Is Bank of Scotland or Ulster Bank better for your small business?
Below we look at both Bank of Scotland and Ulster 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 Ulster Bank Trustpilot Reviews
| Bank of Scotland | Ulster Bank | |
| Trustpilot Review Score (out of 5) | 1.6 | 1.5 |
| Percent 5-Star Reviews | 12% | 8% |
| Percent 1- Star Reviews | 80% | 86% |
| Total Number of Reviews | 649 | 114 |
https://www.trustpilot.com/review/www.bankofscotland.co.uk
https://www.trustpilot.com/review/www.ulsterbank.co.uk
Bank of Scotland vs Ulster Bank App Reviews
| Bank of Scotland | Ulster Bank | |
| iPhone Review Score (out of 5) | 4.8 | 4.8 |
| Number of iPhone Reviews | 269,400 | 15,700 |
| Android Review Score (out of 5) | 4.5 | 4.1 |
| Number of Android Reviews | 44,100 | 15,000 |
https://apps.apple.com/gb/app/bank-of-scotland-mobile-bank/id485728109
https://apps.apple.com/gb/app/ulster-bank-ni-mobile-banking/id469523324
Bank of Scotland vs Ulster Bank Account Fees & Charges
| Bank of Scotland | Ulster Bank | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | 12 Months | 24 Months |
| Cheapest Monthly Account Fee | £8.50 | £8 |
| Most Expensive Monthly Account Fee | £8.50 | £12 |
| Electronic Payment Cost (in/out) | Free / 20p | 43p |
| Cash Payments Cost (in/out) | £85p / £1.50 per £100 | 70p per £100 |
| Cheques (in/out) | 85p per cheque | 40p |
| CHAPS Payments Cost | £30 | £18.75 |
| SEPA Payments Cost | £5 | €0.51 |
Bank of Scotland vs Ulster Bank Business Savings Rates
| Bank of Scotland | Ulster Bank | |
| Types of Business Savings Accounts | Fixed Term Deposit, Notice Accounts, Instant Access Account | Instant access accounts, Fixed term accounts, Currency savings accounts |
| Lowest Savings Rate (AER) | 1.31% | 1.46% |
| Maximum Savings Rate (AER) | 4.37% | 1.92% |
| Minimum Savings Amount | £1 | No |
| Interest Paid On Foreign Currencies | Yes | Yes |
Bank of Scotland vs Ulster Bank Account Opening Times
| Bank of Scotland | Ulster Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 Working days | 24 working hours |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Bank of Scotland vs Ulster Bank Features & Account Types
| Bank of Scotland | Ulster Bank | |
| 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 | Northern Ireland Only |
Bank of Scotland vs Ulster Bank Customer Support Options
| Bank of Scotland | Ulster Bank | |
| 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 Ulster Bank Foreign Currency Accounts
| Bank of Scotland | Ulster Bank | |
| 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 Ulster Bank
| Bank of Scotland | Ulster Bank | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | Yes | Yes |
| Free Accounting Software | Yes | Yes |
Bank of Scotland vs Ulster Bank Banking Basics
| Bank of Scotland | Ulster Bank | |
| Bank Type | High Street | High Street |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 169628 | NA |
| Website | Bank of Scotland Website | Ulster Bank Website |
Common Comparison Questions
Does Bank of Scotland or Ulster 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, Ulster Bank scores 1.5 out of 5 based 114 Trustpilot reviews. Of which 8% are 5-star and 86% are 1-star.
Does Bank of Scotland or Ulster 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, Ulster Bank’s iPhone App is rated 4.8 out of 5 based on 15,700 reviews. And it’s Android App is rated 4.1 out of 5 based on 15,000 reviews.
Does Bank of Scotland or Ulster 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, Ulster Bank offers Instant access accounts, Fixed term accounts, Currency savings accounts accounts with interest rates ranging from 1.46% to 1.92% (AER).
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Bank of Scotland vs Co-operative Bank
Bank of Scotland vs Aldermore
For other business bank accounts see our guide here.