Is Danske Bank UK or State Bank of India (UK) better for your small business?
Below we look at both Danske Bank UK and State Bank of India (UK) 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.
.png)
Danske Bank UK vs State Bank of India (UK) Trustpilot Reviews
| Danske Bank UK | State Bank of India (UK) | |
| Trustpilot Review Score (out of 5) | 2 | 3.7 |
| Percent 5-Star Reviews | 12% | 33% |
| Percent 1- Star Reviews | 71% | 34% |
| Total Number of Reviews | 24 | 3 |
https://www.trustpilot.com/review/danskebank.co.uk
https://www.trustpilot.com/review/sbiuk.statebank
Danske Bank UK vs State Bank of India (UK) App Reviews
| Danske Bank UK | State Bank of India (UK) | |
| iPhone Review Score (out of 5) | 4.4 | 2.4 |
| Number of iPhone Reviews | 2,900 | 253 |
| Android Review Score (out of 5) | 4.4 | 1.7 |
| Number of Android Reviews | 2,890 | 1,640 |
https://apps.apple.com/gb/app/mobile-bank-uk-danske-bank/id1365361930
https://apps.apple.com/gb/app/yono-sbi-uk/id1454780358
Danske Bank UK vs State Bank of India (UK) Account Fees & Charges
| Danske Bank UK | State Bank of India (UK) | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 24 Months | NA |
| Cheapest Monthly Account Fee | £7 | £80 |
| Most Expensive Monthly Account Fee | £48 | £120 |
| Electronic Payment Cost (in/out) | 45p | Free |
| Cash Payments Cost (in/out) | 90p / £1.40 per £100 | £3 / Free |
| Cheques (in/out) | 80p / 90p per item | £10.00 per cheque |
| CHAPS Payments Cost | £20 | £25 |
| SEPA Payments Cost | No | £25 |
Danske Bank UK vs State Bank of India (UK) Business Savings Rates
| Danske Bank UK | State Bank of India (UK) | |
| Types of Business Savings Accounts | Business Investment Account, Fixed Term Deposit | Instant Access, Notice Savings, Fixed Deposit, Limited Access |
| Lowest Savings Rate (AER) | 1.65% | 1.95% |
| Maximum Savings Rate (AER) | 4.60% | 5.00% |
| Minimum Savings Amount | £1 | £1 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Danske Bank UK vs State Bank of India (UK) Account Opening Times
| Danske Bank UK | State Bank of India (UK) | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 10 Working days | 3 to 4 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Danske Bank UK vs State Bank of India (UK) Features & Account Types
_F1.png)
| Danske Bank UK | State Bank of India (UK) | |
| 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 | 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 | Limited locations in London and Midlands |
Danske Bank UK vs State Bank of India (UK) Customer Support Options
| Danske Bank UK | State Bank of India (UK) | |
| 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 State Bank of India (UK) Foreign Currency Accounts
| Danske Bank UK | State Bank of India (UK) | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
|
|
Other Business Services From Danske Bank UK and State Bank of India (UK)
_F2.png)
| Danske Bank UK | State Bank of India (UK) | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | No |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Danske Bank UK vs State Bank of India (UK) Banking Basics
| Danske Bank UK | State Bank of India (UK) | |
| Bank Type | Challenger | Foreign Bank |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 122261 | 757156 |
| Website | Danske Bank UK Website | State Bank of India (UK) Website |
Common Comparison Questions
Does Danske Bank UK or State Bank of India (UK) 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, State Bank of India (UK) scores 3.7 out of 5 based 3 Trustpilot reviews. Of which 33% are 5-star and 34% are 1-star.
Does Danske Bank UK or State Bank of India (UK) 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, State Bank of India (UK)’s iPhone App is rated 2.4 out of 5 based on 253 reviews. And it’s Android App is rated 1.7 out of 5 based on 1,640 reviews.
Does Danske Bank UK or State Bank of India (UK) 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, State Bank of India (UK) offers Instant Access, Notice Savings, Fixed Deposit, Limited Access accounts with interest rates ranging from 1.95% to 5.00% (AER).
See Other Comparisons:Danske Bank UK vs Charity Bank
Danske Bank UK vs Cumberland Building Society
Danske Bank UK vs Redwood Bank
Danske Bank UK vs Amaiz
Danske Bank UK vs ICICI Bank UK
For other business bank accounts see our guide here.