Is Hampshire Trust Bank or OakNorth better for your small business?
Below we look at both Hampshire Trust Bank 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.
Hampshire Trust Bank vs OakNorth Trustpilot Reviews
| Hampshire Trust Bank | OakNorth | |
| Trustpilot Review Score (out of 5) | 4.5 | 4.8 |
| Percent 5-Star Reviews | 75% | 84% |
| Percent 1- Star Reviews | 7% | 3% |
| Total Number of Reviews | 1,591 | 8,904 |
https://www.trustpilot.com/review/htb.co.uk
https://www.trustpilot.com/review/oaknorth.co.uk
Hampshire Trust Bank vs OakNorth App Reviews
| Hampshire Trust Bank | OakNorth | |
| iPhone Review Score (out of 5) | No Rating | 4.8 |
| Number of iPhone Reviews | No Reviews | 1,600 |
| Android Review Score (out of 5) | No Rating | 4.8 |
| Number of Android Reviews | No Reviews | 468 |
https://www.apple.com/uk/app-store/
https://apps.apple.com/gb/app/oaknorth-savings/id1476387507
Hampshire Trust Bank vs OakNorth Account Fees & Charges
| Hampshire Trust Bank | OakNorth | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | No | £25 |
| Most Expensive Monthly Account Fee | No | £99.99 |
| Electronic Payment Cost (in/out) | 25p | Free |
| Cash Payments Cost (in/out) | £1 | 70p per £100 |
| Cheques (in/out) | £1 | £1 per cheque |
| CHAPS Payments Cost | £25 | £17 |
| SEPA Payments Cost | 20p | No |
Hampshire Trust Bank vs OakNorth Business Savings Rates
| Hampshire Trust Bank | OakNorth | |
| Types of Business Savings Accounts | Notice Account, Fixed | Fixed Term, Notice Accounts, Easy Access |
| Lowest Savings Rate (AER) | 4.50% | 3.85% |
| Maximum Savings Rate (AER) | 5.15% | 3.85% |
| Minimum Savings Amount | £5,000 | £10,000 |
| Interest Paid On Foreign Currencies | No | No |
Hampshire Trust Bank vs OakNorth Account Opening Times
| Hampshire Trust Bank | OakNorth | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 1 day | Few minutes |
| Do They Check Your Credit? | Yes | No |
| Current Account Switch Service | No | No |
Hampshire Trust Bank vs OakNorth Features & Account Types
| Hampshire Trust Bank | OakNorth | |
| Business Current Account | No | 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 | None | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | No | Yes |
| In Person/Branch Banking | No | No |
| Branch Locations | London & Leeds | None, online and phone only |
Hampshire Trust Bank vs OakNorth Customer Support Options
| Hampshire Trust Bank | OakNorth | |
| 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 OakNorth Foreign Currency Accounts
| Hampshire Trust Bank | OakNorth | |
| US Dollar (USD) Bank Accounts | Yes | No |
| Euro (EUR) Bank Accounts | Yes | No |
| Other Currencies Available: | No | No |
Other Business Services From Hampshire Trust Bank and OakNorth
| Hampshire Trust Bank | OakNorth | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | Yes |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Hampshire Trust Bank vs OakNorth Banking Basics
| Hampshire Trust Bank | OakNorth | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 204601 | 629564 |
| Website | Hampshire Trust Bank Website | OakNorth Website |
Common Comparison Questions
Does Hampshire Trust Bank or OakNorth 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, OakNorth scores 4.8 out of 5 based 8,904 Trustpilot reviews. Of which 84% are 5-star and 3% are 1-star.
Does Hampshire Trust Bank or OakNorth 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, 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 Hampshire Trust Bank or OakNorth 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, OakNorth offers Fixed Term, Notice Accounts, Easy Access accounts with interest rates ranging from 3.85% to 3.85% (AER).
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For other business bank accounts see our guide here.