Is Danske Bank UK or Reliance Bank better for your small business?
Below we look at both Danske Bank UK and Reliance Bank 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 Reliance Bank Trustpilot Reviews
| Danske Bank UK | Reliance Bank | |
| Trustpilot Review Score (out of 5) | 2 | 3.4 |
| Percent 5-Star Reviews | 12% | 25% |
| Percent 1- Star Reviews | 71% | 25% |
| Total Number of Reviews | 24 | 4 |
https://www.trustpilot.com/review/danskebank.co.uk
https://www.trustpilot.com/review/www.reliancebankltd.com
Danske Bank UK vs Reliance Bank App Reviews
| Danske Bank UK | Reliance Bank | |
| iPhone Review Score (out of 5) | 4.4 | 4.7 |
| Number of iPhone Reviews | 2,900 | 451 |
| Android Review Score (out of 5) | 4.4 | 4 |
| Number of Android Reviews | 2,890 | 144 |
https://apps.apple.com/gb/app/mobile-bank-uk-danske-bank/id1365361930
https://apps.apple.com/us/app/reliance-bank-mobile-banking/id1050676219
Danske Bank UK vs Reliance Bank Account Fees & Charges
| Danske Bank UK | Reliance Bank | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 24 Months | NA |
| Cheapest Monthly Account Fee | £7 | £7.50 |
| Most Expensive Monthly Account Fee | £48 | £7.50 |
| Electronic Payment Cost (in/out) | 45p | 25p |
| Cash Payments Cost (in/out) | 90p / £1.40 per £100 | 30p / 25p per £100 |
| Cheques (in/out) | 80p / 90p per item | 30p / 25p |
| CHAPS Payments Cost | £20 | £15 |
| SEPA Payments Cost | No | 25p |
Danske Bank UK vs Reliance Bank Business Savings Rates
| Danske Bank UK | Reliance Bank | |
| Types of Business Savings Accounts | Business Investment Account, Fixed Term Deposit | Instant Access, Fixed Term, Notice Savings |
| Lowest Savings Rate (AER) | 1.65% | 2.15% |
| Maximum Savings Rate (AER) | 4.60% | 4.40% |
| Minimum Savings Amount | £1 | £1,000 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Danske Bank UK vs Reliance Bank Account Opening Times
| Danske Bank UK | Reliance Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 10 Working days | 7 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Danske Bank UK vs Reliance Bank Features & Account Types
| Danske Bank UK | Reliance Bank | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | Yes |
| Accounts For Startups | Yes | No |
| 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 | Yes |
| Branch Locations | Nothern Ireland oly | London |
Danske Bank UK vs Reliance Bank Customer Support Options
| Danske Bank UK | Reliance Bank | |
| 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 | Yes |
Danske Bank UK vs Reliance Bank Foreign Currency Accounts
| Danske Bank UK | Reliance Bank | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
|
|
Other Business Services From Danske Bank UK and Reliance Bank
| Danske Bank UK | Reliance Bank | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| 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 Reliance Bank Banking Basics
| Danske Bank UK | Reliance Bank | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 122261 | 204537 |
| Website | Danske Bank UK Website | Reliance Bank Website |
Common Comparison Questions
Does Danske Bank UK or Reliance Bank 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, Reliance Bank scores 3.4 out of 5 based 4 Trustpilot reviews. Of which 25% are 5-star and 25% are 1-star.
Does Danske Bank UK or Reliance Bank 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, Reliance Bank’s iPhone App is rated 4.7 out of 5 based on 451 reviews. And it’s Android App is rated 4 out of 5 based on 144 reviews.
Does Danske Bank UK or Reliance Bank 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, Reliance Bank offers Instant Access, Fixed Term, Notice Savings accounts with interest rates ranging from 2.15% to 4.40% (AER).
See Other Comparisons:Danske Bank UK vs SumUp Business Account
Danske Bank UK vs Cambridge & Counties Bank
Danske Bank UK vs Recognise Bank
Danske Bank UK vs Dudley Building Society
Danske Bank UK vs MyPOS
For other business bank accounts see our guide here.