Is Kent Reliance or Reliance Bank better for your small business?
Below we look at both Kent Reliance and Reliance 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 Reliance Bank Trustpilot Reviews
| Kent Reliance | Reliance Bank | |
| Trustpilot Review Score (out of 5) | 4 | 3.4 |
| Percent 5-Star Reviews | 61% | 25% |
| Percent 1- Star Reviews | 22% | 25% |
| Total Number of Reviews | 2,104 | 4 |
https://www.trustpilot.com/review/www.kentreliance.co.uk
https://www.trustpilot.com/review/www.reliancebankltd.com
Kent Reliance vs Reliance Bank App Reviews
| Kent Reliance | Reliance Bank | |
| iPhone Review Score (out of 5) | No Rating | 4.7 |
| Number of iPhone Reviews | No Reviews | 451 |
| Android Review Score (out of 5) | No Rating | 4 |
| Number of Android Reviews | No Reviews | 144 |
https://www.apple.com/uk/app-store/
https://apps.apple.com/us/app/reliance-bank-mobile-banking/id1050676219
Kent Reliance vs Reliance Bank Account Fees & Charges
| Kent Reliance | Reliance Bank | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | Free | £7.50 |
| Most Expensive Monthly Account Fee | Free | £7.50 |
| Electronic Payment Cost (in/out) | £10 | 25p |
| Cash Payments Cost (in/out) | £1 | 30p / 25p per £100 |
| Cheques (in/out) | £1 | 30p / 25p |
| CHAPS Payments Cost | £10 | £15 |
| SEPA Payments Cost | No | 25p |
Kent Reliance vs Reliance Bank Business Savings Rates
| Kent Reliance | Reliance Bank | |
| Types of Business Savings Accounts | Easy access, Notice Account, Fixed rate, Business savings | Instant Access, Fixed Term, Notice Savings |
| Lowest Savings Rate (AER) | 0.10% | 2.15% |
| Maximum Savings Rate (AER) | 5.13% | 4.40% |
| Minimum Savings Amount | £1,000 | £1,000 |
| Interest Paid On Foreign Currencies | No | Yes |
Kent Reliance vs Reliance Bank Account Opening Times
| Kent Reliance | Reliance Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 10 minutes | 7 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | No | Yes |
Kent Reliance vs Reliance Bank Features & Account Types
| Kent Reliance | Reliance Bank | |
| Business Current Account | No | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | No | No |
| Business Overdraft | No | Yes |
| Accounts For Startups | Yes | No |
| Accounts For Charities | Yes | Yes |
| 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 | Yes |
| Branch Locations | Locations in Kent only | London |
Kent Reliance vs Reliance Bank Customer Support Options
| Kent Reliance | Reliance 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 Reliance Bank Foreign Currency Accounts
| Kent Reliance | Reliance Bank | |
| US Dollar (USD) Bank Accounts | No | Yes |
| Euro (EUR) Bank Accounts | No | Yes |
| Other Currencies Available: | No |
|
Other Business Services From Kent Reliance and Reliance Bank
| Kent Reliance | Reliance Bank | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | No | No |
| International Payments | No | Yes |
| Merchant Payment Services | No | Yes |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Kent Reliance vs Reliance Bank Banking Basics
| Kent Reliance | Reliance Bank | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 530504 | 204537 |
| Website | Kent Reliance Website | Reliance Bank Website |
Common Comparison Questions
Does Kent Reliance or Reliance 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, Reliance Bank scores 3.4 out of 5 based 4 Trustpilot reviews. Of which 25% are 5-star and 25% are 1-star.
Does Kent Reliance or Reliance 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, Reliance Bank’s iPhone App is rated 4.7 out of 5 based on 451 reviews. And it’s Android App is rated 4 out of 5 based on 144 reviews.
Does Kent Reliance or Reliance 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, Reliance Bank offers Instant Access, Fixed Term, Notice Savings accounts with interest rates ranging from 2.15% to 4.40% (AER).
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For other business bank accounts see our guide here.