Is Danske Bank UK or HSBC Kinetic better for your small business?
Below we look at both Danske Bank UK 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.
Danske Bank UK vs HSBC Kinetic Trustpilot Reviews
| Danske Bank UK | HSBC Kinetic | |
| Trustpilot Review Score (out of 5) | 2 | 1.9 |
| Percent 5-Star Reviews | 12% | 0% |
| Percent 1- Star Reviews | 71% | 100% |
| Total Number of Reviews | 24 | 13 |
https://www.trustpilot.com/review/danskebank.co.uk
https://www.trustpilot.com/review/hsbckinetic.co.uk
Danske Bank UK vs HSBC Kinetic App Reviews
| Danske Bank UK | HSBC Kinetic | |
| iPhone Review Score (out of 5) | 4.4 | 4.8 |
| Number of iPhone Reviews | 2,900 | 15,000 |
| Android Review Score (out of 5) | 4.4 | 4.7 |
| Number of Android Reviews | 2,890 | 4,000 |
https://apps.apple.com/gb/app/mobile-bank-uk-danske-bank/id1365361930
https://apps.apple.com/gb/app/hsbc-kinetic/id1457310350
Danske Bank UK vs HSBC Kinetic Account Fees & Charges
| Danske Bank UK | HSBC Kinetic | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | 24 Months | 12 Months |
| Cheapest Monthly Account Fee | £7 | £6.50 |
| Most Expensive Monthly Account Fee | £48 | £6.50 |
| Electronic Payment Cost (in/out) | 45p | Free |
| Cash Payments Cost (in/out) | 90p / £1.40 per £100 | 1.10% |
| Cheques (in/out) | 80p / 90p per item | 50p per cheque |
| CHAPS Payments Cost | £20 | £17 |
| SEPA Payments Cost | No | 24p |
Danske Bank UK vs HSBC Kinetic Business Savings Rates
| Danske Bank UK | HSBC Kinetic | |
| Types of Business Savings Accounts | Business Investment Account, Fixed Term Deposit | Instant access, 30+ day, 60+ day |
| Lowest Savings Rate (AER) | 1.65% | 1.94% |
| Maximum Savings Rate (AER) | 4.60% | 2.02% |
| Minimum Savings Amount | £1 | No |
| Interest Paid On Foreign Currencies | Yes | Yes |
Danske Bank UK vs HSBC Kinetic Account Opening Times
| Danske Bank UK | HSBC Kinetic | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 10 Working days | 48 hours |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Danske Bank UK vs HSBC Kinetic Features & Account Types
| Danske Bank UK | 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 | Yes | No |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | No |
| Card Type | Mastercard | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | No |
| Branch Locations | Nothern Ireland oly | Can use HSBC branches for some services |
Danske Bank UK vs HSBC Kinetic Customer Support Options
| Danske Bank UK | 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 |
Danske Bank UK vs HSBC Kinetic Foreign Currency Accounts
| Danske Bank UK | HSBC Kinetic | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
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Other Business Services From Danske Bank UK and HSBC Kinetic
| Danske Bank UK | HSBC Kinetic | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Danske Bank UK vs HSBC Kinetic Banking Basics
| Danske Bank UK | HSBC Kinetic | |
| Bank Type | Challenger | High Street/Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 122261 | 765112 |
| Website | Danske Bank UK Website | HSBC Kinetic Website |
Common Comparison Questions
Does Danske Bank UK or HSBC Kinetic 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, HSBC Kinetic scores 1.9 out of 5 based 13 Trustpilot reviews. Of which 0% are 5-star and 100% are 1-star.
Does Danske Bank UK or HSBC Kinetic 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, 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 Danske Bank UK or HSBC Kinetic 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, 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.