Merchant Machine

NatWest VS Barclays: Business Banking Review & Fee Comparison


By: Ian Wright | Last Updated:

Is NatWest or Barclays better for your small business?

Below we look at both NatWest and Barclays 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.

NatWest Homepage
NatWest Homepage

Barclays Homepage
Barclays Homepage
 

NatWest vs Barclays Trustpilot Reviews

NatWestBarclays
Trustpilot Review Score (out of 5)1.41.4
Percent 5-Star Reviews8%8%
Percent 1- Star Reviews86%86%
Total Number of Reviews5,9849,859
Sources:
https://www.trustpilot.com/review/www.natwest.com
https://www.trustpilot.com/review/www.barclays.co.uk

NatWest vs Barclays App Reviews

NatWestBarclays
iPhone Review Score (out of 5)4.84.8
Number of iPhone Reviews456,7001,700,000
Android Review Score (out of 5)4.44.8
Number of Android Reviews349,000506,000
Sources:
https://apps.apple.com/gb/app/natwest-mobile-banking/id334855322
https://apps.apple.com/gb/app/barclays/id536248734

NatWest vs Barclays Account Fees & Charges

NatWestBarclays
Free Business Bank AccountYesYes
Free Business Account Term Length24 Months12 Months
Cheapest Monthly Account FeeFree£8.50
Most Expensive Monthly Account FeeFree£8.50
Electronic Payment Cost (in/out)35pFree (up to 500 per month; 35p after)
Cash Payments Cost (in/out)70p per £10060p per £100/Free
Cheques (in/out)70p per item60p each/60p each
CHAPS Payments Cost£20£15
SEPA Payments Cost45p35p

NatWest vs Barclays Business Savings Rates

NatWestBarclays
Types of Business Savings AccountsInstant access, notice and fixed-term savings accountsInstant access, Fixed-term Treasury Reserve Accounts
Lowest Savings Rate (AER)1.46%1.51%
Maximum Savings Rate (AER)4.25%1.96%
Minimum Savings AmountNo£1
Interest Paid On Foreign CurrenciesYesYes
 

NatWest vs Barclays Account Opening Times

NatWestBarclays
Can You Apply Online?YesYes
How Long Does Opening An
Account Typically Take?		10 Working daysUp to 7 Working Days
Do They Check Your Credit?YesYes
Current Account Switch ServiceYesYes

NatWest vs Barclays Features & Account Types

NatWest Account Types
NatWest Features & Account Types

Barclays Account Types
Barclays Features & Account Types


NatWestBarclays
Business Current AccountYesYes
Business Savings AccountYesYes
Business Credit CardYesYes, via Barclaycard
Business OverdraftYesYes
Accounts For StartupsYesYes
Accounts For CharitiesYesYes
Accounts For Sole TradersYesYes
Joint Business Accounts AvailableYesYes
Card TypeMastercardMastercard
Online BankingYesYes
Mobile BankingYesYes
In Person/Branch BankingYesYes
Branch LocationsUK-wide including the ability to use some RBS locationsUK-wide

NatWest vs Barclays Customer Support Options

NatWestBarclays
Phone Support AvailableYesYes
Email Support AvailableYesYes
App Based Support YesYes
Web Based SupportYesYes
In person Customer SupportYesYes

NatWest vs Barclays Foreign Currency Accounts

NatWestBarclays
US Dollar (USD) Bank AccountsYesYes
Euro (EUR) Bank AccountsYesYes
Other Currencies Available:
  • AED (United Arab Emirates Dirham)
  • KWD (Kuwaiti Dinar)
  • AUD (Australian Dollar)
  • LTL (Lithuanian Litas)
  • BGN (Bulgarian Lev)
  • MAD (Moroccan Dirham)
  • BHD (Bahraini Dinar)
  • MUR (Mauritian Rupee)
  • CAD (Canadian Dollar)
  • MXN (Mexican Peso)
  • CHF (Swiss Franc)
  • NOK (Norwegian Krone)
  • CZK (Czech Koruna)
  • OMR (Omani Rial)
  • DKK (Danish Krone)
  • PLN (Polish Zloty)
  • QAR (Qatari Rial)
  • SAR (Saudi Riyals)
  • HKD (Hong Kong Dollar)
  • SEK (Swedish Krona)
  • HRK (Croatian Kuna)
  • SGD (Singaporean Dollar)
  • HUF (Hungarian Forint)
  • THB (Thai Baht)
  • ILS (Israeli Shekel)
  • TRY (Turkish Lira)
  • JPY (Japanese Yen)
  • KES (Kenyan Shilling)
  • ZAR (South African Rand)
  • Australian Dollar (AUD)
  • Canadian Dollar (CAD)
  • Chinese Yuan (CNY)
  • Czech Koruna (CZK)
  • Danish Krone (DKK)
  • Hong Kong Dollar (HKD)
  • Japanese Yen (JPY)
  • New Zealand Dollar (NZD)
  • Norwegian Krone (NOK)
  • Polish Zloty (PLN)
  • Singapore Dollar (SGD)
  • South African Rand (ZAR)
  • Swedish Krona (SEK)
  • Swiss Franc (CHF)
  • UAE Dirham (AED)

Other Business Services From NatWest and Barclays

NatWest Account Types
Other NatWest Services

Barclays Account Types
Other Barclays Services


NatWestBarclays
Business LoansYesYes
Commercial MortgagesYesYes
Invoice FinancingYesYes
International PaymentsYesYes
Merchant Payment ServicesYesYes, via Barclaycard
Card MachinesYesYes, via Barclaycard
Free Accounting SoftwareYesYes, FreshBooks

NatWest vs Barclays Banking Basics

NatWestBarclays
Bank TypeHigh StreetHigh Street
FSCS ProtectionYes, up to £85,000Yes, up to £85,000
FCA Number121882122702
WebsiteNatWest WebsiteBarclays Website

Common Comparison Questions

Does NatWest or Barclays have better customer reviews?

NatWest scores 1.4 out of 5 based 5,984 Trustpilot reviews. Of these reviews 8% are 5-star and 86% are 1-star.

Whereas, Barclays scores 1.4 out of 5 based 9,859 Trustpilot reviews. Of which 8% are 5-star and 86% are 1-star.

Does NatWest or Barclays have a better App?

NatWest’s iPhone App is rated 4.8 out of 5 based on 456,700 reviews. And it’s Android App is rated 4.4 out of 5 based on 349,000 reviews.

In comparison, Barclays’s iPhone App is rated 4.8 out of 5 based on 1,700,000 reviews. And it’s Android App is rated 4.8 out of 5 based on 506,000 reviews.

Does NatWest or Barclays have better business savings rates?

NatWest offers the following types of business savings accounts: Instant access, notice and fixed-term savings accounts with interest rates ranging from 1.46% to 4.25%. (AER)

In contrast, Barclays offers Instant access, Fixed-term Treasury Reserve Accounts accounts with interest rates ranging from 1.51% to 1.96% (AER).

See Other Comparisons:
NatWest vs HSBC
NatWest vs Santander
NatWest vs Nationwide
NatWest vs Lloyds Bank
NatWest vs Tide


For other business bank accounts see our guide here.