Starling Bank launches cheque scanning

April 06, 2020 | FinTech

Written by FinTech Alliance

Starling Bank launches cheque scanning

Starling Bank has launched a new feature allowing users to deposit cheques.

In Brief:

  • Cheque imaging allows a bank to process a cheque from a photo rather than the real thing.

  • The feature is limited to £500 in value.

  • It’s only available to select users at the moment but will eventually be rolled out across all accounts.

What does this mean?

The ability to deposit cheques remotely will be especially helpful during lockdown. According to AltFi, the imaging feature was due to launch later this year but has been fast tracked due to the pandemic.

Read more here.

 

More in FinTech

US FinTech Affirm prepares IPO at up to $10bn valuation  
FinTech
August 03, 2020

US FinTech Affirm prepares IPO at up to $10bn valuation  

Unicorn Affirm is preparing for an IPO with a valuation of anywhere between $5bn and $10bn, the Wall...

Transferwise reaches $5bn valuation
FinTech
July 30, 2020

Transferwise reaches $5bn valuation

UK FinTech TransferWise is now worth $5bn following a secondary share sale. In Brief: I...

Revolut launches price comparison service in UK  
FinTech
July 29, 2020

Revolut launches price comparison service in UK  

Revolut has launched a new platform allowing its users to access prrice comparison te...

FinTech
July 29, 2020

Unleashing the potential of FinTech in banking

The FinTech industry attracted over US$13.1b in VC-backed investments in 2016, about five times...

FinTech
May 27, 2020

West Midlands FinTech Ecosystem Report 2020

This report focuses primarily on the activity in the geographical area covered by the West Midlands...

FinTech
May 27, 2020

Fintech Banking Spotlight on Capital Structure

Fintech Sector: Capital Structure Observations • As the global economy starts to digest the...

The Search - United Kingdom

The Search - United Kingdom

When: Aug 05th, 2020
Where: Webinar, London , UK
Price: FREE
FinTech North Manchester Vulnerable Customers Forum

FinTech North Manchester Vulnerable Customers Forum

When: Sep 18th, 2020
Where: Webinar, London , UK
Price: FREE
FinTECH4Life

FinTECH4Life

When: Nov 16th - Nov 17th, 2020
Where: The Brewery, London
Price: £999