Is Lloyds Bank or HSBC Kinetic better for your small business?
Below we look at both Lloyds Bank and HSBC Kinetic 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 HSBC Kinetic Trustpilot Reviews
| Lloyds Bank | HSBC Kinetic | |
| Trustpilot Review Score (out of 5) | 1.7 | 1.9 |
| Percent 5-Star Reviews | 13% | 0% |
| Percent 1- Star Reviews | 79% | 100% |
| Total Number of Reviews | 4,311 | 13 |
https://www.trustpilot.com/review/lloydsbank.com
https://www.trustpilot.com/review/hsbckinetic.co.uk
Lloyds Bank vs HSBC Kinetic App Reviews
| Lloyds Bank | HSBC Kinetic | |
| iPhone Review Score (out of 5) | 4.8 | 4.8 |
| Number of iPhone Reviews | 1,900,000 | 15,000 |
| Android Review Score (out of 5) | 4.6 | 4.7 |
| Number of Android Reviews | 317,000 | 4,000 |
https://apps.apple.com/gb/app/lloyds-bank-mobile-banking/id469964520
https://apps.apple.com/gb/app/hsbc-kinetic/id1457310350
Lloyds Bank vs HSBC Kinetic Account Fees & Charges
| Lloyds Bank | HSBC Kinetic | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | 12 Months | 12 Months |
| Cheapest Monthly Account Fee | £8.50 | £6.50 |
| Most Expensive Monthly Account Fee | £8.50 | £6.50 |
| Electronic Payment Cost (in/out) | Free / 20p | Free |
| Cash Payments Cost (in/out) | £85p / £1.50 per £100 | 1.10% |
| Cheques (in/out) | 85p per cheque | 50p per cheque |
| CHAPS Payments Cost | £30 | £17 |
| SEPA Payments Cost | £5 | 24p |
Lloyds Bank vs HSBC Kinetic Business Savings Rates
| Lloyds Bank | HSBC Kinetic | |
| Types of Business Savings Accounts | Fixed Term Deposit, Instant access account, Notice accounts | Instant access, 30+ day, 60+ day |
| Lowest Savings Rate (AER) | 1.31% | 1.94% |
| Maximum Savings Rate (AER) | 4.37% | 2.02% |
| Minimum Savings Amount | £1 | No |
| Interest Paid On Foreign Currencies | Yes | Yes |
Lloyds Bank vs HSBC Kinetic Account Opening Times
| Lloyds Bank | HSBC Kinetic | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 Working days | 48 hours |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Lloyds Bank vs HSBC Kinetic Features & Account Types
| Lloyds Bank | HSBC Kinetic | |
| 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 | No |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | No |
| Card Type | Visa | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | No |
| Branch Locations | UK-wide | Can use HSBC branches for some services |
Lloyds Bank vs HSBC Kinetic Customer Support Options
| Lloyds Bank | HSBC Kinetic | |
| 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 HSBC Kinetic Foreign Currency Accounts
| Lloyds Bank | HSBC Kinetic | |
| 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 HSBC Kinetic
| Lloyds Bank | HSBC Kinetic | |
| Business Loans | Yes | Yes |
| 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 HSBC Kinetic Banking Basics
| Lloyds Bank | HSBC Kinetic | |
| Bank Type | High Street | High Street/Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 119278 | 765112 |
| Website | Lloyds Bank Website | HSBC Kinetic Website |
Common Comparison Questions
Does Lloyds Bank or HSBC Kinetic 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, HSBC Kinetic scores 1.9 out of 5 based 13 Trustpilot reviews. Of which 0% are 5-star and 100% are 1-star.
Does Lloyds Bank or HSBC Kinetic 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, HSBC Kinetic’s iPhone App is rated 4.8 out of 5 based on 15,000 reviews. And it’s Android App is rated 4.7 out of 5 based on 4,000 reviews.
Does Lloyds Bank or HSBC Kinetic 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, HSBC Kinetic offers Instant access, 30+ day, 60+ day accounts with interest rates ranging from 1.94% to 2.02% (AER).
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For other business bank accounts see our guide here.