Account interest

Our current rate on positive account balances is 0.5% AER on balances up to £2,000 and

0.25% AER on balances above £2,000, up to £85,000.

Overdraft Interest

If you do have an overdraft with us, we charge 15% EAR – this is the actual rate you will pay (we may update rates from time to time).

We understand that everyone can slip up from time to time when it comes to overdrafts, so If your total overdraft interest charges are less than 10p at the end of any given month, we will waive your interest charge for that month. We’ll always notify you if you need to add money to your account.

If you use an overdraft with Starling, overdraft interest is also calculated on a daily basis. We will tell you at the end of the month how much interest on your overdraft has been calculated for that month and it will come out of your account on the 15th of the following month. When you are offered an overdraft you will be advised of your personal overdraft rate.

Know your AER from your EAR:

Equivalent Annual Rate (EAR): a representative interest rate that shows what you would pay if you go into your overdraft and remain overdrawn for a year. Interest is accrued daily, charged monthly and it’s all updated in your app.

Annual Equivalent Rate (AER): the rate of interest a saver will receive over a year assuming the credit balance is left in the account for the full year.

Interest and tax

Starling pays interest on your account without deduction of tax. If you’re a UK basic-rate taxpayer, up to £1,000 of interest on your savings income is tax-free each year and if you’re a higher rate taxpayer, up to £500 is tax-free. This is known as your Personal Savings Allowance (PSA) and applies across all your bank and building society accounts (except ISAs), not just Starling.

If you earn more in interest than your PSA, you’ll need to make sure you pay the tax that’s due to HMRC (or other tax authority). Go to to find out how to do this.

No monthly account fees

When you have an account with us we will not charge you a monthly account fee.

Adding money to your account

It’s free to add money to your account in the following ways:

For transfers from overseas accounts, the originator of the payment may have instructed their bank to deduct fees from the transferred amount or charge you an additional fee. For transfers which you receive in Euros, generally we will convert your money into £ sterling at Starling’s daily conversion rate.

We will not charge you a fee for Starling’s services.

Making payments

It’s free to make payments from your Starling £ account in the following ways:

Making foreign currency transfers

When you make a foreign currency transfer within our app to another bank account via our currency service, you will see the exchange rate that will be used plus the proposed fee to be charged, before you make your transaction.

ATM Withdrawals

It’s free to withdraw £ from an ATM in the UK.

It’s free to withdraw cash from an ATM outside the UK, we will use MasterCard foreign exchange rates.

Starling will not charge a fee to withdraw foreign currency from an ATM in the UK, but you may be charged by the ATM provider.

Using your card

Debit card payments at a point of sale or online to UK merchants are free.

MasterCard foreign exchange rates will apply for transactions outside the UK or online in foreign currency.

When you are purchasing something from a non-UK merchant (physical or on-line) or ATM and you choose to transact in £ at the point of sale, the merchant / ATM determines the foreign exchange rate and may apply fees.

Using your Overdraft (if applicable)

If you are overdrawn beyond your agreed overdraft limit we will not charge you a fee.

Additional Services

When you receive a replacement card from us at your request as your original card has been lost or stolen we will not charge you a fee.

When we decline a payment (e.g. direct debits and standing orders) from your account because there is insufficient money in your account we will not charge you a fee.