Is HSBC or Fair Everywhere better for your small business?
Below we look at both HSBC and Fair Everywhere 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 Fair Everywhere Trustpilot Reviews
| HSBC | Fair Everywhere | |
| Trustpilot Review Score (out of 5) | 1.5 | 3.1 |
| Percent 5-Star Reviews | 7% | 27% |
| Percent 1- Star Reviews | 88% | 64% |
| Total Number of Reviews | 8,399 | 11 |
https://www.trustpilot.com/review/www.hsbc.co.uk
https://www.trustpilot.com/review/faireverywhere.com
HSBC vs Fair Everywhere App Reviews
| HSBC | Fair Everywhere | |
| iPhone Review Score (out of 5) | 4.8 | 2.2 |
| Number of iPhone Reviews | 1,400,000 | 5 |
| Android Review Score (out of 5) | 4.8 | 3.9 |
| Number of Android Reviews | 260,000 | 7 |
https://apps.apple.com/gb/app/hsbc-uk-mobile-banking/id1220329065
https://apps.apple.com/gb/app/fair-everywhere/id1331905256
HSBC vs Fair Everywhere Account Fees & Charges
| HSBC | Fair Everywhere | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 12 Months | NA |
| Cheapest Monthly Account Fee | £6.50 | £12.50 |
| Most Expensive Monthly Account Fee | £10 | £12.50 |
| Electronic Payment Cost (in/out) | 35p | 30p |
| Cash Payments Cost (in/out) | £1.50 | £1.50 / £3 + 2.75% |
| Cheques (in/out) | 50p per cheque | 50p per cheque |
| CHAPS Payments Cost | £17 | £30 |
| SEPA Payments Cost | 20p | No |
HSBC vs Fair Everywhere Business Savings Rates
| HSBC | Fair Everywhere | |
| 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 Fair Everywhere Account Opening Times
| HSBC | Fair Everywhere | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 to 10 Working days | 1 day |
| Do They Check Your Credit? | Yes | No |
| Current Account Switch Service | Yes | Yes |
HSBC vs Fair Everywhere Features & Account Types
| HSBC | Fair Everywhere | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | No |
| Business Credit Card | Yes | Yes |
| 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 | No |
| Card Type | Visa | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | No |
| Branch Locations | UK-wide | None, online only |
HSBC vs Fair Everywhere Customer Support Options
| HSBC | Fair Everywhere | |
| 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 |
HSBC vs Fair Everywhere Foreign Currency Accounts
| HSBC | Fair Everywhere | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
|
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Other Business Services From HSBC and Fair Everywhere
| HSBC | Fair Everywhere | |
| Business Loans | Yes | No |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | Yes | No |
| Free Accounting Software | No | No |
HSBC vs Fair Everywhere Banking Basics
| HSBC | Fair Everywhere | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | No |
| FCA Number | 765112 | 504547 |
| Website | HSBC Website | Fair Everywhere Website |
Common Comparison Questions
Does HSBC or Fair Everywhere 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, Fair Everywhere scores 3.1 out of 5 based 11 Trustpilot reviews. Of which 27% are 5-star and 64% are 1-star.
Does HSBC or Fair Everywhere 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, Fair Everywhere’s iPhone App is rated 2.2 out of 5 based on 5 reviews. And it’s Android App is rated 3.9 out of 5 based on 7 reviews.
Does HSBC or Fair Everywhere 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, Fair Everywhere offers None accounts with interest rates ranging from NA to NA (AER).
See Other Comparisons:HSBC vs Countingup
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For other business bank accounts see our guide here.