Is Kent Reliance or Monese better for your small business?
Below we look at both Kent Reliance and Monese 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 Monese Trustpilot Reviews
| Kent Reliance | Monese | |
| Trustpilot Review Score (out of 5) | 4 | 4.3 |
| Percent 5-Star Reviews | 61% | 68% |
| Percent 1- Star Reviews | 22% | 17% |
| Total Number of Reviews | 2,104 | 40,330 |
https://www.trustpilot.com/review/www.kentreliance.co.uk
https://www.trustpilot.com/review/www.monese.com
Kent Reliance vs Monese App Reviews
| Kent Reliance | Monese | |
| iPhone Review Score (out of 5) | No Rating | 4.8 |
| Number of iPhone Reviews | No Reviews | 68,100 |
| Android Review Score (out of 5) | No Rating | 4.5 |
| Number of Android Reviews | No Reviews | 101,000 |
https://www.apple.com/uk/app-store/
https://apps.apple.com/gb/app/monese-a-banking-alternative/id1102793407
Kent Reliance vs Monese Account Fees & Charges
| Kent Reliance | Monese | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | Free | £5.95 |
| Most Expensive Monthly Account Fee | Free | £14.95 |
| Electronic Payment Cost (in/out) | £10 | Free |
| Cash Payments Cost (in/out) | £1 | 3.5% / 2% |
| Cheques (in/out) | £1 | Free |
| CHAPS Payments Cost | £10 | No |
| SEPA Payments Cost | No | No |
Kent Reliance vs Monese Business Savings Rates
| Kent Reliance | Monese | |
| Types of Business Savings Accounts | Easy access, Notice Account, Fixed rate, Business savings | None |
| Lowest Savings Rate (AER) | 0.10% | NA |
| Maximum Savings Rate (AER) | 5.13% | NA |
| Minimum Savings Amount | £1,000 | NA |
| Interest Paid On Foreign Currencies | No | Yes |
Kent Reliance vs Monese Account Opening Times
| Kent Reliance | Monese | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 10 minutes | 1 day |
| Do They Check Your Credit? | Yes | No |
| Current Account Switch Service | No | Yes |
Kent Reliance vs Monese Features & Account Types
| Kent Reliance | Monese | |
| Business Current Account | No | Yes |
| Business Savings Account | Yes | No |
| Business Credit Card | No | No |
| Business Overdraft | No | No |
| 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 | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | No | Yes |
| In Person/Branch Banking | Yes | No |
| Branch Locations | Locations in Kent only | None, online only |
Kent Reliance vs Monese Customer Support Options
| Kent Reliance | Monese | |
| 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 | No |
Kent Reliance vs Monese Foreign Currency Accounts
| Kent Reliance | Monese | |
| US Dollar (USD) Bank Accounts | No | Yes |
| Euro (EUR) Bank Accounts | No | Yes |
| Other Currencies Available: | No |
|
Other Business Services From Kent Reliance and Monese
| Kent Reliance | Monese | |
| Business Loans | Yes | No |
| Commercial Mortgages | Yes | No |
| Invoice Financing | No | No |
| International Payments | No | Yes |
| Merchant Payment Services | No | No |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Kent Reliance vs Monese Banking Basics
| Kent Reliance | Monese | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | Yes, up to £85,000 | No |
| FCA Number | 530504 | 900960 |
| Website | Kent Reliance Website | Monese Website |
Common Comparison Questions
Does Kent Reliance or Monese 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, Monese scores 4.3 out of 5 based 40,330 Trustpilot reviews. Of which 68% are 5-star and 17% are 1-star.
Does Kent Reliance or Monese 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, Monese’s iPhone App is rated 4.8 out of 5 based on 68,100 reviews. And it’s Android App is rated 4.5 out of 5 based on 101,000 reviews.
Does Kent Reliance or Monese 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, Monese offers None accounts with interest rates ranging from NA to NA (AER).
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For other business bank accounts see our guide here.