Is Barclays or Reliance Bank better for your small business?
Below we look at both Barclays and Reliance 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 Reliance Bank Trustpilot Reviews
| Barclays | Reliance Bank | |
| Trustpilot Review Score (out of 5) | 1.4 | 3.4 |
| Percent 5-Star Reviews | 8% | 25% |
| Percent 1- Star Reviews | 86% | 25% |
| Total Number of Reviews | 9,859 | 4 |
https://www.trustpilot.com/review/www.barclays.co.uk
https://www.trustpilot.com/review/www.reliancebankltd.com
Barclays vs Reliance Bank App Reviews
| Barclays | Reliance Bank | |
| iPhone Review Score (out of 5) | 4.8 | 4.7 |
| Number of iPhone Reviews | 1,700,000 | 451 |
| Android Review Score (out of 5) | 4.8 | 4 |
| Number of Android Reviews | 506,000 | 144 |
https://apps.apple.com/gb/app/barclays/id536248734
https://apps.apple.com/us/app/reliance-bank-mobile-banking/id1050676219
Barclays vs Reliance Bank Account Fees & Charges
| Barclays | Reliance Bank | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 12 Months | NA |
| Cheapest Monthly Account Fee | £8.50 | £7.50 |
| Most Expensive Monthly Account Fee | £8.50 | £7.50 |
| Electronic Payment Cost (in/out) | Free (up to 500 per month; 35p after) | 25p |
| Cash Payments Cost (in/out) | 60p per £100/Free | 30p / 25p per £100 |
| Cheques (in/out) | 60p each/60p each | 30p / 25p |
| CHAPS Payments Cost | £15 | £15 |
| SEPA Payments Cost | 35p | 25p |
Barclays vs Reliance Bank Business Savings Rates
| Barclays | Reliance Bank | |
| Types of Business Savings Accounts | Instant access, Fixed-term Treasury Reserve Accounts | Instant Access, Fixed Term, Notice Savings |
| Lowest Savings Rate (AER) | 1.51% | 2.15% |
| Maximum Savings Rate (AER) | 1.96% | 4.40% |
| Minimum Savings Amount | £1 | £1,000 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Barclays vs Reliance Bank Account Opening Times
| Barclays | Reliance Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | Up to 7 Working Days | 7 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Barclays vs Reliance Bank Features & Account Types
| Barclays | Reliance Bank | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes, via Barclaycard | No |
| Business Overdraft | Yes | Yes |
| Accounts For Startups | Yes | No |
| Accounts For Charities | Yes | Yes |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Mastercard | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | Yes |
| Branch Locations | UK-wide | London |
Barclays vs Reliance Bank Customer Support Options
| Barclays | Reliance 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 Reliance Bank Foreign Currency Accounts
| Barclays | Reliance 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 Barclays and Reliance Bank
| Barclays | Reliance Bank | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| 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 Reliance Bank Banking Basics
| Barclays | Reliance Bank | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 122702 | 204537 |
| Website | Barclays Website | Reliance Bank Website |
Common Comparison Questions
Does Barclays or Reliance 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, Reliance Bank scores 3.4 out of 5 based 4 Trustpilot reviews. Of which 25% are 5-star and 25% are 1-star.
Does Barclays or Reliance 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, Reliance Bank’s iPhone App is rated 4.7 out of 5 based on 451 reviews. And it’s Android App is rated 4 out of 5 based on 144 reviews.
Does Barclays or Reliance 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, Reliance Bank offers Instant Access, Fixed Term, Notice Savings accounts with interest rates ranging from 2.15% to 4.40% (AER).
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For other business bank accounts see our guide here.