Is Handelsbanken or ICICI Bank UK better for your small business?
Below we look at both Handelsbanken and ICICI Bank 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.
Handelsbanken vs ICICI Bank UK Trustpilot Reviews
| Handelsbanken | ICICI Bank UK | |
| Trustpilot Review Score (out of 5) | 2.3 | 2.7 |
| Percent 5-Star Reviews | 33% | 18% |
| Percent 1- Star Reviews | 55% | 74% |
| Total Number of Reviews | 124 | 23 |
https://www.trustpilot.com/review/handelsbanken.co.uk
https://www.trustpilot.com/review/www.icicibank.co.uk
Handelsbanken vs ICICI Bank UK App Reviews
| Handelsbanken | ICICI Bank UK | |
| iPhone Review Score (out of 5) | 2.6 | 2.7 |
| Number of iPhone Reviews | 17 | 237 |
| Android Review Score (out of 5) | 1.6 | 4 |
| Number of Android Reviews | 6 | 684 |
https://apps.apple.com/gb/app/handelsbanken-uk-corporate/id1122527533
https://apps.apple.com/gb/app/icici-bank-uk-imobile/id1223898732
Handelsbanken vs ICICI Bank UK Account Fees & Charges
| Handelsbanken | ICICI Bank UK | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | £5 | £5 |
| Most Expensive Monthly Account Fee | £20 | £15 |
| Electronic Payment Cost (in/out) | Free | 25p |
| Cash Payments Cost (in/out) | 30p | £5 per £1,000 / free |
| Cheques (in/out) | £1.50 | £1 |
| CHAPS Payments Cost | £15 | £20 |
| SEPA Payments Cost | 25p | No |
Handelsbanken vs ICICI Bank UK Business Savings Rates
| Handelsbanken | ICICI Bank UK | |
| Types of Business Savings Accounts | Instant Access, Fixed Term, Notice Savings | Business Savings Account, Business Fixed Deposit |
| Lowest Savings Rate (AER) | No | 2.85% |
| Maximum Savings Rate (AER) | No | 4.50% |
| Minimum Savings Amount | £5,000 | £1 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Handelsbanken vs ICICI Bank UK Account Opening Times
| Handelsbanken | ICICI Bank UK | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 Working days | 2 Working days |
| Do They Check Your Credit? | No | Yes |
| Current Account Switch Service | Yes | Yes |
Handelsbanken vs ICICI Bank UK Features & Account Types
| Handelsbanken | ICICI Bank UK | |
| 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 | 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 | UK-wide | London, Birmingham and Manchester |
Handelsbanken vs ICICI Bank UK Customer Support Options
| Handelsbanken | ICICI Bank 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 |
Handelsbanken vs ICICI Bank UK Foreign Currency Accounts
| Handelsbanken | ICICI Bank UK | |
| 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 ICICI Bank UK
| Handelsbanken | ICICI Bank UK | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | No | Yes |
| Invoice Financing | No | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | No |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Handelsbanken vs ICICI Bank UK Banking Basics
| Handelsbanken | ICICI Bank UK | |
| Bank Type | High Street | Foreign Bank |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 197340 | 223268 |
| Website | Handelsbanken Website | ICICI Bank UK Website |
Common Comparison Questions
Does Handelsbanken or ICICI Bank UK 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, ICICI Bank UK scores 2.7 out of 5 based 23 Trustpilot reviews. Of which 18% are 5-star and 74% are 1-star.
Does Handelsbanken or ICICI Bank UK 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, ICICI Bank UK’s iPhone App is rated 2.7 out of 5 based on 237 reviews. And it’s Android App is rated 4 out of 5 based on 684 reviews.
Does Handelsbanken or ICICI Bank UK 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, ICICI Bank UK offers Business Savings Account, Business Fixed Deposit accounts with interest rates ranging from 2.85% to 4.50% (AER).
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For other business bank accounts see our guide here.