Is Bank of Scotland or Danske Bank UK better for your small business?
Below we look at both Bank of Scotland and Danske Bank UK 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 Danske Bank UK Trustpilot Reviews
| Bank of Scotland | Danske Bank UK | |
| Trustpilot Review Score (out of 5) | 1.6 | 2 |
| Percent 5-Star Reviews | 12% | 12% |
| Percent 1- Star Reviews | 80% | 71% |
| Total Number of Reviews | 649 | 24 |
https://www.trustpilot.com/review/www.bankofscotland.co.uk
https://www.trustpilot.com/review/danskebank.co.uk
Bank of Scotland vs Danske Bank UK App Reviews
| Bank of Scotland | Danske Bank UK | |
| iPhone Review Score (out of 5) | 4.8 | 4.4 |
| Number of iPhone Reviews | 269,400 | 2,900 |
| Android Review Score (out of 5) | 4.5 | 4.4 |
| Number of Android Reviews | 44,100 | 2,890 |
https://apps.apple.com/gb/app/bank-of-scotland-mobile-bank/id485728109
https://apps.apple.com/gb/app/mobile-bank-uk-danske-bank/id1365361930
Bank of Scotland vs Danske Bank UK Account Fees & Charges
| Bank of Scotland | Danske Bank UK | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | 12 Months | 24 Months |
| Cheapest Monthly Account Fee | £8.50 | £7 |
| Most Expensive Monthly Account Fee | £8.50 | £48 |
| Electronic Payment Cost (in/out) | Free / 20p | 45p |
| Cash Payments Cost (in/out) | £85p / £1.50 per £100 | 90p / £1.40 per £100 |
| Cheques (in/out) | 85p per cheque | 80p / 90p per item |
| CHAPS Payments Cost | £30 | £20 |
| SEPA Payments Cost | £5 | No |
Bank of Scotland vs Danske Bank UK Business Savings Rates
| Bank of Scotland | Danske Bank UK | |
| Types of Business Savings Accounts | Fixed Term Deposit, Notice Accounts, Instant Access Account | Business Investment Account, Fixed Term Deposit |
| Lowest Savings Rate (AER) | 1.31% | 1.65% |
| Maximum Savings Rate (AER) | 4.37% | 4.60% |
| Minimum Savings Amount | £1 | £1 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Bank of Scotland vs Danske Bank UK Account Opening Times
| Bank of Scotland | Danske Bank UK | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 Working days | 10 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Bank of Scotland vs Danske Bank UK Features & Account Types
| Bank of Scotland | Danske Bank UK | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| 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 | Yes |
| Branch Locations | Scotland only | Nothern Ireland oly |
Bank of Scotland vs Danske Bank UK Customer Support Options
| Bank of Scotland | Danske Bank UK | |
| 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 | Yes |
Bank of Scotland vs Danske Bank UK Foreign Currency Accounts
| Bank of Scotland | Danske Bank UK | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
|
|
Other Business Services From Bank of Scotland and Danske Bank UK
| Bank of Scotland | Danske Bank UK | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| 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 Danske Bank UK Banking Basics
| Bank of Scotland | Danske Bank UK | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 169628 | 122261 |
| Website | Bank of Scotland Website | Danske Bank UK Website |
Common Comparison Questions
Does Bank of Scotland or Danske Bank UK 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, Danske Bank UK scores 2 out of 5 based 24 Trustpilot reviews. Of which 12% are 5-star and 71% are 1-star.
Does Bank of Scotland or Danske Bank UK 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, Danske Bank UK’s iPhone App is rated 4.4 out of 5 based on 2,900 reviews. And it’s Android App is rated 4.4 out of 5 based on 2,890 reviews.
Does Bank of Scotland or Danske Bank UK 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, Danske Bank UK offers Business Investment Account, Fixed Term Deposit accounts with interest rates ranging from 1.65% to 4.60% (AER).
See Other Comparisons:Bank of Scotland vs Ulster Bank
Bank of Scotland vs Kent Reliance
Bank of Scotland vs Cynergy Bank
Bank of Scotland vs Zempler Bank (formerly Cashplus)
Bank of Scotland vs Co-operative Bank
For other business bank accounts see our guide here.