Is Aldermore or Charity Bank better for your small business?
Below we look at both Aldermore and Charity Bank 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 Charity Bank Trustpilot Reviews
| Aldermore | Charity Bank | |
| Trustpilot Review Score (out of 5) | 4.6 | 3.3 |
| Percent 5-Star Reviews | 80% | 33% |
| Percent 1- Star Reviews | 9% | 34% |
| Total Number of Reviews | 4,424 | 3 |
https://www.trustpilot.com/review/www.aldermore.co.uk
https://www.trustpilot.com/review/charitybank.org
Aldermore vs Charity Bank App Reviews
| Aldermore | Charity Bank | |
| iPhone Review Score (out of 5) | No Rating | No Rating |
| Number of iPhone Reviews | No Reviews | No Reviews |
| Android Review Score (out of 5) | No Rating | No Rating |
| Number of Android Reviews | No Reviews | No Reviews |
https://www.apple.com/uk/app-store/
https://www.apple.com/uk/app-store/
Aldermore vs Charity Bank Account Fees & Charges
| Aldermore | Charity Bank | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | £12.50 | Free |
| Most Expensive Monthly Account Fee | £30 | Free |
| Electronic Payment Cost (in/out) | Free | No |
| Cash Payments Cost (in/out) | 75p / £2 + 2.75% | Free |
| Cheques (in/out) | Free | Free |
| CHAPS Payments Cost | £30 | £10 |
| SEPA Payments Cost | No | 20p |
Aldermore vs Charity Bank Business Savings Rates
| Aldermore | Charity Bank | |
| Types of Business Savings Accounts | Fixed rate, Easy access | CITR accounts, Easy Access, Notice Accounts, Fixed Account |
| Lowest Savings Rate (AER) | 3.25% | 2.02% |
| Maximum Savings Rate (AER) | 4.60% | 4.51% |
| Minimum Savings Amount | £1,000 | £1,000 |
| Interest Paid On Foreign Currencies | Yes | No |
Aldermore vs Charity Bank Account Opening Times
| Aldermore | Charity Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 2 minutes | Undisclosed |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Aldermore vs Charity Bank Features & Account Types
| Aldermore | Charity Bank | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | No |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | No | Yes |
| Accounts For Sole Traders | No | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Mastercard | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | No | No |
| In Person/Branch Banking | No | No |
| Branch Locations | None, online and phone only | Tonbridge |
Aldermore vs Charity Bank Customer Support Options
| Aldermore | Charity Bank | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | No | No |
| Web Based Support | Yes | Yes |
| In person Customer Support | No | No |
Aldermore vs Charity Bank Foreign Currency Accounts
| Aldermore | Charity Bank | |
| US Dollar (USD) Bank Accounts | Yes | No |
| Euro (EUR) Bank Accounts | Yes | No |
| Other Currencies Available: |
| No |
Other Business Services From Aldermore and Charity Bank
| Aldermore | Charity Bank | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | No |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Aldermore vs Charity Bank Banking Basics
| Aldermore | Charity Bank | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 204503 | 207701 |
| Website | Aldermore Website | Charity Bank Website |
Common Comparison Questions
Does Aldermore or Charity Bank 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, Charity Bank scores 3.3 out of 5 based 3 Trustpilot reviews. Of which 33% are 5-star and 34% are 1-star.
Does Aldermore or Charity Bank 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, Charity Bank’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.
Does Aldermore or Charity Bank 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, Charity Bank offers CITR accounts, Easy Access, Notice Accounts, Fixed Account accounts with interest rates ranging from 2.02% to 4.51% (AER).
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For other business bank accounts see our guide here.