Is Cynergy Bank or SumUp Business Account better for your small business?
Below we look at both Cynergy 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.
Cynergy Bank vs SumUp Business Account Trustpilot Reviews
| Cynergy Bank | SumUp Business Account | |
| Trustpilot Review Score (out of 5) | 4 | 4.2 |
| Percent 5-Star Reviews | 58% | 64% |
| Percent 1- Star Reviews | 27% | 22% |
| Total Number of Reviews | 2,235 | 18,247 |
https://www.trustpilot.com/review/cynergybank.co.uk
https://www.trustpilot.com/review/sumup.com
Cynergy Bank vs SumUp Business Account App Reviews
| Cynergy Bank | SumUp Business Account | |
| iPhone Review Score (out of 5) | 1.5 | 4.8 |
| Number of iPhone Reviews | 350 | 12,400 |
| Android Review Score (out of 5) | 1.7 | 4.7 |
| Number of Android Reviews | 449 | 84,500 |
https://apps.apple.com/gb/app/cynergy-bank-authenticator/id1497728953
https://apps.apple.com/gb/app/sumup/id514879214
Cynergy Bank vs SumUp Business Account Account Fees & Charges
| Cynergy Bank | SumUp Business Account | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | 12 Months | No Limit |
| Cheapest Monthly Account Fee | £25 | No |
| Most Expensive Monthly Account Fee | £25 | No |
| Electronic Payment Cost (in/out) | 35p | Free |
| Cash Payments Cost (in/out) | 65p per £100 | Free |
| Cheques (in/out) | 30p / 78p | Free |
| CHAPS Payments Cost | £25 | No |
| SEPA Payments Cost | £6 | No |
Cynergy Bank vs SumUp Business Account Business Savings Rates
| Cynergy Bank | SumUp Business Account | |
| Types of Business Savings Accounts | Business Saver | None |
| Lowest Savings Rate (AER) | 4.00% | NA |
| Maximum Savings Rate (AER) | 4.00% | NA |
| Minimum Savings Amount | £1 | NA |
| Interest Paid On Foreign Currencies | Yes | No |
Cynergy Bank vs SumUp Business Account Account Opening Times
| Cynergy Bank | SumUp Business Account | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 15 minutes | 10 minutes |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | No |
Cynergy Bank vs SumUp Business Account Features & Account Types
| Cynergy 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 | No | 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 | London, Redhill, Birmingham, Manchester and Glasgow | None, online only |
Cynergy Bank vs SumUp Business Account Customer Support Options
| Cynergy 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 |
Cynergy Bank vs SumUp Business Account Foreign Currency Accounts
| Cynergy Bank | SumUp Business Account | |
| 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 SumUp Business Account
| Cynergy Bank | SumUp Business Account | |
| Business Loans | Yes | No |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | Yes |
| Card Machines | No | Yes |
| Free Accounting Software | No | No |
Cynergy Bank vs SumUp Business Account Banking Basics
| Cynergy Bank | SumUp Business Account | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | Yes, up to £85,000 | No |
| FCA Number | 575105 | 900700 |
| Website | Cynergy Bank Website | SumUp Business Account Website |
Common Comparison Questions
Does Cynergy Bank or SumUp Business Account 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, 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 Cynergy Bank or SumUp Business Account 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, 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 Cynergy Bank or SumUp Business Account 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, 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.