Is Bank of Scotland or PayPal Debit better for your small business?
Below we look at both Bank of Scotland and PayPal Debit 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 PayPal Debit Trustpilot Reviews
| Bank of Scotland | PayPal Debit | |
| Trustpilot Review Score (out of 5) | 1.6 | 1.4 |
| Percent 5-Star Reviews | 12% | 20% |
| Percent 1- Star Reviews | 80% | 73% |
| Total Number of Reviews | 649 | 5,277 |
https://www.trustpilot.com/review/www.bankofscotland.co.uk
https://www.trustpilot.com/review/www.paypal.co.uk
Bank of Scotland vs PayPal Debit App Reviews
| Bank of Scotland | PayPal Debit | |
| iPhone Review Score (out of 5) | 4.8 | 4.1 |
| Number of iPhone Reviews | 269,400 | 1,600 |
| Android Review Score (out of 5) | 4.5 | 3.3 |
| Number of Android Reviews | 44,100 | 91,500 |
https://apps.apple.com/gb/app/bank-of-scotland-mobile-bank/id485728109
https://apps.apple.com/gb/app/paypal-business/id1053148887
Bank of Scotland vs PayPal Debit Account Fees & Charges
| Bank of Scotland | PayPal Debit | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 12 Months | NA |
| Cheapest Monthly Account Fee | £8.50 | No |
| Most Expensive Monthly Account Fee | £8.50 | No |
| Electronic Payment Cost (in/out) | Free / 20p | Free |
| Cash Payments Cost (in/out) | £85p / £1.50 per £100 | Free |
| Cheques (in/out) | 85p per cheque | Free |
| CHAPS Payments Cost | £30 | No |
| SEPA Payments Cost | £5 | No |
Bank of Scotland vs PayPal Debit Business Savings Rates
| Bank of Scotland | PayPal Debit | |
| 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 | Yes |
Bank of Scotland vs PayPal Debit Account Opening Times
| Bank of Scotland | PayPal Debit | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 Working days | Few minutes |
| Do They Check Your Credit? | Yes | No |
| Current Account Switch Service | Yes | Yes |
Bank of Scotland vs PayPal Debit Features & Account Types
| Bank of Scotland | PayPal Debit | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | No |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | No |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | No |
| Accounts For Sole Traders | Yes | No |
| 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 PayPal Debit Customer Support Options
| Bank of Scotland | PayPal Debit | |
| Phone Support Available | Yes | No |
| 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 PayPal Debit Foreign Currency Accounts
| Bank of Scotland | PayPal Debit | |
| 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 PayPal Debit
| Bank of Scotland | PayPal Debit | |
| Business Loans | Yes | No |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | Yes | Yes |
| Free Accounting Software | Yes | Yes |
Bank of Scotland vs PayPal Debit Banking Basics
| Bank of Scotland | PayPal Debit | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | No |
| FCA Number | 169628 | 742277 |
| Website | Bank of Scotland Website | PayPal Debit Website |
Common Comparison Questions
Does Bank of Scotland or PayPal Debit 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, PayPal Debit scores 1.4 out of 5 based 5,277 Trustpilot reviews. Of which 20% are 5-star and 73% are 1-star.
Does Bank of Scotland or PayPal Debit 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, PayPal Debit’s iPhone App is rated 4.1 out of 5 based on 1,600 reviews. And it’s Android App is rated 3.3 out of 5 based on 91,500 reviews.
Does Bank of Scotland or PayPal Debit 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, PayPal Debit offers None accounts with interest rates ranging from NA to NA (AER).
See Other Comparisons:Bank of Scotland vs Allica Bank
Bank of Scotland vs Cater Allen
Bank of Scotland vs AIB (Allied Irish Bank)
Bank of Scotland vs Unity Trust
Bank of Scotland vs United Trust Bank
For other business bank accounts see our guide here.