Is Lloyds Bank or Danske Bank UK better for your small business?
Below we look at both Lloyds Bank and Danske Bank UK 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 Danske Bank UK Trustpilot Reviews
| Lloyds Bank | Danske Bank UK | |
| Trustpilot Review Score (out of 5) | 1.7 | 2 |
| Percent 5-Star Reviews | 13% | 12% |
| Percent 1- Star Reviews | 79% | 71% |
| Total Number of Reviews | 4,311 | 24 |
https://www.trustpilot.com/review/lloydsbank.com
https://www.trustpilot.com/review/danskebank.co.uk
Lloyds Bank vs Danske Bank UK App Reviews
| Lloyds Bank | Danske Bank UK | |
| iPhone Review Score (out of 5) | 4.8 | 4.4 |
| Number of iPhone Reviews | 1,900,000 | 2,900 |
| Android Review Score (out of 5) | 4.6 | 4.4 |
| Number of Android Reviews | 317,000 | 2,890 |
https://apps.apple.com/gb/app/lloyds-bank-mobile-banking/id469964520
https://apps.apple.com/gb/app/mobile-bank-uk-danske-bank/id1365361930
Lloyds Bank vs Danske Bank UK Account Fees & Charges
| Lloyds Bank | Danske Bank UK | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | 12 Months | 24 Months |
| Cheapest Monthly Account Fee | £8.50 | £7 |
| Most Expensive Monthly Account Fee | £8.50 | £48 |
| Electronic Payment Cost (in/out) | Free / 20p | 45p |
| Cash Payments Cost (in/out) | £85p / £1.50 per £100 | 90p / £1.40 per £100 |
| Cheques (in/out) | 85p per cheque | 80p / 90p per item |
| CHAPS Payments Cost | £30 | £20 |
| SEPA Payments Cost | £5 | No |
Lloyds Bank vs Danske Bank UK Business Savings Rates
| Lloyds Bank | Danske Bank UK | |
| Types of Business Savings Accounts | Fixed Term Deposit, Instant access account, Notice accounts | Business Investment Account, Fixed Term Deposit |
| Lowest Savings Rate (AER) | 1.31% | 1.65% |
| Maximum Savings Rate (AER) | 4.37% | 4.60% |
| Minimum Savings Amount | £1 | £1 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Lloyds Bank vs Danske Bank UK Account Opening Times
| Lloyds Bank | Danske Bank UK | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 Working days | 10 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Lloyds Bank vs Danske Bank UK Features & Account Types
| Lloyds Bank | Danske Bank UK | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| 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 | Yes |
| Branch Locations | UK-wide | Nothern Ireland oly |
Lloyds Bank vs Danske Bank UK Customer Support Options
| Lloyds Bank | Danske Bank UK | |
| 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 | Yes |
Lloyds Bank vs Danske Bank UK Foreign Currency Accounts
| Lloyds Bank | Danske Bank UK | |
| 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 Danske Bank UK
| Lloyds Bank | Danske Bank UK | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| 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 Danske Bank UK Banking Basics
| Lloyds Bank | Danske Bank UK | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 119278 | 122261 |
| Website | Lloyds Bank Website | Danske Bank UK Website |
Common Comparison Questions
Does Lloyds Bank or Danske Bank UK 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, Danske Bank UK scores 2 out of 5 based 24 Trustpilot reviews. Of which 12% are 5-star and 71% are 1-star.
Does Lloyds Bank or Danske Bank UK 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, Danske Bank UK’s iPhone App is rated 4.4 out of 5 based on 2,900 reviews. And it’s Android App is rated 4.4 out of 5 based on 2,890 reviews.
Does Lloyds Bank or Danske Bank UK 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, Danske Bank UK offers Business Investment Account, Fixed Term Deposit accounts with interest rates ranging from 1.65% to 4.60% (AER).
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For other business bank accounts see our guide here.