As businesses and individuals seek efficient and cost-effective payment solutions, many are reconsidering their options between Revolut and Starling. This article aims to provide a comprehensive overview of what Revolut and Starling offer, compare their pricing and features, and help you determine which service best meets your needs.
A quick overview on Revolut and Starling
What is Revolut?
Revolut is a digital banking platform that integrates various financial services into a single mobile application. It allows users to perform peer-to-peer payments, manage multi-currency accounts, and execute international transfers at competitive exchange rates.
Unique features include real-time spending notifications and built-in budgeting tools. Common use cases are for travelers needing multi-currency accounts, freelancers receiving payments in different currencies, and businesses managing expenses and international transactions.
What is Starling?
Starling Bank is a UK-based digital bank offering personal and business banking services through a mobile app. Its payment solutions provide real-time access to major UK payment schemes, including Faster Payments and Bacs, without the need for costly infrastructure or lengthy implementation periods.
Starling Bank's Payment-as-a-Service model via RESTful APIs allows businesses to integrate payment services seamlessly, enhancing operational efficiency. Use cases include banks, fintech companies, insurance providers, payroll services, cross-border networks, and public sector organizations.
Pricing of Revolut and Starling
Revolut offers a tiered pricing structure with three main plans: Standard (free), Premium ($9.99/month), and Metal ($16.99/month). Each plan provides varying levels of benefits, such as higher withdrawal limits, overseas medical insurance, and cashback on purchases. However, users should be aware of potential fees for specific services, like currency exchanges on weekends or transactions exceeding plan limits.
Starling Bank, on the other hand, provides its business current account with no monthly fees or UK payment charges. Additional services, such as integrations with accounting software, are available through the Starling Marketplace. For detailed pricing on these extra services, consulting the bank's official resources is recommended. Revolut's pricing structure is more complex compared to Starling Bank's straightforward fee-free model for business accounts.
Features of Revolut and Starling
Revolut features
Revolut offers a range of unique features that cater to both individual and business needs:
- Real-Time Spending Notifications: Users receive instant alerts for every transaction, helping them stay on top of their finances.
- Built-In Budgeting Tools: The app includes features to set budgets, track spending, and analyze financial habits.
- Competitive Currency Exchange Rates: Revolut provides favorable exchange rates for international transactions, making it cost-effective for users.
- Multi-Currency Accounts: Users can hold and exchange multiple currencies seamlessly within the app.
- Cryptocurrency Trading: Unlike many traditional banks, Revolut allows users to buy, sell, and hold cryptocurrencies directly through the app.
Starling features
Starling Bank offers a range of unique features that cater to both individual and business needs:
- Instant Payment Notifications: Users receive real-time alerts for every transaction, helping them stay on top of their finances.
- Zero Fees for Overseas Transactions: Enjoy fee-free spending abroad with no foreign transaction or withdrawal fees.
- User-Friendly Interface: The app's design simplifies financial management, making it easy to navigate and use.
- Spaces for Organizing Money: Create separate pots within your account to manage savings and expenses effectively.
- Virtual Debit Cards: Generate virtual cards for budgeting and spending control, adding an extra layer of security.
Comparing Revolut, Starling and OneSafe
Why choose one over the other?
- Why Choose Revolut Over Starling: Revolut offers a more comprehensive range of financial services, including cryptocurrency trading and stock investments, which Starling does not provide. Additionally, Revolut's competitive currency exchange rates and multi-currency accounts make it an ideal choice for frequent travelers and those dealing with international transactions.
- Why Choose Starling Over Revolut: Starling Bank's zero fees for overseas transactions and user-friendly interface provide a straightforward and cost-effective banking experience. Moreover, its Payment-as-a-Service model via RESTful APIs is particularly beneficial for businesses looking to integrate payment services seamlessly without incurring additional infrastructure costs.
Considering OneSafe vs Revolut and Starling
- Why Choose OneSafe Over Revolut and Starling: OneSafe offers seamless USD to USDC conversion on Polygon, making it ideal for Web3 companies needing efficient, borderless transactions. Its end-to-end expense and payroll management tools, combined with exceptional customer support, provide a tailored banking solution for businesses operating in the digital asset space.
What are the customers saying?
Revolut reviews
Customer reviews of Revolut highlight several recurring issues. Users frequently report challenges with customer support, including difficulties in reaching representatives and delays in issue resolution. Additionally, there are concerns about account freezes or closures without clear communication, causing inconvenience and frustration. Check out more Revolut reviews here.
Starling reviews
Customer reviews of Starling Bank highlight several recurring issues. Users frequently report challenges with customer support, including difficulties in resolving problems and limited direct communication. Additionally, there are concerns about account closures without clear explanations, causing inconvenience and frustration. Check out more Starling reviews here.
OneSafe reviews
Customer reviews of OneSafe highlight the platform's exceptional customer support, ease of payroll processing, and ability to simplify complex banking tasks for Web3 companies. Users consistently praise the seamless USD to USDC conversion on Polygon, which facilitates instant, borderless transactions, and the end-to-end expense and payroll management tools that streamline financial operations.
Notable testimonials include:
- “OneSafe has the best customer support I've ever experienced from a bank.” - Amit Chu, Investments @ Celo Foundation
- “OneSafe is a game-changer. They solve so many headaches for our company. Finally a banking solution that gets it.” - Marco, CEO of Ensuro
Want to learn more? Check us out here.
Revolut, Starling, or OneSafe: Which is the best platform for you?
In conclusion, whether you choose Revolut, Starling Bank, or OneSafe, each offers unique benefits tailored to different needs. However, for businesses operating in the digital asset space, OneSafe stands out with its seamless USD to USDC conversion on Polygon and exceptional customer support. We recommend OneSafe for a comprehensive, efficient, and user-friendly banking experience. Explore more about OneSafe here.
