Merchant Machine

Monese VS HSBC Kinetic: Business Banking Review & Fee Comparison


By: Ian Wright | Last Updated:

Is Monese or HSBC Kinetic better for your small business?

Below we look at both Monese 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.

Monese Homepage
Monese Homepage

HSBC Kinetic Homepage
HSBC Kinetic Homepage
 

Monese vs HSBC Kinetic Trustpilot Reviews

MoneseHSBC Kinetic
Trustpilot Review Score (out of 5)4.31.9
Percent 5-Star Reviews68%0%
Percent 1- Star Reviews17%100%
Total Number of Reviews40,33013
Sources:
https://www.trustpilot.com/review/www.monese.com
https://www.trustpilot.com/review/hsbckinetic.co.uk

Monese vs HSBC Kinetic App Reviews

MoneseHSBC Kinetic
iPhone Review Score (out of 5)4.84.8
Number of iPhone Reviews68,10015,000
Android Review Score (out of 5)4.54.7
Number of Android Reviews101,0004,000
Sources:
https://apps.apple.com/gb/app/monese-a-banking-alternative/id1102793407
https://apps.apple.com/gb/app/hsbc-kinetic/id1457310350

Monese vs HSBC Kinetic Account Fees & Charges

MoneseHSBC Kinetic
Free Business Bank AccountNoYes
Free Business Account Term LengthNA12 Months
Cheapest Monthly Account Fee£5.95£6.50
Most Expensive Monthly Account Fee£14.95£6.50
Electronic Payment Cost (in/out)FreeFree
Cash Payments Cost (in/out)3.5% / 2%1.10%
Cheques (in/out)Free50p per cheque
CHAPS Payments CostNo£17
SEPA Payments CostNo24p

Monese vs HSBC Kinetic Business Savings Rates

MoneseHSBC Kinetic
Types of Business Savings AccountsNoneInstant access, 30+ day, 60+ day
Lowest Savings Rate (AER)NA1.94%
Maximum Savings Rate (AER)NA2.02%
Minimum Savings AmountNANo
Interest Paid On Foreign CurrenciesYesYes
 

Monese vs HSBC Kinetic Account Opening Times

MoneseHSBC Kinetic
Can You Apply Online?YesYes
How Long Does Opening An
Account Typically Take?		1 day48 hours
Do They Check Your Credit?NoYes
Current Account Switch ServiceYesYes

Monese vs HSBC Kinetic Features & Account Types

Monese Account Types
Monese Features & Account Types

HSBC Kinetic Account Types
HSBC Kinetic Features & Account Types


MoneseHSBC Kinetic
Business Current AccountYesYes
Business Savings AccountNoYes
Business Credit CardNoYes
Business OverdraftNoYes
Accounts For StartupsYesYes
Accounts For CharitiesNoNo
Accounts For Sole TradersYesYes
Joint Business Accounts AvailableYesNo
Card TypeMastercardVisa
Online BankingYesYes
Mobile BankingYesYes
In Person/Branch BankingNoNo
Branch LocationsNone, online onlyCan use HSBC branches for some services

Monese vs HSBC Kinetic Customer Support Options

MoneseHSBC Kinetic
Phone Support AvailableYesYes
Email Support AvailableYesYes
App Based Support YesYes
Web Based SupportYesYes
In person Customer SupportNoNo

Monese vs HSBC Kinetic Foreign Currency Accounts

MoneseHSBC Kinetic
US Dollar (USD) Bank AccountsYesYes
Euro (EUR) Bank AccountsYesYes
Other Currencies Available:
  • EUR (Euro)
  • USD (United States Dollar)
  • AUD (Australian Dollar)
  • CAD (Canadian Dollar)
  • CHF (Swiss Franc)
  • DKK (Danish Krone)
  • NOK (Norwegian Krone)
  • SEK (Swedish Krona)
  • Brazilian real (BRL)
  • Canadian dollar (CAD)
  • Chilean peso (CLP)
  • Colombian peso (COP)
  • Mexican peso (MXN)
  • Chinese yuan (CNY)
  • Hong Kong dollar (HKD)
  • Indian rupee (INR)
  • Japanese yen (JPY)
  • Korean won (KRW)
  • Malaysian ringgit (MYR)
  • Singapore dollar (SGD)
  • Thai baht (THB)
  • Austrian euro (EUR)
  • Belgian euro (EUR)
  • Bulgarian lev (BGN)
  • Croatian kuna (HRK)
  • Czech koruna (CZK)
  • Danish krone (DKK)
  • Estonian euro (EUR)
  • Finnish euro (EUR)
  • French euro (EUR)
  • German euro (EUR)
  • Greek euro (EUR)
  • Hungarian forint (HUF)
  • Icelandic króna (ISK)
  • Irish euro (EUR)
  • Italian euro (EUR)
  • Latvian euro (EUR)
  • Lithuanian euro (EUR)
  • Maltese euro (EUR)
  • Dutch euro (EUR)
  • Polish zloty (PLN)
  • Portuguese euro (EUR)
  • Romanian leu (RON)
  • Slovak euro (EUR)
  • Slovenian euro (EUR)
  • Spanish euro (EUR)
  • Australian dollar (AUD)
  • New Zealand dollar (NZD)

Other Business Services From Monese and HSBC Kinetic

Monese Account Types
Other Monese Services

HSBC Kinetic Account Types
Other HSBC Kinetic Services


MoneseHSBC Kinetic
Business LoansNoYes
Commercial MortgagesNoNo
Invoice FinancingNoNo
International PaymentsYesYes
Merchant Payment ServicesNoYes
Card MachinesNoNo
Free Accounting SoftwareNoNo

Monese vs HSBC Kinetic Banking Basics

MoneseHSBC Kinetic
Bank TypeChallengerHigh Street/Challenger
FSCS ProtectionNoYes, up to £85,000
FCA Number900960765112
WebsiteMonese WebsiteHSBC Kinetic Website

Common Comparison Questions

Does Monese or HSBC Kinetic 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, HSBC Kinetic scores 1.9 out of 5 based 13 Trustpilot reviews. Of which 0% are 5-star and 100% are 1-star.

Does Monese or HSBC Kinetic 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, 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 Monese or HSBC Kinetic 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, HSBC Kinetic offers Instant access, 30+ day, 60+ day accounts with interest rates ranging from 1.94% to 2.02% (AER).

See Other Comparisons:
Monese vs CardOneMoney
Monese vs Fair Everywhere
Monese vs Countingup
Monese vs State Bank of India (UK)
Monese vs Charity Bank


For other business bank accounts see our guide here.