Is Bank of Scotland or SumUp Business Account better for your small business?
Below we look at both Bank of Scotland and SumUp Business Account 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 SumUp Business Account Trustpilot Reviews
| Bank of Scotland | SumUp Business Account | |
| Trustpilot Review Score (out of 5) | 1.6 | 4.2 |
| Percent 5-Star Reviews | 12% | 64% |
| Percent 1- Star Reviews | 80% | 22% |
| Total Number of Reviews | 649 | 18,247 |
https://www.trustpilot.com/review/www.bankofscotland.co.uk
https://www.trustpilot.com/review/sumup.com
Bank of Scotland vs SumUp Business Account App Reviews
| Bank of Scotland | SumUp Business Account | |
| iPhone Review Score (out of 5) | 4.8 | 4.8 |
| Number of iPhone Reviews | 269,400 | 12,400 |
| Android Review Score (out of 5) | 4.5 | 4.7 |
| Number of Android Reviews | 44,100 | 84,500 |
https://apps.apple.com/gb/app/bank-of-scotland-mobile-bank/id485728109
https://apps.apple.com/gb/app/sumup/id514879214
Bank of Scotland vs SumUp Business Account Account Fees & Charges
| Bank of Scotland | SumUp Business Account | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | 12 Months | No Limit |
| 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 SumUp Business Account Business Savings Rates
| Bank of Scotland | SumUp Business Account | |
| 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 | No |
Bank of Scotland vs SumUp Business Account Account Opening Times
| Bank of Scotland | SumUp Business Account | |
| 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 | Yes |
| Current Account Switch Service | Yes | No |
Bank of Scotland vs SumUp Business Account Features & Account Types
| Bank of Scotland | SumUp Business Account | |
| 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 | Yes |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | No |
| 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 SumUp Business Account Customer Support Options
| Bank of Scotland | SumUp Business Account | |
| 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 SumUp Business Account Foreign Currency Accounts
| Bank of Scotland | SumUp Business Account | |
| 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 SumUp Business Account
| Bank of Scotland | SumUp Business Account | |
| 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 SumUp Business Account Banking Basics
| Bank of Scotland | SumUp Business Account | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | No |
| FCA Number | 169628 | 900700 |
| Website | Bank of Scotland Website | SumUp Business Account Website |
Common Comparison Questions
Does Bank of Scotland or SumUp Business Account 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, SumUp Business Account scores 4.2 out of 5 based 18,247 Trustpilot reviews. Of which 64% are 5-star and 22% are 1-star.
Does Bank of Scotland or SumUp Business Account 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, SumUp Business Account’s iPhone App is rated 4.8 out of 5 based on 12,400 reviews. And it’s Android App is rated 4.7 out of 5 based on 84,500 reviews.
Does Bank of Scotland or SumUp Business Account 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, SumUp Business Account offers None accounts with interest rates ranging from NA to NA (AER).
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For other business bank accounts see our guide here.