Summary: Starling Bank, a UK-based digital bank, does not offer direct investment options in stocks, commodities, or cryptocurrencies. However, customers can transfer funds from their Starling accounts to Financial Conduct Authority (FCA)-approved brokers, like eToro, to invest.
Currently, it's not possible to buy shares in Starling Bank as they haven't undergone their Initial Public Offering (IPO), but plans for one are in motion. The bank offers features like goal setting and categorising expenses, and it is praised for its highly rated mobile app
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Can I buy Stocks with Starling Bank?
Unfortunately, this isn't an option as the Starling Digital Banking platform doesn't provide products or services allowing users to invest in stocks, commodities, or cryptocurrencies. To buy shares, Starling customers can transfer fiat currency from their bank accounts to Financial Conduct Authority (FCA) approved brokers. The bank supports GBP withdrawals for stock brokerage platforms through Bank Transfer, Debit Card, or Credit Card.
How to Buy Shares with Starling Bank
The best way to buy shares with a Starling Bank account is through the eToro platform. They offer fast and cheap GBP deposits from Starling accounts to trade over 8,000 stocks, ETFs, commodities and even over 80 different digital assets. Their platform is licensed and regulated by the Financial Conduct Authority in the UK and the European Securities and Markets Authority in the EU.
You can get started in minutes with these 4 simple steps:
- Sign up to eToro and verify your identity.
- Click 'Deposit Funds' and pick a method and send funds to eToro from Starling Bank.
- Search for the shares you want to buy in the search bar, and tap 'Trade'.
- Input the amount you want to purchase and select 'Set Order'.
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Can I buy Shares in Starling Bank?
As of now, it's not possible to purchase shares in Starling Bank as the company has not yet gone through their Initial Public Offering (IPO) process and therefore, isn't listed on any public stock exchange. Anne Boden, the CEO of Starling, has indicated plans to complete the listing by 2024. However, these plans hinge upon market volatility in the forthcoming years.
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About Starling Bank
Starling Bank is a digital-only challenger bank based in the United Kingdom. They offer GBP current accounts with features like goal setting and categorising expenses, as well as business banking products. Starling also has one of the best mobile banking apps on the market with 5-star ratings on both the App Store and Google Play Store.
The company was founded in 2014 by Anne Boden and is headquartered in London, England. As of June 2020, Starling Bank has over 1 million personal and business banking customers.
Bottom Line
In conclusion, while Starling Bank does not offer direct investment options for stocks, commodities, or cryptocurrencies, it allows customers to transfer funds to FCA-approved brokerage platforms like eToro. Starling customers can then trade in a vast array of stocks, ETFs, commodities, and digital assets.
As for investing in Starling Bank itself, the option isn't available yet, but plans for an IPO are underway, indicating potential future opportunities. Starling Bank's commitment to digital banking and its reputation as one of the most popular banking apps in the UK show its strong position within the financial industry.
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