Is Lloyds Bank or Triodos Bank better for your small business?
Below we look at both Lloyds Bank and Triodos 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 Triodos Bank Trustpilot Reviews
| Lloyds Bank | Triodos Bank | |
| Trustpilot Review Score (out of 5) | 1.7 | 4.1 |
| Percent 5-Star Reviews | 13% | 58% |
| Percent 1- Star Reviews | 79% | 22% |
| Total Number of Reviews | 4,311 | 514 |
https://www.trustpilot.com/review/lloydsbank.com
https://www.trustpilot.com/review/triodos.co.uk
Lloyds Bank vs Triodos Bank App Reviews
| Lloyds Bank | Triodos Bank | |
| iPhone Review Score (out of 5) | 4.8 | 4.6 |
| Number of iPhone Reviews | 1,900,000 | 1,700 |
| Android Review Score (out of 5) | 4.6 | 4.6 |
| Number of Android Reviews | 317,000 | 851 |
https://apps.apple.com/gb/app/lloyds-bank-mobile-banking/id469964520
https://apps.apple.com/gb/app/triodos-bank-uk/id1238649529
Lloyds Bank vs Triodos Bank Account Fees & Charges
| Lloyds Bank | Triodos Bank | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 12 Months | NA |
| Cheapest Monthly Account Fee | £8.50 | £3 |
| Most Expensive Monthly Account Fee | £8.50 | £3 |
| Electronic Payment Cost (in/out) | Free / 20p | No |
| Cash Payments Cost (in/out) | £85p / £1.50 per £100 | Free / £1 |
| Cheques (in/out) | 85p per cheque | £1 |
| CHAPS Payments Cost | £30 | £20 |
| SEPA Payments Cost | £5 | No |
Lloyds Bank vs Triodos Bank Business Savings Rates
| Lloyds Bank | Triodos 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 | NA |
| Interest Paid On Foreign Currencies | Yes | Yes |
Lloyds Bank vs Triodos Bank Account Opening Times
| Lloyds Bank | Triodos Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 Working days | 1 to 2 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Lloyds Bank vs Triodos Bank Features & Account Types
| Lloyds Bank | Triodos Bank | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | No |
| 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 | No |
| Branch Locations | UK-wide | Bristol, London and Edinburgh |
Lloyds Bank vs Triodos Bank Customer Support Options
| Lloyds Bank | Triodos 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 | No |
Lloyds Bank vs Triodos Bank Foreign Currency Accounts
| Lloyds Bank | Triodos Bank | |
| US Dollar (USD) Bank Accounts | Yes | No |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
|
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Other Business Services From Lloyds Bank and Triodos Bank
| Lloyds Bank | Triodos Bank | |
| 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 Triodos Bank Banking Basics
| Lloyds Bank | Triodos Bank | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 119278 | 817008 |
| Website | Lloyds Bank Website | Triodos Bank Website |
Common Comparison Questions
Does Lloyds Bank or Triodos 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, Triodos Bank scores 4.1 out of 5 based 514 Trustpilot reviews. Of which 58% are 5-star and 22% are 1-star.
Does Lloyds Bank or Triodos 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, Triodos Bank’s iPhone App is rated 4.6 out of 5 based on 1,700 reviews. And it’s Android App is rated 4.6 out of 5 based on 851 reviews.
Does Lloyds Bank or Triodos 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, Triodos 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.