Is Cater Allen or MyPOS better for your small business?
Below we look at both Cater Allen and MyPOS 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 MyPOS Trustpilot Reviews
| Cater Allen | MyPOS | |
| Trustpilot Review Score (out of 5) | 1.9 | 4.2 |
| Percent 5-Star Reviews | 7% | 67% |
| Percent 1- Star Reviews | 80% | 11% |
| Total Number of Reviews | 136 | 10,019 |
https://www.trustpilot.com/review/www.caterallen.co.uk
https://www.trustpilot.com/review/mypos.com
Cater Allen vs MyPOS App Reviews
| Cater Allen | MyPOS | |
| iPhone Review Score (out of 5) | No Rating | 4.2 |
| Number of iPhone Reviews | No Reviews | 698 |
| Android Review Score (out of 5) | No Rating | 3.3 |
| Number of Android Reviews | No Reviews | 14,900 |
https://www.apple.com/uk/app-store/
https://apps.apple.com/gb/app/mypos-accept-all-payments/id934401253
Cater Allen vs MyPOS Account Fees & Charges
| Cater Allen | MyPOS | |
| Free Business Bank Account | No | Yes |
| Free Business Account Term Length | NA | No Limit |
| Cheapest Monthly Account Fee | Free | No |
| Most Expensive Monthly Account Fee | £25 | No |
| Electronic Payment Cost (in/out) | £2 | £1.50 |
| Cash Payments Cost (in/out) | Free | £2 |
| Cheques (in/out) | £6 | Unknown |
| CHAPS Payments Cost | £25 | No |
| SEPA Payments Cost | £2 | £3 |
Cater Allen vs MyPOS Business Savings Rates
| Cater Allen | MyPOS | |
| Types of Business Savings Accounts | Fixed Term, Notice Account | None |
| Lowest Savings Rate (AER) | 3.00% | NA |
| Maximum Savings Rate (AER) | 4.70% | NA |
| Minimum Savings Amount | No | NA |
| Interest Paid On Foreign Currencies | Yes | No |
Cater Allen vs MyPOS Account Opening Times
| Cater Allen | MyPOS | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 days | Few minutes |
| Do They Check Your Credit? | Yes | No |
| Current Account Switch Service | No | No |
Cater Allen vs MyPOS Features & Account Types
| Cater Allen | MyPOS | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | No |
| 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 | 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 | None, online only |
Cater Allen vs MyPOS Customer Support Options
| Cater Allen | MyPOS | |
| 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 MyPOS Foreign Currency Accounts
| Cater Allen | MyPOS | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
| No |
Other Business Services From Cater Allen and MyPOS
| Cater Allen | MyPOS | |
| Business Loans | No | No |
| Commercial Mortgages | No | No |
| Invoice Financing | No | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | Yes |
| Card Machines | No | Yes |
| Free Accounting Software | No | Yes |
Cater Allen vs MyPOS Banking Basics
| Cater Allen | MyPOS | |
| Bank Type | High Street | Other |
| FSCS Protection | Yes, up to £85,000 | No |
| FCA Number | 178737 | 900826 |
| Website | Cater Allen Website | MyPOS Website |
Common Comparison Questions
Does Cater Allen or MyPOS 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, MyPOS scores 4.2 out of 5 based 10,019 Trustpilot reviews. Of which 67% are 5-star and 11% are 1-star.
Does Cater Allen or MyPOS 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, MyPOS’s iPhone App is rated 4.2 out of 5 based on 698 reviews. And it’s Android App is rated 3.3 out of 5 based on 14,900 reviews.
Does Cater Allen or MyPOS 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, MyPOS offers None accounts with interest rates ranging from NA to NA (AER).
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For other business bank accounts see our guide here.