Is Barclays or Cynergy Bank better for your small business?
Below we look at both Barclays and Cynergy 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.
Barclays vs Cynergy Bank Trustpilot Reviews
| Barclays | Cynergy Bank | |
| Trustpilot Review Score (out of 5) | 1.4 | 4 |
| Percent 5-Star Reviews | 8% | 58% |
| Percent 1- Star Reviews | 86% | 27% |
| Total Number of Reviews | 9,859 | 2,235 |
https://www.trustpilot.com/review/www.barclays.co.uk
https://www.trustpilot.com/review/cynergybank.co.uk
Barclays vs Cynergy Bank App Reviews
| Barclays | Cynergy Bank | |
| iPhone Review Score (out of 5) | 4.8 | 1.5 |
| Number of iPhone Reviews | 1,700,000 | 350 |
| Android Review Score (out of 5) | 4.8 | 1.7 |
| Number of Android Reviews | 506,000 | 449 |
https://apps.apple.com/gb/app/barclays/id536248734
https://apps.apple.com/gb/app/cynergy-bank-authenticator/id1497728953
Barclays vs Cynergy Bank Account Fees & Charges
| Barclays | Cynergy Bank | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | 12 Months | 12 Months |
| Cheapest Monthly Account Fee | £8.50 | £25 |
| Most Expensive Monthly Account Fee | £8.50 | £25 |
| Electronic Payment Cost (in/out) | Free (up to 500 per month; 35p after) | 35p |
| Cash Payments Cost (in/out) | 60p per £100/Free | 65p per £100 |
| Cheques (in/out) | 60p each/60p each | 30p / 78p |
| CHAPS Payments Cost | £15 | £25 |
| SEPA Payments Cost | 35p | £6 |
Barclays vs Cynergy Bank Business Savings Rates
| Barclays | Cynergy Bank | |
| Types of Business Savings Accounts | Instant access, Fixed-term Treasury Reserve Accounts | Business Saver |
| Lowest Savings Rate (AER) | 1.51% | 4.00% |
| Maximum Savings Rate (AER) | 1.96% | 4.00% |
| Minimum Savings Amount | £1 | £1 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Barclays vs Cynergy Bank Account Opening Times
| Barclays | Cynergy Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | Up to 7 Working Days | 15 minutes |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Barclays vs Cynergy Bank Features & Account Types
| Barclays | Cynergy Bank | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes, via Barclaycard | Yes |
| Business Overdraft | Yes | Yes |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | No |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Mastercard | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | Yes |
| Branch Locations | UK-wide | London, Redhill, Birmingham, Manchester and Glasgow |
Barclays vs Cynergy Bank Customer Support Options
| Barclays | Cynergy 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 |
Barclays vs Cynergy Bank Foreign Currency Accounts
| Barclays | Cynergy Bank | |
| US Dollar (USD) Bank Accounts | Yes | No |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
| No |
Other Business Services From Barclays and Cynergy Bank
| Barclays | Cynergy Bank | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes, via Barclaycard | No |
| Card Machines | Yes, via Barclaycard | No |
| Free Accounting Software | Yes, FreshBooks | No |
Barclays vs Cynergy Bank Banking Basics
| Barclays | Cynergy Bank | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 122702 | 575105 |
| Website | Barclays Website | Cynergy Bank Website |
Common Comparison Questions
Does Barclays or Cynergy Bank have better customer reviews?
Barclays scores 1.4 out of 5 based 9,859 Trustpilot reviews. Of these reviews 8% are 5-star and 86% are 1-star.
Whereas, Cynergy Bank scores 4 out of 5 based 2,235 Trustpilot reviews. Of which 58% are 5-star and 27% are 1-star.
Does Barclays or Cynergy Bank have a better App?
Barclays’s iPhone App is rated 4.8 out of 5 based on 1,700,000 reviews. And it’s Android App is rated 4.8 out of 5 based on 506,000 reviews.
In comparison, Cynergy Bank’s iPhone App is rated 1.5 out of 5 based on 350 reviews. And it’s Android App is rated 1.7 out of 5 based on 449 reviews.
Does Barclays or Cynergy Bank have better business savings rates?
Barclays offers the following types of business savings accounts: Instant access, Fixed-term Treasury Reserve Accounts with interest rates ranging from 1.51% to 1.96%. (AER)
In contrast, Cynergy Bank offers Business Saver accounts with interest rates ranging from 4.00% to 4.00% (AER).
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For other business bank accounts see our guide here.