What’s your favourite Starling app feature? We asked our social media followers and here are the ones that came up most often:
1. Saving Spaces
One feature that our customers love is saving Spaces. It’s a sort of virtual saving jar that enables you to set money aside from your main balance, for example for a holiday, a bike, rent or bills. As Ethan, a Starling customer, says: “It’s saved me from opening countless savings accounts elsewhere.” He’s currently saving for a new computer and setting aside money for a house deposit.
With the saving Spaces feature, you can name each of your saving goals, choose a target amount, and add a photo for inspiration, all within the Starling current account. You can also switch on Round Ups, a feature that will round each purchase up to the nearest pound and add the spare change to a saving Space of your choice. “I use the Round Up feature on my Space to save up for a house deposit,” says Ethan.
The money in your saving Spaces can’t be spent unless you move it back to your main account and isn’t counted in the balance on the app home screen.
Some customers use Spaces to help them budget, creating virtual envelopes for different goals. “It’s especially useful for wedding budgeting,” says Matthew. For example, you could use Spaces to ring-fence funds for the venue or catering.