conversion is free until 1st September 2019 where a 0.4% fee will be added.
  • Our euro account is a full current account with its own unique European IBAN
  • Your total Starling deposits are covered to £85,000 or equivalent by the Financial Services Compensation Scheme.
  • As well as sending and receiving euro payments, you’ll also have access to lots of the app’s great money management features (like real-time payment notifications and Goals).

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Starling Bank Current Account Benefits

Below is a reminder of the key benefits of the standard Starling current account

  • Set up is easy and can be done in minutes. The bank card is typically delivered within a week
  • Real-time notifications e.g. spending, ATM withdrawal etc
  • Fee free spending when you travel abroad. Starling Bank does not charge for ATM withdrawals (there may be local charges), you can withdraw up to £300 per day
  • Deposit cash at Post Office branches across the UK
  • Record and categorisation of your spending
  • Eligible deposits are FSCS protected for up to £85,000 and are authorised and regulated by the PRA and FCA
  • Starling Bank pays a 0.5% AER to account balances below £2,000, and 0.25% to those under £85,000. Whilst traditional banks may offer you a better rate on credit balances, am not aware that other fintech banks offer interest on credit balances.
  • Create Goals and round-up purchases to save towards them
  • Nearby payments straight from your phone
  • Settle your IOUs in-app
  • 24/7 UK customer support
  • Trustpilot score of 8.7
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Top comments
Starling is the best thing I ever did bankwise..

One personal account and a joint account with the Mrs for bills. The fact that every transaction I make is shown with a mobile notification and updated in my account immediately showing current funds available even over weekends and bank holidays is the biggest plus for me.

Got sick of first directs very poor mobile banking app delaying updating funds over the weekend making me think i had more than I did available.
Edited by: "moneybanks14" 11th Jun
It's a good bank account for pounds (and you can spend abroad with your debit card with zero fees, a perfect exchange rate is used). You can even use this account for receiving euro payments.

But the new bank account for storing euros? Not so good. The wording is almost as weaselly as Curve's, as they're hiding fees. There's a limited promotion for the next couple of months where there's no fees, but from September there's a 0.4% fee on all transfers. This makes them much more expensive than Revolut, and even more expensive than Transferwise.

You are best off using Starling for a regular sterling bank account to store your pounds (they are like Monzo, but slightly better) and instead of opening a Starling Euro account, use Revolut instead (if you want to keep euros stored) or your Starling sterling debit card (if you just want to spend in Europe with no fees).
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stucam170311/06/2019 07:18

What's better, this or Revolut? Could I choose to have both?


They're both good, and using both is often sensible. I prefer Rev for pre-buying currencies and I've found their withdrawals to be cheaper (but only up to £200) so Starling is a fantastic backup.
Oh, Starling does have great customer service, unlike Revolut.
Edited by: "Edsaid" 11th Jun
165 Comments
Thanks
What's better, this or Revolut? Could I choose to have both?
stucam170311/06/2019 07:18

What's better, this or Revolut? Could I choose to have both?


They're both good, and using both is often sensible. I prefer Rev for pre-buying currencies and I've found their withdrawals to be cheaper (but only up to £200) so Starling is a fantastic backup.
Oh, Starling does have great customer service, unlike Revolut.
Edited by: "Edsaid" 11th Jun
stucam170311/06/2019 07:18

What's better, this or Revolut? Could I choose to have both?


Starling is a bank account and revolut is a prepaid account. You get FSA protection with Starling but you can also go overdrawn ...
I had an email yesterday saying that from 1st September they are going to start charging 0.4% to convert money on the account.
salahwrexham11/06/2019 07:37

Starling is a bank account and revolut is a prepaid account. You get FSA …Starling is a bank account and revolut is a prepaid account. You get FSA protection with Starling but you can also go overdrawn ...


Can you ask for no overdraft?

Edit: seems I already have an account, wonder where my card is! No option to add a euro account for me, just joint or business.
Edited by: "tek-monkey" 11th Jun
tek-monkey11/06/2019 08:18

Can you ask for no overdraft?Edit: seems I already have an account, wonder …Can you ask for no overdraft?Edit: seems I already have an account, wonder where my card is! No option to add a euro account for me, just joint or business.


