Is Danske Bank UK or PayPal Debit better for your small business?
Below we look at both Danske Bank UK and PayPal Debit 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 PayPal Debit Trustpilot Reviews
| Danske Bank UK | PayPal Debit | |
| Trustpilot Review Score (out of 5) | 2 | 1.4 |
| Percent 5-Star Reviews | 12% | 20% |
| Percent 1- Star Reviews | 71% | 73% |
| Total Number of Reviews | 24 | 5,277 |
https://www.trustpilot.com/review/danskebank.co.uk
https://www.trustpilot.com/review/www.paypal.co.uk
Danske Bank UK vs PayPal Debit App Reviews
| Danske Bank UK | PayPal Debit | |
| iPhone Review Score (out of 5) | 4.4 | 4.1 |
| Number of iPhone Reviews | 2,900 | 1,600 |
| Android Review Score (out of 5) | 4.4 | 3.3 |
| Number of Android Reviews | 2,890 | 91,500 |
https://apps.apple.com/gb/app/mobile-bank-uk-danske-bank/id1365361930
https://apps.apple.com/gb/app/paypal-business/id1053148887
Danske Bank UK vs PayPal Debit Account Fees & Charges
| Danske Bank UK | PayPal Debit | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 24 Months | NA |
| Cheapest Monthly Account Fee | £7 | No |
| Most Expensive Monthly Account Fee | £48 | No |
| Electronic Payment Cost (in/out) | 45p | Free |
| Cash Payments Cost (in/out) | 90p / £1.40 per £100 | Free |
| Cheques (in/out) | 80p / 90p per item | Free |
| CHAPS Payments Cost | £20 | No |
| SEPA Payments Cost | No | No |
Danske Bank UK vs PayPal Debit Business Savings Rates
| Danske Bank UK | PayPal Debit | |
| Types of Business Savings Accounts | Business Investment Account, Fixed Term Deposit | None |
| Lowest Savings Rate (AER) | 1.65% | NA |
| Maximum Savings Rate (AER) | 4.60% | NA |
| Minimum Savings Amount | £1 | NA |
| Interest Paid On Foreign Currencies | Yes | Yes |
Danske Bank UK vs PayPal Debit Account Opening Times
| Danske Bank UK | PayPal Debit | |
| 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 | Yes |
Danske Bank UK vs PayPal Debit Features & Account Types
| Danske Bank UK | PayPal Debit | |
| 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 | Yes | No |
| Accounts For Sole Traders | Yes | No |
| 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 only |
Danske Bank UK vs PayPal Debit Customer Support Options
| Danske Bank UK | PayPal Debit | |
| Phone Support Available | Yes | No |
| 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 PayPal Debit Foreign Currency Accounts
| Danske Bank UK | PayPal Debit | |
| 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 PayPal Debit
| Danske Bank UK | PayPal Debit | |
| Business Loans | Yes | No |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | No | Yes |
| Free Accounting Software | No | Yes |
Danske Bank UK vs PayPal Debit Banking Basics
| Danske Bank UK | PayPal Debit | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | Yes, up to £85,000 | No |
| FCA Number | 122261 | 742277 |
| Website | Danske Bank UK Website | PayPal Debit Website |
Common Comparison Questions
Does Danske Bank UK or PayPal Debit 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, PayPal Debit scores 1.4 out of 5 based 5,277 Trustpilot reviews. Of which 20% are 5-star and 73% are 1-star.
Does Danske Bank UK or PayPal Debit 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, PayPal Debit’s iPhone App is rated 4.1 out of 5 based on 1,600 reviews. And it’s Android App is rated 3.3 out of 5 based on 91,500 reviews.
Does Danske Bank UK or PayPal Debit 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, PayPal Debit 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.