01 April 2020

Starling introduces Coronavirus Support Scheme

Written By FinTech Alliance in Consumer Lending

Starling introduces Coronavirus Support Scheme

Starling Bank has announced changes to support customers through the coronavirus pandemic.

In Brief:

  • It has announced a three-month overdraft interest holiday for personal account holders.

  • It will be aimed at those who have lost their job or cannot work due to self isolation.

  • The scheme starts on 1 April 2020 and will last 90 days.

What does this mean?

All interest on arranged overdraft charges will be waived and not added on at the end of the holiday. This just applies to those who already have an arranged overdraft – but those who do not will not be charged a fee if they accidentally fall into an overdraft.

Up Next ...
22 November 2024

Eden AI raises €3M seed round to bridge the gap between AI models and business needs

Eden AI, which works with more than 500 organisations including the Council of Europe and Atos, translates sophisticated AI models into practical tools for businesses...

22 November 2024

City Bank Adopts TranzAxis for E-Commerce Payment Solutions

This decision aligns with the bank’s focus on digital transformation and improving online transaction processes for merchants.

22 November 2024

Zellis summit maps bold future of innovation

Event showcases Zellis HCM AIR, realtime payroll, and AI-enhanced features

21 November 2024

Nubank Explores Legal Domicile Shift to the UK Amid Regulatory Changes

The decision, reportedly under discussion with the UK government, aligns with the UK’s efforts to attract global tech firms

More in Consumer Lending

Zilch partners with Yapily to harness open banking technology for BNPL

10 March 2023

Zilch is partnering with open banking platform Yapily to bring ...

Credit Suisse extends $1bn credit facility to Curve

07 December 2022

Curve, the card aggregation FinTech, has secured a $bn line ...

Intuit acquires financial health business SeedFi

06 December 2022

Intuit, a financial software company that owns a number of ...

Klarna rolls out retailer-influencer platform

29 November 2022

Klarna has launched a new platform to connect retailers with ...

Articles Consumer Lending

2021 State of credit

11 October 2021

In partnership with Propeller Insights, Marqeta conducted a survey of 3,500 consumers across the US,...

Articles Consumer Lending

What’s next: How consumer goods leaders envision tomorrow

27 July 2021

In partnership with The Consumer Goods Forum, PwC’s latest report examines how business leaders are...

Articles Consumer Lending

EBA consumer trends report 2020/21

01 June 2021

The report covers the retail banking products and services that fall within the EBA’s consumer prote...

Articles Consumer Lending

Consumer use of payday, auto title, and pawn loans

01 June 2021

In this research brief, we examine the prevalence, persistence of use, and alternate credit sources...

There are no Events in this category