Have you updated to the latest app version?
stucam170311/06/2019 07:18

What's better, this or Revolut? Could I choose to have both?


If you're genuinely interested then search for one of the more recent starling or revolut threads, they always decend into arguements about which of the 2 is better.
scubamartin11/06/2019 08:14

I had an email yesterday saying that from 1st September they are going to …I had an email yesterday saying that from 1st September they are going to start charging 0.4% to convert money on the account.


Any chance for a screenshot mate? I opened an account with them on Friday to use the card on holiday, but I didn't get the email?
Doesn't give me the option to open it, when I click the option, it says I already have a personal GBP account, and I have option to open a joint or a business account.
Starling is the best thing I ever did bankwise..

One personal account and a joint account with the Mrs for bills. The fact that every transaction I make is shown with a mobile notification and updated in my account immediately showing current funds available even over weekends and bank holidays is the biggest plus for me.

Got sick of first directs very poor mobile banking app delaying updating funds over the weekend making me think i had more than I did available.
Edited by: "moneybanks14" 11th Jun
Transferwise is the Don!!!
I'll stick to Revolut for holding Euros (it's free to convert). I use Starling for my current account. Although I don't bother to hold much of a Euro balance. I prefer to exchange as and when I need it at the interbank rate. You can set alerts in Revolut to let you know when the rate is good, but remember the cash withdrawal restriction of £200.
It is good to save, transfer or receive money in euros... you will not be issued a debit card for the EUROS account.

"highdon 11/06/2019 08:29 - Any chance for a screenshot mate? I opened an account with them on Friday to use the card on holiday, but I didn't get the email?"

I saw it as well on their twitter account, see the replies to the EURO account announcement.

"tohslaed11/06/2019 08:33 - Doesn't give me the option to open it, when I click the option, it says I already have a personal GBP account, and I have option to open a joint or a business account."

I have the same problem, I didn't get yesterday's update. My app version is from May 31st, 2019 and I don't see the update on the app store. Contact customer services, they might help you out.
Edited by: "Spinal2k" 11th Jun
wrongmark11/06/2019 08:45

I'll stick to Revolut for holding Euros (it's free to convert). I use …I'll stick to Revolut for holding Euros (it's free to convert). I use Starling for my current account. Although I don't bother to hold much of a Euro balance. I prefer to exchange as and when I need it at the interbank rate. You can set alerts in Revolut to let you know when the rate is good, but remember the cash withdrawal restriction of £200.


It works fine when it works. I was in Ireland last week and no bank ATM would accept my Revolut Card, though purchases in stores was ok. I had over €400 on it. I had to use my Debit Card to get cash.
It's a good bank account for pounds (and you can spend abroad with your debit card with zero fees, a perfect exchange rate is used). You can even use this account for receiving euro payments.

But the new bank account for storing euros? Not so good. The wording is almost as weaselly as Curve's, as they're hiding fees. There's a limited promotion for the next couple of months where there's no fees, but from September there's a 0.4% fee on all transfers. This makes them much more expensive than Revolut, and even more expensive than Transferwise.

You are best off using Starling for a regular sterling bank account to store your pounds (they are like Monzo, but slightly better) and instead of opening a Starling Euro account, use Revolut instead (if you want to keep euros stored) or your Starling sterling debit card (if you just want to spend in Europe with no fees).
37834511-xT5Yf.jpg
scubamartin11/06/2019 09:18

[Image]


Oh, so it's only for the Euro account then. I was worried they would start charing on the current account. Thanks buddy.
BILL51711/06/2019 08:35

Transferwise is the Don!!!


True. TransferWise is much better than Starling, Revolut, Monzo and the likes.
Edited by: "tiktoktik" 11th Jun
New to this notion so sorry if this is a daft question, but, if I had this euro account, living in the UK and received a cheque in euros, can I pay it in?
Interesting, just applied for one of these last night and thought Euro accounts were standard
BILL51711/06/2019 08:35

Transferwise is the Don!!!


Transferwise is awesome for sending money between foreign accounts, agreed! But if you need to spend money abroad without the high transaction fees then the likes of Starling and Revolut are handy to have.

