Starling Bank Makes Budgeting Easier For Customers

Starling Bank has released a tool that splits payments that come in and figures out immediately where the money should go.

The new feature, called “Split payment,” lets customers decide how much of an incoming payment, like their salary, to put away and where. This includes their saving spaces, joint accounts, extra accounts, and Kite cards.

Users who use split payment can set up incoming payments by value or by percentage. The money is then moved around right away, so you don’t have to send a lot of different amounts to different accounts or Spaces.

The tool is meant to help people who have a GBP Current Account or a Business Current Account with Starling handle their money better.

In February, Starling Bank released its first savings product for small companies. It offers a fixed interest rate of 2.5% for one year on balances of £2,000 or more.

Helen Bierton, chief banking officer at Starling Bank says: “Our customers can take their budgeting to the next level with Split payment, and organise their finances in seconds.”