Starling Bank is introducing Bills Manager, a new bank account feature to help UK customers pay their bills on time and better manage their money.
The new feature, one of the most requested according to Starling, provides customers with the ability to have regular debits taken from money set aside in any of their ‘Savings Spaces’, the section of digital bank’s app that allows customers to set money apart from their main balance for specific savings goals.
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, according to Starling.
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 debits 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.
Bills Manager is available to all UK personal and joint current account holders with immediate effect and is free to use.
Anne Boden, chief executive officer at Starling Bank, comments: “Our customers asked for this feature and therefore we created it. Enabling them to better manage their money is our number one goal.”