Starling introduces virtual cards for joint current accounts
Finextra Source: Starling Bank
Starling Bank is introducing virtual cards for Joint Current Account customers, after a successful roll-out to Personal Current Accounts in December 2022. Joint Current Account holders can now use virtual cards to double down on their budgeting skills, keep track of joint subscriptions and spend with even more security.
The roll-out of virtual cards for joint accounts comes as research from Starling reveals that money is the top cause of arguments for couples in the UK. The research, which questioned 4,000 over 16s, found that couples who share finances have fewer disagreements about money than those who don’t (27% vs 32%).
Starling’s suite of money management tools for Joint Current Accounts is designed to simplify joint spending and budgeting, and includes a Spending Insights tool, saving Spaces, Bills Manager and now virtual cards.
About virtual cards
A virtual card works just like a normal debit card for payments, but it’s linked to a saving Space in the Starling app, instead of the main account balance. Like physical cards, virtual cards have a unique card number, expiry date and CVV.
