UK challenger bank Starling Bank has launched a new online banking option for its personal and joint bank account customers that will enable them to manage their financial from a computer as well as on their smartphones.
The new feature will empower Starling Bank’s customers to view their actual balance and up-to-date list of transactions, gauge their spending, put money aside in towards savings goals and manage card controls as well as viewing and exporting statements.
“Many customers told us they wanted to do their banking online as well as on their smartphones,” said Anne Boden, CEO and founder of Starling Bank. “By making accounts accessible on laptops and desktops, we’re giving them even more flexibility to bank the way that best suits them. As we’re all spending more time at home than usual, it’s important that our customers can manage their money from anywhere they wish at any time.”
The news follow from Starling Bank launching an initiative last week, pledging to plant a new tree for every successful new personal and business customer referral.
The move is similar to a similar initiative launched by Dutch rival bunq, which was set up in 2012. The neobank promised in June that it would plant one new tree in Madagascar for every €100 spent, hopping to have planted one million trees by February 2021.
The news comes after Starling Bank reported that its losses had jumped from £26.9m to £53.6m in the last year. Its two main UK competitors, Revolut and Monzo, had trebled and doubled their losses respectively, raising the question of how much trouble the UK challenger scene is really in.
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