By Aisling Finn on Wednesday 3 June 2020
Since its launch over 15,500 Connected Cards have been issued by the digital bank.
Both organisations said they recognise it as a trusted payment card for the vulnerable and those self-isolating
Anne Boden, founder and CEO of Starling Bank, said: “We wanted to find a practical solution to a very real problem, so we launched the Connected card to help our customers pay for supplies bought for them by trusted friends and neighbours without the hassle of transferring money or handling cash.”
“It’s great to see the card being used by NHS Volunteer Responders, who are performing such a vital role.”
Protected by a PIN and with a balance limit of £200, the Connected Card can only be used in shops and not online, giving the account holder control over their money when they’re unable to visit the shops themselves.
Starling has recently introduced several products to help those feeling the coronavirus-related tug on the purse strings.
Just last week it was revealed that Starling had raised another £40m, taking its total raised this year to £100m, to help bolster its SME banking platform, which has attracted 55,000 more business customers since the beginning of February.
Anne Boden’s bank was one of the first fintechs to gain both CBILS and Bounce Back Loan accreditation and is well on its way to dishing out more than £600m in government-backed loans.