Is Danske Bank UK or OakNorth better for your small business?
Below we look at both Danske Bank UK and OakNorth 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 OakNorth Trustpilot Reviews
| Danske Bank UK | OakNorth | |
| Trustpilot Review Score (out of 5) | 2 | 4.8 |
| Percent 5-Star Reviews | 12% | 84% |
| Percent 1- Star Reviews | 71% | 3% |
| Total Number of Reviews | 24 | 8,904 |
https://www.trustpilot.com/review/danskebank.co.uk
https://www.trustpilot.com/review/oaknorth.co.uk
Danske Bank UK vs OakNorth App Reviews
| Danske Bank UK | OakNorth | |
| iPhone Review Score (out of 5) | 4.4 | 4.8 |
| Number of iPhone Reviews | 2,900 | 1,600 |
| Android Review Score (out of 5) | 4.4 | 4.8 |
| Number of Android Reviews | 2,890 | 468 |
https://apps.apple.com/gb/app/mobile-bank-uk-danske-bank/id1365361930
https://apps.apple.com/gb/app/oaknorth-savings/id1476387507
Danske Bank UK vs OakNorth Account Fees & Charges
| Danske Bank UK | OakNorth | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 24 Months | NA |
| Cheapest Monthly Account Fee | £7 | £25 |
| Most Expensive Monthly Account Fee | £48 | £99.99 |
| Electronic Payment Cost (in/out) | 45p | Free |
| Cash Payments Cost (in/out) | 90p / £1.40 per £100 | 70p per £100 |
| Cheques (in/out) | 80p / 90p per item | £1 per cheque |
| CHAPS Payments Cost | £20 | £17 |
| SEPA Payments Cost | No | No |
Danske Bank UK vs OakNorth Business Savings Rates
| Danske Bank UK | OakNorth | |
| Types of Business Savings Accounts | Business Investment Account, Fixed Term Deposit | Fixed Term, Notice Accounts, Easy Access |
| Lowest Savings Rate (AER) | 1.65% | 3.85% |
| Maximum Savings Rate (AER) | 4.60% | 3.85% |
| Minimum Savings Amount | £1 | £10,000 |
| Interest Paid On Foreign Currencies | Yes | No |
Danske Bank UK vs OakNorth Account Opening Times
| Danske Bank UK | OakNorth | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 10 Working days | Few minutes |
| Do They Check Your Credit? | Yes | No |
| Current Account Switch Service | Yes | No |
Danske Bank UK vs OakNorth Features & Account Types
| Danske Bank UK | OakNorth | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | Yes |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | Yes |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Mastercard | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | No |
| Branch Locations | Nothern Ireland oly | None, online and phone only |
Danske Bank UK vs OakNorth Customer Support Options
| Danske Bank UK | OakNorth | |
| 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 OakNorth Foreign Currency Accounts
| Danske Bank UK | OakNorth | |
| US Dollar (USD) Bank Accounts | Yes | No |
| Euro (EUR) Bank Accounts | Yes | No |
| Other Currencies Available: |
| No |
Other Business Services From Danske Bank UK and OakNorth
| Danske Bank UK | OakNorth | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Danske Bank UK vs OakNorth Banking Basics
| Danske Bank UK | OakNorth | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 122261 | 629564 |
| Website | Danske Bank UK Website | OakNorth Website |
Common Comparison Questions
Does Danske Bank UK or OakNorth 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, OakNorth scores 4.8 out of 5 based 8,904 Trustpilot reviews. Of which 84% are 5-star and 3% are 1-star.
Does Danske Bank UK or OakNorth 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, OakNorth’s iPhone App is rated 4.8 out of 5 based on 1,600 reviews. And it’s Android App is rated 4.8 out of 5 based on 468 reviews.
Does Danske Bank UK or OakNorth 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, OakNorth offers Fixed Term, Notice Accounts, Easy Access accounts with interest rates ranging from 3.85% to 3.85% (AER).
See Other Comparisons:Danske Bank UK vs Airwallex
Danske Bank UK vs Triodos Bank
Danske Bank UK vs Soldo
Danske Bank UK vs Cambridge Building Society
Danske Bank UK vs PayPal Debit
For other business bank accounts see our guide here.