Is Bank of Scotland or Unity Trust better for your small business?
Below we look at both Bank of Scotland and Unity Trust 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 Unity Trust Trustpilot Reviews
| Bank of Scotland | Unity Trust | |
| Trustpilot Review Score (out of 5) | 1.6 | 4 |
| Percent 5-Star Reviews | 12% | 61% |
| Percent 1- Star Reviews | 80% | 14% |
| Total Number of Reviews | 649 | 255 |
https://www.trustpilot.com/review/www.bankofscotland.co.uk
https://www.trustpilot.com/review/unity.co.uk
Bank of Scotland vs Unity Trust App Reviews
| Bank of Scotland | Unity Trust | |
| 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 Unity Trust Account Fees & Charges
| Bank of Scotland | Unity Trust | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 12 Months | NA |
| Cheapest Monthly Account Fee | £8.50 | £6 |
| Most Expensive Monthly Account Fee | £8.50 | £6 |
| Electronic Payment Cost (in/out) | Free / 20p | 14p |
| Cash Payments Cost (in/out) | £85p / £1.50 per £100 | 50p per £100 |
| Cheques (in/out) | 85p per cheque | 30p per item |
| CHAPS Payments Cost | £30 | £28 |
| SEPA Payments Cost | £5 | 25p |
Bank of Scotland vs Unity Trust Business Savings Rates
| Bank of Scotland | Unity Trust | |
| Types of Business Savings Accounts | Fixed Term Deposit, Notice Accounts, Instant Access Account | Instant Access, Fixed Term |
| Lowest Savings Rate (AER) | 1.31% | 2.77% |
| Maximum Savings Rate (AER) | 4.37% | 5.10% |
| Minimum Savings Amount | £1 | No |
| Interest Paid On Foreign Currencies | Yes | Yes |
Bank of Scotland vs Unity Trust Account Opening Times
| Bank of Scotland | Unity Trust | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 Working days | 7 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Bank of Scotland vs Unity Trust Features & Account Types
| Bank of Scotland | Unity Trust | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | No |
| 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 | No |
| In Person/Branch Banking | Yes | No |
| Branch Locations | Scotland only | No own branches but can use NatWest, RBS or Ulster Bank locations |
Bank of Scotland vs Unity Trust Customer Support Options
| Bank of Scotland | Unity Trust | |
| 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 Unity Trust Foreign Currency Accounts
| Bank of Scotland | Unity Trust | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
|
|
Other Business Services From Bank of Scotland and Unity Trust
| Bank of Scotland | Unity Trust | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | Yes | No |
| Free Accounting Software | Yes | No |
Bank of Scotland vs Unity Trust Banking Basics
| Bank of Scotland | Unity Trust | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 169628 | 204570 |
| Website | Bank of Scotland Website | Unity Trust Website |
Common Comparison Questions
Does Bank of Scotland or Unity Trust 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, Unity Trust scores 4 out of 5 based 255 Trustpilot reviews. Of which 61% are 5-star and 14% are 1-star.
Does Bank of Scotland or Unity Trust 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, Unity Trust’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 Unity Trust 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, Unity Trust offers Instant Access, Fixed Term accounts with interest rates ranging from 2.77% to 5.10% (AER).
See Other Comparisons:Bank of Scotland vs United Trust Bank
Bank of Scotland vs HSBC Kinetic
Bank of Scotland vs CardOneMoney
Bank of Scotland vs Fair Everywhere
Bank of Scotland vs Countingup
For other business bank accounts see our guide here.