Is Handelsbanken or SumUp Business Account better for your small business?
Below we look at both Handelsbanken and SumUp Business Account 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 SumUp Business Account Trustpilot Reviews
| Handelsbanken | SumUp Business Account | |
| Trustpilot Review Score (out of 5) | 2.3 | 4.2 |
| Percent 5-Star Reviews | 33% | 64% |
| Percent 1- Star Reviews | 55% | 22% |
| Total Number of Reviews | 124 | 18,247 |
https://www.trustpilot.com/review/handelsbanken.co.uk
https://www.trustpilot.com/review/sumup.com
Handelsbanken vs SumUp Business Account App Reviews
| Handelsbanken | SumUp Business Account | |
| iPhone Review Score (out of 5) | 2.6 | 4.8 |
| Number of iPhone Reviews | 17 | 12,400 |
| Android Review Score (out of 5) | 1.6 | 4.7 |
| Number of Android Reviews | 6 | 84,500 |
https://apps.apple.com/gb/app/handelsbanken-uk-corporate/id1122527533
https://apps.apple.com/gb/app/sumup/id514879214
Handelsbanken vs SumUp Business Account Account Fees & Charges
| Handelsbanken | SumUp Business Account | |
| Free Business Bank Account | No | Yes |
| Free Business Account Term Length | NA | No Limit |
| Cheapest Monthly Account Fee | £5 | No |
| Most Expensive Monthly Account Fee | £20 | No |
| Electronic Payment Cost (in/out) | Free | Free |
| Cash Payments Cost (in/out) | 30p | Free |
| Cheques (in/out) | £1.50 | Free |
| CHAPS Payments Cost | £15 | No |
| SEPA Payments Cost | 25p | No |
Handelsbanken vs SumUp Business Account Business Savings Rates
| Handelsbanken | SumUp Business Account | |
| Types of Business Savings Accounts | Instant Access, Fixed Term, Notice Savings | None |
| Lowest Savings Rate (AER) | No | NA |
| Maximum Savings Rate (AER) | No | NA |
| Minimum Savings Amount | £5,000 | NA |
| Interest Paid On Foreign Currencies | Yes | No |
Handelsbanken vs SumUp Business Account Account Opening Times
| Handelsbanken | SumUp Business Account | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 Working days | 10 minutes |
| Do They Check Your Credit? | No | Yes |
| Current Account Switch Service | Yes | No |
Handelsbanken vs SumUp Business Account Features & Account Types
| Handelsbanken | SumUp Business Account | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | No |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | No |
| Accounts For Startups | No | Yes |
| Accounts For Charities | No | Yes |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | No |
| Card Type | Mastercard | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | No |
| Branch Locations | UK-wide | None, online only |
Handelsbanken vs SumUp Business Account Customer Support Options
| Handelsbanken | SumUp Business Account | |
| 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 SumUp Business Account Foreign Currency Accounts
| Handelsbanken | SumUp Business Account | |
| US Dollar (USD) Bank Accounts | Yes | No |
| Euro (EUR) Bank Accounts | Yes | No |
| Other Currencies Available: |
| No |
Other Business Services From Handelsbanken and SumUp Business Account
| Handelsbanken | SumUp Business Account | |
| Business Loans | Yes | No |
| Commercial Mortgages | No | No |
| Invoice Financing | No | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | Yes |
| Card Machines | No | Yes |
| Free Accounting Software | No | No |
Handelsbanken vs SumUp Business Account Banking Basics
| Handelsbanken | SumUp Business Account | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | No |
| FCA Number | 197340 | 900700 |
| Website | Handelsbanken Website | SumUp Business Account Website |
Common Comparison Questions
Does Handelsbanken or SumUp Business Account 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, SumUp Business Account scores 4.2 out of 5 based 18,247 Trustpilot reviews. Of which 64% are 5-star and 22% are 1-star.
Does Handelsbanken or SumUp Business Account 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, SumUp Business Account’s iPhone App is rated 4.8 out of 5 based on 12,400 reviews. And it’s Android App is rated 4.7 out of 5 based on 84,500 reviews.
Does Handelsbanken or SumUp Business Account 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, SumUp Business Account 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.