Merchant Machine

Airwallex VS HSBC Kinetic: Business Banking Review & Fee Comparison


By: Ian Wright | Last Updated:

Is Airwallex or HSBC Kinetic better for your small business?

Below we look at both Airwallex 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.

Airwallex Homepage
Airwallex Homepage

HSBC Kinetic Homepage
HSBC Kinetic Homepage
 

Airwallex vs HSBC Kinetic Trustpilot Reviews

AirwallexHSBC Kinetic
Trustpilot Review Score (out of 5)3.91.9
Percent 5-Star Reviews67%0%
Percent 1- Star Reviews25%100%
Total Number of Reviews1,00713
Sources:
https://www.trustpilot.com/review/airwallex.com
https://www.trustpilot.com/review/hsbckinetic.co.uk

Airwallex vs HSBC Kinetic App Reviews

AirwallexHSBC Kinetic
iPhone Review Score (out of 5)3.34.8
Number of iPhone Reviews1215,000
Android Review Score (out of 5)2.34.7
Number of Android Reviews1614,000
Sources:
https://apps.apple.com/gb/app/airwallex/id1537521807
https://apps.apple.com/gb/app/hsbc-kinetic/id1457310350

Airwallex vs HSBC Kinetic Account Fees & Charges

AirwallexHSBC Kinetic
Free Business Bank AccountYesYes
Free Business Account Term Length1 month12 Months
Cheapest Monthly Account FeeFree or £19/month£6.50
Most Expensive Monthly Account Fee£999/month£6.50
Electronic Payment Cost (in/out)20pFree
Cash Payments Cost (in/out)Free1.10%
Cheques (in/out)Free50p per cheque
CHAPS Payments CostNo£17
SEPA Payments Cost$224p

Airwallex vs HSBC Kinetic Business Savings Rates

AirwallexHSBC Kinetic
Types of Business Savings AccountsNoneInstant access, 30+ day, 60+ day
Lowest Savings Rate (AER)NA1.94%
Maximum Savings Rate (AER)NA2.02%
Minimum Savings AmountNANo
Interest Paid On Foreign CurrenciesYesYes
 

Airwallex vs HSBC Kinetic Account Opening Times

AirwallexHSBC Kinetic
Can You Apply Online?YesYes
How Long Does Opening An
Account Typically Take?		15 minutes48 hours
Do They Check Your Credit?NoYes
Current Account Switch ServiceNoYes

Airwallex vs HSBC Kinetic Features & Account Types

Airwallex Account Types
Airwallex Features & Account Types

HSBC Kinetic Account Types
HSBC Kinetic Features & Account Types


AirwallexHSBC Kinetic
Business Current AccountYesYes
Business Savings AccountNoYes
Business Credit CardNoYes
Business OverdraftNoYes
Accounts For StartupsYesYes
Accounts For CharitiesNoNo
Accounts For Sole TradersYesYes
Joint Business Accounts AvailableNoNo
Card TypeMastercardVisa
Online BankingYesYes
Mobile BankingYesYes
In Person/Branch BankingNoNo
Branch LocationsNone, online onlyCan use HSBC branches for some services

Airwallex vs HSBC Kinetic Customer Support Options

AirwallexHSBC Kinetic
Phone Support AvailableYesYes
Email Support AvailableYesYes
App Based Support YesYes
Web Based SupportYesYes
In person Customer SupportNoNo

Airwallex vs HSBC Kinetic Foreign Currency Accounts

AirwallexHSBC Kinetic
US Dollar (USD) Bank AccountsYesYes
Euro (EUR) Bank AccountsYesYes
Other Currencies Available:
  • AUD
  • NZD
  • CAD
  • HKD
  • SGD
  • JPY
  • CHF
  • KRW
  • Brazilian real (BRL)
  • Canadian dollar (CAD)
  • Chilean peso (CLP)
  • Colombian peso (COP)
  • Mexican peso (MXN)
  • Chinese yuan (CNY)
  • Hong Kong dollar (HKD)
  • Indian rupee (INR)
  • Japanese yen (JPY)
  • Korean won (KRW)
  • Malaysian ringgit (MYR)
  • Singapore dollar (SGD)
  • Thai baht (THB)
  • Austrian euro (EUR)
  • Belgian euro (EUR)
  • Bulgarian lev (BGN)
  • Croatian kuna (HRK)
  • Czech koruna (CZK)
  • Danish krone (DKK)
  • Estonian euro (EUR)
  • Finnish euro (EUR)
  • French euro (EUR)
  • German euro (EUR)
  • Greek euro (EUR)
  • Hungarian forint (HUF)
  • Icelandic króna (ISK)
  • Irish euro (EUR)
  • Italian euro (EUR)
  • Latvian euro (EUR)
  • Lithuanian euro (EUR)
  • Maltese euro (EUR)
  • Dutch euro (EUR)
  • Polish zloty (PLN)
  • Portuguese euro (EUR)
  • Romanian leu (RON)
  • Slovak euro (EUR)
  • Slovenian euro (EUR)
  • Spanish euro (EUR)
  • Australian dollar (AUD)
  • New Zealand dollar (NZD)

Other Business Services From Airwallex and HSBC Kinetic

Airwallex Account Types
Other Airwallex Services

HSBC Kinetic Account Types
Other HSBC Kinetic Services


AirwallexHSBC Kinetic
Business LoansNoYes
Commercial MortgagesNoNo
Invoice FinancingNoNo
International PaymentsYesYes
Merchant Payment ServicesYesYes
Card MachinesNoNo
Free Accounting SoftwareNoNo

Airwallex vs HSBC Kinetic Banking Basics

AirwallexHSBC Kinetic
Bank TypeChallengerHigh Street/Challenger
FSCS ProtectionNoYes, up to £85,000
FCA Number900876765112
WebsiteAirwallex WebsiteHSBC Kinetic Website

Common Comparison Questions

Does Airwallex or HSBC Kinetic have better customer reviews?

Airwallex scores 3.9 out of 5 based 1,007 Trustpilot reviews. Of these reviews 67% are 5-star and 25% 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 Airwallex or HSBC Kinetic have a better App?

Airwallex’s iPhone App is rated 3.3 out of 5 based on 12 reviews. And it’s Android App is rated 2.3 out of 5 based on 161 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 Airwallex or HSBC Kinetic have better business savings rates?

Airwallex offers the following types of business savings accounts: None with interest rates ranging from NA to NA. (AER)

In contrast, HSBC Kinetic offers Instant access, 30+ day, 60+ day accounts with interest rates ranging from 1.94% to 2.02% (AER).

See Other Comparisons:
Airwallex vs CardOneMoney
Airwallex vs Fair Everywhere
Airwallex vs Countingup
Airwallex vs State Bank of India (UK)
Airwallex vs Charity Bank


For other business bank accounts see our guide here.