Starling Bank forges money transfer deal with TransferWise

Starling Bank, a licensed mobile-only challenger bank, has joined forces with British fintech firm TransferWise

Starling Bank forges money transfer deal with TransferWise

Starling Bank, a licensed mobile-only challenger bank, has joined forces with British FinTech firm TransferWise to offer its customer’s in-app access to TransferWise’s money-transfer services.

The partnership will enable the bank’s customers to transact from the UK to the 35 currencies available in the TransferWise app.

Starling Bank chief platform officer Megan Caywood said: “Starling Bank is delighted to announce our partnership with Transferwise, our first Marketplace partner. TransferWise’s technology and business model have been transformational for millions of people sending money abroad and transferring currencies.

“They ensure convenience, offer the real exchange rate, and put the customer first. These are all values that are important to Starling and our partnership signifies a vital step for UK banking customers.”

TransferWise vice president of global partnerships Scott Miller said: “TransferWise is about making it fast, low cost and convenient for people to send money abroad, and Starling Bank shares our commitment to giving people access to fair prices that let them move their money as they choose. The integration makes it super easy for Starling customers to access the TransferWise service.”