Is Nationwide or Recognise Bank better for your small business?
Below we look at both Nationwide and Recognise 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.
Nationwide vs Recognise Bank Trustpilot Reviews
| Nationwide | Recognise Bank | |
| Trustpilot Review Score (out of 5) | 1.7 | 4.6 |
| Percent 5-Star Reviews | 15% | 77% |
| Percent 1- Star Reviews | 75% | 5% |
| Total Number of Reviews | 5,509 | 539 |
https://www.trustpilot.com/review/www.nationwide.co.uk
https://www.trustpilot.com/review/recognisebank.co.uk
Nationwide vs Recognise Bank App Reviews
| Nationwide | Recognise Bank | |
| iPhone Review Score (out of 5) | 4.8 | No Rating |
| Number of iPhone Reviews | 595,000 | No Reviews |
| Android Review Score (out of 5) | 4.5 | No Rating |
| Number of Android Reviews | 106,000 | No Reviews |
https://apps.apple.com/gb/app/nationwide-mobile-banking/id542355130
https://www.apple.com/uk/app-store/
Nationwide vs Recognise Bank Account Fees & Charges
| Nationwide | Recognise Bank | |
| Free Business Bank Account | No | Yes |
| Free Business Account Term Length | NA | No Limit |
| Cheapest Monthly Account Fee | £6.50 | No |
| Most Expensive Monthly Account Fee | £30 | No |
| Electronic Payment Cost (in/out) | Free | Free |
| Cash Payments Cost (in/out) | 1% | Free |
| Cheques (in/out) | £1.50 | Free |
| CHAPS Payments Cost | £15 | £15 |
| SEPA Payments Cost | No | 25p |
Nationwide vs Recognise Bank Business Savings Rates
| Nationwide | Recognise Bank | |
| Types of Business Savings Accounts | Instant access, Limited access, Fixed rate | Notice account, Fixed Rate, Instant access |
| Lowest Savings Rate (AER) | 2.25% | 3.15% |
| Maximum Savings Rate (AER) | 6.50% | 4.50% |
| Minimum Savings Amount | £1 | £1,000 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Nationwide vs Recognise Bank Account Opening Times
| Nationwide | Recognise Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 Working days | Few minutes |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | No |
Nationwide vs Recognise Bank Features & Account Types
| Nationwide | Recognise Bank | |
| Business Current Account | Yes | No |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | No |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | No |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Visa | None |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | No |
| In Person/Branch Banking | Yes | No |
| Branch Locations | UK-wide | None, online and phone only |
Nationwide vs Recognise Bank Customer Support Options
| Nationwide | Recognise 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 | Yes | No |
Nationwide vs Recognise Bank Foreign Currency Accounts
| Nationwide | Recognise Bank | |
| 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 Recognise Bank
| Nationwide | Recognise Bank | |
| Business Loans | No | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | No | No |
| International Payments | Yes | No |
| Merchant Payment Services | No | No |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Nationwide vs Recognise Bank Banking Basics
| Nationwide | Recognise Bank | |
| Bank Type | Building Society | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 106078 | 849404 |
| Website | Nationwide Website | Recognise Bank Website |
Common Comparison Questions
Does Nationwide or Recognise Bank 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, Recognise Bank scores 4.6 out of 5 based 539 Trustpilot reviews. Of which 77% are 5-star and 5% are 1-star.
Does Nationwide or Recognise Bank 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, Recognise 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 Nationwide or Recognise Bank 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, Recognise Bank offers Notice account, Fixed Rate, Instant access accounts with interest rates ranging from 3.15% to 4.50% (AER).
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For other business bank accounts see our guide here.