Is Handelsbanken or HSBC Kinetic better for your small business?
Below we look at both Handelsbanken and HSBC Kinetic 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.
Handelsbanken vs HSBC Kinetic Trustpilot Reviews
| Handelsbanken | HSBC Kinetic | |
| Trustpilot Review Score (out of 5) | 2.3 | 1.9 |
| Percent 5-Star Reviews | 33% | 0% |
| Percent 1- Star Reviews | 55% | 100% |
| Total Number of Reviews | 124 | 13 |
https://www.trustpilot.com/review/handelsbanken.co.uk
https://www.trustpilot.com/review/hsbckinetic.co.uk
Handelsbanken vs HSBC Kinetic App Reviews
| Handelsbanken | HSBC Kinetic | |
| iPhone Review Score (out of 5) | 2.6 | 4.8 |
| Number of iPhone Reviews | 17 | 15,000 |
| Android Review Score (out of 5) | 1.6 | 4.7 |
| Number of Android Reviews | 6 | 4,000 |
https://apps.apple.com/gb/app/handelsbanken-uk-corporate/id1122527533
https://apps.apple.com/gb/app/hsbc-kinetic/id1457310350
Handelsbanken vs HSBC Kinetic Account Fees & Charges
| Handelsbanken | HSBC Kinetic | |
| Free Business Bank Account | No | Yes |
| Free Business Account Term Length | NA | 12 Months |
| Cheapest Monthly Account Fee | £5 | £6.50 |
| Most Expensive Monthly Account Fee | £20 | £6.50 |
| Electronic Payment Cost (in/out) | Free | Free |
| Cash Payments Cost (in/out) | 30p | 1.10% |
| Cheques (in/out) | £1.50 | 50p per cheque |
| CHAPS Payments Cost | £15 | £17 |
| SEPA Payments Cost | 25p | 24p |
Handelsbanken vs HSBC Kinetic Business Savings Rates
| Handelsbanken | HSBC Kinetic | |
| Types of Business Savings Accounts | Instant Access, Fixed Term, Notice Savings | Instant access, 30+ day, 60+ day |
| Lowest Savings Rate (AER) | No | 1.94% |
| Maximum Savings Rate (AER) | No | 2.02% |
| Minimum Savings Amount | £5,000 | No |
| Interest Paid On Foreign Currencies | Yes | Yes |
Handelsbanken vs HSBC Kinetic Account Opening Times
| Handelsbanken | HSBC Kinetic | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 Working days | 48 hours |
| Do They Check Your Credit? | No | Yes |
| Current Account Switch Service | Yes | Yes |
Handelsbanken vs HSBC Kinetic Features & Account Types
| Handelsbanken | HSBC Kinetic | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | Yes |
| Business Overdraft | Yes | Yes |
| Accounts For Startups | No | Yes |
| Accounts For Charities | No | No |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | No |
| Card Type | Mastercard | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | No |
| Branch Locations | UK-wide | Can use HSBC branches for some services |
Handelsbanken vs HSBC Kinetic Customer Support Options
| Handelsbanken | HSBC Kinetic | |
| 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 | No |
Handelsbanken vs HSBC Kinetic Foreign Currency Accounts
| Handelsbanken | HSBC Kinetic | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
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Other Business Services From Handelsbanken and HSBC Kinetic
| Handelsbanken | HSBC Kinetic | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | No | No |
| Invoice Financing | No | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | Yes |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Handelsbanken vs HSBC Kinetic Banking Basics
| Handelsbanken | HSBC Kinetic | |
| Bank Type | High Street | High Street/Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 197340 | 765112 |
| Website | Handelsbanken Website | HSBC Kinetic Website |
Common Comparison Questions
Does Handelsbanken or HSBC Kinetic have better customer reviews?
Handelsbanken scores 2.3 out of 5 based 124 Trustpilot reviews. Of these reviews 33% are 5-star and 55% are 1-star.
Whereas, HSBC Kinetic scores 1.9 out of 5 based 13 Trustpilot reviews. Of which 0% are 5-star and 100% are 1-star.
Does Handelsbanken or HSBC Kinetic have a better App?
Handelsbanken’s iPhone App is rated 2.6 out of 5 based on 17 reviews. And it’s Android App is rated 1.6 out of 5 based on 6 reviews.
In comparison, HSBC Kinetic’s iPhone App is rated 4.8 out of 5 based on 15,000 reviews. And it’s Android App is rated 4.7 out of 5 based on 4,000 reviews.
Does Handelsbanken or HSBC Kinetic have better business savings rates?
Handelsbanken offers the following types of business savings accounts: Instant Access, Fixed Term, Notice Savings with interest rates ranging from No to No. (AER)
In contrast, HSBC Kinetic offers Instant access, 30+ day, 60+ day accounts with interest rates ranging from 1.94% to 2.02% (AER).
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For other business bank accounts see our guide here.