Nationwide VS Danske Bank UK: Business Banking Review & Fee Comparison

Is Nationwide or Danske Bank UK better for your small business?

Below we look at both Nationwide and Danske Bank UK 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.

Nationwide vs Danske Bank UK Trustpilot Reviews

	Nationwide	Danske Bank UK
Trustpilot Review Score (out of 5)	1.7	2
Percent 5-Star Reviews	15%	12%
Percent 1- Star Reviews	75%	71%
Total Number of Reviews	5,509	24

Sources:
https://www.trustpilot.com/review/www.nationwide.co.uk
https://www.trustpilot.com/review/danskebank.co.uk

Nationwide vs Danske Bank UK App Reviews

	Nationwide	Danske Bank UK
iPhone Review Score (out of 5)	4.8	4.4
Number of iPhone Reviews	595,000	2,900
Android Review Score (out of 5)	4.5	4.4
Number of Android Reviews	106,000	2,890

Sources:
https://apps.apple.com/gb/app/nationwide-mobile-banking/id542355130
https://apps.apple.com/gb/app/mobile-bank-uk-danske-bank/id1365361930

Nationwide vs Danske Bank UK Account Fees & Charges

	Nationwide	Danske Bank UK
Free Business Bank Account	No	Yes
Free Business Account Term Length	NA	24 Months
Cheapest Monthly Account Fee	£6.50	£7
Most Expensive Monthly Account Fee	£30	£48
Electronic Payment Cost (in/out)	Free	45p
Cash Payments Cost (in/out)	1%	90p / £1.40 per £100
Cheques (in/out)	£1.50	80p / 90p per item
CHAPS Payments Cost	£15	£20
SEPA Payments Cost	No	No

Nationwide vs Danske Bank UK Business Savings Rates

	Nationwide	Danske Bank UK
Types of Business Savings Accounts	Instant access, Limited access, Fixed rate	Business Investment Account, Fixed Term Deposit
Lowest Savings Rate (AER)	2.25%	1.65%
Maximum Savings Rate (AER)	6.50%	4.60%
Minimum Savings Amount	£1	£1
Interest Paid On Foreign Currencies	Yes	Yes

Nationwide vs Danske Bank UK Account Opening Times

	Nationwide	Danske Bank UK
Can You Apply Online?	Yes	Yes
How Long Does Opening An Account Typically Take?	7 Working days	10 Working days
Do They Check Your Credit?	Yes	Yes
Current Account Switch Service	Yes	Yes

Nationwide vs Danske Bank UK Features & Account Types

	Nationwide	Danske Bank UK
Business Current Account	Yes	Yes
Business Savings Account	Yes	Yes
Business Credit Card	Yes	Yes
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	Nothern Ireland oly

Nationwide vs Danske Bank UK Customer Support Options

	Nationwide	Danske Bank UK
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

Nationwide vs Danske Bank UK Foreign Currency Accounts

	Nationwide	Danske Bank UK
US Dollar (USD) Bank Accounts	Yes	Yes
Euro (EUR) Bank Accounts	Yes	Yes
Other Currencies Available:	Canadian Dollar Australian Dollar	Swiss franc (CHF) Swedish krona (SEK) Danish krone (DKK) Norwegian krone (NOK) Polish zloty (PLN) Hungarian forint (HUF) Czech koruna (CZK) Romanian leu (RON)

Other Business Services From Nationwide and Danske Bank UK

	Nationwide	Danske Bank UK
Business Loans	No	Yes
Commercial Mortgages	Yes	Yes
Invoice Financing	No	Yes
International Payments	Yes	Yes
Merchant Payment Services	No	Yes
Card Machines	No	No
Free Accounting Software	No	No

Nationwide vs Danske Bank UK Banking Basics

	Nationwide	Danske Bank UK
Bank Type	Building Society	Challenger
FSCS Protection	Yes, up to £85,000	Yes, up to £85,000
FCA Number	106078	122261
Website	Nationwide Website	Danske Bank UK Website

Common Comparison Questions

Does Nationwide or Danske Bank UK have better customer reviews?

Nationwide scores 1.7 out of 5 based 5,509 Trustpilot reviews. Of these reviews 15% are 5-star and 75% are 1-star.

Whereas, Danske Bank UK scores 2 out of 5 based 24 Trustpilot reviews. Of which 12% are 5-star and 71% are 1-star.

Does Nationwide or Danske Bank UK have a better App?

Nationwide’s iPhone App is rated 4.8 out of 5 based on 595,000 reviews. And it’s Android App is rated 4.5 out of 5 based on 106,000 reviews.

In comparison, Danske Bank UK’s iPhone App is rated 4.4 out of 5 based on 2,900 reviews. And it’s Android App is rated 4.4 out of 5 based on 2,890 reviews.

Does Nationwide or Danske Bank UK have better business savings rates?

Nationwide offers the following types of business savings accounts: Instant access, Limited access, Fixed rate with interest rates ranging from 2.25% to 6.50%. (AER)

In contrast, Danske Bank UK offers Business Investment Account, Fixed Term Deposit accounts with interest rates ranging from 1.65% to 4.60% (AER).

See Other Comparisons:
Nationwide vs Ulster Bank
Nationwide vs Kent Reliance
Nationwide vs Cynergy Bank
Nationwide vs Zempler Bank (formerly Cashplus)
Nationwide vs Co-operative Bank


For other business bank accounts see our guide here.