Is Monese or Cambridge Building Society better for your small business?
Below we look at both Monese and Cambridge Building Society 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.
Monese vs Cambridge Building Society Trustpilot Reviews
| Monese | Cambridge Building Society | |
| Trustpilot Review Score (out of 5) | 4.3 | 3.1 |
| Percent 5-Star Reviews | 68% | 53% |
| Percent 1- Star Reviews | 17% | 47% |
| Total Number of Reviews | 40,330 | 15 |
https://www.trustpilot.com/review/www.monese.com
https://www.trustpilot.com/review/www.cambridgebs.co.uk
Monese vs Cambridge Building Society App Reviews
| Monese | Cambridge Building Society | |
| iPhone Review Score (out of 5) | 4.8 | 4 |
| Number of iPhone Reviews | 68,100 | 35 |
| Android Review Score (out of 5) | 4.5 | 2.6 |
| Number of Android Reviews | 101,000 | 29 |
https://apps.apple.com/gb/app/monese-a-banking-alternative/id1102793407
https://apps.apple.com/gb/app/cambridge-building-society/id1228676229
Monese vs Cambridge Building Society Account Fees & Charges
| Monese | Cambridge Building Society | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | £5.95 | £10 |
| Most Expensive Monthly Account Fee | £14.95 | £20 |
| Electronic Payment Cost (in/out) | Free | Free |
| Cash Payments Cost (in/out) | 3.5% / 2% | £1.50 |
| Cheques (in/out) | Free | Free |
| CHAPS Payments Cost | No | No |
| SEPA Payments Cost | No | No |
Monese vs Cambridge Building Society Business Savings Rates
| Monese | Cambridge Building Society | |
| Types of Business Savings Accounts | None | Business Saver, Council Saver, Notice Business Saver, Fixed Rate Business Bond |
| Lowest Savings Rate (AER) | NA | 2.90% |
| Maximum Savings Rate (AER) | NA | 4.25% |
| Minimum Savings Amount | NA | £1,000 |
| Interest Paid On Foreign Currencies | Yes | No |
Monese vs Cambridge Building Society Account Opening Times
| Monese | Cambridge Building Society | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 1 day | Undisclosed |
| Do They Check Your Credit? | No | Yes |
| Current Account Switch Service | Yes | No |
Monese vs Cambridge Building Society Features & Account Types
| Monese | Cambridge Building Society | |
| Business Current Account | Yes | No |
| Business Savings Account | No | Yes |
| Business Credit Card | No | No |
| Business Overdraft | No | No |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | No | Yes |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Mastercard | None |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | No | Yes |
| Branch Locations | None, online only | Locations around Cambridge |
Monese vs Cambridge Building Society Customer Support Options
| Monese | Cambridge Building Society | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | Yes |
| Web Based Support | Yes | Yes |
| In person Customer Support | No | Yes |
Monese vs Cambridge Building Society Foreign Currency Accounts
| Monese | Cambridge Building Society | |
| US Dollar (USD) Bank Accounts | Yes | No |
| Euro (EUR) Bank Accounts | Yes | No |
| Other Currencies Available: |
| No |
Other Business Services From Monese and Cambridge Building Society
| Monese | Cambridge Building Society | |
| Business Loans | No | Yes |
| Commercial Mortgages | No | Yes |
| Invoice Financing | No | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | No |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Monese vs Cambridge Building Society Banking Basics
| Monese | Cambridge Building Society | |
| Bank Type | Challenger | Building Society |
| FSCS Protection | No | Yes, up to £85,000 |
| FCA Number | 900960 | 157223 |
| Website | Monese Website | Cambridge Building Society Website |
Common Comparison Questions
Does Monese or Cambridge Building Society have better customer reviews?
Monese scores 4.3 out of 5 based 40,330 Trustpilot reviews. Of these reviews 68% are 5-star and 17% are 1-star.
Whereas, Cambridge Building Society scores 3.1 out of 5 based 15 Trustpilot reviews. Of which 53% are 5-star and 47% are 1-star.
Does Monese or Cambridge Building Society have a better App?
Monese’s iPhone App is rated 4.8 out of 5 based on 68,100 reviews. And it’s Android App is rated 4.5 out of 5 based on 101,000 reviews.
In comparison, Cambridge Building Society’s iPhone App is rated 4 out of 5 based on 35 reviews. And it’s Android App is rated 2.6 out of 5 based on 29 reviews.
Does Monese or Cambridge Building Society have better business savings rates?
Monese offers the following types of business savings accounts: None with interest rates ranging from NA to NA. (AER)
In contrast, Cambridge Building Society offers Business Saver, Council Saver, Notice Business Saver, Fixed Rate Business Bond accounts with interest rates ranging from 2.90% to 4.25% (AER).
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For other business bank accounts see our guide here.