Using multiple savings accounts when using Goals on Starling

[SimonG]

Hi, I use Starling bank for my business transactions and as a result have several pots for the different savings I want to make.

When moving funds among them I’m unsure of the best way in QuickFile to do this, is it better to create a general savings account and lump it all together or actually create each account?

Any advice would be appreciated.

[QFSian]

Hi @SimonG

When you say that you have several “pots” in your Starling App, are you referring to savings goals?

[SimonG]

Yes, sorry different goals

[QFSian]

Hi @SimonG,

No problem.

You can set up different savings accounts on QuickFile to keep track of the changes.

It’s worth bearing in mind though, that the balance on QuickFile will reflect the Statement on Starling. When you move money into a Goal on Starling, this isn’t reflected in the Statement, only on the “available Balance” in the App. If you are then going to try reconciling your QuickFile Account using the Statement, you may find that the totals don’t tally because of the money in the other QuickFile Goal Account.

I hope this helps, but if you have any further questions, please don’t hesitate to ask.