Is Allica Bank or HSBC Kinetic better for your small business?
Below we look at both Allica 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.
Allica Bank vs HSBC Kinetic Trustpilot Reviews
| Allica Bank | HSBC Kinetic | |
| Trustpilot Review Score (out of 5) | 4.5 | 1.9 |
| Percent 5-Star Reviews | 76% | 0% |
| Percent 1- Star Reviews | 6% | 100% |
| Total Number of Reviews | 815 | 13 |
https://www.trustpilot.com/review/www.allica.bank
https://www.trustpilot.com/review/hsbckinetic.co.uk
Allica Bank vs HSBC Kinetic App Reviews
| Allica Bank | HSBC Kinetic | |
| iPhone Review Score (out of 5) | 4.8 | 4.8 |
| Number of iPhone Reviews | 503 | 15,000 |
| Android Review Score (out of 5) | 4.4 | 4.7 |
| Number of Android Reviews | 107 | 4,000 |
https://apps.apple.com/gb/app/allica-bank/id1489138340
https://apps.apple.com/gb/app/hsbc-kinetic/id1457310350
Allica Bank vs HSBC Kinetic Account Fees & Charges
| Allica Bank | HSBC Kinetic | |
| Free Business Bank Account | No | Yes |
| Free Business Account Term Length | NA | 12 Months |
| Cheapest Monthly Account Fee | No | £6.50 |
| Most Expensive Monthly Account Fee | No | £6.50 |
| Electronic Payment Cost (in/out) | Free | Free |
| Cash Payments Cost (in/out) | Free | 1.10% |
| Cheques (in/out) | Unknown | 50p per cheque |
| CHAPS Payments Cost | £20 | £17 |
| SEPA Payments Cost | No | 24p |
Allica Bank vs HSBC Kinetic Business Savings Rates
| Allica Bank | HSBC Kinetic | |
| Types of Business Savings Accounts | Easy Access, Notice Account | Instant access, 30+ day, 60+ day |
| Lowest Savings Rate (AER) | 3.65% | 1.94% |
| Maximum Savings Rate (AER) | 5.10% | 2.02% |
| Minimum Savings Amount | £20,000 | No |
| Interest Paid On Foreign Currencies | No | Yes |
Allica Bank vs HSBC Kinetic Account Opening Times
| Allica Bank | HSBC Kinetic | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 3 to 5 Working days | 48 hours |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Allica Bank vs HSBC Kinetic Features & Account Types
| Allica Bank | HSBC Kinetic | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | No | Yes |
| Business Overdraft | Yes | Yes |
| Accounts For Startups | No | Yes |
| Accounts For Charities | No | No |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | No | No |
| Card Type | Visa | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | No |
| Branch Locations | Milton Keynes, London and Manchester | Can use HSBC branches for some services |
Allica Bank vs HSBC Kinetic Customer Support Options
| Allica 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 |
Allica Bank vs HSBC Kinetic Foreign Currency Accounts
| Allica Bank | HSBC Kinetic | |
| US Dollar (USD) Bank Accounts | No | Yes |
| Euro (EUR) Bank Accounts | No | Yes |
| Other Currencies Available: | No |
|
Other Business Services From Allica Bank and HSBC Kinetic
| Allica Bank | HSBC Kinetic | |
| Business Loans | Yes | Yes |
| 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 |
Allica Bank vs HSBC Kinetic Banking Basics
| Allica Bank | HSBC Kinetic | |
| Bank Type | Challenger | High Street/Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 821851 | 765112 |
| Website | Allica Bank Website | HSBC Kinetic Website |
Common Comparison Questions
Does Allica Bank or HSBC Kinetic have better customer reviews?
Allica Bank scores 4.5 out of 5 based 815 Trustpilot reviews. Of these reviews 76% are 5-star and 6% 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 Allica Bank or HSBC Kinetic have a better App?
Allica Bank’s iPhone App is rated 4.8 out of 5 based on 503 reviews. And it’s Android App is rated 4.4 out of 5 based on 107 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 Allica Bank or HSBC Kinetic have better business savings rates?
Allica Bank offers the following types of business savings accounts: Easy Access, Notice Account with interest rates ranging from 3.65% to 5.10%. (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.