Is Barclays or HSBC Kinetic better for your small business?
Below we look at both Barclays and HSBC Kinetic 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 HSBC Kinetic Trustpilot Reviews
| Barclays | HSBC Kinetic | |
| Trustpilot Review Score (out of 5) | 1.4 | 1.9 |
| Percent 5-Star Reviews | 8% | 0% |
| Percent 1- Star Reviews | 86% | 100% |
| Total Number of Reviews | 9,859 | 13 |
https://www.trustpilot.com/review/www.barclays.co.uk
https://www.trustpilot.com/review/hsbckinetic.co.uk
Barclays vs HSBC Kinetic App Reviews
| Barclays | HSBC Kinetic | |
| iPhone Review Score (out of 5) | 4.8 | 4.8 |
| Number of iPhone Reviews | 1,700,000 | 15,000 |
| Android Review Score (out of 5) | 4.8 | 4.7 |
| Number of Android Reviews | 506,000 | 4,000 |
https://apps.apple.com/gb/app/barclays/id536248734
https://apps.apple.com/gb/app/hsbc-kinetic/id1457310350
Barclays vs HSBC Kinetic Account Fees & Charges
| Barclays | HSBC Kinetic | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | 12 Months | 12 Months |
| Cheapest Monthly Account Fee | £8.50 | £6.50 |
| Most Expensive Monthly Account Fee | £8.50 | £6.50 |
| Electronic Payment Cost (in/out) | Free (up to 500 per month; 35p after) | Free |
| Cash Payments Cost (in/out) | 60p per £100/Free | 1.10% |
| Cheques (in/out) | 60p each/60p each | 50p per cheque |
| CHAPS Payments Cost | £15 | £17 |
| SEPA Payments Cost | 35p | 24p |
Barclays vs HSBC Kinetic Business Savings Rates
| Barclays | HSBC Kinetic | |
| Types of Business Savings Accounts | Instant access, Fixed-term Treasury Reserve Accounts | Instant access, 30+ day, 60+ day |
| Lowest Savings Rate (AER) | 1.51% | 1.94% |
| Maximum Savings Rate (AER) | 1.96% | 2.02% |
| Minimum Savings Amount | £1 | No |
| Interest Paid On Foreign Currencies | Yes | Yes |
Barclays vs HSBC Kinetic Account Opening Times
| Barclays | HSBC Kinetic | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | Up to 7 Working Days | 48 hours |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Barclays vs HSBC Kinetic Features & Account Types
| Barclays | HSBC Kinetic | |
| 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 | No |
| Card Type | Mastercard | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | No |
| Branch Locations | UK-wide | Can use HSBC branches for some services |
Barclays vs HSBC Kinetic Customer Support Options
| Barclays | HSBC Kinetic | |
| 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 |
Barclays vs HSBC Kinetic Foreign Currency Accounts
| Barclays | HSBC Kinetic | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
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Other Business Services From Barclays and HSBC Kinetic
| Barclays | HSBC Kinetic | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes, via Barclaycard | Yes |
| Card Machines | Yes, via Barclaycard | No |
| Free Accounting Software | Yes, FreshBooks | No |
Barclays vs HSBC Kinetic Banking Basics
| Barclays | HSBC Kinetic | |
| Bank Type | High Street | High Street/Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 122702 | 765112 |
| Website | Barclays Website | HSBC Kinetic Website |
Common Comparison Questions
Does Barclays or HSBC Kinetic 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, HSBC Kinetic scores 1.9 out of 5 based 13 Trustpilot reviews. Of which 0% are 5-star and 100% are 1-star.
Does Barclays or HSBC Kinetic 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, HSBC Kinetic’s iPhone App is rated 4.8 out of 5 based on 15,000 reviews. And it’s Android App is rated 4.7 out of 5 based on 4,000 reviews.
Does Barclays or HSBC Kinetic 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, HSBC Kinetic offers Instant access, 30+ day, 60+ day accounts with interest rates ranging from 1.94% to 2.02% (AER).
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For other business bank accounts see our guide here.