Is Lloyds Bank or Fair Everywhere better for your small business?
Below we look at both Lloyds Bank and Fair Everywhere 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 Fair Everywhere Trustpilot Reviews
| Lloyds Bank | Fair Everywhere | |
| Trustpilot Review Score (out of 5) | 1.7 | 3.1 |
| Percent 5-Star Reviews | 13% | 27% |
| Percent 1- Star Reviews | 79% | 64% |
| Total Number of Reviews | 4,311 | 11 |
https://www.trustpilot.com/review/lloydsbank.com
https://www.trustpilot.com/review/faireverywhere.com
Lloyds Bank vs Fair Everywhere App Reviews
| Lloyds Bank | Fair Everywhere | |
| iPhone Review Score (out of 5) | 4.8 | 2.2 |
| Number of iPhone Reviews | 1,900,000 | 5 |
| Android Review Score (out of 5) | 4.6 | 3.9 |
| Number of Android Reviews | 317,000 | 7 |
https://apps.apple.com/gb/app/lloyds-bank-mobile-banking/id469964520
https://apps.apple.com/gb/app/fair-everywhere/id1331905256
Lloyds Bank vs Fair Everywhere Account Fees & Charges
| Lloyds Bank | Fair Everywhere | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 12 Months | NA |
| Cheapest Monthly Account Fee | £8.50 | £12.50 |
| Most Expensive Monthly Account Fee | £8.50 | £12.50 |
| Electronic Payment Cost (in/out) | Free / 20p | 30p |
| Cash Payments Cost (in/out) | £85p / £1.50 per £100 | £1.50 / £3 + 2.75% |
| Cheques (in/out) | 85p per cheque | 50p per cheque |
| CHAPS Payments Cost | £30 | £30 |
| SEPA Payments Cost | £5 | No |
Lloyds Bank vs Fair Everywhere Business Savings Rates
| Lloyds Bank | Fair Everywhere | |
| 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 | Yes |
Lloyds Bank vs Fair Everywhere Account Opening Times
| Lloyds Bank | Fair Everywhere | |
| 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 | Yes |
Lloyds Bank vs Fair Everywhere Features & Account Types
| Lloyds Bank | Fair Everywhere | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | No |
| Business Credit Card | Yes | Yes |
| Business Overdraft | Yes | No |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | No |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | No |
| 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 Fair Everywhere Customer Support Options
| Lloyds Bank | Fair Everywhere | |
| 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 Fair Everywhere Foreign Currency Accounts
| Lloyds Bank | Fair Everywhere | |
| 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 Fair Everywhere
| Lloyds Bank | Fair Everywhere | |
| Business Loans | Yes | No |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | Yes | No |
| Free Accounting Software | Yes | No |
Lloyds Bank vs Fair Everywhere Banking Basics
| Lloyds Bank | Fair Everywhere | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | No |
| FCA Number | 119278 | 504547 |
| Website | Lloyds Bank Website | Fair Everywhere Website |
Common Comparison Questions
Does Lloyds Bank or Fair Everywhere 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, Fair Everywhere scores 3.1 out of 5 based 11 Trustpilot reviews. Of which 27% are 5-star and 64% are 1-star.
Does Lloyds Bank or Fair Everywhere 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, Fair Everywhere’s iPhone App is rated 2.2 out of 5 based on 5 reviews. And it’s Android App is rated 3.9 out of 5 based on 7 reviews.
Does Lloyds Bank or Fair Everywhere 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, Fair Everywhere 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.