Compare Suits Me and Starling Bank

How do Suits Me and Starling Bank compare?

Suits Me and Starling Bank are two prominent mobile banking platforms that have been enhancing banking accessibility through their user-oriented services.

Suits Me is a hassle-free banking option that is designed primarily for individuals who are overlooked by mainstream banks, making banking more inclusive. It aims to provide convenient, fully-functional digital banking solutions with no credit checks, paving the way for those with less than perfect credit score to open an account. Users can enjoy services like automated payments, transfers, cashback rewards at select retailers, while also being able to manage their account through a mobile app or an online banking portal. Suits Me's debit card, which is accepted worldwide, also provides an added layer of financial functionality.

On the other hand, Starling Bank is an award-winning mobile-only bank recognized for its innovative approach to banking. This bank serves a broader demographic, offering personal, business, and joint accounts. Starling comes with features including real-time notifications of spending, instant money transfers, and intuitive savings features, such as 'round up', which automatically saves spare change from transactions. The feature that sets Starling Bank apart is the 'Spaces' feature, allowing customers to segment their money for different purposes. Starling Bank also offers competitive foreign currency rates, making it a suitable choice for frequent travellers or those with international financial requirements.

Both banks are regulated by the Financial Conduct Authority. In terms of security, they provide high-level security measures, including fingerprint and facial recognition.

In comparison, while both banks provide an accessible, inclusive and innovative approach to banking, Suits Me offers a simpler service aimed at those overlooked by mainstream banks, and Starling provides a more comprehensive set of features suited to a wider demographic. Ultimately, the choice between Suits Me and Starling would be dependent on the specific banking needs and lifestyle of the customer.