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 |
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 |
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: |
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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).
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For other business bank accounts see our guide here.