Is Lloyds Bank or Handelsbanken better for your small business?
Below we look at both Lloyds Bank and Handelsbanken 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 Handelsbanken Trustpilot Reviews
| Lloyds Bank | Handelsbanken | |
| Trustpilot Review Score (out of 5) | 1.7 | 2.3 |
| Percent 5-Star Reviews | 13% | 33% |
| Percent 1- Star Reviews | 79% | 55% |
| Total Number of Reviews | 4,311 | 124 |
https://www.trustpilot.com/review/lloydsbank.com
https://www.trustpilot.com/review/handelsbanken.co.uk
Lloyds Bank vs Handelsbanken App Reviews
| Lloyds Bank | Handelsbanken | |
| iPhone Review Score (out of 5) | 4.8 | 2.6 |
| Number of iPhone Reviews | 1,900,000 | 17 |
| Android Review Score (out of 5) | 4.6 | 1.6 |
| Number of Android Reviews | 317,000 | 6 |
https://apps.apple.com/gb/app/lloyds-bank-mobile-banking/id469964520
https://apps.apple.com/gb/app/handelsbanken-uk-corporate/id1122527533
Lloyds Bank vs Handelsbanken Account Fees & Charges
| Lloyds Bank | Handelsbanken | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 12 Months | NA |
| Cheapest Monthly Account Fee | £8.50 | £5 |
| Most Expensive Monthly Account Fee | £8.50 | £20 |
| Electronic Payment Cost (in/out) | Free / 20p | Free |
| Cash Payments Cost (in/out) | £85p / £1.50 per £100 | 30p |
| Cheques (in/out) | 85p per cheque | £1.50 |
| CHAPS Payments Cost | £30 | £15 |
| SEPA Payments Cost | £5 | 25p |
Lloyds Bank vs Handelsbanken Business Savings Rates
| Lloyds Bank | Handelsbanken | |
| Types of Business Savings Accounts | Fixed Term Deposit, Instant access account, Notice accounts | Instant Access, Fixed Term, Notice Savings |
| Lowest Savings Rate (AER) | 1.31% | No |
| Maximum Savings Rate (AER) | 4.37% | No |
| Minimum Savings Amount | £1 | £5,000 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Lloyds Bank vs Handelsbanken Account Opening Times
| Lloyds Bank | Handelsbanken | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 Working days | 7 Working days |
| Do They Check Your Credit? | Yes | No |
| Current Account Switch Service | Yes | Yes |
Lloyds Bank vs Handelsbanken Features & Account Types
| Lloyds Bank | Handelsbanken | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | Yes |
| Business Overdraft | Yes | Yes |
| Accounts For Startups | Yes | No |
| Accounts For Charities | Yes | No |
| 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 | UK-wide |
Lloyds Bank vs Handelsbanken Customer Support Options
| Lloyds Bank | Handelsbanken | |
| 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 Handelsbanken Foreign Currency Accounts
| Lloyds Bank | Handelsbanken | |
| 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 Handelsbanken
| Lloyds Bank | Handelsbanken | |
| Business Loans | Yes | Yes |
| 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 Handelsbanken Banking Basics
| Lloyds Bank | Handelsbanken | |
| Bank Type | High Street | High Street |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 119278 | 197340 |
| Website | Lloyds Bank Website | Handelsbanken Website |
Common Comparison Questions
Does Lloyds Bank or Handelsbanken 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, Handelsbanken scores 2.3 out of 5 based 124 Trustpilot reviews. Of which 33% are 5-star and 55% are 1-star.
Does Lloyds Bank or Handelsbanken 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, Handelsbanken’s iPhone App is rated 2.6 out of 5 based on 17 reviews. And it’s Android App is rated 1.6 out of 5 based on 6 reviews.
Does Lloyds Bank or Handelsbanken 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, Handelsbanken offers Instant Access, Fixed Term, Notice Savings accounts with interest rates ranging from No to No (AER).
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For other business bank accounts see our guide here.