Is PayPal Debit or ICICI Bank UK better for your small business?
Below we look at both PayPal Debit and ICICI Bank UK 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 ICICI Bank UK Trustpilot Reviews
| PayPal Debit | ICICI Bank UK | |
| Trustpilot Review Score (out of 5) | 1.4 | 2.7 |
| Percent 5-Star Reviews | 20% | 18% |
| Percent 1- Star Reviews | 73% | 74% |
| Total Number of Reviews | 5,277 | 23 |
https://www.trustpilot.com/review/www.paypal.co.uk
https://www.trustpilot.com/review/www.icicibank.co.uk
PayPal Debit vs ICICI Bank UK App Reviews
| PayPal Debit | ICICI Bank UK | |
| iPhone Review Score (out of 5) | 4.1 | 2.7 |
| Number of iPhone Reviews | 1,600 | 237 |
| Android Review Score (out of 5) | 3.3 | 4 |
| Number of Android Reviews | 91,500 | 684 |
https://apps.apple.com/gb/app/paypal-business/id1053148887
https://apps.apple.com/gb/app/icici-bank-uk-imobile/id1223898732
PayPal Debit vs ICICI Bank UK Account Fees & Charges
| PayPal Debit | ICICI Bank UK | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | No | £5 |
| Most Expensive Monthly Account Fee | No | £15 |
| Electronic Payment Cost (in/out) | Free | 25p |
| Cash Payments Cost (in/out) | Free | £5 per £1,000 / free |
| Cheques (in/out) | Free | £1 |
| CHAPS Payments Cost | No | £20 |
| SEPA Payments Cost | No | No |
PayPal Debit vs ICICI Bank UK Business Savings Rates
| PayPal Debit | ICICI Bank UK | |
| Types of Business Savings Accounts | None | Business Savings Account, Business Fixed Deposit |
| Lowest Savings Rate (AER) | NA | 2.85% |
| Maximum Savings Rate (AER) | NA | 4.50% |
| Minimum Savings Amount | NA | £1 |
| Interest Paid On Foreign Currencies | Yes | Yes |
PayPal Debit vs ICICI Bank UK Account Opening Times
| PayPal Debit | ICICI Bank UK | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | Few minutes | 2 Working days |
| Do They Check Your Credit? | No | Yes |
| Current Account Switch Service | Yes | Yes |
PayPal Debit vs ICICI Bank UK Features & Account Types
| PayPal Debit | ICICI Bank UK | |
| 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 | Yes |
| Accounts For Sole Traders | No | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Mastercard | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | No | Yes |
| Branch Locations | None, online only | London, Birmingham and Manchester |
PayPal Debit vs ICICI Bank UK Customer Support Options
| PayPal Debit | ICICI Bank UK | |
| 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 | Yes |
PayPal Debit vs ICICI Bank UK Foreign Currency Accounts
| PayPal Debit | ICICI Bank UK | |
| 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 ICICI Bank UK
| PayPal Debit | ICICI Bank UK | |
| Business Loans | No | Yes |
| Commercial Mortgages | No | Yes |
| Invoice Financing | No | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | No |
| Card Machines | Yes | No |
| Free Accounting Software | Yes | No |
PayPal Debit vs ICICI Bank UK Banking Basics
| PayPal Debit | ICICI Bank UK | |
| Bank Type | Challenger | Foreign Bank |
| FSCS Protection | No | Yes, up to £85,000 |
| FCA Number | 742277 | 223268 |
| Website | PayPal Debit Website | ICICI Bank UK Website |
Common Comparison Questions
Does PayPal Debit or ICICI Bank UK 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, ICICI Bank UK scores 2.7 out of 5 based 23 Trustpilot reviews. Of which 18% are 5-star and 74% are 1-star.
Does PayPal Debit or ICICI Bank UK 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, ICICI Bank UK’s iPhone App is rated 2.7 out of 5 based on 237 reviews. And it’s Android App is rated 4 out of 5 based on 684 reviews.
Does PayPal Debit or ICICI Bank UK 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, ICICI Bank UK offers Business Savings Account, Business Fixed Deposit accounts with interest rates ranging from 2.85% to 4.50% (AER).
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For other business bank accounts see our guide here.