Is Cambridge Building Society or Recognise Bank better for your small business?
Below we look at both Cambridge Building Society and Recognise 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.
Cambridge Building Society vs Recognise Bank Trustpilot Reviews
| Cambridge Building Society | Recognise Bank | |
| Trustpilot Review Score (out of 5) | 3.1 | 4.6 |
| Percent 5-Star Reviews | 53% | 77% |
| Percent 1- Star Reviews | 47% | 5% |
| Total Number of Reviews | 15 | 539 |
https://www.trustpilot.com/review/www.cambridgebs.co.uk
https://www.trustpilot.com/review/recognisebank.co.uk
Cambridge Building Society vs Recognise Bank App Reviews
| Cambridge Building Society | Recognise Bank | |
| iPhone Review Score (out of 5) | 4 | No Rating |
| Number of iPhone Reviews | 35 | No Reviews |
| Android Review Score (out of 5) | 2.6 | No Rating |
| Number of Android Reviews | 29 | No Reviews |
https://apps.apple.com/gb/app/cambridge-building-society/id1228676229
https://www.apple.com/uk/app-store/
Cambridge Building Society vs Recognise Bank Account Fees & Charges
| Cambridge Building Society | Recognise Bank | |
| Free Business Bank Account | No | Yes |
| Free Business Account Term Length | NA | No Limit |
| Cheapest Monthly Account Fee | £10 | No |
| Most Expensive Monthly Account Fee | £20 | No |
| Electronic Payment Cost (in/out) | Free | Free |
| Cash Payments Cost (in/out) | £1.50 | Free |
| Cheques (in/out) | Free | Free |
| CHAPS Payments Cost | No | £15 |
| SEPA Payments Cost | No | 25p |
Cambridge Building Society vs Recognise Bank Business Savings Rates
| Cambridge Building Society | Recognise Bank | |
| Types of Business Savings Accounts | Business Saver, Council Saver, Notice Business Saver, Fixed Rate Business Bond | Notice account, Fixed Rate, Instant access |
| Lowest Savings Rate (AER) | 2.90% | 3.15% |
| Maximum Savings Rate (AER) | 4.25% | 4.50% |
| Minimum Savings Amount | £1,000 | £1,000 |
| Interest Paid On Foreign Currencies | No | Yes |
Cambridge Building Society vs Recognise Bank Account Opening Times
| Cambridge Building Society | Recognise Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | Undisclosed | Few minutes |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | No | No |
Cambridge Building Society vs Recognise Bank Features & Account Types
| Cambridge Building Society | Recognise Bank | |
| Business Current Account | No | No |
| Business Savings Account | Yes | Yes |
| Business Credit Card | No | No |
| Business Overdraft | No | No |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | No |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | None | None |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | No |
| In Person/Branch Banking | Yes | No |
| Branch Locations | Locations around Cambridge | None, online and phone only |
Cambridge Building Society vs Recognise Bank Customer Support Options
| Cambridge Building Society | Recognise Bank | |
| 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 |
Cambridge Building Society vs Recognise Bank Foreign Currency Accounts
| Cambridge Building Society | Recognise Bank | |
| US Dollar (USD) Bank Accounts | No | Yes |
| Euro (EUR) Bank Accounts | No | Yes |
| Other Currencies Available: | No |
|
Other Business Services From Cambridge Building Society and Recognise Bank
| Cambridge Building Society | Recognise Bank | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | No | No |
| International Payments | Yes | No |
| Merchant Payment Services | No | No |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Cambridge Building Society vs Recognise Bank Banking Basics
| Cambridge Building Society | Recognise Bank | |
| Bank Type | Building Society | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 157223 | 849404 |
| Website | Cambridge Building Society Website | Recognise Bank Website |
Common Comparison Questions
Does Cambridge Building Society or Recognise Bank have better customer reviews?
Cambridge Building Society scores 3.1 out of 5 based 15 Trustpilot reviews. Of these reviews 53% are 5-star and 47% are 1-star.
Whereas, Recognise Bank scores 4.6 out of 5 based 539 Trustpilot reviews. Of which 77% are 5-star and 5% are 1-star.
Does Cambridge Building Society or Recognise Bank have a better App?
Cambridge Building Society’s iPhone App is rated 4 out of 5 based on 35 reviews. And it’s Android App is rated 2.6 out of 5 based on 29 reviews.
In comparison, Recognise Bank’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 Cambridge Building Society or Recognise Bank have better business savings rates?
Cambridge Building Society offers the following types of business savings accounts: Business Saver, Council Saver, Notice Business Saver, Fixed Rate Business Bond with interest rates ranging from 2.90% to 4.25%. (AER)
In contrast, Recognise Bank offers Notice account, Fixed Rate, Instant access accounts with interest rates ranging from 3.15% to 4.50% (AER).
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For other business bank accounts see our guide here.