About this product
Starling is a British digital bank that has been profitable since 2021 and also runs a large business banking arm. Its personal account offers fee-free overseas spending and Post Office cash deposits.
Advantages
- No fees for spending or withdrawing cash abroad
- Cash deposits accepted at Post Office branches
- Spending insights and Spaces for goal-based saving
Things to consider
- App-based account rather than a branch network
- Cash deposits above the £1,000 calendar-year free allowance incur a 0.7% charge
Regulation and protection
Authorised by the Prudential Regulation Authority and regulated by the FCA and PRA. Eligible deposits are protected by the FSCS up to £120,000 per eligible person, per authorised firm. Accounts sharing a banking licence share this limit.