Is Lloyds Bank or Zempler Bank (formerly Cashplus) better for your small business?
Below we look at both Lloyds Bank and Zempler Bank (formerly Cashplus) 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.
Lloyds Bank vs Zempler Bank (formerly Cashplus) Trustpilot Reviews
| Lloyds Bank | Zempler Bank (formerly Cashplus) | |
| Trustpilot Review Score (out of 5) | 1.7 | 3.7 |
| Percent 5-Star Reviews | 13% | 54% |
| Percent 1- Star Reviews | 79% | 30% |
| Total Number of Reviews | 4,311 | 9,921 |
https://www.trustpilot.com/review/lloydsbank.com
https://www.trustpilot.com/review/www.cashplus.com
Lloyds Bank vs Zempler Bank (formerly Cashplus) App Reviews
| Lloyds Bank | Zempler Bank (formerly Cashplus) | |
| iPhone Review Score (out of 5) | 4.8 | 4.7 |
| Number of iPhone Reviews | 1,900,000 | 48,000 |
| Android Review Score (out of 5) | 4.6 | 4.5 |
| Number of Android Reviews | 317,000 | 23,400 |
https://apps.apple.com/gb/app/lloyds-bank-mobile-banking/id469964520
https://apps.apple.com/gb/app/cashplus-bank/id709473017
Lloyds Bank vs Zempler Bank (formerly Cashplus) Account Fees & Charges
| Lloyds Bank | Zempler Bank (formerly Cashplus) | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | 12 Months | No Limit |
| Cheapest Monthly Account Fee | £8.50 | No |
| Most Expensive Monthly Account Fee | £8.50 | £9 |
| Electronic Payment Cost (in/out) | Free / 20p | Free / 30p |
| Cash Payments Cost (in/out) | £85p / £1.50 per £100 | 0.5% / £2 |
| Cheques (in/out) | 85p per cheque | Unknown |
| CHAPS Payments Cost | £30 | £20 |
| SEPA Payments Cost | £5 | £15 |
Lloyds Bank vs Zempler Bank (formerly Cashplus) Business Savings Rates
| Lloyds Bank | Zempler Bank (formerly Cashplus) | |
| Types of Business Savings Accounts | Fixed Term Deposit, Instant access account, Notice accounts | None |
| Lowest Savings Rate (AER) | 1.31% | NA |
| Maximum Savings Rate (AER) | 4.37% | NA |
| Minimum Savings Amount | £1 | NA |
| Interest Paid On Foreign Currencies | Yes | No |
Lloyds Bank vs Zempler Bank (formerly Cashplus) Account Opening Times
| Lloyds Bank | Zempler Bank (formerly Cashplus) | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 Working days | 1 day |
| Do They Check Your Credit? | Yes | No |
| Current Account Switch Service | Yes | No |
Lloyds Bank vs Zempler Bank (formerly Cashplus) Features & Account Types
| Lloyds Bank | Zempler Bank (formerly Cashplus) | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | No |
| Business Credit Card | Yes | Yes |
| Business Overdraft | Yes | Yes |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | Yes |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Visa | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | No |
| Branch Locations | UK-wide | None, online only |
Lloyds Bank vs Zempler Bank (formerly Cashplus) Customer Support Options
| Lloyds Bank | Zempler Bank (formerly Cashplus) | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | Yes |
| Web Based Support | Yes | Yes |
| In person Customer Support | Yes | No |
Lloyds Bank vs Zempler Bank (formerly Cashplus) Foreign Currency Accounts
| Lloyds Bank | Zempler Bank (formerly Cashplus) | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
| No |
Other Business Services From Lloyds Bank and Zempler Bank (formerly Cashplus)
| Lloyds Bank | Zempler Bank (formerly Cashplus) | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | Yes | No |
| Free Accounting Software | Yes | No |
Lloyds Bank vs Zempler Bank (formerly Cashplus) Banking Basics
| Lloyds Bank | Zempler Bank (formerly Cashplus) | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 119278 | 671140 |
| Website | Lloyds Bank Website | Zempler Bank (formerly Cashplus) Website |
Common Comparison Questions
Does Lloyds Bank or Zempler Bank (formerly Cashplus) have better customer reviews?
Lloyds Bank scores 1.7 out of 5 based 4,311 Trustpilot reviews. Of these reviews 13% are 5-star and 79% are 1-star.
Whereas, Zempler Bank (formerly Cashplus) scores 3.7 out of 5 based 9,921 Trustpilot reviews. Of which 54% are 5-star and 30% are 1-star.
Does Lloyds Bank or Zempler Bank (formerly Cashplus) have a better App?
Lloyds Bank’s iPhone App is rated 4.8 out of 5 based on 1,900,000 reviews. And it’s Android App is rated 4.6 out of 5 based on 317,000 reviews.
In comparison, Zempler Bank (formerly Cashplus)’s iPhone App is rated 4.7 out of 5 based on 48,000 reviews. And it’s Android App is rated 4.5 out of 5 based on 23,400 reviews.
Does Lloyds Bank or Zempler Bank (formerly Cashplus) have better business savings rates?
Lloyds Bank offers the following types of business savings accounts: Fixed Term Deposit, Instant access account, Notice accounts with interest rates ranging from 1.31% to 4.37%. (AER)
In contrast, Zempler Bank (formerly Cashplus) 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.