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Cater Allen VS ICICI Bank UK: Business Banking Review & Fee Comparison


By: Ian Wright | Last Updated: May 22, 2025

Is Cater Allen or ICICI Bank UK better for your small business?



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Below we look at both Cater Allen and ICICI Bank 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.

Cater Allen Homepage
Cater Allen Homepage


ICICI Bank UK Homepage
ICICI Bank UK Homepage
 

Cater Allen vs ICICI Bank UK Trustpilot Reviews

Cater AllenICICI Bank UK
Trustpilot Review Score (out of 5)1.92.7
Percent 5-Star Reviews7%18%
Percent 1- Star Reviews80%74%
Total Number of Reviews13623
Sources:
https://www.trustpilot.com/review/www.caterallen.co.uk
https://www.trustpilot.com/review/www.icicibank.co.uk

Cater Allen vs ICICI Bank UK App Reviews

Cater AllenICICI Bank UK
iPhone Review Score (out of 5)No Rating2.7
Number of iPhone ReviewsNo Reviews237
Android Review Score (out of 5)No Rating4
Number of Android ReviewsNo Reviews684
Sources:
https://www.apple.com/uk/app-store/
https://apps.apple.com/gb/app/icici-bank-uk-imobile/id1223898732

Cater Allen vs ICICI Bank UK Account Fees & Charges

Cater AllenICICI Bank UK
Free Business Bank AccountNoNo
Free Business Account Term LengthNANA
Cheapest Monthly Account FeeFree£5
Most Expensive Monthly Account Fee£25£15
Electronic Payment Cost (in/out)£225p
Cash Payments Cost (in/out)Free£5 per £1,000 / free
Cheques (in/out)£6£1
CHAPS Payments Cost£25£20
SEPA Payments Cost£2No

Cater Allen vs ICICI Bank UK Business Savings Rates

Cater AllenICICI Bank UK
Types of Business Savings AccountsFixed Term, Notice AccountBusiness Savings Account, Business Fixed Deposit
Lowest Savings Rate (AER)3.00%2.85%
Maximum Savings Rate (AER)4.70%4.50%
Minimum Savings AmountNo£1
Interest Paid On Foreign CurrenciesYesYes
 

Cater Allen vs ICICI Bank UK Account Opening Times

Cater AllenICICI Bank UK
Can You Apply Online?YesYes
How Long Does Opening An
Account Typically Take?
7 days2 Working days
Do They Check Your Credit?YesYes
Current Account Switch ServiceNoYes

Cater Allen vs ICICI Bank UK Features & Account Types

Cater Allen Account Types
Cater Allen Features & Account Types


ICICI Bank UK Account Types
ICICI Bank UK Features & Account Types


Cater AllenICICI Bank UK
Business Current AccountYesYes
Business Savings AccountYesYes
Business Credit CardNoYes
Business OverdraftNoYes
Accounts For StartupsYesYes
Accounts For CharitiesYesYes
Accounts For Sole TradersYesYes
Joint Business Accounts AvailableYesYes
Card TypeMastercardMastercard
Online BankingYesYes
Mobile BankingYesYes
In Person/Branch BankingNoYes
Branch LocationsNone, online and phone onlyLondon, Birmingham and Manchester

Cater Allen vs ICICI Bank UK Customer Support Options

Cater AllenICICI Bank UK
Phone Support AvailableYesYes
Email Support AvailableYesYes
App Based Support NoYes
Web Based SupportYesYes
In person Customer SupportNoYes

Cater Allen vs ICICI Bank UK Foreign Currency Accounts

Cater AllenICICI Bank UK
US Dollar (USD) Bank AccountsYesYes
Euro (EUR) Bank AccountsYesYes
Other Currencies Available:
  • CHF (Swiss Franc)
  • CAD (Canadian Dollar)
  • AUD (Australian Dollar)
  • NZD (New Zealand Dollar)
  • SGD (Singapore Dollar)
  • HKD (Hong Kong Dollar)
  • CAD (Canadian Dollar)
  • AUD (Australian Dollar)
  • NZD (New Zealand Dollar)
  • SGD (Singapore Dollar)
  • HKD (Hong Kong Dollar)
  • CHF (Swiss Franc)
  • JPY (Japanese Yen)
  • CNY (Chinese Yuan)
  • INR (Indian Rupee)
  • KRW (South Korean Won)
  • THB (Thai Baht)

Other Business Services From Cater Allen and ICICI Bank UK

Cater Allen Account Types
Other Cater Allen Services


ICICI Bank UK Account Types
Other ICICI Bank UK Services


Cater AllenICICI Bank UK
Business LoansNoYes
Commercial MortgagesNoYes
Invoice FinancingNoYes
International PaymentsYesYes
Merchant Payment ServicesNoNo
Card MachinesNoNo
Free Accounting SoftwareNoNo

Cater Allen vs ICICI Bank UK Banking Basics

Cater AllenICICI Bank UK
Bank TypeHigh StreetForeign Bank
FSCS ProtectionYes, up to £85,000Yes, up to £85,000
FCA Number178737223268
WebsiteCater Allen WebsiteICICI Bank UK Website

Common Comparison Questions

Does Cater Allen or ICICI Bank UK 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, ICICI Bank UK scores 2.7 out of 5 based 23 Trustpilot reviews. Of which 18% are 5-star and 74% are 1-star.

Does Cater Allen or ICICI Bank UK 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, ICICI Bank UK’s iPhone App is rated 2.7 out of 5 based on 237 reviews. And it’s Android App is rated 4 out of 5 based on 684 reviews.

Does Cater Allen or ICICI Bank UK 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, ICICI Bank UK offers Business Savings Account, Business Fixed Deposit accounts with interest rates ranging from 2.85% to 4.50% (AER).

See Other Comparisons:
Cater Allen vs Intergiro
Cater Allen vs GoSolo
Cater Allen vs 3S Money
Cater Allen vs MultiPass
Cater Allen vs Reliance Bank


For other business bank accounts see our guide here.

 



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