To worry that the bank will not like it if I switch to Starling?

[Bankingswitch]

I want to try Starling banking As it looks so user-friendly and should help me get to grips with my finances.

I have my mortgage and a loan with one of the High Street banks.

I want to keep that going but get wages and all transactions done in the new Starling account.

A friend told me banks do not like it if you do not Use them to pay in your earnings and for transactions.

I do not really understand any of this and that is why I was trying to make my life easier by trying Starling in the first place.

Would welcome your advice thank you.

Some bank accounts carry terms, such as having to pay in a certain amount or have a minimum number of direct debits paid out. I have my salary paid into one account and have two direct debits (the minimum) paid out of it. I then transfer the rest of my salary, minus the value of the two DDs, into another account. I prefer using the second bank account as their website etc is better, but there are some perks of the first account which is why I carry on using that too.

Is there anything in either your loan or mortgage agreement that states you have to maintain a current account with them? If not, feel free to switch

In the nicest possible way, your friend is talking bollocks. Of course banks 'don't like' losing customers but you're not compelled to use their services and it will have zero impact on your mortgage or loan if you get a Starling account.

I have half a dozen current accounts and a similar number of credit cards, switched about many times over the years and used to suit my purposes and none of these have affected my mortgage which has been unchanged in the last 15 years because it is virtually interest free.

I don't think banks like or dislike the behaviour of their customers. As long as you are making the mortgage payments, it's all ok.

I have my mortgage with one bank, my current account with another, an ISA with a third. You are free to organise your finances however you like.

The bank won't care so long as you make your mortgage payment and loan payment

I switched to starling last year and would never go back to a traditional bank

Thank you everyone that is great news I will just check any terms and conditions and forge ahead

Or do it the other way round? I have a current account and a Starling. Salary goes in to current account, bills and standing orders out but I transfer my spending money to Starling at the beginning of each month

@HuaShan

Or do it the other way round? I have a current account and a Starling. Salary goes in to current account, bills and standing orders out but I transfer my spending money to Starling at the beginning of each month

Another good idea thank you for that

@ACautionaryTale

The bank won't care so long as you make your mortgage payment and loan payment

I switched to starling last year and would never go back to a traditional bank

Glad to hear you are enjoying Starling It has taken me ages to join as my passport has just run out and I had to apply for another so it is good to hear it will be all worth it in the long run

Just to say i have starling solo and joint account. THE BEST bank i have ever went with.
Notification pings through for every transaction, when a direct debit is due and notifies you if you dont have enough funds. I love the spaces i can create for savings for birthdays and Christmas.

@HuaShan

Or do it the other way round? I have a current account and a Starling. Salary goes in to current account, bills and standing orders out but I transfer my spending money to Starling at the beginning of each month

This is what I do - that then limits my spends on food, takeaways, clothes etc.

Mortgage with one, salary paid into another, no problem.

@TheWernethWife

Mortgage with one, salary paid into another, no problem.

This is good to hear, thanks

@Tattoocrazymum

Just to say i have starling solo and joint account. THE BEST bank i have ever went with. Notification pings through for every transaction, when a direct debit is due and notifies you if you dont have enough funds. I love the spaces i can create for savings for birthdays and Christmas.

Just what I need. I'm not financially minded at all and looking at statements is just a wall of figures that has very little meaning to me.

Hoping I will be able to save better when I know where it's all going!

Prefer Starling to Monzo as their cards look nicer

I have both a starling and Monzo account, I love them, being able to add money to pots etc,
Freeze card on the spot etc. Go for it OP.

Mortgage certainly they won't care; loan it's slightly possible there might be a requirement to hold an account with them, but that's more likely to be just to get the loan in the first place.

Weve just switched to starling. So much better. Although slightly annoying it gives me and dh a notification of how much was spent and where. No sneaky shopping trips for me

@Chickentraybake

I have both a starling and Monzo account, I love them, being able to add money to pots etc, Freeze card on the spot etc. Go for it OP.

Great!! Going to switch over tomorrow - can't wait

@GrandTheftWalrus

Weve just switched to starling. So much better. Although slightly annoying it gives me and dh a notification of how much was spent and where. No sneaky shopping trips for me

Haha! Yes that could be a problem

I have my salary paid into my old bank account, I leave enough in there to cover my direct debits then transfer the rest to Starling and manage my day to day spending from there.

I love the Starling App - for this first time in my adult life I feel in charge of my finances!

I work for a high street bank OP. Salary is paid to the account I have with them. Mortgage is with another high street bank who I used to work for, it’s on fantastic terms so I wouldn’t change it. It is no issue at all provided the payments are made.

Starling froze and then closed my current account at the beginning of the pandemic /lockdown and donated the balance to charity as they said I needed to reconfirm my ID and I was unable to do so due to it being stolen last October and the Home Office taking 9 months to replace it.

So while I used to think they were great, not so much now.

I turned my notifications off because I have as few as possible on my phone anyway and I don't need to be told that I have just bought a coffee or whatever. I know I have goldfish memory, but even I am aware of what I did 3 seconds ago.

Having said that, I only use mine to pay my pilates teacher these days as the main reasons I had the account - for small personal cash withdrawals and the best possible exchange rate for foreign spending, are somewhat obsolete these days.

@CoffeeandCroissant

Starling froze and then closed my current account at the beginning of the pandemic /lockdown and donated the balance to charity as they said I needed to reconfirm my ID and I was unable to do so due to it being stolen last October and the Home Office taking 9 months to replace it.

So while I used to think they were great, not so much now.

what a nightmare!