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HSBC VS United Trust Bank: Business Banking Review & Fee Comparison


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

Is HSBC or United Trust Bank better for your small business?



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Below we look at both HSBC and United Trust Bank 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


United Trust Bank Homepage
United Trust Bank Homepage
 

HSBC vs United Trust Bank Trustpilot Reviews

HSBCUnited Trust Bank
Trustpilot Review Score (out of 5)1.54.6
Percent 5-Star Reviews7%78%
Percent 1- Star Reviews88%3%
Total Number of Reviews8,3991,372
Sources:
https://www.trustpilot.com/review/www.hsbc.co.uk
https://www.trustpilot.com/review/utbank.co.uk

HSBC vs United Trust Bank App Reviews

HSBCUnited Trust Bank
iPhone Review Score (out of 5)4.85
Number of iPhone Reviews1,400,0005
Android Review Score (out of 5)4.8No Rating
Number of Android Reviews260,000No Reviews
Sources:
https://apps.apple.com/gb/app/hsbc-uk-mobile-banking/id1220329065
https://apps.apple.com/us/app/united-trust-bank/id6444029400

HSBC vs United Trust Bank Account Fees & Charges

HSBCUnited Trust Bank
Free Business Bank AccountYesNo
Free Business Account Term Length12 MonthsNA
Cheapest Monthly Account Fee£6.50£12.50
Most Expensive Monthly Account Fee£10£25
Electronic Payment Cost (in/out)35pFree
Cash Payments Cost (in/out)£1.50Free / £1.50
Cheques (in/out)50p per chequeFree / £2.50
CHAPS Payments Cost£17£25
SEPA Payments Cost20pNo

HSBC vs United Trust Bank Business Savings Rates

HSBCUnited Trust Bank
Types of Business Savings AccountsBusiness Money Manager, Business Money Market, Clients DepositFixed Term Business Bonds, Notice Accounts, Tracker Accounts
Lowest Savings Rate (AER)0.10%3.75%
Maximum Savings Rate (AER)2.02%5.25%
Minimum Savings Amount£1£5,000
Interest Paid On Foreign CurrenciesYesYes
 

HSBC vs United Trust Bank Account Opening Times

HSBCUnited Trust Bank
Can You Apply Online?YesYes
How Long Does Opening An
Account Typically Take?
7 to 10 Working days7 Working days
Do They Check Your Credit?YesYes
Current Account Switch ServiceYesYes

HSBC vs United Trust Bank Features & Account Types

HSBC Account Types
HSBC Features & Account Types


United Trust Bank Account Types
United Trust Bank Features & Account Types


HSBCUnited Trust Bank
Business Current AccountYesYes
Business Savings AccountYesYes
Business Credit CardYesNo
Business OverdraftYesYes
Accounts For StartupsYesYes
Accounts For CharitiesYesYes
Accounts For Sole TradersYesYes
Joint Business Accounts AvailableYesYes
Card TypeVisaVisa
Online BankingYesYes
Mobile BankingYesYes
In Person/Branch BankingYesNo
Branch LocationsUK-wideLondon office only

HSBC vs United Trust Bank Customer Support Options

HSBCUnited Trust Bank
Phone Support AvailableYesYes
Email Support AvailableYesYes
App Based Support YesYes
Web Based SupportYesYes
In person Customer SupportYesNo

HSBC vs United Trust Bank Foreign Currency Accounts

HSBCUnited Trust Bank
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)
  • British Pound (GBP)
  • Swiss Franc (CHF)
  • Australian Dollar (AUD)
  • Canadian Dollar (CAD)
  • New Zealand Dollar (NZD)
  • Japanese Yen (JPY)
  • Swedish Krona (SEK)
  • Danish Krone (DKK)

Other Business Services From HSBC and United Trust Bank

HSBC Account Types
Other HSBC Services


United Trust Bank Account Types
Other United Trust Bank Services


HSBCUnited Trust Bank
Business LoansYesYes
Commercial MortgagesYesYes
Invoice FinancingYesYes
International PaymentsYesYes
Merchant Payment ServicesYesNo
Card MachinesYesNo
Free Accounting SoftwareNoNo

HSBC vs United Trust Bank Banking Basics

HSBCUnited Trust Bank
Bank TypeHigh StreetChallenger
FSCS ProtectionYes, up to £85,000Yes, up to £85,000
FCA Number765112204463
WebsiteHSBC WebsiteUnited Trust Bank Website

Common Comparison Questions

Does HSBC or United Trust Bank 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, United Trust Bank scores 4.6 out of 5 based 1,372 Trustpilot reviews. Of which 78% are 5-star and 3% are 1-star.

Does HSBC or United Trust Bank 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, United Trust Bank’s iPhone App is rated 5 out of 5 based on 5 reviews. And it’s Android App is rated No Rating out of 5 based on No Reviews reviews.

Does HSBC or United Trust Bank 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, United Trust Bank offers Fixed Term Business Bonds, Notice Accounts, Tracker Accounts accounts with interest rates ranging from 3.75% to 5.25% (AER).

See Other Comparisons:
HSBC vs HSBC Kinetic
HSBC vs CardOneMoney
HSBC vs Fair Everywhere
HSBC vs Countingup
HSBC vs State Bank of India (UK)


For other business bank accounts see our guide here.

 



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We do not provide merchant services nor can we recommend which solution is right for you and your business.
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