Is Co-operative Bank or PayPal Debit better for your small business?
Below we look at both Co-operative Bank and PayPal Debit 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.
Co-operative Bank vs PayPal Debit Trustpilot Reviews
| Co-operative Bank | PayPal Debit | |
| Trustpilot Review Score (out of 5) | 4.2 | 1.4 |
| Percent 5-Star Reviews | 51% | 20% |
| Percent 1- Star Reviews | 39% | 73% |
| Total Number of Reviews | 7,699 | 5,277 |
https://www.trustpilot.com/review/co-operativebank.co.uk
https://www.trustpilot.com/review/www.paypal.co.uk
Co-operative Bank vs PayPal Debit App Reviews
| Co-operative Bank | PayPal Debit | |
| iPhone Review Score (out of 5) | 4.7 | 4.1 |
| Number of iPhone Reviews | 47,800 | 1,600 |
| Android Review Score (out of 5) | 4.3 | 3.3 |
| Number of Android Reviews | 33,000 | 91,500 |
https://apps.apple.com/gb/app/co-operative-bank/id1439204021
https://apps.apple.com/gb/app/paypal-business/id1053148887
Co-operative Bank vs PayPal Debit Account Fees & Charges
| Co-operative Bank | PayPal Debit | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 30 Months | NA |
| Cheapest Monthly Account Fee | Free | No |
| Most Expensive Monthly Account Fee | Free | No |
| Electronic Payment Cost (in/out) | Free | Free |
| Cash Payments Cost (in/out) | £1.50 per £100 | Free |
| Cheques (in/out) | £1.50 | Free |
| CHAPS Payments Cost | £25 | No |
| SEPA Payments Cost | No | No |
Co-operative Bank vs PayPal Debit Business Savings Rates
| Co-operative Bank | PayPal Debit | |
| Types of Business Savings Accounts | Instant access, 35+ day, 95+ day | None |
| Lowest Savings Rate (AER) | 1.63% | NA |
| Maximum Savings Rate (AER) | 2.51% | NA |
| Minimum Savings Amount | No | NA |
| Interest Paid On Foreign Currencies | No | Yes |
Co-operative Bank vs PayPal Debit Account Opening Times
| Co-operative Bank | PayPal Debit | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 5 Working days | Few minutes |
| Do They Check Your Credit? | Yes | No |
| Current Account Switch Service | Yes | Yes |
Co-operative Bank vs PayPal Debit Features & Account Types
| Co-operative Bank | PayPal Debit | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | No |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | No |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | No |
| Accounts For Sole Traders | Yes | No |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Visa | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | No |
| Branch Locations | Limited locations accross the UK | None, online only |
Co-operative Bank vs PayPal Debit Customer Support Options
| Co-operative Bank | PayPal Debit | |
| Phone Support Available | Yes | No |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | Yes |
| Web Based Support | Yes | Yes |
| In person Customer Support | Yes | No |
Co-operative Bank vs PayPal Debit Foreign Currency Accounts
| Co-operative Bank | PayPal Debit | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: | No |
|
Other Business Services From Co-operative Bank and PayPal Debit
| Co-operative Bank | PayPal Debit | |
| Business Loans | Yes | No |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | No | Yes |
| Free Accounting Software | Yes | Yes |
Co-operative Bank vs PayPal Debit Banking Basics
| Co-operative Bank | PayPal Debit | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | No |
| FCA Number | 990937 | 742277 |
| Website | Co-operative Bank Website | PayPal Debit Website |
Common Comparison Questions
Does Co-operative Bank or PayPal Debit have better customer reviews?
Co-operative Bank scores 4.2 out of 5 based 7,699 Trustpilot reviews. Of these reviews 51% are 5-star and 39% are 1-star.
Whereas, PayPal Debit scores 1.4 out of 5 based 5,277 Trustpilot reviews. Of which 20% are 5-star and 73% are 1-star.
Does Co-operative Bank or PayPal Debit have a better App?
Co-operative Bank’s iPhone App is rated 4.7 out of 5 based on 47,800 reviews. And it’s Android App is rated 4.3 out of 5 based on 33,000 reviews.
In comparison, PayPal Debit’s iPhone App is rated 4.1 out of 5 based on 1,600 reviews. And it’s Android App is rated 3.3 out of 5 based on 91,500 reviews.
Does Co-operative Bank or PayPal Debit have better business savings rates?
Co-operative Bank offers the following types of business savings accounts: Instant access, 35+ day, 95+ day with interest rates ranging from 1.63% to 2.51%. (AER)
In contrast, PayPal Debit 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.