Is Bank of Scotland or ICICI Bank UK better for your small business?
Below we look at both Bank of Scotland and ICICI 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 ICICI Bank UK Trustpilot Reviews
| Bank of Scotland | ICICI Bank UK | |
| Trustpilot Review Score (out of 5) | 1.6 | 2.7 |
| Percent 5-Star Reviews | 12% | 18% |
| Percent 1- Star Reviews | 80% | 74% |
| Total Number of Reviews | 649 | 23 |
https://www.trustpilot.com/review/www.bankofscotland.co.uk
https://www.trustpilot.com/review/www.icicibank.co.uk
Bank of Scotland vs ICICI Bank UK App Reviews
| Bank of Scotland | ICICI Bank UK | |
| iPhone Review Score (out of 5) | 4.8 | 2.7 |
| Number of iPhone Reviews | 269,400 | 237 |
| Android Review Score (out of 5) | 4.5 | 4 |
| Number of Android Reviews | 44,100 | 684 |
https://apps.apple.com/gb/app/bank-of-scotland-mobile-bank/id485728109
https://apps.apple.com/gb/app/icici-bank-uk-imobile/id1223898732
Bank of Scotland vs ICICI Bank UK Account Fees & Charges
| Bank of Scotland | ICICI Bank UK | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 12 Months | NA |
| Cheapest Monthly Account Fee | £8.50 | £5 |
| Most Expensive Monthly Account Fee | £8.50 | £15 |
| Electronic Payment Cost (in/out) | Free / 20p | 25p |
| Cash Payments Cost (in/out) | £85p / £1.50 per £100 | £5 per £1,000 / free |
| Cheques (in/out) | 85p per cheque | £1 |
| CHAPS Payments Cost | £30 | £20 |
| SEPA Payments Cost | £5 | No |
Bank of Scotland vs ICICI Bank UK Business Savings Rates
| Bank of Scotland | ICICI Bank UK | |
| Types of Business Savings Accounts | Fixed Term Deposit, Notice Accounts, Instant Access Account | Business Savings Account, Business Fixed Deposit |
| Lowest Savings Rate (AER) | 1.31% | 2.85% |
| Maximum Savings Rate (AER) | 4.37% | 4.50% |
| Minimum Savings Amount | £1 | £1 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Bank of Scotland vs ICICI Bank UK Account Opening Times
| Bank of Scotland | ICICI Bank UK | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 Working days | 2 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Bank of Scotland vs ICICI Bank UK Features & Account Types
| Bank of Scotland | ICICI 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 | London, Birmingham and Manchester |
Bank of Scotland vs ICICI Bank UK Customer Support Options
| Bank of Scotland | ICICI 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 ICICI Bank UK Foreign Currency Accounts
| Bank of Scotland | ICICI Bank UK | |
| 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 ICICI Bank UK
| Bank of Scotland | ICICI Bank UK | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | No |
| Card Machines | Yes | No |
| Free Accounting Software | Yes | No |
Bank of Scotland vs ICICI Bank UK Banking Basics
| Bank of Scotland | ICICI Bank UK | |
| Bank Type | High Street | Foreign Bank |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 169628 | 223268 |
| Website | Bank of Scotland Website | ICICI Bank UK Website |
Common Comparison Questions
Does Bank of Scotland or ICICI 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, ICICI Bank UK scores 2.7 out of 5 based 23 Trustpilot reviews. Of which 18% are 5-star and 74% are 1-star.
Does Bank of Scotland or ICICI 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, ICICI Bank UK’s iPhone App is rated 2.7 out of 5 based on 237 reviews. And it’s Android App is rated 4 out of 5 based on 684 reviews.
Does Bank of Scotland or ICICI 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, ICICI Bank UK offers Business Savings Account, Business Fixed Deposit accounts with interest rates ranging from 2.85% to 4.50% (AER).
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For other business bank accounts see our guide here.