Nov 14, 2018

Digital bank Starling to roost on the high street

Digital bank Starling is heading to the high street, announcing a tie-up that will enable its personal and business customers to withdraw and deposit cash over the counter at all 11,500 Post Office branches nationwide. "Our customers still want to pay in cash and take money out," said Julian Sawyer, head of banking services at Starling Bank. The digital bank's move to the high street comes as larger banks shift customers online, closing hundreds of high street bank branches and free-to-use cash machines in the process. Starling Bank said these charges were up to 70 per cent cheaper than high street banks offering the same service. Mr Sawyer said the partnership would particularly benefit "Banking deserts" - UK communities with no access to a high street bank branch.

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