Is Hampshire Trust Bank or State Bank of India (UK) better for your small business?
Below we look at both Hampshire Trust Bank 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.
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Hampshire Trust Bank vs State Bank of India (UK) Trustpilot Reviews
| Hampshire Trust Bank | State Bank of India (UK) | |
| Trustpilot Review Score (out of 5) | 4.5 | 3.7 |
| Percent 5-Star Reviews | 75% | 33% |
| Percent 1- Star Reviews | 7% | 34% |
| Total Number of Reviews | 1,591 | 3 |
https://www.trustpilot.com/review/htb.co.uk
https://www.trustpilot.com/review/sbiuk.statebank
Hampshire Trust Bank vs State Bank of India (UK) App Reviews
| Hampshire Trust Bank | State Bank of India (UK) | |
| iPhone Review Score (out of 5) | No Rating | 2.4 |
| Number of iPhone Reviews | No Reviews | 253 |
| Android Review Score (out of 5) | No Rating | 1.7 |
| Number of Android Reviews | No Reviews | 1,640 |
https://www.apple.com/uk/app-store/
https://apps.apple.com/gb/app/yono-sbi-uk/id1454780358
Hampshire Trust Bank vs State Bank of India (UK) Account Fees & Charges
| Hampshire Trust Bank | State Bank of India (UK) | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | No | £80 |
| Most Expensive Monthly Account Fee | No | £120 |
| Electronic Payment Cost (in/out) | 25p | Free |
| Cash Payments Cost (in/out) | £1 | £3 / Free |
| Cheques (in/out) | £1 | £10.00 per cheque |
| CHAPS Payments Cost | £25 | £25 |
| SEPA Payments Cost | 20p | £25 |
Hampshire Trust Bank vs State Bank of India (UK) Business Savings Rates
| Hampshire Trust Bank | State Bank of India (UK) | |
| Types of Business Savings Accounts | Notice Account, Fixed | Instant Access, Notice Savings, Fixed Deposit, Limited Access |
| Lowest Savings Rate (AER) | 4.50% | 1.95% |
| Maximum Savings Rate (AER) | 5.15% | 5.00% |
| Minimum Savings Amount | £5,000 | £1 |
| Interest Paid On Foreign Currencies | No | Yes |
Hampshire Trust Bank vs State Bank of India (UK) Account Opening Times
| Hampshire Trust Bank | State Bank of India (UK) | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 1 day | 3 to 4 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | No | Yes |
Hampshire Trust Bank vs State Bank of India (UK) Features & Account Types
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| Hampshire Trust Bank | State Bank of India (UK) | |
| Business Current Account | No | 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 | None | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | No | Yes |
| In Person/Branch Banking | No | Yes |
| Branch Locations | London & Leeds | Limited locations in London and Midlands |
Hampshire Trust Bank vs State Bank of India (UK) Customer Support Options
| Hampshire Trust Bank | State Bank of India (UK) | |
| 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 | Yes |
Hampshire Trust Bank vs State Bank of India (UK) Foreign Currency Accounts
| Hampshire Trust Bank | State Bank of India (UK) | |
| 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 State Bank of India (UK)
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| Hampshire Trust Bank | State Bank of India (UK) | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | No |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Hampshire Trust Bank vs State Bank of India (UK) Banking Basics
| Hampshire Trust Bank | State Bank of India (UK) | |
| Bank Type | Challenger | Foreign Bank |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 204601 | 757156 |
| Website | Hampshire Trust Bank Website | State Bank of India (UK) Website |
Common Comparison Questions
Does Hampshire Trust Bank or State Bank of India (UK) 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, 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 Hampshire Trust Bank or State Bank of India (UK) 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, 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 Hampshire Trust Bank or State Bank of India (UK) 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, 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).
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For other business bank accounts see our guide here.