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April 6, 2020

Starling Bank launches mobile cheque deposits feature

By Evie Rusman

Starling Bank has launched a new feature enabling customers to deposit cheques using their mobile phones.

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To use the feature, customers must take a photo of the cheque on their smartphone and then deposit it via the app.

Anne Boden, founder and CEO of Starling, said: “There’s no better time to launch mobile cheque imaging than now. It enables customers to do even more from their smartphone, at home.  With thousands of cheques deposited with us every month, we know this will be a huge help to our customers.”

Cheque imaging will be available to all Starling customers this week with UK personal, joint, sole trader or limited company business accounts.

The service works for all cheques of up to a value of £500. In addition, customers will have the option to use a free postal service to process any cheque or cheques over £500.

Customers must have the latest version of the Starling Bank app in order to access cheque imaging.

Coronavirus support scheme

The new feature comes after Starling introduced a number of measures last month to ease the financial impact of COVID-19. Starling’s Coronavirus Support Scheme offers a three-month overdraft interest holiday for those struggling due to the virus.

The scheme became available to customers on April 1 and will run until June 30. Starling has promised it will not add the interest at the end of the holiday period and will resume interest payments the day after the holiday ends.

Starling customers can apply for an interest holiday, if they:

  • have suffered a drop in income since 10 March 2020 due to coronavirus. For example, work has dried up or they can’t work due to self-isolation or new caring responsibilities and
  • already have an arranged overdraft with Starling

 

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img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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