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Considering moving from Barclays to Starling for current account
Comments
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CrickJon said:Well, my application has been rejected by Starling. No idea why, no explanation. I've never had that before, my credit rating is 999.
Do they get any kind of visibility on accounts I have opened at other banks recently to take advantage of switching?
Would Monzo come to the same conclusion, or is it worth trying?
Credit rating is never seen by lender, the fake 999 score is for entertainment services only
A credit search may show other accounts yes, they may just not want you as a customer. Monzo is a different brand and will have their own criteriaSam 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.
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CrickJon said:Well, my application has been rejected by Starling. No idea why, no explanation. I've never had that before, my credit rating is 999.
Do they get any kind of visibility on accounts I have opened at other banks recently to take advantage of switching?
Would Monzo come to the same conclusion, or is it worth trying?
Yes they will have sight of your other bank account openings (together with any other financial transactions involving credit (eg mobile phone contracts) - they are a standard part of a credit report.0 -
Nasqueron said:CrickJon said:Well, my application has been rejected by Starling. No idea why, no explanation. I've never had that before, my credit rating is 999.
Do they get any kind of visibility on accounts I have opened at other banks recently to take advantage of switching?
Would Monzo come to the same conclusion, or is it worth trying?
Credit rating is never seen by lender, the fake 999 score is for entertainment services only
A credit search may show other accounts yes, they may just not want you as a customer. Monzo is a different brand and will have their own criteria0 -
CrickJon said:Well, my application has been rejected by Starling. No idea why, no explanation. I've never had that before, my credit rating is 999.
Do they get any kind of visibility on accounts I have opened at other banks recently to take advantage of switching?
Would Monzo come to the same conclusion, or is it worth trying?1 -
I've asked the question to Starling.
In the end, I looked at Monzo and both myself and the wife opened personal accounts and then a joint one this afternoon. Took all of ten minutes. We have a CASS initiated for a switch from Barclays now in progress for our current account (we have other accounts with Barclays too so not burning our bridges).
Starling's loss!0 -
Again, I don't have Starling, Monzo or Revolut. But I note that Which recommends Starling because the other two, though they have some advantages, do not provide enough consumer protection0
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danco said:Again, I don't have Starling, Monzo or Revolut. But I note that Which recommends Starling because the other two, though they have some advantages, do not provide enough consumer protection
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.
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Yes, I agree with you. But I thought this needed to be pointed out.0
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