Starling Bank Rolls out Bills Manager to help Clients Better Manage Money

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Starling Bank, a fully-licensed and regulated digital bank headquartered in the UK, announced yesterday the launch of Bills Manager, to help customers pay their bills on time and better manage their money.

The new feature, requested by the bank’s users, enables customers to have a Direct Debit or standing order taken from money set aside in any of their ‘Savings Spaces’. Spaces is the section of the app that allows customers to set money apart from their main balance for specific savings goals.

According to the official press release, when customers use this feature and a payment is due (for example, for rent or bills), the money required to make the payment will be taken from the Space, rather than the main account balance. It makes budgeting and managing bills much easier. To get started with Bills Manager, customers can go to their Savings Space, tap ‘Manage Space’, then ‘Pay bills from this Space’. They can then choose which Direct Debits or standing orders they would like to pay from each Space.

Customers receive a notification when their bills have been paid and can view the transactions by going into the Space and clicking “View transaction history”. If there are insufficient funds in their Bills Manager Space to make a scheduled payment, Starling will send the customer three notifications the day before the payment is due and twice on the payment due date. If the funds are still missing, the bill will not be paid.

In July, Fazzaco reported that Starling Bank has planned to float on the stock market​ close to the end of 2022, and it could be early 2023 by the time this aim is carried out.