Is OakNorth or SumUp Business Account better for your small business?
Below we look at both OakNorth and SumUp Business Account 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.
OakNorth vs SumUp Business Account Trustpilot Reviews
| OakNorth | SumUp Business Account | |
| Trustpilot Review Score (out of 5) | 4.8 | 4.2 |
| Percent 5-Star Reviews | 84% | 64% |
| Percent 1- Star Reviews | 3% | 22% |
| Total Number of Reviews | 8,904 | 18,247 |
https://www.trustpilot.com/review/oaknorth.co.uk
https://www.trustpilot.com/review/sumup.com
OakNorth vs SumUp Business Account App Reviews
| OakNorth | SumUp Business Account | |
| iPhone Review Score (out of 5) | 4.8 | 4.8 |
| Number of iPhone Reviews | 1,600 | 12,400 |
| Android Review Score (out of 5) | 4.8 | 4.7 |
| Number of Android Reviews | 468 | 84,500 |
https://apps.apple.com/gb/app/oaknorth-savings/id1476387507
https://apps.apple.com/gb/app/sumup/id514879214
OakNorth vs SumUp Business Account Account Fees & Charges
| OakNorth | SumUp Business Account | |
| Free Business Bank Account | No | Yes |
| Free Business Account Term Length | NA | No Limit |
| Cheapest Monthly Account Fee | £25 | No |
| Most Expensive Monthly Account Fee | £99.99 | No |
| Electronic Payment Cost (in/out) | Free | Free |
| Cash Payments Cost (in/out) | 70p per £100 | Free |
| Cheques (in/out) | £1 per cheque | Free |
| CHAPS Payments Cost | £17 | No |
| SEPA Payments Cost | No | No |
OakNorth vs SumUp Business Account Business Savings Rates
| OakNorth | SumUp Business Account | |
| Types of Business Savings Accounts | Fixed Term, Notice Accounts, Easy Access | None |
| Lowest Savings Rate (AER) | 3.85% | NA |
| Maximum Savings Rate (AER) | 3.85% | NA |
| Minimum Savings Amount | £10,000 | NA |
| Interest Paid On Foreign Currencies | No | No |
OakNorth vs SumUp Business Account Account Opening Times
| OakNorth | SumUp Business Account | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | Few minutes | 10 minutes |
| Do They Check Your Credit? | No | Yes |
| Current Account Switch Service | No | No |
OakNorth vs SumUp Business Account Features & Account Types
| OakNorth | SumUp Business Account | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | No |
| Business Credit Card | No | No |
| Business Overdraft | Yes | No |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | Yes |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | No |
| Card Type | Mastercard | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | No | No |
| Branch Locations | None, online and phone only | None, online only |
OakNorth vs SumUp Business Account Customer Support Options
| OakNorth | SumUp Business Account | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | Yes |
| Web Based Support | Yes | Yes |
| In person Customer Support | No | No |
OakNorth vs SumUp Business Account Foreign Currency Accounts
| OakNorth | SumUp Business Account | |
| US Dollar (USD) Bank Accounts | No | No |
| Euro (EUR) Bank Accounts | No | No |
| Other Currencies Available: | No | No |
Other Business Services From OakNorth and SumUp Business Account
| OakNorth | SumUp Business Account | |
| Business Loans | Yes | No |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | No | Yes |
| Free Accounting Software | No | No |
OakNorth vs SumUp Business Account Banking Basics
| OakNorth | SumUp Business Account | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | Yes, up to £85,000 | No |
| FCA Number | 629564 | 900700 |
| Website | OakNorth Website | SumUp Business Account Website |
Common Comparison Questions
Does OakNorth or SumUp Business Account have better customer reviews?
OakNorth scores 4.8 out of 5 based 8,904 Trustpilot reviews. Of these reviews 84% are 5-star and 3% are 1-star.
Whereas, SumUp Business Account scores 4.2 out of 5 based 18,247 Trustpilot reviews. Of which 64% are 5-star and 22% are 1-star.
Does OakNorth or SumUp Business Account have a better App?
OakNorth’s iPhone App is rated 4.8 out of 5 based on 1,600 reviews. And it’s Android App is rated 4.8 out of 5 based on 468 reviews.
In comparison, SumUp Business Account’s iPhone App is rated 4.8 out of 5 based on 12,400 reviews. And it’s Android App is rated 4.7 out of 5 based on 84,500 reviews.
Does OakNorth or SumUp Business Account have better business savings rates?
OakNorth offers the following types of business savings accounts: Fixed Term, Notice Accounts, Easy Access with interest rates ranging from 3.85% to 3.85%. (AER)
In contrast, SumUp Business Account offers None accounts with interest rates ranging from NA to NA (AER).
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For other business bank accounts see our guide here.