HSBC VS HSBC Kinetic: Business Banking Review & Fee Comparison

Is HSBC or HSBC Kinetic better for your small business?

Below we look at both HSBC 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.

HSBC vs HSBC Kinetic Trustpilot Reviews

	HSBC	HSBC Kinetic
Trustpilot Review Score (out of 5)	1.5	1.9
Percent 5-Star Reviews	7%	0%
Percent 1- Star Reviews	88%	100%
Total Number of Reviews	8,399	13

Sources:
https://www.trustpilot.com/review/www.hsbc.co.uk
https://www.trustpilot.com/review/hsbckinetic.co.uk

HSBC vs HSBC Kinetic App Reviews

	HSBC	HSBC Kinetic
iPhone Review Score (out of 5)	4.8	4.8
Number of iPhone Reviews	1,400,000	15,000
Android Review Score (out of 5)	4.8	4.7
Number of Android Reviews	260,000	4,000

Sources:
https://apps.apple.com/gb/app/hsbc-uk-mobile-banking/id1220329065
https://apps.apple.com/gb/app/hsbc-kinetic/id1457310350

HSBC vs HSBC Kinetic Account Fees & Charges

	HSBC	HSBC Kinetic
Free Business Bank Account	Yes	Yes
Free Business Account Term Length	12 Months	12 Months
Cheapest Monthly Account Fee	£6.50	£6.50
Most Expensive Monthly Account Fee	£10	£6.50
Electronic Payment Cost (in/out)	35p	Free
Cash Payments Cost (in/out)	£1.50	1.10%
Cheques (in/out)	50p per cheque	50p per cheque
CHAPS Payments Cost	£17	£17
SEPA Payments Cost	20p	24p

HSBC vs HSBC Kinetic Business Savings Rates

	HSBC	HSBC Kinetic
Types of Business Savings Accounts	Business Money Manager, Business Money Market, Clients Deposit	Instant access, 30+ day, 60+ day
Lowest Savings Rate (AER)	0.10%	1.94%
Maximum Savings Rate (AER)	2.02%	2.02%
Minimum Savings Amount	£1	No
Interest Paid On Foreign Currencies	Yes	Yes

HSBC vs HSBC Kinetic Account Opening Times

	HSBC	HSBC Kinetic
Can You Apply Online?	Yes	Yes
How Long Does Opening An Account Typically Take?	7 to 10 Working days	48 hours
Do They Check Your Credit?	Yes	Yes
Current Account Switch Service	Yes	Yes

HSBC vs HSBC Kinetic Features & Account Types

	HSBC	HSBC Kinetic
Business Current Account	Yes	Yes
Business Savings Account	Yes	Yes
Business Credit Card	Yes	Yes
Business Overdraft	Yes	Yes
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	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

HSBC vs HSBC Kinetic Customer Support Options

	HSBC	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

HSBC vs HSBC Kinetic Foreign Currency Accounts

	HSBC	HSBC Kinetic
US Dollar (USD) Bank Accounts	Yes	Yes
Euro (EUR) Bank Accounts	Yes	Yes
Other Currencies Available:	Australian dollar (AUD) Bahraini dinar (BHD) Brunei dollar (BND) Canadian dollar (CAD) Chinese yuan (CNY) Czech koruna (CZK) Danish krone (DKK) Hong Kong dollar (HKD) Hungarian forint (HUF) Indian rupee (INR) Indonesian rupiah (IDR) Israeli shekel (ILS) Japanese yen (JPY) Kuwaiti dinar (KWD) Malaysian ringgit (MYR) New Zealand dollar (NZD) Norwegian krone (NOK) Omani rial (OMR) Polish zloty (PLN) Qatari riyal (QAR) Saudi riyal (SAR) Singapore dollar (SGD) South African rand (ZAR) South Korean won (KRW) Swiss franc (CHF) Swedish krona (SEK) Thai baht (THB) United Arab Emirates dirham (AED)	Brazilian real (BRL) Canadian dollar (CAD) Chilean peso (CLP) Colombian peso (COP) Mexican peso (MXN) Chinese yuan (CNY) Hong Kong dollar (HKD) Indian rupee (INR) Japanese yen (JPY) Korean won (KRW) Malaysian ringgit (MYR) Singapore dollar (SGD) Thai baht (THB) Austrian euro (EUR) Belgian euro (EUR) Bulgarian lev (BGN) Croatian kuna (HRK) Czech koruna (CZK) Danish krone (DKK) Estonian euro (EUR) Finnish euro (EUR) French euro (EUR) German euro (EUR) Greek euro (EUR) Hungarian forint (HUF) Icelandic króna (ISK) Irish euro (EUR) Italian euro (EUR) Latvian euro (EUR) Lithuanian euro (EUR) Maltese euro (EUR) Dutch euro (EUR) Polish zloty (PLN) Portuguese euro (EUR) Romanian leu (RON) Slovak euro (EUR) Slovenian euro (EUR) Spanish euro (EUR) Australian dollar (AUD) New Zealand dollar (NZD)

Other Business Services From HSBC and HSBC Kinetic

	HSBC	HSBC Kinetic
Business Loans	Yes	Yes
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 HSBC Kinetic Banking Basics

	HSBC	HSBC Kinetic
Bank Type	High Street	High Street/Challenger
FSCS Protection	Yes, up to £85,000	Yes, up to £85,000
FCA Number	765112	765112
Website	HSBC Website	HSBC Kinetic Website

Common Comparison Questions

Does HSBC or HSBC Kinetic 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, HSBC Kinetic scores 1.9 out of 5 based 13 Trustpilot reviews. Of which 0% are 5-star and 100% are 1-star.

Does HSBC or HSBC Kinetic 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, 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 HSBC or HSBC Kinetic 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, HSBC Kinetic offers Instant access, 30+ day, 60+ day accounts with interest rates ranging from 1.94% to 2.02% (AER).

See Other Comparisons:
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HSBC vs Countingup
HSBC vs State Bank of India (UK)
HSBC vs Charity Bank


For other business bank accounts see our guide here.