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Danske Bank UK VS Cater Allen: Business Banking Review & Fee Comparison


By: Ian Wright | Last Updated: May 22, 2025

Is Danske Bank UK or Cater Allen better for your small business?



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Below we look at both Danske Bank UK and Cater Allen 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.

Danske Bank UK Homepage
Danske Bank UK Homepage


Cater Allen Homepage
Cater Allen Homepage
 

Danske Bank UK vs Cater Allen Trustpilot Reviews

Danske Bank UKCater Allen
Trustpilot Review Score (out of 5)21.9
Percent 5-Star Reviews12%7%
Percent 1- Star Reviews71%80%
Total Number of Reviews24136
Sources:
https://www.trustpilot.com/review/danskebank.co.uk
https://www.trustpilot.com/review/www.caterallen.co.uk

Danske Bank UK vs Cater Allen App Reviews

Danske Bank UKCater Allen
iPhone Review Score (out of 5)4.4No Rating
Number of iPhone Reviews2,900No Reviews
Android Review Score (out of 5)4.4No Rating
Number of Android Reviews2,890No Reviews
Sources:
https://apps.apple.com/gb/app/mobile-bank-uk-danske-bank/id1365361930
https://www.apple.com/uk/app-store/

Danske Bank UK vs Cater Allen Account Fees & Charges

Danske Bank UKCater Allen
Free Business Bank AccountYesNo
Free Business Account Term Length24 MonthsNA
Cheapest Monthly Account Fee£7Free
Most Expensive Monthly Account Fee£48£25
Electronic Payment Cost (in/out)45p£2
Cash Payments Cost (in/out)90p / £1.40 per £100Free
Cheques (in/out)80p / 90p per item£6
CHAPS Payments Cost£20£25
SEPA Payments CostNo£2

Danske Bank UK vs Cater Allen Business Savings Rates

Danske Bank UKCater Allen
Types of Business Savings AccountsBusiness Investment Account, Fixed Term DepositFixed Term, Notice Account
Lowest Savings Rate (AER)1.65%3.00%
Maximum Savings Rate (AER)4.60%4.70%
Minimum Savings Amount£1No
Interest Paid On Foreign CurrenciesYesYes
 

Danske Bank UK vs Cater Allen Account Opening Times

Danske Bank UKCater Allen
Can You Apply Online?YesYes
How Long Does Opening An
Account Typically Take?
10 Working days7 days
Do They Check Your Credit?YesYes
Current Account Switch ServiceYesNo

Danske Bank UK vs Cater Allen Features & Account Types

Danske Bank UK Account Types
Danske Bank UK Features & Account Types


Cater Allen Account Types
Cater Allen Features & Account Types


Danske Bank UKCater Allen
Business Current AccountYesYes
Business Savings AccountYesYes
Business Credit CardYesNo
Business OverdraftYesNo
Accounts For StartupsYesYes
Accounts For CharitiesYesYes
Accounts For Sole TradersYesYes
Joint Business Accounts AvailableYesYes
Card TypeMastercardMastercard
Online BankingYesYes
Mobile BankingYesYes
In Person/Branch BankingYesNo
Branch LocationsNothern Ireland olyNone, online and phone only

Danske Bank UK vs Cater Allen Customer Support Options

Danske Bank UKCater Allen
Phone Support AvailableYesYes
Email Support AvailableYesYes
App Based Support YesNo
Web Based SupportYesYes
In person Customer SupportYesNo

Danske Bank UK vs Cater Allen Foreign Currency Accounts

Danske Bank UKCater Allen
US Dollar (USD) Bank AccountsYesYes
Euro (EUR) Bank AccountsYesYes
Other Currencies Available:
  • Swiss franc (CHF)
  • Swedish krona (SEK)
  • Danish krone (DKK)
  • Norwegian krone (NOK)
  • Polish zloty (PLN)
  • Hungarian forint (HUF)
  • Czech koruna (CZK)
  • Romanian leu (RON)
  • CHF (Swiss Franc)
  • CAD (Canadian Dollar)
  • AUD (Australian Dollar)
  • NZD (New Zealand Dollar)
  • SGD (Singapore Dollar)
  • HKD (Hong Kong Dollar)

Other Business Services From Danske Bank UK and Cater Allen

Danske Bank UK Account Types
Other Danske Bank UK Services


Cater Allen Account Types
Other Cater Allen Services


Danske Bank UKCater Allen
Business LoansYesNo
Commercial MortgagesYesNo
Invoice FinancingYesNo
International PaymentsYesYes
Merchant Payment ServicesYesNo
Card MachinesNoNo
Free Accounting SoftwareNoNo

Danske Bank UK vs Cater Allen Banking Basics

Danske Bank UKCater Allen
Bank TypeChallengerHigh Street
FSCS ProtectionYes, up to £85,000Yes, up to £85,000
FCA Number122261178737
WebsiteDanske Bank UK WebsiteCater Allen Website

Common Comparison Questions

Does Danske Bank UK or Cater Allen have better customer reviews?

Danske Bank UK scores 2 out of 5 based 24 Trustpilot reviews. Of these reviews 12% are 5-star and 71% are 1-star.

Whereas, Cater Allen scores 1.9 out of 5 based 136 Trustpilot reviews. Of which 7% are 5-star and 80% are 1-star.

Does Danske Bank UK or Cater Allen have a better App?

Danske Bank UK’s iPhone App is rated 4.4 out of 5 based on 2,900 reviews. And it’s Android App is rated 4.4 out of 5 based on 2,890 reviews.

In comparison, Cater Allen’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 Danske Bank UK or Cater Allen have better business savings rates?

Danske Bank UK offers the following types of business savings accounts: Business Investment Account, Fixed Term Deposit with interest rates ranging from 1.65% to 4.60%. (AER)

In contrast, Cater Allen offers Fixed Term, Notice Account accounts with interest rates ranging from 3.00% to 4.70% (AER).

See Other Comparisons:
Danske Bank UK vs AIB (Allied Irish Bank)
Danske Bank UK vs Unity Trust
Danske Bank UK vs United Trust Bank
Danske Bank UK vs HSBC Kinetic
Danske Bank UK vs CardOneMoney


For other business bank accounts see our guide here.

 



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