Is Monzo or Hampshire Trust Bank better for your small business?
Below we look at both Monzo and Hampshire Trust 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.
Monzo vs Hampshire Trust Bank Trustpilot Reviews
| Monzo | Hampshire Trust Bank | |
| Trustpilot Review Score (out of 5) | 3.9 | 4.5 |
| Percent 5-Star Reviews | 77% | 75% |
| Percent 1- Star Reviews | 14% | 7% |
| Total Number of Reviews | 30,333 | 1,591 |
https://www.trustpilot.com/review/www.monzo.com
https://www.trustpilot.com/review/htb.co.uk
Monzo vs Hampshire Trust Bank App Reviews
| Monzo | Hampshire Trust Bank | |
| iPhone Review Score (out of 5) | 4.9 | No Rating |
| Number of iPhone Reviews | 189,000 | No Reviews |
| Android Review Score (out of 5) | 4.7 | No Rating |
| Number of Android Reviews | 125,000 | No Reviews |
https://apps.apple.com/gb/app/monzo-bank-mobile-banking/id1052238659
https://www.apple.com/uk/app-store/
Monzo vs Hampshire Trust Bank Account Fees & Charges
| Monzo | Hampshire Trust Bank | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | No Limit | NA |
| Cheapest Monthly Account Fee | No | No |
| Most Expensive Monthly Account Fee | £5 | No |
| Electronic Payment Cost (in/out) | Free | 25p |
| Cash Payments Cost (in/out) | £1 | £1 |
| Cheques (in/out) | Unknown | £1 |
| CHAPS Payments Cost | £20 | £25 |
| SEPA Payments Cost | No | 20p |
Monzo vs Hampshire Trust Bank Business Savings Rates
| Monzo | Hampshire Trust Bank | |
| Types of Business Savings Accounts | Instant Access Savings Pot | Notice Account, Fixed |
| Lowest Savings Rate (AER) | 1.60% | 4.50% |
| Maximum Savings Rate (AER) | 1.60% | 5.15% |
| Minimum Savings Amount | No | £5,000 |
| Interest Paid On Foreign Currencies | Yes | No |
Monzo vs Hampshire Trust Bank Account Opening Times
| Monzo | Hampshire Trust Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 1 to 8 Working days | 1 day |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | No |
Monzo vs Hampshire Trust Bank Features & Account Types
| Monzo | Hampshire Trust Bank | |
| Business Current Account | Yes | No |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | Yes |
| Business Overdraft | Yes | Yes |
| 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 | No |
| In Person/Branch Banking | No | No |
| Branch Locations | None, online only | London & Leeds |
Monzo vs Hampshire Trust Bank Customer Support Options
| Monzo | Hampshire Trust Bank | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | No |
| Web Based Support | Yes | Yes |
| In person Customer Support | No | No |
Monzo vs Hampshire Trust Bank Foreign Currency Accounts
| Monzo | Hampshire Trust Bank | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
| No |
Other Business Services From Monzo and Hampshire Trust Bank
| Monzo | Hampshire Trust Bank | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | No |
| Card Machines | Yes | No |
| Free Accounting Software | Yes | No |
Monzo vs Hampshire Trust Bank Banking Basics
| Monzo | Hampshire Trust Bank | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 730427 | 204601 |
| Website | Monzo Website | Hampshire Trust Bank Website |
Common Comparison Questions
Does Monzo or Hampshire Trust Bank have better customer reviews?
Monzo scores 3.9 out of 5 based 30,333 Trustpilot reviews. Of these reviews 77% are 5-star and 14% are 1-star.
Whereas, Hampshire Trust Bank scores 4.5 out of 5 based 1,591 Trustpilot reviews. Of which 75% are 5-star and 7% are 1-star.
Does Monzo or Hampshire Trust Bank have a better App?
Monzo’s iPhone App is rated 4.9 out of 5 based on 189,000 reviews. And it’s Android App is rated 4.7 out of 5 based on 125,000 reviews.
In comparison, Hampshire Trust Bank’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 Monzo or Hampshire Trust Bank have better business savings rates?
Monzo offers the following types of business savings accounts: Instant Access Savings Pot with interest rates ranging from 1.60% to 1.60%. (AER)
In contrast, Hampshire Trust Bank offers Notice Account, Fixed accounts with interest rates ranging from 4.50% to 5.15% (AER).
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For other business bank accounts see our guide here.