Is Kent Reliance or Cynergy Bank better for your small business?
Below we look at both Kent Reliance and Cynergy 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.
Kent Reliance vs Cynergy Bank Trustpilot Reviews
| Kent Reliance | Cynergy Bank | |
| Trustpilot Review Score (out of 5) | 4 | 4 |
| Percent 5-Star Reviews | 61% | 58% |
| Percent 1- Star Reviews | 22% | 27% |
| Total Number of Reviews | 2,104 | 2,235 |
https://www.trustpilot.com/review/www.kentreliance.co.uk
https://www.trustpilot.com/review/cynergybank.co.uk
Kent Reliance vs Cynergy Bank App Reviews
| Kent Reliance | Cynergy Bank | |
| iPhone Review Score (out of 5) | No Rating | 1.5 |
| Number of iPhone Reviews | No Reviews | 350 |
| Android Review Score (out of 5) | No Rating | 1.7 |
| Number of Android Reviews | No Reviews | 449 |
https://www.apple.com/uk/app-store/
https://apps.apple.com/gb/app/cynergy-bank-authenticator/id1497728953
Kent Reliance vs Cynergy Bank Account Fees & Charges
| Kent Reliance | Cynergy Bank | |
| Free Business Bank Account | No | Yes |
| Free Business Account Term Length | NA | 12 Months |
| Cheapest Monthly Account Fee | Free | £25 |
| Most Expensive Monthly Account Fee | Free | £25 |
| Electronic Payment Cost (in/out) | £10 | 35p |
| Cash Payments Cost (in/out) | £1 | 65p per £100 |
| Cheques (in/out) | £1 | 30p / 78p |
| CHAPS Payments Cost | £10 | £25 |
| SEPA Payments Cost | No | £6 |
Kent Reliance vs Cynergy Bank Business Savings Rates
| Kent Reliance | Cynergy Bank | |
| Types of Business Savings Accounts | Easy access, Notice Account, Fixed rate, Business savings | Business Saver |
| Lowest Savings Rate (AER) | 0.10% | 4.00% |
| Maximum Savings Rate (AER) | 5.13% | 4.00% |
| Minimum Savings Amount | £1,000 | £1 |
| Interest Paid On Foreign Currencies | No | Yes |
Kent Reliance vs Cynergy Bank Account Opening Times
| Kent Reliance | Cynergy Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 10 minutes | 15 minutes |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | No | Yes |
Kent Reliance vs Cynergy Bank Features & Account Types
| Kent Reliance | Cynergy Bank | |
| Business Current Account | No | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | No | Yes |
| Business Overdraft | No | Yes |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | No |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | None | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | No | Yes |
| In Person/Branch Banking | Yes | Yes |
| Branch Locations | Locations in Kent only | London, Redhill, Birmingham, Manchester and Glasgow |
Kent Reliance vs Cynergy Bank Customer Support Options
| Kent Reliance | Cynergy Bank | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | No | Yes |
| Web Based Support | Yes | Yes |
| In person Customer Support | Yes | Yes |
Kent Reliance vs Cynergy Bank Foreign Currency Accounts
| Kent Reliance | Cynergy Bank | |
| US Dollar (USD) Bank Accounts | No | No |
| Euro (EUR) Bank Accounts | No | Yes |
| Other Currencies Available: | No | No |
Other Business Services From Kent Reliance and Cynergy Bank
| Kent Reliance | Cynergy Bank | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | No | Yes |
| International Payments | No | Yes |
| Merchant Payment Services | No | No |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Kent Reliance vs Cynergy Bank Banking Basics
| Kent Reliance | Cynergy Bank | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 530504 | 575105 |
| Website | Kent Reliance Website | Cynergy Bank Website |
Common Comparison Questions
Does Kent Reliance or Cynergy Bank have better customer reviews?
Kent Reliance scores 4 out of 5 based 2,104 Trustpilot reviews. Of these reviews 61% are 5-star and 22% are 1-star.
Whereas, Cynergy Bank scores 4 out of 5 based 2,235 Trustpilot reviews. Of which 58% are 5-star and 27% are 1-star.
Does Kent Reliance or Cynergy Bank have a better App?
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.
In comparison, Cynergy Bank’s iPhone App is rated 1.5 out of 5 based on 350 reviews. And it’s Android App is rated 1.7 out of 5 based on 449 reviews.
Does Kent Reliance or Cynergy Bank have better business savings rates?
Kent Reliance offers the following types of business savings accounts: Easy access, Notice Account, Fixed rate, Business savings with interest rates ranging from 0.10% to 5.13%. (AER)
In contrast, Cynergy Bank offers Business Saver accounts with interest rates ranging from 4.00% to 4.00% (AER).
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For other business bank accounts see our guide here.