Is PayPal Debit or State Bank of India (UK) better for your small business?
Below we look at both PayPal Debit and State Bank of India (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.
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PayPal Debit vs State Bank of India (UK) Trustpilot Reviews
| PayPal Debit | State Bank of India (UK) | |
| Trustpilot Review Score (out of 5) | 1.4 | 3.7 |
| Percent 5-Star Reviews | 20% | 33% |
| Percent 1- Star Reviews | 73% | 34% |
| Total Number of Reviews | 5,277 | 3 |
https://www.trustpilot.com/review/www.paypal.co.uk
https://www.trustpilot.com/review/sbiuk.statebank
PayPal Debit vs State Bank of India (UK) App Reviews
| PayPal Debit | State Bank of India (UK) | |
| iPhone Review Score (out of 5) | 4.1 | 2.4 |
| Number of iPhone Reviews | 1,600 | 253 |
| Android Review Score (out of 5) | 3.3 | 1.7 |
| Number of Android Reviews | 91,500 | 1,640 |
https://apps.apple.com/gb/app/paypal-business/id1053148887
https://apps.apple.com/gb/app/yono-sbi-uk/id1454780358
PayPal Debit vs State Bank of India (UK) Account Fees & Charges
| PayPal Debit | State Bank of India (UK) | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | No | £80 |
| Most Expensive Monthly Account Fee | No | £120 |
| Electronic Payment Cost (in/out) | Free | Free |
| Cash Payments Cost (in/out) | Free | £3 / Free |
| Cheques (in/out) | Free | £10.00 per cheque |
| CHAPS Payments Cost | No | £25 |
| SEPA Payments Cost | No | £25 |
PayPal Debit vs State Bank of India (UK) Business Savings Rates
| PayPal Debit | State Bank of India (UK) | |
| Types of Business Savings Accounts | None | Instant Access, Notice Savings, Fixed Deposit, Limited Access |
| Lowest Savings Rate (AER) | NA | 1.95% |
| Maximum Savings Rate (AER) | NA | 5.00% |
| Minimum Savings Amount | NA | £1 |
| Interest Paid On Foreign Currencies | Yes | Yes |
PayPal Debit vs State Bank of India (UK) Account Opening Times
| PayPal Debit | State Bank of India (UK) | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | Few minutes | 3 to 4 Working days |
| Do They Check Your Credit? | No | Yes |
| Current Account Switch Service | Yes | Yes |
PayPal Debit vs State Bank of India (UK) Features & Account Types
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| PayPal Debit | State Bank of India (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 | Limited locations in London and Midlands |
PayPal Debit vs State Bank of India (UK) Customer Support Options
| PayPal Debit | State Bank of India (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 State Bank of India (UK) Foreign Currency Accounts
| PayPal Debit | State Bank of India (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 State Bank of India (UK)
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| PayPal Debit | State Bank of India (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 State Bank of India (UK) Banking Basics
| PayPal Debit | State Bank of India (UK) | |
| Bank Type | Challenger | Foreign Bank |
| FSCS Protection | No | Yes, up to £85,000 |
| FCA Number | 742277 | 757156 |
| Website | PayPal Debit Website | State Bank of India (UK) Website |
Common Comparison Questions
Does PayPal Debit or State Bank of India (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, State Bank of India (UK) scores 3.7 out of 5 based 3 Trustpilot reviews. Of which 33% are 5-star and 34% are 1-star.
Does PayPal Debit or State Bank of India (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, State Bank of India (UK)’s iPhone App is rated 2.4 out of 5 based on 253 reviews. And it’s Android App is rated 1.7 out of 5 based on 1,640 reviews.
Does PayPal Debit or State Bank of India (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, State Bank of India (UK) offers Instant Access, Notice Savings, Fixed Deposit, Limited Access accounts with interest rates ranging from 1.95% to 5.00% (AER).
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For other business bank accounts see our guide here.