Is Cynergy Bank or ICICI Bank UK better for your small business?
Below we look at both Cynergy Bank and ICICI Bank UK 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 ICICI Bank UK Trustpilot Reviews
| Cynergy Bank | ICICI Bank UK | |
| Trustpilot Review Score (out of 5) | 4 | 2.7 |
| Percent 5-Star Reviews | 58% | 18% |
| Percent 1- Star Reviews | 27% | 74% |
| Total Number of Reviews | 2,235 | 23 |
https://www.trustpilot.com/review/cynergybank.co.uk
https://www.trustpilot.com/review/www.icicibank.co.uk
Cynergy Bank vs ICICI Bank UK App Reviews
| Cynergy Bank | ICICI Bank UK | |
| iPhone Review Score (out of 5) | 1.5 | 2.7 |
| Number of iPhone Reviews | 350 | 237 |
| Android Review Score (out of 5) | 1.7 | 4 |
| Number of Android Reviews | 449 | 684 |
https://apps.apple.com/gb/app/cynergy-bank-authenticator/id1497728953
https://apps.apple.com/gb/app/icici-bank-uk-imobile/id1223898732
Cynergy Bank vs ICICI Bank UK Account Fees & Charges
| Cynergy Bank | ICICI Bank UK | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 12 Months | NA |
| Cheapest Monthly Account Fee | £25 | £5 |
| Most Expensive Monthly Account Fee | £25 | £15 |
| Electronic Payment Cost (in/out) | 35p | 25p |
| Cash Payments Cost (in/out) | 65p per £100 | £5 per £1,000 / free |
| Cheques (in/out) | 30p / 78p | £1 |
| CHAPS Payments Cost | £25 | £20 |
| SEPA Payments Cost | £6 | No |
Cynergy Bank vs ICICI Bank UK Business Savings Rates
| Cynergy Bank | ICICI Bank UK | |
| Types of Business Savings Accounts | Business Saver | Business Savings Account, Business Fixed Deposit |
| Lowest Savings Rate (AER) | 4.00% | 2.85% |
| Maximum Savings Rate (AER) | 4.00% | 4.50% |
| Minimum Savings Amount | £1 | £1 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Cynergy Bank vs ICICI Bank UK Account Opening Times
| Cynergy Bank | ICICI Bank UK | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 15 minutes | 2 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Cynergy Bank vs ICICI Bank UK Features & Account Types
| Cynergy Bank | ICICI Bank UK | |
| 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 | Yes |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Visa | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | Yes |
| Branch Locations | London, Redhill, Birmingham, Manchester and Glasgow | London, Birmingham and Manchester |
Cynergy Bank vs ICICI Bank UK Customer Support Options
| Cynergy Bank | ICICI Bank UK | |
| 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 | Yes |
Cynergy Bank vs ICICI Bank UK Foreign Currency Accounts
| Cynergy Bank | ICICI Bank UK | |
| US Dollar (USD) Bank Accounts | No | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: | No |
|
Other Business Services From Cynergy Bank and ICICI Bank UK
| Cynergy Bank | ICICI Bank UK | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | No |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Cynergy Bank vs ICICI Bank UK Banking Basics
| Cynergy Bank | ICICI Bank UK | |
| Bank Type | Challenger | Foreign Bank |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 575105 | 223268 |
| Website | Cynergy Bank Website | ICICI Bank UK Website |
Common Comparison Questions
Does Cynergy Bank or ICICI Bank UK 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, ICICI Bank UK scores 2.7 out of 5 based 23 Trustpilot reviews. Of which 18% are 5-star and 74% are 1-star.
Does Cynergy Bank or ICICI Bank UK 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, ICICI Bank UK’s iPhone App is rated 2.7 out of 5 based on 237 reviews. And it’s Android App is rated 4 out of 5 based on 684 reviews.
Does Cynergy Bank or ICICI Bank UK 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, ICICI Bank UK offers Business Savings Account, Business Fixed Deposit accounts with interest rates ranging from 2.85% to 4.50% (AER).
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For other business bank accounts see our guide here.