Is Cynergy Bank or HSBC Kinetic better for your small business?
Below we look at both Cynergy Bank and HSBC Kinetic 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 HSBC Kinetic Trustpilot Reviews
| Cynergy Bank | HSBC Kinetic | |
| Trustpilot Review Score (out of 5) | 4 | 1.9 |
| Percent 5-Star Reviews | 58% | 0% |
| Percent 1- Star Reviews | 27% | 100% |
| Total Number of Reviews | 2,235 | 13 |
https://www.trustpilot.com/review/cynergybank.co.uk
https://www.trustpilot.com/review/hsbckinetic.co.uk
Cynergy Bank vs HSBC Kinetic App Reviews
| Cynergy Bank | HSBC Kinetic | |
| iPhone Review Score (out of 5) | 1.5 | 4.8 |
| Number of iPhone Reviews | 350 | 15,000 |
| Android Review Score (out of 5) | 1.7 | 4.7 |
| Number of Android Reviews | 449 | 4,000 |
https://apps.apple.com/gb/app/cynergy-bank-authenticator/id1497728953
https://apps.apple.com/gb/app/hsbc-kinetic/id1457310350
Cynergy Bank vs HSBC Kinetic Account Fees & Charges
| Cynergy Bank | HSBC Kinetic | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | 12 Months | 12 Months |
| Cheapest Monthly Account Fee | £25 | £6.50 |
| Most Expensive Monthly Account Fee | £25 | £6.50 |
| Electronic Payment Cost (in/out) | 35p | Free |
| Cash Payments Cost (in/out) | 65p per £100 | 1.10% |
| Cheques (in/out) | 30p / 78p | 50p per cheque |
| CHAPS Payments Cost | £25 | £17 |
| SEPA Payments Cost | £6 | 24p |
Cynergy Bank vs HSBC Kinetic Business Savings Rates
| Cynergy Bank | HSBC Kinetic | |
| Types of Business Savings Accounts | Business Saver | Instant access, 30+ day, 60+ day |
| Lowest Savings Rate (AER) | 4.00% | 1.94% |
| Maximum Savings Rate (AER) | 4.00% | 2.02% |
| Minimum Savings Amount | £1 | No |
| Interest Paid On Foreign Currencies | Yes | Yes |
Cynergy Bank vs HSBC Kinetic Account Opening Times
| Cynergy Bank | HSBC Kinetic | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 15 minutes | 48 hours |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Cynergy Bank vs HSBC Kinetic Features & Account Types
| Cynergy Bank | HSBC Kinetic | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | Yes |
| Business Overdraft | Yes | Yes |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | No | No |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | No |
| Card Type | Visa | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | No |
| Branch Locations | London, Redhill, Birmingham, Manchester and Glasgow | Can use HSBC branches for some services |
Cynergy Bank vs HSBC Kinetic Customer Support Options
| Cynergy Bank | HSBC Kinetic | |
| 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 |
Cynergy Bank vs HSBC Kinetic Foreign Currency Accounts
| Cynergy Bank | HSBC Kinetic | |
| US Dollar (USD) Bank Accounts | No | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: | No |
|
Other Business Services From Cynergy Bank and HSBC Kinetic
| Cynergy Bank | HSBC Kinetic | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | Yes |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Cynergy Bank vs HSBC Kinetic Banking Basics
| Cynergy Bank | HSBC Kinetic | |
| Bank Type | Challenger | High Street/Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 575105 | 765112 |
| Website | Cynergy Bank Website | HSBC Kinetic Website |
Common Comparison Questions
Does Cynergy Bank or HSBC Kinetic 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, HSBC Kinetic scores 1.9 out of 5 based 13 Trustpilot reviews. Of which 0% are 5-star and 100% are 1-star.
Does Cynergy Bank or HSBC Kinetic 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, HSBC Kinetic’s iPhone App is rated 4.8 out of 5 based on 15,000 reviews. And it’s Android App is rated 4.7 out of 5 based on 4,000 reviews.
Does Cynergy Bank or HSBC Kinetic 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, HSBC Kinetic offers Instant access, 30+ day, 60+ day accounts with interest rates ranging from 1.94% to 2.02% (AER).
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For other business bank accounts see our guide here.