Is Co-operative Bank or SumUp Business Account better for your small business?
Below we look at both Co-operative Bank and SumUp Business Account 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 SumUp Business Account Trustpilot Reviews
| Co-operative Bank | SumUp Business Account | |
| Trustpilot Review Score (out of 5) | 4.2 | 4.2 |
| Percent 5-Star Reviews | 51% | 64% |
| Percent 1- Star Reviews | 39% | 22% |
| Total Number of Reviews | 7,699 | 18,247 |
https://www.trustpilot.com/review/co-operativebank.co.uk
https://www.trustpilot.com/review/sumup.com
Co-operative Bank vs SumUp Business Account App Reviews
| Co-operative Bank | SumUp Business Account | |
| iPhone Review Score (out of 5) | 4.7 | 4.8 |
| Number of iPhone Reviews | 47,800 | 12,400 |
| Android Review Score (out of 5) | 4.3 | 4.7 |
| Number of Android Reviews | 33,000 | 84,500 |
https://apps.apple.com/gb/app/co-operative-bank/id1439204021
https://apps.apple.com/gb/app/sumup/id514879214
Co-operative Bank vs SumUp Business Account Account Fees & Charges
| Co-operative Bank | SumUp Business Account | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | 30 Months | No Limit |
| 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 SumUp Business Account Business Savings Rates
| Co-operative Bank | SumUp Business Account | |
| 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 | No |
Co-operative Bank vs SumUp Business Account Account Opening Times
| Co-operative Bank | SumUp Business Account | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 5 Working days | 10 minutes |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | No |
Co-operative Bank vs SumUp Business Account Features & Account Types
| Co-operative Bank | SumUp Business Account | |
| 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 | Yes |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | No |
| 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 SumUp Business Account Customer Support Options
| Co-operative Bank | SumUp Business Account | |
| Phone Support Available | Yes | Yes |
| 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 SumUp Business Account Foreign Currency Accounts
| Co-operative Bank | SumUp Business Account | |
| US Dollar (USD) Bank Accounts | Yes | No |
| Euro (EUR) Bank Accounts | Yes | No |
| Other Currencies Available: | No | No |
Other Business Services From Co-operative Bank and SumUp Business Account
| Co-operative Bank | SumUp Business Account | |
| 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 | No |
Co-operative Bank vs SumUp Business Account Banking Basics
| Co-operative Bank | SumUp Business Account | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | No |
| FCA Number | 990937 | 900700 |
| Website | Co-operative Bank Website | SumUp Business Account Website |
Common Comparison Questions
Does Co-operative Bank or SumUp Business Account 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, SumUp Business Account scores 4.2 out of 5 based 18,247 Trustpilot reviews. Of which 64% are 5-star and 22% are 1-star.
Does Co-operative Bank or SumUp Business Account 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, SumUp Business Account’s iPhone App is rated 4.8 out of 5 based on 12,400 reviews. And it’s Android App is rated 4.7 out of 5 based on 84,500 reviews.
Does Co-operative Bank or SumUp Business Account 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, SumUp Business Account 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.