Is Bank of Scotland or Zempler Bank (formerly Cashplus) better for your small business?
Below we look at both Bank of Scotland and Zempler Bank (formerly Cashplus) 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.
Bank of Scotland vs Zempler Bank (formerly Cashplus) Trustpilot Reviews
| Bank of Scotland | Zempler Bank (formerly Cashplus) | |
| Trustpilot Review Score (out of 5) | 1.6 | 3.7 |
| Percent 5-Star Reviews | 12% | 54% |
| Percent 1- Star Reviews | 80% | 30% |
| Total Number of Reviews | 649 | 9,921 |
https://www.trustpilot.com/review/www.bankofscotland.co.uk
https://www.trustpilot.com/review/www.cashplus.com
Bank of Scotland vs Zempler Bank (formerly Cashplus) App Reviews
| Bank of Scotland | Zempler Bank (formerly Cashplus) | |
| iPhone Review Score (out of 5) | 4.8 | 4.7 |
| Number of iPhone Reviews | 269,400 | 48,000 |
| Android Review Score (out of 5) | 4.5 | 4.5 |
| Number of Android Reviews | 44,100 | 23,400 |
https://apps.apple.com/gb/app/bank-of-scotland-mobile-bank/id485728109
https://apps.apple.com/gb/app/cashplus-bank/id709473017
Bank of Scotland vs Zempler Bank (formerly Cashplus) Account Fees & Charges
| Bank of Scotland | Zempler Bank (formerly Cashplus) | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | 12 Months | No Limit |
| Cheapest Monthly Account Fee | £8.50 | No |
| Most Expensive Monthly Account Fee | £8.50 | £9 |
| Electronic Payment Cost (in/out) | Free / 20p | Free / 30p |
| Cash Payments Cost (in/out) | £85p / £1.50 per £100 | 0.5% / £2 |
| Cheques (in/out) | 85p per cheque | Unknown |
| CHAPS Payments Cost | £30 | £20 |
| SEPA Payments Cost | £5 | £15 |
Bank of Scotland vs Zempler Bank (formerly Cashplus) Business Savings Rates
| Bank of Scotland | Zempler Bank (formerly Cashplus) | |
| Types of Business Savings Accounts | Fixed Term Deposit, Notice Accounts, Instant Access Account | None |
| Lowest Savings Rate (AER) | 1.31% | NA |
| Maximum Savings Rate (AER) | 4.37% | NA |
| Minimum Savings Amount | £1 | NA |
| Interest Paid On Foreign Currencies | Yes | No |
Bank of Scotland vs Zempler Bank (formerly Cashplus) Account Opening Times
| Bank of Scotland | Zempler Bank (formerly Cashplus) | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 Working days | 1 day |
| Do They Check Your Credit? | Yes | No |
| Current Account Switch Service | Yes | No |
Bank of Scotland vs Zempler Bank (formerly Cashplus) Features & Account Types
| Bank of Scotland | Zempler Bank (formerly Cashplus) | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | No |
| Business Credit Card | Yes | Yes |
| Business Overdraft | Yes | Yes |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | Yes |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Visa | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | No |
| Branch Locations | Scotland only | None, online only |
Bank of Scotland vs Zempler Bank (formerly Cashplus) Customer Support Options
| Bank of Scotland | Zempler Bank (formerly Cashplus) | |
| 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 |
Bank of Scotland vs Zempler Bank (formerly Cashplus) Foreign Currency Accounts
| Bank of Scotland | Zempler Bank (formerly Cashplus) | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
| No |
Other Business Services From Bank of Scotland and Zempler Bank (formerly Cashplus)
| Bank of Scotland | Zempler Bank (formerly Cashplus) | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | Yes | No |
| Free Accounting Software | Yes | No |
Bank of Scotland vs Zempler Bank (formerly Cashplus) Banking Basics
| Bank of Scotland | Zempler Bank (formerly Cashplus) | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 169628 | 671140 |
| Website | Bank of Scotland Website | Zempler Bank (formerly Cashplus) Website |
Common Comparison Questions
Does Bank of Scotland or Zempler Bank (formerly Cashplus) have better customer reviews?
Bank of Scotland scores 1.6 out of 5 based 649 Trustpilot reviews. Of these reviews 12% are 5-star and 80% are 1-star.
Whereas, Zempler Bank (formerly Cashplus) scores 3.7 out of 5 based 9,921 Trustpilot reviews. Of which 54% are 5-star and 30% are 1-star.
Does Bank of Scotland or Zempler Bank (formerly Cashplus) have a better App?
Bank of Scotland’s iPhone App is rated 4.8 out of 5 based on 269,400 reviews. And it’s Android App is rated 4.5 out of 5 based on 44,100 reviews.
In comparison, Zempler Bank (formerly Cashplus)’s iPhone App is rated 4.7 out of 5 based on 48,000 reviews. And it’s Android App is rated 4.5 out of 5 based on 23,400 reviews.
Does Bank of Scotland or Zempler Bank (formerly Cashplus) have better business savings rates?
Bank of Scotland offers the following types of business savings accounts: Fixed Term Deposit, Notice Accounts, Instant Access Account with interest rates ranging from 1.31% to 4.37%. (AER)
In contrast, Zempler Bank (formerly Cashplus) 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.