Is HSBC or Kent Reliance better for your small business?
Below we look at both HSBC and Kent Reliance 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 Kent Reliance Trustpilot Reviews
| HSBC | Kent Reliance | |
| Trustpilot Review Score (out of 5) | 1.5 | 4 |
| Percent 5-Star Reviews | 7% | 61% |
| Percent 1- Star Reviews | 88% | 22% |
| Total Number of Reviews | 8,399 | 2,104 |
https://www.trustpilot.com/review/www.hsbc.co.uk
https://www.trustpilot.com/review/www.kentreliance.co.uk
HSBC vs Kent Reliance App Reviews
| HSBC | Kent Reliance | |
| iPhone Review Score (out of 5) | 4.8 | No Rating |
| Number of iPhone Reviews | 1,400,000 | No Reviews |
| Android Review Score (out of 5) | 4.8 | No Rating |
| Number of Android Reviews | 260,000 | No Reviews |
https://apps.apple.com/gb/app/hsbc-uk-mobile-banking/id1220329065
https://www.apple.com/uk/app-store/
HSBC vs Kent Reliance Account Fees & Charges
| HSBC | Kent Reliance | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 12 Months | NA |
| Cheapest Monthly Account Fee | £6.50 | Free |
| Most Expensive Monthly Account Fee | £10 | Free |
| Electronic Payment Cost (in/out) | 35p | £10 |
| Cash Payments Cost (in/out) | £1.50 | £1 |
| Cheques (in/out) | 50p per cheque | £1 |
| CHAPS Payments Cost | £17 | £10 |
| SEPA Payments Cost | 20p | No |
HSBC vs Kent Reliance Business Savings Rates
| HSBC | Kent Reliance | |
| Types of Business Savings Accounts | Business Money Manager, Business Money Market, Clients Deposit | Easy access, Notice Account, Fixed rate, Business savings |
| Lowest Savings Rate (AER) | 0.10% | 0.10% |
| Maximum Savings Rate (AER) | 2.02% | 5.13% |
| Minimum Savings Amount | £1 | £1,000 |
| Interest Paid On Foreign Currencies | Yes | No |
HSBC vs Kent Reliance Account Opening Times
| HSBC | Kent Reliance | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 to 10 Working days | 10 minutes |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | No |
HSBC vs Kent Reliance Features & Account Types
| HSBC | Kent Reliance | |
| Business Current Account | Yes | No |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | No |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | Yes |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Visa | None |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | No |
| In Person/Branch Banking | Yes | Yes |
| Branch Locations | UK-wide | Locations in Kent only |
HSBC vs Kent Reliance Customer Support Options
| HSBC | Kent Reliance | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | No |
| Web Based Support | Yes | Yes |
| In person Customer Support | Yes | Yes |
HSBC vs Kent Reliance Foreign Currency Accounts
| HSBC | Kent Reliance | |
| US Dollar (USD) Bank Accounts | Yes | No |
| Euro (EUR) Bank Accounts | Yes | No |
| Other Currencies Available: |
| No |
Other Business Services From HSBC and Kent Reliance
| HSBC | Kent Reliance | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | No |
| International Payments | Yes | No |
| Merchant Payment Services | Yes | No |
| Card Machines | Yes | No |
| Free Accounting Software | No | No |
HSBC vs Kent Reliance Banking Basics
| HSBC | Kent Reliance | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 765112 | 530504 |
| Website | HSBC Website | Kent Reliance Website |
Common Comparison Questions
Does HSBC or Kent Reliance 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, Kent Reliance scores 4 out of 5 based 2,104 Trustpilot reviews. Of which 61% are 5-star and 22% are 1-star.
Does HSBC or Kent Reliance 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, Kent Reliance’s iPhone App is rated No Rating out of 5 based on No Reviews reviews. And it’s Android App is rated No Rating out of 5 based on No Reviews reviews.
Does HSBC or Kent Reliance 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, Kent Reliance offers Easy access, Notice Account, Fixed rate, Business savings accounts with interest rates ranging from 0.10% to 5.13% (AER).
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HSBC vs Aldermore
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For other business bank accounts see our guide here.