Is HSBC or Countingup better for your small business?
Below we look at both HSBC and Countingup 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.
HSBC vs Countingup Trustpilot Reviews
| HSBC | Countingup | |
| Trustpilot Review Score (out of 5) | 1.5 | 4.4 |
| Percent 5-Star Reviews | 7% | 81% |
| Percent 1- Star Reviews | 88% | 9% |
| Total Number of Reviews | 8,399 | 2,382 |
https://www.trustpilot.com/review/www.hsbc.co.uk
https://www.trustpilot.com/review/countingup.com
HSBC vs Countingup App Reviews
| HSBC | Countingup | |
| iPhone Review Score (out of 5) | 4.8 | 4.7 |
| Number of iPhone Reviews | 1,400,000 | 2,800 |
| Android Review Score (out of 5) | 4.8 | 4.5 |
| Number of Android Reviews | 260,000 | 1,300 |
https://apps.apple.com/gb/app/hsbc-uk-mobile-banking/id1220329065
https://apps.apple.com/gb/app/countingup-business-account/id1286828618
HSBC vs Countingup Account Fees & Charges
| HSBC | Countingup | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 12 Months | NA |
| Cheapest Monthly Account Fee | £6.50 | £3 |
| Most Expensive Monthly Account Fee | £10 | £18 |
| Electronic Payment Cost (in/out) | 35p | 30p |
| Cash Payments Cost (in/out) | £1.50 | £1 |
| Cheques (in/out) | 50p per cheque | Free |
| CHAPS Payments Cost | £17 | No |
| SEPA Payments Cost | 20p | No |
HSBC vs Countingup Business Savings Rates
| HSBC | Countingup | |
| Types of Business Savings Accounts | Business Money Manager, Business Money Market, Clients Deposit | None |
| Lowest Savings Rate (AER) | 0.10% | NA |
| Maximum Savings Rate (AER) | 2.02% | NA |
| Minimum Savings Amount | £1 | NA |
| Interest Paid On Foreign Currencies | Yes | Yes |
HSBC vs Countingup Account Opening Times
| HSBC | Countingup | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 to 10 Working days | 5 minutes |
| Do They Check Your Credit? | Yes | No |
| Current Account Switch Service | Yes | Yes |
HSBC vs Countingup Features & Account Types
| HSBC | Countingup | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | No |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | No |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Visa | Mastercard |
| Online Banking | Yes | No |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | No |
| Branch Locations | UK-wide | None, online only |
HSBC vs Countingup Customer Support Options
| HSBC | Countingup | |
| Phone Support Available | Yes | No |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | Yes |
| Web Based Support | Yes | Yes |
| In person Customer Support | Yes | No |
HSBC vs Countingup Foreign Currency Accounts
| HSBC | Countingup | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
|
|
Other Business Services From HSBC and Countingup
| HSBC | Countingup | |
| Business Loans | Yes | No |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | No |
| Card Machines | Yes | No |
| Free Accounting Software | No | Yes |
HSBC vs Countingup Banking Basics
| HSBC | Countingup | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | No |
| FCA Number | 765112 | 900010 |
| Website | HSBC Website | Countingup Website |
Common Comparison Questions
Does HSBC or Countingup have better customer reviews?
HSBC scores 1.5 out of 5 based 8,399 Trustpilot reviews. Of these reviews 7% are 5-star and 88% are 1-star.
Whereas, Countingup scores 4.4 out of 5 based 2,382 Trustpilot reviews. Of which 81% are 5-star and 9% are 1-star.
Does HSBC or Countingup have a better App?
HSBC’s iPhone App is rated 4.8 out of 5 based on 1,400,000 reviews. And it’s Android App is rated 4.8 out of 5 based on 260,000 reviews.
In comparison, Countingup’s iPhone App is rated 4.7 out of 5 based on 2,800 reviews. And it’s Android App is rated 4.5 out of 5 based on 1,300 reviews.
Does HSBC or Countingup have better business savings rates?
HSBC offers the following types of business savings accounts: Business Money Manager, Business Money Market, Clients Deposit with interest rates ranging from 0.10% to 2.02%. (AER)
In contrast, Countingup offers None accounts with interest rates ranging from NA to NA (AER).
See Other Comparisons:HSBC vs State Bank of India (UK)
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For other business bank accounts see our guide here.