Is AIB (Allied Irish Bank) or HSBC Kinetic better for your small business?
Below we look at both AIB (Allied Irish Bank) and HSBC Kinetic reviews on Trustpilot along with their App reviews from Apple and Google.
We then look at typical fees, business savings rates, foreign currency options and a whole bunch of other account features to help you make up your mind.
AIB (Allied Irish Bank) vs HSBC Kinetic Trustpilot Reviews
| AIB (Allied Irish Bank) | HSBC Kinetic | |
| Trustpilot Review Score (out of 5) | 2.8 | 1.9 |
| Percent 5-Star Reviews | 20% | 0% |
| Percent 1- Star Reviews | 70% | 100% |
| Total Number of Reviews | 10 | 13 |
https://www.trustpilot.com/review/aibgb.co.uk
https://www.trustpilot.com/review/hsbckinetic.co.uk
AIB (Allied Irish Bank) vs HSBC Kinetic App Reviews
| AIB (Allied Irish Bank) | HSBC Kinetic | |
| iPhone Review Score (out of 5) | 1.7 | 4.8 |
| Number of iPhone Reviews | 227 | 15,000 |
| Android Review Score (out of 5) | 1.9 | 4.7 |
| Number of Android Reviews | 21,400 | 4,000 |
https://apps.apple.com/gb/app/aib-mobile/id468042881
https://apps.apple.com/gb/app/hsbc-kinetic/id1457310350
AIB (Allied Irish Bank) vs HSBC Kinetic Account Fees & Charges
| AIB (Allied Irish Bank) | HSBC Kinetic | |
| Free Business Bank Account | No | Yes |
| Free Business Account Term Length | NA | 12 Months |
| Cheapest Monthly Account Fee | £10 | £6.50 |
| Most Expensive Monthly Account Fee | £10 | £6.50 |
| Electronic Payment Cost (in/out) | 35p | Free |
| Cash Payments Cost (in/out) | 65p per £100 | 1.10% |
| Cheques (in/out) | 70p | 50p per cheque |
| CHAPS Payments Cost | £25 | £17 |
| SEPA Payments Cost | £20 | 24p |
AIB (Allied Irish Bank) vs HSBC Kinetic Business Savings Rates
| AIB (Allied Irish Bank) | HSBC Kinetic | |
| Types of Business Savings Accounts | Demand deposit account, Business fixed term deposit account, Currency deposit account | Instant access, 30+ day, 60+ day |
| Lowest Savings Rate (AER) | 0.25% | 1.94% |
| Maximum Savings Rate (AER) | 3.02% | 2.02% |
| Minimum Savings Amount | £1 | No |
| Interest Paid On Foreign Currencies | Yes | Yes |
AIB (Allied Irish Bank) vs HSBC Kinetic Account Opening Times
| AIB (Allied Irish Bank) | HSBC Kinetic | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 15 minutes | 48 hours |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
AIB (Allied Irish Bank) vs HSBC Kinetic Features & Account Types
| AIB (Allied Irish Bank) | HSBC Kinetic | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | Yes |
| Business Overdraft | Yes | Yes |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | No |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | No |
| Card Type | Visa | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | No |
| Branch Locations | Belfast, London and Dublin | Can use HSBC branches for some services |
AIB (Allied Irish Bank) vs HSBC Kinetic Customer Support Options
| AIB (Allied Irish Bank) | HSBC Kinetic | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | Yes |
| Web Based Support | Yes | Yes |
| In person Customer Support | Yes | No |
AIB (Allied Irish Bank) vs HSBC Kinetic Foreign Currency Accounts
| AIB (Allied Irish Bank) | HSBC Kinetic | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
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Other Business Services From AIB (Allied Irish Bank) and HSBC Kinetic
| AIB (Allied Irish Bank) | HSBC Kinetic | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | Yes | No |
| Free Accounting Software | No | No |
AIB (Allied Irish Bank) vs HSBC Kinetic Banking Basics
| AIB (Allied Irish Bank) | HSBC Kinetic | |
| Bank Type | High Street | High Street/Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 204793 | 765112 |
| Website | AIB (Allied Irish Bank) Website | HSBC Kinetic Website |
Common Comparison Questions
Does AIB (Allied Irish Bank) or HSBC Kinetic have better customer reviews?
AIB (Allied Irish Bank) scores 2.8 out of 5 based 10 Trustpilot reviews. Of these reviews 20% are 5-star and 70% are 1-star.
Whereas, HSBC Kinetic scores 1.9 out of 5 based 13 Trustpilot reviews. Of which 0% are 5-star and 100% are 1-star.
Does AIB (Allied Irish Bank) or HSBC Kinetic have a better App?
AIB (Allied Irish Bank)’s iPhone App is rated 1.7 out of 5 based on 227 reviews. And it’s Android App is rated 1.9 out of 5 based on 21,400 reviews.
In comparison, HSBC Kinetic’s iPhone App is rated 4.8 out of 5 based on 15,000 reviews. And it’s Android App is rated 4.7 out of 5 based on 4,000 reviews.
Does AIB (Allied Irish Bank) or HSBC Kinetic have better business savings rates?
AIB (Allied Irish Bank) offers the following types of business savings accounts: Demand deposit account, Business fixed term deposit account, Currency deposit account with interest rates ranging from 0.25% to 3.02%. (AER)
In contrast, HSBC Kinetic offers Instant access, 30+ day, 60+ day accounts with interest rates ranging from 1.94% to 2.02% (AER).
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For other business bank accounts see our guide here.