Is Aldermore or Airwallex better for your small business?
Below we look at both Aldermore and Airwallex 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.
Aldermore vs Airwallex Trustpilot Reviews
| Aldermore | Airwallex | |
| Trustpilot Review Score (out of 5) | 4.6 | 3.9 |
| Percent 5-Star Reviews | 80% | 67% |
| Percent 1- Star Reviews | 9% | 25% |
| Total Number of Reviews | 4,424 | 1,007 |
https://www.trustpilot.com/review/www.aldermore.co.uk
https://www.trustpilot.com/review/airwallex.com
Aldermore vs Airwallex App Reviews
| Aldermore | Airwallex | |
| iPhone Review Score (out of 5) | No Rating | 3.3 |
| Number of iPhone Reviews | No Reviews | 12 |
| Android Review Score (out of 5) | No Rating | 2.3 |
| Number of Android Reviews | No Reviews | 161 |
https://www.apple.com/uk/app-store/
https://apps.apple.com/gb/app/airwallex/id1537521807
Aldermore vs Airwallex Account Fees & Charges
| Aldermore | Airwallex | |
| Free Business Bank Account | No | Yes |
| Free Business Account Term Length | NA | 1 month |
| Cheapest Monthly Account Fee | £12.50 | Free or £19/month |
| Most Expensive Monthly Account Fee | £30 | £999/month |
| Electronic Payment Cost (in/out) | Free | 20p |
| Cash Payments Cost (in/out) | 75p / £2 + 2.75% | Free |
| Cheques (in/out) | Free | Free |
| CHAPS Payments Cost | £30 | No |
| SEPA Payments Cost | No | $2 |
Aldermore vs Airwallex Business Savings Rates
| Aldermore | Airwallex | |
| Types of Business Savings Accounts | Fixed rate, Easy access | None |
| Lowest Savings Rate (AER) | 3.25% | NA |
| Maximum Savings Rate (AER) | 4.60% | NA |
| Minimum Savings Amount | £1,000 | NA |
| Interest Paid On Foreign Currencies | Yes | Yes |
Aldermore vs Airwallex Account Opening Times
| Aldermore | Airwallex | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 2 minutes | 15 minutes |
| Do They Check Your Credit? | Yes | No |
| Current Account Switch Service | Yes | No |
Aldermore vs Airwallex Features & Account Types
| Aldermore | Airwallex | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | No |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | No |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | No | No |
| Accounts For Sole Traders | No | Yes |
| Joint Business Accounts Available | Yes | No |
| Card Type | Mastercard | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | No | Yes |
| In Person/Branch Banking | No | No |
| Branch Locations | None, online and phone only | None, online only |
Aldermore vs Airwallex Customer Support Options
| Aldermore | Airwallex | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | No | Yes |
| Web Based Support | Yes | Yes |
| In person Customer Support | No | No |
Aldermore vs Airwallex Foreign Currency Accounts
| Aldermore | Airwallex | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
|
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Other Business Services From Aldermore and Airwallex
| Aldermore | Airwallex | |
| Business Loans | Yes | No |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | Yes |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Aldermore vs Airwallex Banking Basics
| Aldermore | Airwallex | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | Yes, up to £85,000 | No |
| FCA Number | 204503 | 900876 |
| Website | Aldermore Website | Airwallex Website |
Common Comparison Questions
Does Aldermore or Airwallex have better customer reviews?
Aldermore scores 4.6 out of 5 based 4,424 Trustpilot reviews. Of these reviews 80% are 5-star and 9% are 1-star.
Whereas, Airwallex scores 3.9 out of 5 based 1,007 Trustpilot reviews. Of which 67% are 5-star and 25% are 1-star.
Does Aldermore or Airwallex have a better App?
Aldermore’s iPhone App is rated No Rating out of 5 based on No Reviews reviews. And it’s Android App is rated No Rating out of 5 based on No Reviews reviews.
In comparison, 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.
Does Aldermore or Airwallex have better business savings rates?
Aldermore offers the following types of business savings accounts: Fixed rate, Easy access with interest rates ranging from 3.25% to 4.60%. (AER)
In contrast, Airwallex offers None accounts with interest rates ranging from NA to NA (AER).
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For other business bank accounts see our guide here.