Is Co-operative Bank or United Trust Bank better for your small business?
Below we look at both Co-operative Bank and United Trust 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.
Co-operative Bank vs United Trust Bank Trustpilot Reviews
| Co-operative Bank | United Trust Bank | |
| Trustpilot Review Score (out of 5) | 4.2 | 4.6 |
| Percent 5-Star Reviews | 51% | 78% |
| Percent 1- Star Reviews | 39% | 3% |
| Total Number of Reviews | 7,699 | 1,372 |
https://www.trustpilot.com/review/co-operativebank.co.uk
https://www.trustpilot.com/review/utbank.co.uk
Co-operative Bank vs United Trust Bank App Reviews
| Co-operative Bank | United Trust Bank | |
| iPhone Review Score (out of 5) | 4.7 | 5 |
| Number of iPhone Reviews | 47,800 | 5 |
| Android Review Score (out of 5) | 4.3 | No Rating |
| Number of Android Reviews | 33,000 | No Reviews |
https://apps.apple.com/gb/app/co-operative-bank/id1439204021
https://apps.apple.com/us/app/united-trust-bank/id6444029400
Co-operative Bank vs United Trust Bank Account Fees & Charges
| Co-operative Bank | United Trust Bank | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 30 Months | NA |
| Cheapest Monthly Account Fee | Free | £12.50 |
| Most Expensive Monthly Account Fee | Free | £25 |
| Electronic Payment Cost (in/out) | Free | Free |
| Cash Payments Cost (in/out) | £1.50 per £100 | Free / £1.50 |
| Cheques (in/out) | £1.50 | Free / £2.50 |
| CHAPS Payments Cost | £25 | £25 |
| SEPA Payments Cost | No | No |
Co-operative Bank vs United Trust Bank Business Savings Rates
| Co-operative Bank | United Trust Bank | |
| Types of Business Savings Accounts | Instant access, 35+ day, 95+ day | Fixed Term Business Bonds, Notice Accounts, Tracker Accounts |
| Lowest Savings Rate (AER) | 1.63% | 3.75% |
| Maximum Savings Rate (AER) | 2.51% | 5.25% |
| Minimum Savings Amount | No | £5,000 |
| Interest Paid On Foreign Currencies | No | Yes |
Co-operative Bank vs United Trust Bank Account Opening Times
| Co-operative Bank | United Trust Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 5 Working days | 7 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Co-operative Bank vs United Trust Bank Features & Account Types
| Co-operative Bank | United Trust Bank | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | 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 | Visa | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | No |
| Branch Locations | Limited locations accross the UK | London office only |
Co-operative Bank vs United Trust Bank Customer Support Options
| Co-operative Bank | United Trust Bank | |
| 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 United Trust Bank Foreign Currency Accounts
| Co-operative Bank | United Trust Bank | |
| 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 United Trust Bank
| Co-operative Bank | United Trust Bank | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | No |
| Card Machines | No | No |
| Free Accounting Software | Yes | No |
Co-operative Bank vs United Trust Bank Banking Basics
| Co-operative Bank | United Trust Bank | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 990937 | 204463 |
| Website | Co-operative Bank Website | United Trust Bank Website |
Common Comparison Questions
Does Co-operative Bank or United Trust Bank 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, United Trust Bank scores 4.6 out of 5 based 1,372 Trustpilot reviews. Of which 78% are 5-star and 3% are 1-star.
Does Co-operative Bank or United Trust Bank 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, United Trust Bank’s iPhone App is rated 5 out of 5 based on 5 reviews. And it’s Android App is rated No Rating out of 5 based on No Reviews reviews.
Does Co-operative Bank or United Trust Bank 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, United Trust Bank offers Fixed Term Business Bonds, Notice Accounts, Tracker Accounts accounts with interest rates ranging from 3.75% to 5.25% (AER).
See Other Comparisons:Co-operative Bank vs HSBC Kinetic
Co-operative Bank vs CardOneMoney
Co-operative Bank vs Fair Everywhere
Co-operative Bank vs Countingup
Co-operative Bank vs State Bank of India (UK)
For other business bank accounts see our guide here.