Is PayPal Debit or HSBC Kinetic better for your small business?
Below we look at both PayPal Debit 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.
PayPal Debit vs HSBC Kinetic Trustpilot Reviews
| PayPal Debit | HSBC Kinetic | |
| Trustpilot Review Score (out of 5) | 1.4 | 1.9 |
| Percent 5-Star Reviews | 20% | 0% |
| Percent 1- Star Reviews | 73% | 100% |
| Total Number of Reviews | 5,277 | 13 |
https://www.trustpilot.com/review/www.paypal.co.uk
https://www.trustpilot.com/review/hsbckinetic.co.uk
PayPal Debit vs HSBC Kinetic App Reviews
| PayPal Debit | HSBC Kinetic | |
| iPhone Review Score (out of 5) | 4.1 | 4.8 |
| Number of iPhone Reviews | 1,600 | 15,000 |
| Android Review Score (out of 5) | 3.3 | 4.7 |
| Number of Android Reviews | 91,500 | 4,000 |
https://apps.apple.com/gb/app/paypal-business/id1053148887
https://apps.apple.com/gb/app/hsbc-kinetic/id1457310350
PayPal Debit vs HSBC Kinetic Account Fees & Charges
| PayPal Debit | HSBC Kinetic | |
| Free Business Bank Account | No | Yes |
| Free Business Account Term Length | NA | 12 Months |
| Cheapest Monthly Account Fee | No | £6.50 |
| Most Expensive Monthly Account Fee | No | £6.50 |
| Electronic Payment Cost (in/out) | Free | Free |
| Cash Payments Cost (in/out) | Free | 1.10% |
| Cheques (in/out) | Free | 50p per cheque |
| CHAPS Payments Cost | No | £17 |
| SEPA Payments Cost | No | 24p |
PayPal Debit vs HSBC Kinetic Business Savings Rates
| PayPal Debit | HSBC Kinetic | |
| Types of Business Savings Accounts | None | Instant access, 30+ day, 60+ day |
| Lowest Savings Rate (AER) | NA | 1.94% |
| Maximum Savings Rate (AER) | NA | 2.02% |
| Minimum Savings Amount | NA | No |
| Interest Paid On Foreign Currencies | Yes | Yes |
PayPal Debit vs HSBC Kinetic Account Opening Times
| PayPal Debit | HSBC Kinetic | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | Few minutes | 48 hours |
| Do They Check Your Credit? | No | Yes |
| Current Account Switch Service | Yes | Yes |
PayPal Debit vs HSBC Kinetic Features & Account Types
| PayPal Debit | HSBC Kinetic | |
| Business Current Account | Yes | Yes |
| Business Savings Account | No | Yes |
| Business Credit Card | No | Yes |
| Business Overdraft | No | Yes |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | No | No |
| Accounts For Sole Traders | No | Yes |
| Joint Business Accounts Available | Yes | No |
| Card Type | Mastercard | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | No | No |
| Branch Locations | None, online only | Can use HSBC branches for some services |
PayPal Debit vs HSBC Kinetic Customer Support Options
| PayPal Debit | HSBC Kinetic | |
| Phone Support Available | No | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | Yes |
| Web Based Support | Yes | Yes |
| In person Customer Support | No | No |
PayPal Debit vs HSBC Kinetic Foreign Currency Accounts
| PayPal Debit | 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 PayPal Debit and HSBC Kinetic
| PayPal Debit | HSBC Kinetic | |
| Business Loans | No | Yes |
| Commercial Mortgages | No | No |
| Invoice Financing | No | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | Yes | No |
| Free Accounting Software | Yes | No |
PayPal Debit vs HSBC Kinetic Banking Basics
| PayPal Debit | HSBC Kinetic | |
| Bank Type | Challenger | High Street/Challenger |
| FSCS Protection | No | Yes, up to £85,000 |
| FCA Number | 742277 | 765112 |
| Website | PayPal Debit Website | HSBC Kinetic Website |
Common Comparison Questions
Does PayPal Debit or HSBC Kinetic have better customer reviews?
PayPal Debit scores 1.4 out of 5 based 5,277 Trustpilot reviews. Of these reviews 20% are 5-star and 73% 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 PayPal Debit or HSBC Kinetic have a better App?
PayPal Debit’s iPhone App is rated 4.1 out of 5 based on 1,600 reviews. And it’s Android App is rated 3.3 out of 5 based on 91,500 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 PayPal Debit or HSBC Kinetic have better business savings rates?
PayPal Debit offers the following types of business savings accounts: None with interest rates ranging from NA to NA. (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.