Is Hampshire Trust Bank or Monese better for your small business?
Below we look at both Hampshire Trust Bank and Monese 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.
Hampshire Trust Bank vs Monese Trustpilot Reviews
| Hampshire Trust Bank | Monese | |
| Trustpilot Review Score (out of 5) | 4.5 | 4.3 |
| Percent 5-Star Reviews | 75% | 68% |
| Percent 1- Star Reviews | 7% | 17% |
| Total Number of Reviews | 1,591 | 40,330 |
https://www.trustpilot.com/review/htb.co.uk
https://www.trustpilot.com/review/www.monese.com
Hampshire Trust Bank vs Monese App Reviews
| Hampshire Trust Bank | Monese | |
| iPhone Review Score (out of 5) | No Rating | 4.8 |
| Number of iPhone Reviews | No Reviews | 68,100 |
| Android Review Score (out of 5) | No Rating | 4.5 |
| Number of Android Reviews | No Reviews | 101,000 |
https://www.apple.com/uk/app-store/
https://apps.apple.com/gb/app/monese-a-banking-alternative/id1102793407
Hampshire Trust Bank vs Monese Account Fees & Charges
| Hampshire Trust Bank | Monese | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | No | £5.95 |
| Most Expensive Monthly Account Fee | No | £14.95 |
| Electronic Payment Cost (in/out) | 25p | Free |
| Cash Payments Cost (in/out) | £1 | 3.5% / 2% |
| Cheques (in/out) | £1 | Free |
| CHAPS Payments Cost | £25 | No |
| SEPA Payments Cost | 20p | No |
Hampshire Trust Bank vs Monese Business Savings Rates
| Hampshire Trust Bank | Monese | |
| Types of Business Savings Accounts | Notice Account, Fixed | None |
| Lowest Savings Rate (AER) | 4.50% | NA |
| Maximum Savings Rate (AER) | 5.15% | NA |
| Minimum Savings Amount | £5,000 | NA |
| Interest Paid On Foreign Currencies | No | Yes |
Hampshire Trust Bank vs Monese Account Opening Times
| Hampshire Trust Bank | Monese | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 1 day | 1 day |
| Do They Check Your Credit? | Yes | No |
| Current Account Switch Service | No | Yes |
Hampshire Trust Bank vs Monese Features & Account Types
| Hampshire Trust Bank | Monese | |
| Business Current Account | No | 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 | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | None | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | No | Yes |
| In Person/Branch Banking | No | No |
| Branch Locations | London & Leeds | None, online only |
Hampshire Trust Bank vs Monese Customer Support Options
| Hampshire Trust Bank | Monese | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | No | Yes |
| Web Based Support | Yes | Yes |
| In person Customer Support | No | No |
Hampshire Trust Bank vs Monese Foreign Currency Accounts
| Hampshire Trust Bank | Monese | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: | No |
|
Other Business Services From Hampshire Trust Bank and Monese
| Hampshire Trust Bank | Monese | |
| Business Loans | Yes | No |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | No |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Hampshire Trust Bank vs Monese Banking Basics
| Hampshire Trust Bank | Monese | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | Yes, up to £85,000 | No |
| FCA Number | 204601 | 900960 |
| Website | Hampshire Trust Bank Website | Monese Website |
Common Comparison Questions
Does Hampshire Trust Bank or Monese have better customer reviews?
Hampshire Trust Bank scores 4.5 out of 5 based 1,591 Trustpilot reviews. Of these reviews 75% are 5-star and 7% are 1-star.
Whereas, Monese scores 4.3 out of 5 based 40,330 Trustpilot reviews. Of which 68% are 5-star and 17% are 1-star.
Does Hampshire Trust Bank or Monese have a better App?
Hampshire Trust Bank’s iPhone App is rated No Rating out of 5 based on No Reviews reviews. And it’s Android App is rated No Rating out of 5 based on No Reviews reviews.
In comparison, Monese’s iPhone App is rated 4.8 out of 5 based on 68,100 reviews. And it’s Android App is rated 4.5 out of 5 based on 101,000 reviews.
Does Hampshire Trust Bank or Monese have better business savings rates?
Hampshire Trust Bank offers the following types of business savings accounts: Notice Account, Fixed with interest rates ranging from 4.50% to 5.15%. (AER)
In contrast, Monese 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.