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HSBC VS Revolut Business: Business Banking Review & Fee Comparison


By: Ian Wright | Last Updated: May 22, 2025

Is HSBC or Revolut Business better for your small business?



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Below we look at both HSBC and Revolut Business 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 Homepage
HSBC Homepage


Revolut Business Homepage
Revolut Business Homepage
 

HSBC vs Revolut Business Trustpilot Reviews

HSBCRevolut Business
Trustpilot Review Score (out of 5)1.54.2
Percent 5-Star Reviews7%75%
Percent 1- Star Reviews88%10%
Total Number of Reviews8,399148,162
Sources:
https://www.trustpilot.com/review/www.hsbc.co.uk
https://www.trustpilot.com/review/www.revolut.com

HSBC vs Revolut Business App Reviews

HSBCRevolut Business
iPhone Review Score (out of 5)4.84.9
Number of iPhone Reviews1,400,00026,200
Android Review Score (out of 5)4.84.6
Number of Android Reviews260,00020,300
Sources:
https://apps.apple.com/gb/app/hsbc-uk-mobile-banking/id1220329065
https://apps.apple.com/gb/app/revolut-business/id1436969262

HSBC vs Revolut Business Account Fees & Charges

HSBCRevolut Business
Free Business Bank AccountYesYes
Free Business Account Term Length12 MonthsNo Limit
Cheapest Monthly Account Fee£6.50£19
Most Expensive Monthly Account Fee£10£79
Electronic Payment Cost (in/out)35p1% + 20p
Cash Payments Cost (in/out)£1.50€1
Cheques (in/out)50p per cheque£8
CHAPS Payments Cost£17£25
SEPA Payments Cost20p20p

HSBC vs Revolut Business Business Savings Rates

HSBCRevolut Business
Types of Business Savings AccountsBusiness Money Manager, Business Money Market, Clients DepositGrow, Scale, Enterprise
Lowest Savings Rate (AER)0.10%2%
Maximum Savings Rate (AER)2.02%3%
Minimum Savings Amount£1No
Interest Paid On Foreign CurrenciesYesYes
 

HSBC vs Revolut Business Account Opening Times

HSBCRevolut Business
Can You Apply Online?YesYes
How Long Does Opening An
Account Typically Take?
7 to 10 Working days10 minutes
Do They Check Your Credit?YesNo
Current Account Switch ServiceYesYes

HSBC vs Revolut Business Features & Account Types

HSBC Account Types
HSBC Features & Account Types


Revolut Business Account Types
Revolut Business Features & Account Types


HSBCRevolut Business
Business Current AccountYesYes
Business Savings AccountYesYes
Business Credit CardYesNo
Business OverdraftYesNo
Accounts For StartupsYesYes
Accounts For CharitiesYesNo
Accounts For Sole TradersYesYes
Joint Business Accounts AvailableYesYes
Card TypeVisaVisa
Online BankingYesYes
Mobile BankingYesYes
In Person/Branch BankingYesNo
Branch LocationsUK-wideNone, online only

HSBC vs Revolut Business Customer Support Options

HSBCRevolut Business
Phone Support AvailableYesYes
Email Support AvailableYesYes
App Based Support YesYes
Web Based SupportYesYes
In person Customer SupportYesNo

HSBC vs Revolut Business Foreign Currency Accounts

HSBCRevolut Business
US Dollar (USD) Bank AccountsYesYes
Euro (EUR) Bank AccountsYesYes
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)
  • AED (United Arab Emirates Dirham)
  • AUD (Australian Dollar)
  • BGN (Bulgarian Lev)
  • CAD (Canadian Dollar)
  • CHF (Swiss Franc)
  • CNY (Chinese Yuan)
  • DKK (Danish Krone)
  • GBP (British Pound Sterling)
  • HKD (Hong Kong Dollar)
  • HUF (Hungarian Forint)
  • ILS (Israeli New Shekel)
  • JPY (Japanese Yen)
  • MXN (Mexican Peso)
  • NOK (Norwegian Krone)
  • NZD (New Zealand Dollar)
  • PLN (Polish Zloty)
  • RON (Romanian Leu)
  • RUB (Russian Ruble)
  • SAR (Saudi Arabian Riyal)
  • SEK (Swedish Krona)
  • SGD (Singapore Dollar)
  • THB (Thai Baht)
  • TRY (Turkish Lira)

Other Business Services From HSBC and Revolut Business

HSBC Account Types
Other HSBC Services


Revolut Business Account Types
Other Revolut Business Services


HSBCRevolut Business
Business LoansYesNo
Commercial MortgagesYesNo
Invoice FinancingYesNo
International PaymentsYesYes
Merchant Payment ServicesYesYes
Card MachinesYesYes
Free Accounting SoftwareNoNo

HSBC vs Revolut Business Banking Basics

HSBCRevolut Business
Bank TypeHigh StreetChallenger
FSCS ProtectionYes, up to £85,000No
FCA Number765112900562
WebsiteHSBC WebsiteRevolut Business Website

Common Comparison Questions

Does HSBC or Revolut Business 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, Revolut Business scores 4.2 out of 5 based 148,162 Trustpilot reviews. Of which 75% are 5-star and 10% are 1-star.

Does HSBC or Revolut Business 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, Revolut Business’s iPhone App is rated 4.9 out of 5 based on 26,200 reviews. And it’s Android App is rated 4.6 out of 5 based on 20,300 reviews.

Does HSBC or Revolut Business 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, Revolut Business offers Grow, Scale, Enterprise accounts with interest rates ranging from 2% to 3% (AER).

See Other Comparisons:
HSBC vs Danske Bank UK
HSBC vs Ulster Bank
HSBC vs Kent Reliance
HSBC vs Cynergy Bank
HSBC vs Zempler Bank (formerly Cashplus)


For other business bank accounts see our guide here.

 



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