Is Bank of Scotland or Revolut Business better for your small business?
Below we look at both Bank of Scotland and Revolut Business 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 Revolut Business Trustpilot Reviews
| Bank of Scotland | Revolut Business | |
| Trustpilot Review Score (out of 5) | 1.6 | 4.2 |
| Percent 5-Star Reviews | 12% | 75% |
| Percent 1- Star Reviews | 80% | 10% |
| Total Number of Reviews | 649 | 148,162 |
https://www.trustpilot.com/review/www.bankofscotland.co.uk
https://www.trustpilot.com/review/www.revolut.com
Bank of Scotland vs Revolut Business App Reviews
| Bank of Scotland | Revolut Business | |
| iPhone Review Score (out of 5) | 4.8 | 4.9 |
| Number of iPhone Reviews | 269,400 | 26,200 |
| Android Review Score (out of 5) | 4.5 | 4.6 |
| Number of Android Reviews | 44,100 | 20,300 |
https://apps.apple.com/gb/app/bank-of-scotland-mobile-bank/id485728109
https://apps.apple.com/gb/app/revolut-business/id1436969262
Bank of Scotland vs Revolut Business Account Fees & Charges
| Bank of Scotland | Revolut Business | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | 12 Months | No Limit |
| Cheapest Monthly Account Fee | £8.50 | £19 |
| Most Expensive Monthly Account Fee | £8.50 | £79 |
| Electronic Payment Cost (in/out) | Free / 20p | 1% + 20p |
| Cash Payments Cost (in/out) | £85p / £1.50 per £100 | €1 |
| Cheques (in/out) | 85p per cheque | £8 |
| CHAPS Payments Cost | £30 | £25 |
| SEPA Payments Cost | £5 | 20p |
Bank of Scotland vs Revolut Business Business Savings Rates
| Bank of Scotland | Revolut Business | |
| Types of Business Savings Accounts | Fixed Term Deposit, Notice Accounts, Instant Access Account | Grow, Scale, Enterprise |
| Lowest Savings Rate (AER) | 1.31% | 2% |
| Maximum Savings Rate (AER) | 4.37% | 3% |
| Minimum Savings Amount | £1 | No |
| Interest Paid On Foreign Currencies | Yes | Yes |
Bank of Scotland vs Revolut Business Account Opening Times
| Bank of Scotland | Revolut Business | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 Working days | 10 minutes |
| Do They Check Your Credit? | Yes | No |
| Current Account Switch Service | Yes | Yes |
Bank of Scotland vs Revolut Business Features & Account Types
| Bank of Scotland | Revolut Business | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | No |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | No |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Visa | Visa |
| 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 Revolut Business Customer Support Options
| Bank of Scotland | Revolut Business | |
| 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 Revolut Business Foreign Currency Accounts
| Bank of Scotland | Revolut Business | |
| 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 Revolut Business
| Bank of Scotland | Revolut Business | |
| 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 | No |
Bank of Scotland vs Revolut Business Banking Basics
| Bank of Scotland | Revolut Business | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | No |
| FCA Number | 169628 | 900562 |
| Website | Bank of Scotland Website | Revolut Business Website |
Common Comparison Questions
Does Bank of Scotland or Revolut Business 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, Revolut Business scores 4.2 out of 5 based 148,162 Trustpilot reviews. Of which 75% are 5-star and 10% are 1-star.
Does Bank of Scotland or Revolut Business 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, Revolut Business’s iPhone App is rated 4.9 out of 5 based on 26,200 reviews. And it’s Android App is rated 4.6 out of 5 based on 20,300 reviews.
Does Bank of Scotland or Revolut Business 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, Revolut Business offers Grow, Scale, Enterprise accounts with interest rates ranging from 2% to 3% (AER).
See Other Comparisons:Bank of Scotland vs Danske Bank UK
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Bank of Scotland vs Kent Reliance
Bank of Scotland vs Cynergy Bank
Bank of Scotland vs Zempler Bank (formerly Cashplus)
For other business bank accounts see our guide here.