Monday, June 24, 2024

Starling supercharges money management tools with ‘Split payment’ feature

Starling Bank customers can now organise 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 organise inbound payments either by value or percentage. Funds are then organised 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 organise 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. 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.

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