Is Starling bank better than Revolut?

Starling is a clear winner again as it has no fees or limits for spending, changing, or withdrawing money abroad. Revolut’s free account is missing all of the features that the Metal account has, such as overseas medical insurance, car hire excess, free lounge access, or delayed baggage and flight insurance.

Is my money safe with Starling bank?

That said, Starling is backed by the FSCS, so deposits are protected up to £85,000. In the app, Starling has a few key features to keep your card secure. Under ‘Card Controls’, you can allow or ban ATM withdrawals, online or mobile payments, magstripe payments, or gambling transactions.

Can I trust Monzo with my money?

Your money’s protected It covers companies that have been authorised by the UK regulators, the Financial Conduct Authority (FCA) or the Prudential Regulation Authority (PRA). We keep most of the money you put in your Monzo accounts in central banks, and lend out a portion of it as overdrafts and loans.

What is the difference between Monzo and Starling?

Starling pays interest on your whole balance, rather than just on your savings as Monzo offers, and integrates with more payment features than Monzo such as Fitbit Pay and offering pay-in at Post Offices anywhere in the UK. My preference, for all those reasons, is unwaveringly towards Starling Bank.

What’s the difference between Monzo and Revolut?

Monzo is a more fully-featured bank account, whereas Revolut functions as a prepaid debit card that lets you make payments in many different currencies and has some additional financial services.

Is Monzo bank in trouble?

The UK’s financial watchdog has said it is investigating digital bank Monzo over potential breaches of anti-money laundering and financial crime rules. Last year, hundreds of Monzo customers complained that their accounts has been closed or frozen without explanation.

Are Starling bank any good?

Starling Bank Customer Reviews Starling Bank uses Trustpilot for its customer reviews and displays them on its website. It has 4.3 out of 5.0 stars based on more than 24,000 reviews and is rated as ‘Excellent’. Most users like the budgeting tools and free international transfers and withdrawals.

What banks are like Monzo?

Monzo Bank’s top competitors include Monese, Revolut, Atom Bank, Tandem and Starling Bank.

What’s better Monzo or N26?

Both offer good savings rates, with Monese offering up to 1.63 percent and N26 offering up to 1.48 percent. Monzo provides an overdraft at a cost of 50 pence per day in the UK, while N26 also offers an overdraft to German and Austrian users, charged at 8.9 percent annual interest.