Many people are currently facing financial difficulties that are completely out of their hands. Starling Bank is offering customers extra support to help them through this tough time in the form of a three-month interest holiday on the first £500 of an arranged overdraft. Interest payments will begin again after the three-month holiday ends.
You can apply up until the 30th June 2020 and if your application is successful, you won’t have to pay any interest on the first £500 of your overdraft for 90 days, starting from the day your application is accepted. You’re eligible for an interest holiday if:
- Starling is your main bank account that you pay your main income directly into
- You’re experiencing difficulties meeting payments to keep your account in order or bringing it up to date
- Your income has decreased as a result of coronavirus. For example, you’ve been furloughed, work has dried up, you’re self-isolating and can’t work or you have new caring responsibilities
If you want to apply, simply get in touch with Starling Bank’s customer service team who are contactable 24/7 via phone, email or the in-app chat. If you’re accepted, your interest will instantly be waived for three months. You’ll be contacted 30 days before the end of the holiday to remind you of the date that your payments will resume.