Is Cynergy Bank or Charity Bank better for your small business?
Below we look at both Cynergy Bank and Charity 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.
Cynergy Bank vs Charity Bank Trustpilot Reviews
| Cynergy Bank | Charity Bank | |
| Trustpilot Review Score (out of 5) | 4 | 3.3 |
| Percent 5-Star Reviews | 58% | 33% |
| Percent 1- Star Reviews | 27% | 34% |
| Total Number of Reviews | 2,235 | 3 |
https://www.trustpilot.com/review/cynergybank.co.uk
https://www.trustpilot.com/review/charitybank.org
Cynergy Bank vs Charity Bank App Reviews
| Cynergy Bank | Charity Bank | |
| iPhone Review Score (out of 5) | 1.5 | No Rating |
| Number of iPhone Reviews | 350 | No Reviews |
| Android Review Score (out of 5) | 1.7 | No Rating |
| Number of Android Reviews | 449 | No Reviews |
https://apps.apple.com/gb/app/cynergy-bank-authenticator/id1497728953
https://www.apple.com/uk/app-store/
Cynergy Bank vs Charity Bank Account Fees & Charges
| Cynergy Bank | Charity Bank | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 12 Months | NA |
| Cheapest Monthly Account Fee | £25 | Free |
| Most Expensive Monthly Account Fee | £25 | Free |
| Electronic Payment Cost (in/out) | 35p | No |
| Cash Payments Cost (in/out) | 65p per £100 | Free |
| Cheques (in/out) | 30p / 78p | Free |
| CHAPS Payments Cost | £25 | £10 |
| SEPA Payments Cost | £6 | 20p |
Cynergy Bank vs Charity Bank Business Savings Rates
| Cynergy Bank | Charity Bank | |
| Types of Business Savings Accounts | Business Saver | CITR accounts, Easy Access, Notice Accounts, Fixed Account |
| Lowest Savings Rate (AER) | 4.00% | 2.02% |
| Maximum Savings Rate (AER) | 4.00% | 4.51% |
| Minimum Savings Amount | £1 | £1,000 |
| Interest Paid On Foreign Currencies | Yes | No |
Cynergy Bank vs Charity Bank Account Opening Times
| Cynergy Bank | Charity Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 15 minutes | Undisclosed |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Cynergy Bank vs Charity Bank Features & Account Types
| Cynergy Bank | Charity Bank | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | No |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | No | Yes |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Visa | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | No |
| In Person/Branch Banking | Yes | No |
| Branch Locations | London, Redhill, Birmingham, Manchester and Glasgow | Tonbridge |
Cynergy Bank vs Charity Bank Customer Support Options
| Cynergy Bank | Charity Bank | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | No |
| Web Based Support | Yes | Yes |
| In person Customer Support | Yes | No |
Cynergy Bank vs Charity Bank Foreign Currency Accounts
| Cynergy Bank | Charity Bank | |
| US Dollar (USD) Bank Accounts | No | No |
| Euro (EUR) Bank Accounts | Yes | No |
| Other Currencies Available: | No | No |
Other Business Services From Cynergy Bank and Charity Bank
| Cynergy Bank | Charity Bank | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | No |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Cynergy Bank vs Charity Bank Banking Basics
| Cynergy Bank | Charity Bank | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 575105 | 207701 |
| Website | Cynergy Bank Website | Charity Bank Website |
Common Comparison Questions
Does Cynergy Bank or Charity Bank have better customer reviews?
Cynergy Bank scores 4 out of 5 based 2,235 Trustpilot reviews. Of these reviews 58% are 5-star and 27% are 1-star.
Whereas, Charity Bank scores 3.3 out of 5 based 3 Trustpilot reviews. Of which 33% are 5-star and 34% are 1-star.
Does Cynergy Bank or Charity Bank have a better App?
Cynergy Bank’s iPhone App is rated 1.5 out of 5 based on 350 reviews. And it’s Android App is rated 1.7 out of 5 based on 449 reviews.
In comparison, Charity Bank’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.
Does Cynergy Bank or Charity Bank have better business savings rates?
Cynergy Bank offers the following types of business savings accounts: Business Saver with interest rates ranging from 4.00% to 4.00%. (AER)
In contrast, Charity Bank offers CITR accounts, Easy Access, Notice Accounts, Fixed Account accounts with interest rates ranging from 2.02% to 4.51% (AER).
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For other business bank accounts see our guide here.