Cater Allen VS HSBC Kinetic: Business Banking Review & Fee Comparison

Is Cater Allen or HSBC Kinetic better for your small business?

Below we look at both Cater Allen 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.

Cater Allen vs HSBC Kinetic Trustpilot Reviews

	Cater Allen	HSBC Kinetic
Trustpilot Review Score (out of 5)	1.9	1.9
Percent 5-Star Reviews	7%	0%
Percent 1- Star Reviews	80%	100%
Total Number of Reviews	136	13

Sources:
https://www.trustpilot.com/review/www.caterallen.co.uk
https://www.trustpilot.com/review/hsbckinetic.co.uk

Cater Allen vs HSBC Kinetic App Reviews

	Cater Allen	HSBC Kinetic
iPhone Review Score (out of 5)	No Rating	4.8
Number of iPhone Reviews	No Reviews	15,000
Android Review Score (out of 5)	No Rating	4.7
Number of Android Reviews	No Reviews	4,000

Sources:
https://www.apple.com/uk/app-store/
https://apps.apple.com/gb/app/hsbc-kinetic/id1457310350

Cater Allen vs HSBC Kinetic Account Fees & Charges

	Cater Allen	HSBC Kinetic
Free Business Bank Account	No	Yes
Free Business Account Term Length	NA	12 Months
Cheapest Monthly Account Fee	Free	£6.50
Most Expensive Monthly Account Fee	£25	£6.50
Electronic Payment Cost (in/out)	£2	Free
Cash Payments Cost (in/out)	Free	1.10%
Cheques (in/out)	£6	50p per cheque
CHAPS Payments Cost	£25	£17
SEPA Payments Cost	£2	24p

Cater Allen vs HSBC Kinetic Business Savings Rates

	Cater Allen	HSBC Kinetic
Types of Business Savings Accounts	Fixed Term, Notice Account	Instant access, 30+ day, 60+ day
Lowest Savings Rate (AER)	3.00%	1.94%
Maximum Savings Rate (AER)	4.70%	2.02%
Minimum Savings Amount	No	No
Interest Paid On Foreign Currencies	Yes	Yes

Cater Allen vs HSBC Kinetic Account Opening Times

	Cater Allen	HSBC Kinetic
Can You Apply Online?	Yes	Yes
How Long Does Opening An Account Typically Take?	7 days	48 hours
Do They Check Your Credit?	Yes	Yes
Current Account Switch Service	No	Yes

Cater Allen vs HSBC Kinetic Features & Account Types

	Cater Allen	HSBC Kinetic
Business Current Account	Yes	Yes
Business Savings Account	Yes	Yes
Business Credit Card	No	Yes
Business Overdraft	No	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	No	No
Branch Locations	None, online and phone only	Can use HSBC branches for some services

Cater Allen vs HSBC Kinetic Customer Support Options

	Cater Allen	HSBC Kinetic
Phone Support Available	Yes	Yes
Email Support Available	Yes	Yes
App Based Support	No	Yes
Web Based Support	Yes	Yes
In person Customer Support	No	No

Cater Allen vs HSBC Kinetic Foreign Currency Accounts

	Cater Allen	HSBC Kinetic
US Dollar (USD) Bank Accounts	Yes	Yes
Euro (EUR) Bank Accounts	Yes	Yes
Other Currencies Available:	CHF (Swiss Franc) CAD (Canadian Dollar) AUD (Australian Dollar) NZD (New Zealand Dollar) SGD (Singapore Dollar) HKD (Hong Kong Dollar)	Brazilian real (BRL) Canadian dollar (CAD) Chilean peso (CLP) Colombian peso (COP) Mexican peso (MXN) Chinese yuan (CNY) Hong Kong dollar (HKD) Indian rupee (INR) Japanese yen (JPY) Korean won (KRW) Malaysian ringgit (MYR) Singapore dollar (SGD) Thai baht (THB) Austrian euro (EUR) Belgian euro (EUR) Bulgarian lev (BGN) Croatian kuna (HRK) Czech koruna (CZK) Danish krone (DKK) Estonian euro (EUR) Finnish euro (EUR) French euro (EUR) German euro (EUR) Greek euro (EUR) Hungarian forint (HUF) Icelandic króna (ISK) Irish euro (EUR) Italian euro (EUR) Latvian euro (EUR) Lithuanian euro (EUR) Maltese euro (EUR) Dutch euro (EUR) Polish zloty (PLN) Portuguese euro (EUR) Romanian leu (RON) Slovak euro (EUR) Slovenian euro (EUR) Spanish euro (EUR) Australian dollar (AUD) New Zealand dollar (NZD)

Other Business Services From Cater Allen and HSBC Kinetic

	Cater Allen	HSBC Kinetic
Business Loans	No	Yes
Commercial Mortgages	No	No
Invoice Financing	No	No
International Payments	Yes	Yes
Merchant Payment Services	No	Yes
Card Machines	No	No
Free Accounting Software	No	No

Cater Allen vs HSBC Kinetic Banking Basics

	Cater Allen	HSBC Kinetic
Bank Type	High Street	High Street/Challenger
FSCS Protection	Yes, up to £85,000	Yes, up to £85,000
FCA Number	178737	765112
Website	Cater Allen Website	HSBC Kinetic Website

Common Comparison Questions

Does Cater Allen or HSBC Kinetic have better customer reviews?

Cater Allen scores 1.9 out of 5 based 136 Trustpilot reviews. Of these reviews 7% are 5-star and 80% 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 Cater Allen or HSBC Kinetic have a better App?

Cater Allen’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.

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 Cater Allen or HSBC Kinetic have better business savings rates?

Cater Allen offers the following types of business savings accounts: Fixed Term, Notice Account with interest rates ranging from 3.00% to 4.70%. (AER)

In contrast, HSBC Kinetic offers Instant access, 30+ day, 60+ day accounts with interest rates ranging from 1.94% to 2.02% (AER).

See Other Comparisons:
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Cater Allen vs Charity Bank


For other business bank accounts see our guide here.