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TBF in Europe (or specifically the UK) the new regulations seem to have come up with a plethora of new banks -Starling, Monzo, Revolut, Tide, etc. Both my per
by sofaofthedamned 8y ago
TBF in Europe (or specifically the UK) the new regulations seem to have come up with a plethora of new banks -Starling, Monzo, Revolut, Tide, etc.
Both my personal and business accounts are with these, and it's awesome. Starling for my personal account and Tide for the business one. I get notifications of payments usually before the in-store machine has finished sorting itself out. Also get nice things like being able to use Google Pay before the card arrives. I've just got married, and our joint account will be one of these.
I assume these banks have popped up from these EU regulations, as they didn't exist 3 years ago.
- pebers 8y agoNot from those EU regulations - PSD2 is more recent than most of those challengers. They've popped up because the FCA (the UK regulator) deliberately tried to make it easier to start banks in order to get more competition in the space.
- sofaofthedamned 8y agoInteresting, thank you.