Is Lloyds Bank or Starling Bank better for your small business?
Below we look at both Lloyds Bank and Starling Bank 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 Starling Bank Trustpilot Reviews
| Lloyds Bank | Starling Bank | |
| Trustpilot Review Score (out of 5) | 1.7 | 4.3 |
| Percent 5-Star Reviews | 13% | 76% |
| Percent 1- Star Reviews | 79% | 11% |
| Total Number of Reviews | 4,311 | 38,869 |
https://www.trustpilot.com/review/lloydsbank.com
https://www.trustpilot.com/review/starlingbank.com
Lloyds Bank vs Starling Bank App Reviews
| Lloyds Bank | Starling Bank | |
| iPhone Review Score (out of 5) | 4.8 | 4.9 |
| Number of iPhone Reviews | 1,900,000 | 477,500 |
| Android Review Score (out of 5) | 4.6 | 4.5 |
| Number of Android Reviews | 317,000 | 114,000 |
https://apps.apple.com/gb/app/lloyds-bank-mobile-banking/id469964520
https://apps.apple.com/gb/app/starling-bank-mobile-banking/id956806430
Lloyds Bank vs Starling Bank Account Fees & Charges
| Lloyds Bank | Starling Bank | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | 12 Months | No Limit |
| Cheapest Monthly Account Fee | £8.50 | No |
| Most Expensive Monthly Account Fee | £8.50 | No |
| Electronic Payment Cost (in/out) | Free / 20p | Free |
| Cash Payments Cost (in/out) | £85p / £1.50 per £100 | 0.70% |
| Cheques (in/out) | 85p per cheque | Free |
| CHAPS Payments Cost | £30 | £20 |
| SEPA Payments Cost | £5 | No |
Lloyds Bank vs Starling Bank Business Savings Rates
| Lloyds Bank | Starling Bank | |
| 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 | No |
| Interest Paid On Foreign Currencies | Yes | Yes |
Lloyds Bank vs Starling Bank Account Opening Times
| Lloyds Bank | Starling Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 Working days | 1 to 5 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Lloyds Bank vs Starling Bank Features & Account Types
| Lloyds Bank | Starling Bank | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | No |
| 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 | None, but can use post office locations for some services |
Lloyds Bank vs Starling Bank Customer Support Options
| Lloyds Bank | Starling Bank | |
| 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 Starling Bank Foreign Currency Accounts
| Lloyds Bank | Starling Bank | |
| 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 Starling Bank
| Lloyds Bank | Starling Bank | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | Yes | Yes |
| Free Accounting Software | Yes | No |
Lloyds Bank vs Starling Bank Banking Basics
| Lloyds Bank | Starling Bank | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 119278 | 730166 |
| Website | Lloyds Bank Website | Starling Bank Website |
Common Comparison Questions
Does Lloyds Bank or Starling Bank 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, Starling Bank scores 4.3 out of 5 based 38,869 Trustpilot reviews. Of which 76% are 5-star and 11% are 1-star.
Does Lloyds Bank or Starling Bank 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, Starling Bank’s iPhone App is rated 4.9 out of 5 based on 477,500 reviews. And it’s Android App is rated 4.5 out of 5 based on 114,000 reviews.
Does Lloyds Bank or Starling Bank 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, Starling Bank 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.