Is Bank of Scotland or HSBC Kinetic better for your small business?
Below we look at both Bank of Scotland 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.
Bank of Scotland vs HSBC Kinetic Trustpilot Reviews
| Bank of Scotland | HSBC Kinetic | |
| Trustpilot Review Score (out of 5) | 1.6 | 1.9 |
| Percent 5-Star Reviews | 12% | 0% |
| Percent 1- Star Reviews | 80% | 100% |
| Total Number of Reviews | 649 | 13 |
https://www.trustpilot.com/review/www.bankofscotland.co.uk
https://www.trustpilot.com/review/hsbckinetic.co.uk
Bank of Scotland vs HSBC Kinetic App Reviews
| Bank of Scotland | HSBC Kinetic | |
| iPhone Review Score (out of 5) | 4.8 | 4.8 |
| Number of iPhone Reviews | 269,400 | 15,000 |
| Android Review Score (out of 5) | 4.5 | 4.7 |
| Number of Android Reviews | 44,100 | 4,000 |
https://apps.apple.com/gb/app/bank-of-scotland-mobile-bank/id485728109
https://apps.apple.com/gb/app/hsbc-kinetic/id1457310350
Bank of Scotland vs HSBC Kinetic Account Fees & Charges
| Bank of Scotland | HSBC Kinetic | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | 12 Months | 12 Months |
| Cheapest Monthly Account Fee | £8.50 | £6.50 |
| Most Expensive Monthly Account Fee | £8.50 | £6.50 |
| Electronic Payment Cost (in/out) | Free / 20p | Free |
| Cash Payments Cost (in/out) | £85p / £1.50 per £100 | 1.10% |
| Cheques (in/out) | 85p per cheque | 50p per cheque |
| CHAPS Payments Cost | £30 | £17 |
| SEPA Payments Cost | £5 | 24p |
Bank of Scotland vs HSBC Kinetic Business Savings Rates
| Bank of Scotland | HSBC Kinetic | |
| Types of Business Savings Accounts | Fixed Term Deposit, Notice Accounts, Instant Access Account | Instant access, 30+ day, 60+ day |
| Lowest Savings Rate (AER) | 1.31% | 1.94% |
| Maximum Savings Rate (AER) | 4.37% | 2.02% |
| Minimum Savings Amount | £1 | No |
| Interest Paid On Foreign Currencies | Yes | Yes |
Bank of Scotland vs HSBC Kinetic Account Opening Times
| Bank of Scotland | HSBC Kinetic | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 Working days | 48 hours |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Bank of Scotland vs HSBC Kinetic Features & Account Types
| Bank of Scotland | HSBC Kinetic | |
| 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 | No |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | No |
| Card Type | Visa | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | No |
| Branch Locations | Scotland only | Can use HSBC branches for some services |
Bank of Scotland vs HSBC Kinetic Customer Support Options
| Bank of Scotland | 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 |
Bank of Scotland vs HSBC Kinetic Foreign Currency Accounts
| Bank of Scotland | HSBC Kinetic | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
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Other Business Services From Bank of Scotland and HSBC Kinetic
| Bank of Scotland | HSBC Kinetic | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | Yes | No |
| Free Accounting Software | Yes | No |
Bank of Scotland vs HSBC Kinetic Banking Basics
| Bank of Scotland | HSBC Kinetic | |
| Bank Type | High Street | High Street/Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 169628 | 765112 |
| Website | Bank of Scotland Website | HSBC Kinetic Website |
Common Comparison Questions
Does Bank of Scotland or HSBC Kinetic 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, HSBC Kinetic scores 1.9 out of 5 based 13 Trustpilot reviews. Of which 0% are 5-star and 100% are 1-star.
Does Bank of Scotland or HSBC Kinetic 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, 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 Bank of Scotland or HSBC Kinetic 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, HSBC Kinetic offers Instant access, 30+ day, 60+ day accounts with interest rates ranging from 1.94% to 2.02% (AER).
See Other Comparisons:Bank of Scotland vs CardOneMoney
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Bank of Scotland vs Charity Bank
For other business bank accounts see our guide here.