Starling Bank customers can now organize their salary payments across their account.
The new feature, called ‘Split payment’, allows customers “to decide how much of an inbound payment, such as their salary, to put away and where, including their saving Spaces, joint accounts, additional accounts and Kite cards.”
‘Split payment’ users can “organize inbound payments either by value or percentage.”
Funds are then “organized instantly, with no need to make lots of individual transfers of different amounts to different accounts or Spaces.”
The tool aims “to make money management easier for Starling’s GBP Current Account and Business Current Account holders.”
It joins the bank’s rich features designed “to give people more control over their budget, including Bills manager, virtual cards and the Budgeting planner.”
Helen Bierton, Chief Banking Officer at Starling Bank said:
“Our customers can take their budgeting to the next level with Split payment, and organize their finances in seconds.”
To use the ‘Split payment’ feature, simply “go to your transaction feed in the app by swiping up on the homescreen.”
Select an incoming payment “that you’ve received within the last 3 days.”
As noted in the update shared with CI, there is “no maximum or minimum value that the incoming payment needs to be. Select ‘Split Payment’.” From there, you can “use values or percentages to move money around your accounts.”
As covered, Starling Bank is “a fully-licensed and regulated bank built to give people a fairer, smarter and more human alternative to the banks of the past.”
It reportedly “offers personal, business, joint, euro and dollar current accounts alongside a children’s card.”
Starling also “provides a Software-as-a-Service (SaaS) proposition through its subsidiary Engine, using the proprietary technology platform that it uses to power its own bank. Headquartered in London, the bank has offices in Southampton, Dublin and Cardiff.”