Is PayPal Debit or Reliance Bank better for your small business?
Below we look at both PayPal Debit and Reliance Bank 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 Reliance Bank Trustpilot Reviews
| PayPal Debit | Reliance Bank | |
| Trustpilot Review Score (out of 5) | 1.4 | 3.4 |
| Percent 5-Star Reviews | 20% | 25% |
| Percent 1- Star Reviews | 73% | 25% |
| Total Number of Reviews | 5,277 | 4 |
https://www.trustpilot.com/review/www.paypal.co.uk
https://www.trustpilot.com/review/www.reliancebankltd.com
PayPal Debit vs Reliance Bank App Reviews
| PayPal Debit | Reliance Bank | |
| iPhone Review Score (out of 5) | 4.1 | 4.7 |
| Number of iPhone Reviews | 1,600 | 451 |
| Android Review Score (out of 5) | 3.3 | 4 |
| Number of Android Reviews | 91,500 | 144 |
https://apps.apple.com/gb/app/paypal-business/id1053148887
https://apps.apple.com/us/app/reliance-bank-mobile-banking/id1050676219
PayPal Debit vs Reliance Bank Account Fees & Charges
| PayPal Debit | Reliance Bank | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | No | £7.50 |
| Most Expensive Monthly Account Fee | No | £7.50 |
| Electronic Payment Cost (in/out) | Free | 25p |
| Cash Payments Cost (in/out) | Free | 30p / 25p per £100 |
| Cheques (in/out) | Free | 30p / 25p |
| CHAPS Payments Cost | No | £15 |
| SEPA Payments Cost | No | 25p |
PayPal Debit vs Reliance Bank Business Savings Rates
| PayPal Debit | Reliance Bank | |
| Types of Business Savings Accounts | None | Instant Access, Fixed Term, Notice Savings |
| Lowest Savings Rate (AER) | NA | 2.15% |
| Maximum Savings Rate (AER) | NA | 4.40% |
| Minimum Savings Amount | NA | £1,000 |
| Interest Paid On Foreign Currencies | Yes | Yes |
PayPal Debit vs Reliance Bank Account Opening Times
| PayPal Debit | Reliance Bank | |
| 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 | Yes | Yes |
PayPal Debit vs Reliance Bank Features & Account Types
| PayPal Debit | Reliance Bank | |
| Business Current Account | Yes | Yes |
| Business Savings Account | No | Yes |
| Business Credit Card | No | No |
| Business Overdraft | No | Yes |
| Accounts For Startups | Yes | No |
| 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 |
PayPal Debit vs Reliance Bank Customer Support Options
| PayPal Debit | Reliance Bank | |
| 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 Reliance Bank Foreign Currency Accounts
| PayPal Debit | Reliance Bank | |
| 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 Reliance Bank
| PayPal Debit | Reliance Bank | |
| Business Loans | No | Yes |
| Commercial Mortgages | No | Yes |
| 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 Reliance Bank Banking Basics
| PayPal Debit | Reliance Bank | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | No | Yes, up to £85,000 |
| FCA Number | 742277 | 204537 |
| Website | PayPal Debit Website | Reliance Bank Website |
Common Comparison Questions
Does PayPal Debit or Reliance Bank 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, Reliance Bank scores 3.4 out of 5 based 4 Trustpilot reviews. Of which 25% are 5-star and 25% are 1-star.
Does PayPal Debit or Reliance Bank 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, Reliance Bank’s iPhone App is rated 4.7 out of 5 based on 451 reviews. And it’s Android App is rated 4 out of 5 based on 144 reviews.
Does PayPal Debit or Reliance Bank 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, Reliance Bank offers Instant Access, Fixed Term, Notice Savings accounts with interest rates ranging from 2.15% to 4.40% (AER).
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For other business bank accounts see our guide here.