Is Lloyds Bank or Cater Allen better for your small business?
Below we look at both Lloyds Bank and Cater Allen 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 Cater Allen Trustpilot Reviews
| Lloyds Bank | Cater Allen | |
| Trustpilot Review Score (out of 5) | 1.7 | 1.9 |
| Percent 5-Star Reviews | 13% | 7% |
| Percent 1- Star Reviews | 79% | 80% |
| Total Number of Reviews | 4,311 | 136 |
https://www.trustpilot.com/review/lloydsbank.com
https://www.trustpilot.com/review/www.caterallen.co.uk
Lloyds Bank vs Cater Allen App Reviews
| Lloyds Bank | Cater Allen | |
| iPhone Review Score (out of 5) | 4.8 | No Rating |
| Number of iPhone Reviews | 1,900,000 | No Reviews |
| Android Review Score (out of 5) | 4.6 | No Rating |
| Number of Android Reviews | 317,000 | No Reviews |
https://apps.apple.com/gb/app/lloyds-bank-mobile-banking/id469964520
https://www.apple.com/uk/app-store/
Lloyds Bank vs Cater Allen Account Fees & Charges
| Lloyds Bank | Cater Allen | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 12 Months | NA |
| Cheapest Monthly Account Fee | £8.50 | Free |
| Most Expensive Monthly Account Fee | £8.50 | £25 |
| Electronic Payment Cost (in/out) | Free / 20p | £2 |
| Cash Payments Cost (in/out) | £85p / £1.50 per £100 | Free |
| Cheques (in/out) | 85p per cheque | £6 |
| CHAPS Payments Cost | £30 | £25 |
| SEPA Payments Cost | £5 | £2 |
Lloyds Bank vs Cater Allen Business Savings Rates
| Lloyds Bank | Cater Allen | |
| Types of Business Savings Accounts | Fixed Term Deposit, Instant access account, Notice accounts | Fixed Term, Notice Account |
| Lowest Savings Rate (AER) | 1.31% | 3.00% |
| Maximum Savings Rate (AER) | 4.37% | 4.70% |
| Minimum Savings Amount | £1 | No |
| Interest Paid On Foreign Currencies | Yes | Yes |
Lloyds Bank vs Cater Allen Account Opening Times
| Lloyds Bank | Cater Allen | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 Working days | 7 days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | No |
Lloyds Bank vs Cater Allen Features & Account Types
| Lloyds Bank | Cater Allen | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | No |
| 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 and phone only |
Lloyds Bank vs Cater Allen Customer Support Options
| Lloyds Bank | Cater Allen | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | No |
| Web Based Support | Yes | Yes |
| In person Customer Support | Yes | No |
Lloyds Bank vs Cater Allen Foreign Currency Accounts
| Lloyds Bank | Cater Allen | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
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Other Business Services From Lloyds Bank and Cater Allen
| Lloyds Bank | Cater Allen | |
| Business Loans | Yes | No |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | No |
| Card Machines | Yes | No |
| Free Accounting Software | Yes | No |
Lloyds Bank vs Cater Allen Banking Basics
| Lloyds Bank | Cater Allen | |
| Bank Type | High Street | High Street |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 119278 | 178737 |
| Website | Lloyds Bank Website | Cater Allen Website |
Common Comparison Questions
Does Lloyds Bank or Cater Allen 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, Cater Allen scores 1.9 out of 5 based 136 Trustpilot reviews. Of which 7% are 5-star and 80% are 1-star.
Does Lloyds Bank or Cater Allen 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, Cater Allen’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.
Does Lloyds Bank or Cater Allen 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, Cater Allen offers Fixed Term, Notice Account accounts with interest rates ranging from 3.00% to 4.70% (AER).
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For other business bank accounts see our guide here.