Is Cater Allen or State Bank of India (UK) better for your small business?
Below we look at both Cater Allen and State Bank of India (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.
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Cater Allen vs State Bank of India (UK) Trustpilot Reviews
| Cater Allen | State Bank of India (UK) | |
| Trustpilot Review Score (out of 5) | 1.9 | 3.7 |
| Percent 5-Star Reviews | 7% | 33% |
| Percent 1- Star Reviews | 80% | 34% |
| Total Number of Reviews | 136 | 3 |
https://www.trustpilot.com/review/www.caterallen.co.uk
https://www.trustpilot.com/review/sbiuk.statebank
Cater Allen vs State Bank of India (UK) App Reviews
| Cater Allen | State Bank of India (UK) | |
| iPhone Review Score (out of 5) | No Rating | 2.4 |
| Number of iPhone Reviews | No Reviews | 253 |
| Android Review Score (out of 5) | No Rating | 1.7 |
| Number of Android Reviews | No Reviews | 1,640 |
https://www.apple.com/uk/app-store/
https://apps.apple.com/gb/app/yono-sbi-uk/id1454780358
Cater Allen vs State Bank of India (UK) Account Fees & Charges
| Cater Allen | State Bank of India (UK) | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | Free | £80 |
| Most Expensive Monthly Account Fee | £25 | £120 |
| Electronic Payment Cost (in/out) | £2 | Free |
| Cash Payments Cost (in/out) | Free | £3 / Free |
| Cheques (in/out) | £6 | £10.00 per cheque |
| CHAPS Payments Cost | £25 | £25 |
| SEPA Payments Cost | £2 | £25 |
Cater Allen vs State Bank of India (UK) Business Savings Rates
| Cater Allen | State Bank of India (UK) | |
| Types of Business Savings Accounts | Fixed Term, Notice Account | Instant Access, Notice Savings, Fixed Deposit, Limited Access |
| Lowest Savings Rate (AER) | 3.00% | 1.95% |
| Maximum Savings Rate (AER) | 4.70% | 5.00% |
| Minimum Savings Amount | No | £1 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Cater Allen vs State Bank of India (UK) Account Opening Times
| Cater Allen | State Bank of India (UK) | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 days | 3 to 4 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | No | Yes |
Cater Allen vs State Bank of India (UK) Features & Account Types
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| Cater Allen | State Bank of India (UK) | |
| 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 | 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 | Limited locations in London and Midlands |
Cater Allen vs State Bank of India (UK) Customer Support Options
| Cater Allen | State Bank of India (UK) | |
| 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 State Bank of India (UK) Foreign Currency Accounts
| Cater Allen | State Bank of India (UK) | |
| 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 State Bank of India (UK)
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| Cater Allen | State Bank of India (UK) | |
| Business Loans | No | Yes |
| Commercial Mortgages | No | Yes |
| Invoice Financing | No | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | No |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Cater Allen vs State Bank of India (UK) Banking Basics
| Cater Allen | State Bank of India (UK) | |
| Bank Type | High Street | Foreign Bank |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 178737 | 757156 |
| Website | Cater Allen Website | State Bank of India (UK) Website |
Common Comparison Questions
Does Cater Allen or State Bank of India (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, State Bank of India (UK) scores 3.7 out of 5 based 3 Trustpilot reviews. Of which 33% are 5-star and 34% are 1-star.
Does Cater Allen or State Bank of India (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, State Bank of India (UK)’s iPhone App is rated 2.4 out of 5 based on 253 reviews. And it’s Android App is rated 1.7 out of 5 based on 1,640 reviews.
Does Cater Allen or State Bank of India (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, State Bank of India (UK) offers Instant Access, Notice Savings, Fixed Deposit, Limited Access accounts with interest rates ranging from 1.95% to 5.00% (AER).
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For other business bank accounts see our guide here.