Unfortunately I opened a Starling account 2 months ago to avoid the new fees on a Euros account that were introduced on 18.06.22 and I have absolutely no reason to move it back to WISE, I wonder how many other users have done the same.
The timing seems very poor to me. Whilst no one can predict the future I’m sure that WISE are annoyed at themselves for introducing fees on smaller EURO holdings for only 6 weeks effectively…the damage will have been done to existing users I’m sure.
Yeah sorry I was slightly unclear, they changed the threshold of how many Euros you could hold in your account before you paid a fee.
Before June you were able to hold substantially more (can’t remember the actual number but was 5 figure) interest free as a personal customer and it dropped to €3000 which triggered the move for me.
The fee also went up to 0.9% p.a. which I remember at the time feeling extortionate. So to effectively do a U-turn on that in a matter of weeks is obviously great for customers but equally frustrating for those that changed providers because of it.