Is Cater Allen or Recognise Bank better for your small business?
Below we look at both Cater Allen and Recognise Bank 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 Recognise Bank Trustpilot Reviews
| Cater Allen | Recognise Bank | |
| Trustpilot Review Score (out of 5) | 1.9 | 4.6 |
| Percent 5-Star Reviews | 7% | 77% |
| Percent 1- Star Reviews | 80% | 5% |
| Total Number of Reviews | 136 | 539 |
https://www.trustpilot.com/review/www.caterallen.co.uk
https://www.trustpilot.com/review/recognisebank.co.uk
Cater Allen vs Recognise Bank App Reviews
| Cater Allen | Recognise Bank | |
| iPhone Review Score (out of 5) | No Rating | No Rating |
| Number of iPhone Reviews | No Reviews | No Reviews |
| Android Review Score (out of 5) | No Rating | No Rating |
| Number of Android Reviews | No Reviews | No Reviews |
https://www.apple.com/uk/app-store/
https://www.apple.com/uk/app-store/
Cater Allen vs Recognise Bank Account Fees & Charges
| Cater Allen | Recognise Bank | |
| 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 | Free |
| Cash Payments Cost (in/out) | Free | Free |
| Cheques (in/out) | £6 | Free |
| CHAPS Payments Cost | £25 | £15 |
| SEPA Payments Cost | £2 | 25p |
Cater Allen vs Recognise Bank Business Savings Rates
| Cater Allen | Recognise Bank | |
| Types of Business Savings Accounts | Fixed Term, Notice Account | Notice account, Fixed Rate, Instant access |
| Lowest Savings Rate (AER) | 3.00% | 3.15% |
| Maximum Savings Rate (AER) | 4.70% | 4.50% |
| Minimum Savings Amount | No | £1,000 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Cater Allen vs Recognise Bank Account Opening Times
| Cater Allen | Recognise Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 days | Few minutes |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | No | No |
Cater Allen vs Recognise Bank Features & Account Types
| Cater Allen | Recognise Bank | |
| Business Current Account | Yes | No |
| Business Savings Account | Yes | Yes |
| 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 | Yes |
| Card Type | Mastercard | None |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | No |
| In Person/Branch Banking | No | No |
| Branch Locations | None, online and phone only | None, online and phone only |
Cater Allen vs Recognise Bank Customer Support Options
| Cater Allen | Recognise Bank | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | No | No |
| Web Based Support | Yes | Yes |
| In person Customer Support | No | No |
Cater Allen vs Recognise Bank Foreign Currency Accounts
| Cater Allen | Recognise Bank | |
| 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 Recognise Bank
| Cater Allen | Recognise Bank | |
| Business Loans | No | Yes |
| Commercial Mortgages | No | Yes |
| Invoice Financing | No | No |
| International Payments | Yes | No |
| Merchant Payment Services | No | No |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Cater Allen vs Recognise Bank Banking Basics
| Cater Allen | Recognise Bank | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 178737 | 849404 |
| Website | Cater Allen Website | Recognise Bank Website |
Common Comparison Questions
Does Cater Allen or Recognise Bank 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, Recognise Bank scores 4.6 out of 5 based 539 Trustpilot reviews. Of which 77% are 5-star and 5% are 1-star.
Does Cater Allen or Recognise Bank 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, Recognise Bank’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.
Does Cater Allen or Recognise Bank 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, Recognise Bank offers Notice account, Fixed Rate, Instant access accounts with interest rates ranging from 3.15% to 4.50% (AER).
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For other business bank accounts see our guide here.