Is Bank of Scotland or Shawbrook Bank better for your small business?
Below we look at both Bank of Scotland and Shawbrook Bank 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 Shawbrook Bank Trustpilot Reviews
| Bank of Scotland | Shawbrook Bank | |
| Trustpilot Review Score (out of 5) | 1.6 | 4.7 |
| Percent 5-Star Reviews | 12% | 85% |
| Percent 1- Star Reviews | 80% | 7% |
| Total Number of Reviews | 649 | 10,747 |
https://www.trustpilot.com/review/www.bankofscotland.co.uk
https://www.trustpilot.com/review/www.shawbrook.co.uk
Bank of Scotland vs Shawbrook Bank App Reviews
| Bank of Scotland | Shawbrook Bank | |
| iPhone Review Score (out of 5) | 4.8 | No Rating |
| Number of iPhone Reviews | 269,400 | No Reviews |
| Android Review Score (out of 5) | 4.5 | No Rating |
| Number of Android Reviews | 44,100 | No Reviews |
https://apps.apple.com/gb/app/bank-of-scotland-mobile-bank/id485728109
https://www.apple.com/uk/app-store/
Bank of Scotland vs Shawbrook Bank Account Fees & Charges
| Bank of Scotland | Shawbrook Bank | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 12 Months | NA |
| Cheapest Monthly Account Fee | £8.50 | Free |
| Most Expensive Monthly Account Fee | £8.50 | £12 |
| 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 | £35 |
| SEPA Payments Cost | £5 | No |
Bank of Scotland vs Shawbrook Bank Business Savings Rates
| Bank of Scotland | Shawbrook Bank | |
| Types of Business Savings Accounts | Fixed Term Deposit, Notice Accounts, Instant Access Account | Easy Access, Fixed Rate, Notice Accounts |
| Lowest Savings Rate (AER) | 1.31% | 3.66% |
| Maximum Savings Rate (AER) | 4.37% | 5.03% |
| Minimum Savings Amount | £1 | £1,000 |
| Interest Paid On Foreign Currencies | Yes | No |
Bank of Scotland vs Shawbrook Bank Account Opening Times
| Bank of Scotland | Shawbrook Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 Working days | 5 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | No |
Bank of Scotland vs Shawbrook Bank Features & Account Types
| Bank of Scotland | Shawbrook Bank | |
| Business Current Account | Yes | No |
| 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 | None |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | No |
| In Person/Branch Banking | Yes | No |
| Branch Locations | Scotland only | Limited locations accross the UK |
Bank of Scotland vs Shawbrook Bank Customer Support Options
| Bank of Scotland | Shawbrook Bank | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | No |
| Web Based Support | Yes | Yes |
| In person Customer Support | Yes | No |
Bank of Scotland vs Shawbrook Bank Foreign Currency Accounts
| Bank of Scotland | Shawbrook Bank | |
| US Dollar (USD) Bank Accounts | Yes | No |
| Euro (EUR) Bank Accounts | Yes | No |
| Other Currencies Available: |
| No |
Other Business Services From Bank of Scotland and Shawbrook Bank
| Bank of Scotland | Shawbrook Bank | |
| 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 Shawbrook Bank Banking Basics
| Bank of Scotland | Shawbrook Bank | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 169628 | 204574 |
| Website | Bank of Scotland Website | Shawbrook Bank Website |
Common Comparison Questions
Does Bank of Scotland or Shawbrook Bank 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, Shawbrook Bank scores 4.7 out of 5 based 10,747 Trustpilot reviews. Of which 85% are 5-star and 7% are 1-star.
Does Bank of Scotland or Shawbrook Bank 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, Shawbrook Bank’s iPhone App is rated No Rating out of 5 based on No Reviews reviews. And it’s Android App is rated No Rating out of 5 based on No Reviews reviews.
Does Bank of Scotland or Shawbrook Bank 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, Shawbrook Bank offers Easy Access, Fixed Rate, Notice Accounts accounts with interest rates ranging from 3.66% to 5.03% (AER).
See Other Comparisons:Bank of Scotland vs RBS (Royal Bank of Scotland)
Bank of Scotland vs Wise
Bank of Scotland vs Revolut Business
Bank of Scotland vs Danske Bank UK
Bank of Scotland vs Ulster Bank
For other business bank accounts see our guide here.