Is Bank of Scotland or State Bank of India (UK) better for your small business?
Below we look at both Bank of Scotland and State Bank of India (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.
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Bank of Scotland vs State Bank of India (UK) Trustpilot Reviews
| Bank of Scotland | State Bank of India (UK) | |
| Trustpilot Review Score (out of 5) | 1.6 | 3.7 |
| Percent 5-Star Reviews | 12% | 33% |
| Percent 1- Star Reviews | 80% | 34% |
| Total Number of Reviews | 649 | 3 |
https://www.trustpilot.com/review/www.bankofscotland.co.uk
https://www.trustpilot.com/review/sbiuk.statebank
Bank of Scotland vs State Bank of India (UK) App Reviews
| Bank of Scotland | State Bank of India (UK) | |
| iPhone Review Score (out of 5) | 4.8 | 2.4 |
| Number of iPhone Reviews | 269,400 | 253 |
| Android Review Score (out of 5) | 4.5 | 1.7 |
| Number of Android Reviews | 44,100 | 1,640 |
https://apps.apple.com/gb/app/bank-of-scotland-mobile-bank/id485728109
https://apps.apple.com/gb/app/yono-sbi-uk/id1454780358
Bank of Scotland vs State Bank of India (UK) Account Fees & Charges
| Bank of Scotland | State Bank of India (UK) | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 12 Months | NA |
| Cheapest Monthly Account Fee | £8.50 | £80 |
| Most Expensive Monthly Account Fee | £8.50 | £120 |
| Electronic Payment Cost (in/out) | Free / 20p | Free |
| Cash Payments Cost (in/out) | £85p / £1.50 per £100 | £3 / Free |
| Cheques (in/out) | 85p per cheque | £10.00 per cheque |
| CHAPS Payments Cost | £30 | £25 |
| SEPA Payments Cost | £5 | £25 |
Bank of Scotland vs State Bank of India (UK) Business Savings Rates
| Bank of Scotland | State Bank of India (UK) | |
| Types of Business Savings Accounts | Fixed Term Deposit, Notice Accounts, Instant Access Account | Instant Access, Notice Savings, Fixed Deposit, Limited Access |
| Lowest Savings Rate (AER) | 1.31% | 1.95% |
| Maximum Savings Rate (AER) | 4.37% | 5.00% |
| Minimum Savings Amount | £1 | £1 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Bank of Scotland vs State Bank of India (UK) Account Opening Times
| Bank of Scotland | State Bank of India (UK) | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 Working days | 3 to 4 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Bank of Scotland vs State Bank of India (UK) Features & Account Types
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| Bank of Scotland | State Bank of India (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 | Limited locations in London and Midlands |
Bank of Scotland vs State Bank of India (UK) Customer Support Options
| Bank of Scotland | State Bank of India (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 State Bank of India (UK) Foreign Currency Accounts
| Bank of Scotland | State Bank of India (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 State Bank of India (UK)
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| Bank of Scotland | State Bank of India (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 State Bank of India (UK) Banking Basics
| Bank of Scotland | State Bank of India (UK) | |
| Bank Type | High Street | Foreign Bank |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 169628 | 757156 |
| Website | Bank of Scotland Website | State Bank of India (UK) Website |
Common Comparison Questions
Does Bank of Scotland or State Bank of India (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, State Bank of India (UK) scores 3.7 out of 5 based 3 Trustpilot reviews. Of which 33% are 5-star and 34% are 1-star.
Does Bank of Scotland or State Bank of India (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, State Bank of India (UK)’s iPhone App is rated 2.4 out of 5 based on 253 reviews. And it’s Android App is rated 1.7 out of 5 based on 1,640 reviews.
Does Bank of Scotland or State Bank of India (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, State Bank of India (UK) offers Instant Access, Notice Savings, Fixed Deposit, Limited Access accounts with interest rates ranging from 1.95% to 5.00% (AER).
See Other Comparisons:Bank of Scotland vs Charity Bank
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Bank of Scotland vs ICICI Bank UK
For other business bank accounts see our guide here.