Is Cater Allen or Reliance Bank better for your small business?
Below we look at both Cater Allen and Reliance 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 Reliance Bank Trustpilot Reviews
| Cater Allen | Reliance Bank | |
| Trustpilot Review Score (out of 5) | 1.9 | 3.4 |
| Percent 5-Star Reviews | 7% | 25% |
| Percent 1- Star Reviews | 80% | 25% |
| Total Number of Reviews | 136 | 4 |
https://www.trustpilot.com/review/www.caterallen.co.uk
https://www.trustpilot.com/review/www.reliancebankltd.com
Cater Allen vs Reliance Bank App Reviews
| Cater Allen | Reliance Bank | |
| iPhone Review Score (out of 5) | No Rating | 4.7 |
| Number of iPhone Reviews | No Reviews | 451 |
| Android Review Score (out of 5) | No Rating | 4 |
| Number of Android Reviews | No Reviews | 144 |
https://www.apple.com/uk/app-store/
https://apps.apple.com/us/app/reliance-bank-mobile-banking/id1050676219
Cater Allen vs Reliance Bank Account Fees & Charges
| Cater Allen | Reliance Bank | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | Free | £7.50 |
| Most Expensive Monthly Account Fee | £25 | £7.50 |
| Electronic Payment Cost (in/out) | £2 | 25p |
| Cash Payments Cost (in/out) | Free | 30p / 25p per £100 |
| Cheques (in/out) | £6 | 30p / 25p |
| CHAPS Payments Cost | £25 | £15 |
| SEPA Payments Cost | £2 | 25p |
Cater Allen vs Reliance Bank Business Savings Rates
| Cater Allen | Reliance Bank | |
| Types of Business Savings Accounts | Fixed Term, Notice Account | Instant Access, Fixed Term, Notice Savings |
| Lowest Savings Rate (AER) | 3.00% | 2.15% |
| Maximum Savings Rate (AER) | 4.70% | 4.40% |
| Minimum Savings Amount | No | £1,000 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Cater Allen vs Reliance Bank Account Opening Times
| Cater Allen | Reliance Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 days | 7 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | No | Yes |
Cater Allen vs Reliance Bank Features & Account Types
| Cater Allen | Reliance Bank | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | No | No |
| Business Overdraft | No | Yes |
| Accounts For Startups | Yes | No |
| Accounts For Charities | Yes | Yes |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Mastercard | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | No | Yes |
| Branch Locations | None, online and phone only | London |
Cater Allen vs Reliance Bank Customer Support Options
| Cater Allen | Reliance Bank | |
| 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 | Yes |
Cater Allen vs Reliance Bank Foreign Currency Accounts
| Cater Allen | Reliance Bank | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
|
|
Other Business Services From Cater Allen and Reliance Bank
| Cater Allen | Reliance Bank | |
| Business Loans | No | Yes |
| Commercial Mortgages | No | Yes |
| 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 Reliance Bank Banking Basics
| Cater Allen | Reliance Bank | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 178737 | 204537 |
| Website | Cater Allen Website | Reliance Bank Website |
Common Comparison Questions
Does Cater Allen or Reliance 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, Reliance Bank scores 3.4 out of 5 based 4 Trustpilot reviews. Of which 25% are 5-star and 25% are 1-star.
Does Cater Allen or Reliance 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, Reliance Bank’s iPhone App is rated 4.7 out of 5 based on 451 reviews. And it’s Android App is rated 4 out of 5 based on 144 reviews.
Does Cater Allen or Reliance 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, Reliance Bank offers Instant Access, Fixed Term, Notice Savings accounts with interest rates ranging from 2.15% to 4.40% (AER).
See Other Comparisons:Cater Allen vs SumUp Business Account
Cater Allen vs Cambridge & Counties Bank
Cater Allen vs Recognise Bank
Cater Allen vs Dudley Building Society
Cater Allen vs MyPOS
For other business bank accounts see our guide here.