Is Nationwide or HSBC Kinetic better for your small business?
Below we look at both Nationwide 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.
Nationwide vs HSBC Kinetic Trustpilot Reviews
| Nationwide | HSBC Kinetic | |
| Trustpilot Review Score (out of 5) | 1.7 | 1.9 |
| Percent 5-Star Reviews | 15% | 0% |
| Percent 1- Star Reviews | 75% | 100% |
| Total Number of Reviews | 5,509 | 13 |
https://www.trustpilot.com/review/www.nationwide.co.uk
https://www.trustpilot.com/review/hsbckinetic.co.uk
Nationwide vs HSBC Kinetic App Reviews
| Nationwide | HSBC Kinetic | |
| iPhone Review Score (out of 5) | 4.8 | 4.8 |
| Number of iPhone Reviews | 595,000 | 15,000 |
| Android Review Score (out of 5) | 4.5 | 4.7 |
| Number of Android Reviews | 106,000 | 4,000 |
https://apps.apple.com/gb/app/nationwide-mobile-banking/id542355130
https://apps.apple.com/gb/app/hsbc-kinetic/id1457310350
Nationwide vs HSBC Kinetic Account Fees & Charges
| Nationwide | HSBC Kinetic | |
| Free Business Bank Account | No | Yes |
| Free Business Account Term Length | NA | 12 Months |
| Cheapest Monthly Account Fee | £6.50 | £6.50 |
| Most Expensive Monthly Account Fee | £30 | £6.50 |
| Electronic Payment Cost (in/out) | Free | Free |
| Cash Payments Cost (in/out) | 1% | 1.10% |
| Cheques (in/out) | £1.50 | 50p per cheque |
| CHAPS Payments Cost | £15 | £17 |
| SEPA Payments Cost | No | 24p |
Nationwide vs HSBC Kinetic Business Savings Rates
| Nationwide | HSBC Kinetic | |
| Types of Business Savings Accounts | Instant access, Limited access, Fixed rate | Instant access, 30+ day, 60+ day |
| Lowest Savings Rate (AER) | 2.25% | 1.94% |
| Maximum Savings Rate (AER) | 6.50% | 2.02% |
| Minimum Savings Amount | £1 | No |
| Interest Paid On Foreign Currencies | Yes | Yes |
Nationwide vs HSBC Kinetic Account Opening Times
| Nationwide | HSBC Kinetic | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 Working days | 48 hours |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Nationwide vs HSBC Kinetic Features & Account Types
| Nationwide | HSBC Kinetic | |
| 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 | No |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | No |
| Card Type | Visa | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | No |
| Branch Locations | UK-wide | Can use HSBC branches for some services |
Nationwide vs HSBC Kinetic Customer Support Options
| Nationwide | HSBC Kinetic | |
| 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 |
Nationwide vs HSBC Kinetic Foreign Currency Accounts
| Nationwide | HSBC Kinetic | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
|
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Other Business Services From Nationwide and HSBC Kinetic
| Nationwide | HSBC Kinetic | |
| Business Loans | No | Yes |
| Commercial Mortgages | Yes | No |
| Invoice Financing | No | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | Yes |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Nationwide vs HSBC Kinetic Banking Basics
| Nationwide | HSBC Kinetic | |
| Bank Type | Building Society | High Street/Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 106078 | 765112 |
| Website | Nationwide Website | HSBC Kinetic Website |
Common Comparison Questions
Does Nationwide or HSBC Kinetic 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, HSBC Kinetic scores 1.9 out of 5 based 13 Trustpilot reviews. Of which 0% are 5-star and 100% are 1-star.
Does Nationwide or HSBC Kinetic 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, 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 Nationwide or HSBC Kinetic 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, HSBC Kinetic offers Instant access, 30+ day, 60+ day accounts with interest rates ranging from 1.94% to 2.02% (AER).
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For other business bank accounts see our guide here.