Is Lloyds Bank or Kent Reliance better for your small business?
Below we look at both Lloyds Bank and Kent Reliance 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 Kent Reliance Trustpilot Reviews
| Lloyds Bank | Kent Reliance | |
| Trustpilot Review Score (out of 5) | 1.7 | 4 |
| Percent 5-Star Reviews | 13% | 61% |
| Percent 1- Star Reviews | 79% | 22% |
| Total Number of Reviews | 4,311 | 2,104 |
https://www.trustpilot.com/review/lloydsbank.com
https://www.trustpilot.com/review/www.kentreliance.co.uk
Lloyds Bank vs Kent Reliance App Reviews
| Lloyds Bank | Kent Reliance | |
| 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 Kent Reliance Account Fees & Charges
| Lloyds Bank | Kent Reliance | |
| 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 | Free |
| Electronic Payment Cost (in/out) | Free / 20p | £10 |
| Cash Payments Cost (in/out) | £85p / £1.50 per £100 | £1 |
| Cheques (in/out) | 85p per cheque | £1 |
| CHAPS Payments Cost | £30 | £10 |
| SEPA Payments Cost | £5 | No |
Lloyds Bank vs Kent Reliance Business Savings Rates
| Lloyds Bank | Kent Reliance | |
| Types of Business Savings Accounts | Fixed Term Deposit, Instant access account, Notice accounts | Easy access, Notice Account, Fixed rate, Business savings |
| Lowest Savings Rate (AER) | 1.31% | 0.10% |
| Maximum Savings Rate (AER) | 4.37% | 5.13% |
| Minimum Savings Amount | £1 | £1,000 |
| Interest Paid On Foreign Currencies | Yes | No |
Lloyds Bank vs Kent Reliance Account Opening Times
| Lloyds Bank | Kent Reliance | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 Working days | 10 minutes |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | No |
Lloyds Bank vs Kent Reliance Features & Account Types
| Lloyds Bank | Kent Reliance | |
| Business Current Account | Yes | No |
| 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 | None |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | No |
| In Person/Branch Banking | Yes | Yes |
| Branch Locations | UK-wide | Locations in Kent only |
Lloyds Bank vs Kent Reliance Customer Support Options
| Lloyds Bank | Kent Reliance | |
| 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 | Yes |
Lloyds Bank vs Kent Reliance Foreign Currency Accounts
| Lloyds Bank | Kent Reliance | |
| US Dollar (USD) Bank Accounts | Yes | No |
| Euro (EUR) Bank Accounts | Yes | No |
| Other Currencies Available: |
| No |
Other Business Services From Lloyds Bank and Kent Reliance
| Lloyds Bank | Kent Reliance | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | No |
| International Payments | Yes | No |
| Merchant Payment Services | Yes | No |
| Card Machines | Yes | No |
| Free Accounting Software | Yes | No |
Lloyds Bank vs Kent Reliance Banking Basics
| Lloyds Bank | Kent Reliance | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 119278 | 530504 |
| Website | Lloyds Bank Website | Kent Reliance Website |
Common Comparison Questions
Does Lloyds Bank or Kent Reliance 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, Kent Reliance scores 4 out of 5 based 2,104 Trustpilot reviews. Of which 61% are 5-star and 22% are 1-star.
Does Lloyds Bank or Kent Reliance 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, Kent Reliance’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 Kent Reliance 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, Kent Reliance offers Easy access, Notice Account, Fixed rate, Business savings accounts with interest rates ranging from 0.10% to 5.13% (AER).
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For other business bank accounts see our guide here.