I only applied for Starling to pay in foreign currency (i.e. Indonesian Rupiah )

Edit: my mistake - didn’t even know TW had an bank/card account equivalent! But does it work with Indonesian PSN haha
Edited by: "roshambo" 11th Jun
roshambo11/06/2019 09:47

Transferwise is awesome for sending money between foreign accounts, …Transferwise is awesome for sending money between foreign accounts, agreed! But if you need to spend money abroad without the high transaction fees then the likes of Starling and Revolut are handy to have. I only applied for Starling to pay in foreign currency (i.e. Indonesian Rupiah )Edit: my mistake - didn’t even know TW had an bank/card account equivalent! But does it work with Indonesian PSN haha

I have 4 Monzo Revolut, Metro and Starling. I agree ofcourse.
Also tell me more about this Indonesian PSN trick please
BILL51711/06/2019 09:51

I have 4 Monzo Revolut, Metro and Starling. I agree ofcourse. Also tell me …I have 4 Monzo Revolut, Metro and Starling. I agree ofcourse. Also tell me more about this Indonesian PSN trick please


You basically set up an Indonesian PSN account to buy games cheaper. All is explained in the deal with Days of Play offers:

hotukdeals.com/dea…441
highdon11/06/2019 09:54

You basically set up an Indonesian PSN account to buy games cheaper. All …You basically set up an Indonesian PSN account to buy games cheaper. All is explained in the deal with Days of Play offers:https://www.hotukdeals.com/deals/days-of-play-offers-at-playstation-psn-indonesia-from-7th-june-12-months-ps-plus-ps-1320-days-gone-3458-spider-man-1699-3238441


Thank you 😘
myth12311/06/2019 08:24

Have you updated to the latest app version?


Last updated 31 May, no update for me? The link on the app mentions a euro account, but it doesn't let me open one when I click through.

Not that it matters TBH. I'll still use revolut and this in tandem (and maybe monzo). Need to sort it out actually, I'm away in 10 days.
No doubt they'll send out another identical looking debit card. Annoying enough that my joint and current starling accounts have identical cards... I keep spending on the wrong one.
neon8511/06/2019 10:14

No doubt they'll send out another identical looking debit card. Annoying …No doubt they'll send out another identical looking debit card. Annoying enough that my joint and current starling accounts have identical cards... I keep spending on the wrong one.


Same here, message customer service to get the message over to them. I couldn't find anywhere to offer feedback, even the Starling forums have been shut down.
tohslaed11/06/2019 08:33

Doesn't give me the option to open it, when I click the option, it says I …Doesn't give me the option to open it, when I click the option, it says I already have a personal GBP account, and I have option to open a joint or a business account.


i have the same that problem as your's , it seems google doesnt update to the latest version , i was talking to them and they said there is update , but some how i cant get that from google play , the latest version that i can download from google is 0.78.0.31070
Comments on the previous Starling deal here
Anon3211/06/2019 12:01

Comments on the previous Starling deal here


The relevance being?
So is there any problem receving a euro salary payment if I decipher the account and sort code from the euro iban and provide that to an employer in Europe?
Edited by: "dewonderful" 11th Jun
Great bank I have an account with them but can't bring myself to use them for main bank account. Maybe one day.
highdon11/06/2019 08:29

Any chance for a screenshot mate? I opened an account with them on Friday …Any chance for a screenshot mate? I opened an account with them on Friday to use the card on holiday, but I didn't get the email?


dewonderful11/06/2019 12:45

So is there any problem receving a euro salary payment if I decipher the …So is there any problem receving a euro salary payment if I decipher the account and sort code from the euro iban and provide that to an employer in Europe?


As Starling is a UK registered bank, your European empoyer's bank may recognise this as an international payment. If it does then either your employer may be charged a fee on top of the transfer or the fee will be deducted from the transfered money resulting in you receiving less money to your account.
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Here you go
Starling will charge 0.4% for coversion from gbp to euros from 1st september onwards but receiving and holding it is free
Edited by: "unkypoo" 11th Jun
Is there a monthly fee for having Starling current account?

Do they require ID?
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