Is OakNorth or Unity Trust better for your small business?
Below we look at both OakNorth and Unity Trust 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 Unity Trust Trustpilot Reviews
| OakNorth | Unity Trust | |
| Trustpilot Review Score (out of 5) | 4.8 | 4 |
| Percent 5-Star Reviews | 84% | 61% |
| Percent 1- Star Reviews | 3% | 14% |
| Total Number of Reviews | 8,904 | 255 |
https://www.trustpilot.com/review/oaknorth.co.uk
https://www.trustpilot.com/review/unity.co.uk
OakNorth vs Unity Trust App Reviews
| OakNorth | Unity Trust | |
| iPhone Review Score (out of 5) | 4.8 | No Rating |
| Number of iPhone Reviews | 1,600 | No Reviews |
| Android Review Score (out of 5) | 4.8 | No Rating |
| Number of Android Reviews | 468 | No Reviews |
https://apps.apple.com/gb/app/oaknorth-savings/id1476387507
https://www.apple.com/uk/app-store/
OakNorth vs Unity Trust Account Fees & Charges
| OakNorth | Unity Trust | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | £25 | £6 |
| Most Expensive Monthly Account Fee | £99.99 | £6 |
| Electronic Payment Cost (in/out) | Free | 14p |
| Cash Payments Cost (in/out) | 70p per £100 | 50p per £100 |
| Cheques (in/out) | £1 per cheque | 30p per item |
| CHAPS Payments Cost | £17 | £28 |
| SEPA Payments Cost | No | 25p |
OakNorth vs Unity Trust Business Savings Rates
| OakNorth | Unity Trust | |
| Types of Business Savings Accounts | Fixed Term, Notice Accounts, Easy Access | Instant Access, Fixed Term |
| Lowest Savings Rate (AER) | 3.85% | 2.77% |
| Maximum Savings Rate (AER) | 3.85% | 5.10% |
| Minimum Savings Amount | £10,000 | No |
| Interest Paid On Foreign Currencies | No | Yes |
OakNorth vs Unity Trust Account Opening Times
| OakNorth | Unity Trust | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | Few minutes | 7 Working days |
| Do They Check Your Credit? | No | Yes |
| Current Account Switch Service | No | Yes |
OakNorth vs Unity Trust Features & Account Types
| OakNorth | Unity Trust | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | No | No |
| 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 | Mastercard | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | No |
| In Person/Branch Banking | No | No |
| Branch Locations | None, online and phone only | No own branches but can use NatWest, RBS or Ulster Bank locations |
OakNorth vs Unity Trust Customer Support Options
| OakNorth | Unity Trust | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | No |
| Web Based Support | Yes | Yes |
| In person Customer Support | No | No |
OakNorth vs Unity Trust Foreign Currency Accounts
| OakNorth | Unity Trust | |
| US Dollar (USD) Bank Accounts | No | Yes |
| Euro (EUR) Bank Accounts | No | Yes |
| Other Currencies Available: | No |
|
Other Business Services From OakNorth and Unity Trust
| OakNorth | Unity Trust | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | No | No |
| Free Accounting Software | No | No |
OakNorth vs Unity Trust Banking Basics
| OakNorth | Unity Trust | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 629564 | 204570 |
| Website | OakNorth Website | Unity Trust Website |
Common Comparison Questions
Does OakNorth or Unity Trust 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, Unity Trust scores 4 out of 5 based 255 Trustpilot reviews. Of which 61% are 5-star and 14% are 1-star.
Does OakNorth or Unity Trust 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, Unity Trust’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 OakNorth or Unity Trust 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, Unity Trust offers Instant Access, Fixed Term accounts with interest rates ranging from 2.77% to 5.10% (AER).
See Other Comparisons:OakNorth vs United Trust Bank
OakNorth vs HSBC Kinetic
OakNorth vs CardOneMoney
OakNorth vs Fair Everywhere
OakNorth vs Countingup
For other business bank accounts see our guide here.