Is Starling Bank in trouble?

My wife and I have operated our main household joint current account with Starling for nearly 4 years, without any hassle or trouble. Both of us had personal accounts with Starling in the past, before they were switched elsewhere.

I attempted to open a second joint account a few weeks ago, and my wife tried to open a new personal account. Both these applications were rejected, and the same message was displayed to us both, stating that Starling were “temporarily” not opening any new accounts at the moment.

This has obviously been a state of affairs “temporarily” for some considerable time, but I have seen nothing about it in the media.

Has anyone any idea what is going on?

Comments

  • DullGreyGuy
    DullGreyGuy Posts: 17,149 Forumite
    10,000 Posts Second Anniversary Name Dropper
    Just opened a joint account with them a fortnight ago without any problem. 

    Starling do put limits on how many accounts you can have thought and at the moment aren't allowing those who've closed an account to open a new one (https://help.starlingbank.com/personal/topics/setting-up-an-account/can-i-reopen-my-starling-personal-account/) but are accepting applications from those that haven't had accounts types
  • Nasqueron
    Nasqueron Posts: 10,409 Forumite
    Tenth Anniversary 10,000 Posts Photogenic Name Dropper
    edited 5 February 2024 at 4:13PM
    Just opened a joint account with them a fortnight ago without any problem. 

    Starling do put limits on how many accounts you can have thought and at the moment aren't allowing those who've closed an account to open a new one (https://help.starlingbank.com/personal/topics/setting-up-an-account/can-i-reopen-my-starling-personal-account/) but are accepting applications from those that haven't had accounts types
    Weirdly I have been a Starling customer, setup the account and switched almost immediately for a bonus. My partner and I wanted a joint account and as Kroo don't do them and Starling pay interest, I decided to go for Starling again, I was able to open a current account fine (it still had my details for the online account) and then we both did the joint account process

    My old account was opened in July 22 and switched September 22. We opened the account in January

    Sam Vimes' Boots Theory of Socioeconomic Unfairness: 

    People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.

  • penners324
    penners324 Posts: 3,460 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    They tend to refuse new accounts for those that switched away.

    You also need a personal account each for a joint account.

    I would change the headline
  • Hoenir
    Hoenir Posts: 6,536 Forumite
    1,000 Posts First Anniversary Name Dropper
    Perhaps a polite way of saying we don't currently want your new business. In case you are again using us as a stepping stone. 
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