Zempler Bank (formerly Cashplus) VS State Bank of India (UK): Business Banking Review & Fee Comparison

Is Zempler Bank (formerly Cashplus) or State Bank of India (UK) better for your small business?

Below we look at both Zempler Bank (formerly Cashplus) and State Bank of India (UK) 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.

Zempler Bank (formerly Cashplus) vs State Bank of India (UK) Trustpilot Reviews

	Zempler Bank (formerly Cashplus)	State Bank of India (UK)
Trustpilot Review Score (out of 5)	3.7	3.7
Percent 5-Star Reviews	54%	33%
Percent 1- Star Reviews	30%	34%
Total Number of Reviews	9,921	3

Sources:
https://www.trustpilot.com/review/www.cashplus.com
https://www.trustpilot.com/review/sbiuk.statebank

Zempler Bank (formerly Cashplus) vs State Bank of India (UK) App Reviews

	Zempler Bank (formerly Cashplus)	State Bank of India (UK)
iPhone Review Score (out of 5)	4.7	2.4
Number of iPhone Reviews	48,000	253
Android Review Score (out of 5)	4.5	1.7
Number of Android Reviews	23,400	1,640

Sources:
https://apps.apple.com/gb/app/cashplus-bank/id709473017
https://apps.apple.com/gb/app/yono-sbi-uk/id1454780358

Zempler Bank (formerly Cashplus) vs State Bank of India (UK) Account Fees & Charges

	Zempler Bank (formerly Cashplus)	State Bank of India (UK)
Free Business Bank Account	Yes	No
Free Business Account Term Length	No Limit	NA
Cheapest Monthly Account Fee	No	£80
Most Expensive Monthly Account Fee	£9	£120
Electronic Payment Cost (in/out)	Free / 30p	Free
Cash Payments Cost (in/out)	0.5% / £2	£3 / Free
Cheques (in/out)	Unknown	£10.00 per cheque
CHAPS Payments Cost	£20	£25
SEPA Payments Cost	£15	£25

Zempler Bank (formerly Cashplus) vs State Bank of India (UK) Business Savings Rates

	Zempler Bank (formerly Cashplus)	State Bank of India (UK)
Types of Business Savings Accounts	None	Instant Access, Notice Savings, Fixed Deposit, Limited Access
Lowest Savings Rate (AER)	NA	1.95%
Maximum Savings Rate (AER)	NA	5.00%
Minimum Savings Amount	NA	£1
Interest Paid On Foreign Currencies	No	Yes

Zempler Bank (formerly Cashplus) vs State Bank of India (UK) Account Opening Times

	Zempler Bank (formerly Cashplus)	State Bank of India (UK)
Can You Apply Online?	Yes	Yes
How Long Does Opening An Account Typically Take?	1 day	3 to 4 Working days
Do They Check Your Credit?	No	Yes
Current Account Switch Service	No	Yes

Zempler Bank (formerly Cashplus) vs State Bank of India (UK) Features & Account Types

	Zempler Bank (formerly Cashplus)	State Bank of India (UK)
Business Current Account	Yes	Yes
Business Savings Account	No	Yes
Business Credit Card	Yes	Yes
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	Mastercard	Mastercard
Online Banking	Yes	Yes
Mobile Banking	Yes	Yes
In Person/Branch Banking	No	Yes
Branch Locations	None, online only	Limited locations in London and Midlands

Zempler Bank (formerly Cashplus) vs State Bank of India (UK) Customer Support Options

	Zempler Bank (formerly Cashplus)	State Bank of India (UK)
Phone Support Available	Yes	Yes
Email Support Available	Yes	Yes
App Based Support	Yes	Yes
Web Based Support	Yes	Yes
In person Customer Support	No	Yes

Zempler Bank (formerly Cashplus) vs State Bank of India (UK) Foreign Currency Accounts

	Zempler Bank (formerly Cashplus)	State Bank of India (UK)
US Dollar (USD) Bank Accounts	Yes	Yes
Euro (EUR) Bank Accounts	Yes	Yes
Other Currencies Available:	No	Indian Rupee (INR) Australian Dollar (AUD) Singapore Dollar (SGD) Hong Kong Dollar (HKD) Swiss Franc (CHF) Canadian Dollar (CAD) New Zealand Dollar (NZD) Malaysian Ringgit (MYR)

Other Business Services From Zempler Bank (formerly Cashplus) and State Bank of India (UK)

	Zempler Bank (formerly Cashplus)	State Bank of India (UK)
Business Loans	Yes	Yes
Commercial Mortgages	No	Yes
Invoice Financing	Yes	Yes
International Payments	Yes	Yes
Merchant Payment Services	Yes	No
Card Machines	No	No
Free Accounting Software	No	No

Zempler Bank (formerly Cashplus) vs State Bank of India (UK) Banking Basics

	Zempler Bank (formerly Cashplus)	State Bank of India (UK)
Bank Type	Challenger	Foreign Bank
FSCS Protection	Yes, up to £85,000	Yes, up to £85,000
FCA Number	671140	757156
Website	Zempler Bank (formerly Cashplus) Website	State Bank of India (UK) Website

Common Comparison Questions

Does Zempler Bank (formerly Cashplus) or State Bank of India (UK) have better customer reviews?

Zempler Bank (formerly Cashplus) scores 3.7 out of 5 based 9,921 Trustpilot reviews. Of these reviews 54% are 5-star and 30% are 1-star.

Whereas, State Bank of India (UK) scores 3.7 out of 5 based 3 Trustpilot reviews. Of which 33% are 5-star and 34% are 1-star.

Does Zempler Bank (formerly Cashplus) or State Bank of India (UK) have a better App?

Zempler Bank (formerly Cashplus) ‘s iPhone App is rated 4.7 out of 5 based on 48,000 reviews. And it’s Android App is rated 4.5 out of 5 based on 23,400 reviews.

In comparison, State Bank of India (UK)’s iPhone App is rated 2.4 out of 5 based on 253 reviews. And it’s Android App is rated 1.7 out of 5 based on 1,640 reviews.

Does Zempler Bank (formerly Cashplus) or State Bank of India (UK) have better business savings rates?

Zempler Bank (formerly Cashplus) offers the following types of business savings accounts: None with interest rates ranging from NA to NA. (AER)

In contrast, State Bank of India (UK) offers Instant Access, Notice Savings, Fixed Deposit, Limited Access accounts with interest rates ranging from 1.95% to 5.00% (AER).

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For other business bank accounts see our guide here.