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PayPal Debit VS State Bank of India (UK): Business Banking Review & Fee Comparison


By: Ian Wright | Last Updated: May 22, 2025

Is PayPal Debit or State Bank of India (UK) better for your small business?



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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.

PayPal Debit Homepage
PayPal Debit Homepage


State Bank of India (UK) Homepage
State Bank of India (UK) Homepage
 

PayPal Debit vs State Bank of India (UK) Trustpilot Reviews

PayPal DebitState Bank of India (UK)
Trustpilot Review Score (out of 5)1.43.7
Percent 5-Star Reviews20%33%
Percent 1- Star Reviews73%34%
Total Number of Reviews5,2773
Sources:
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 DebitState Bank of India (UK)
iPhone Review Score (out of 5)4.12.4
Number of iPhone Reviews1,600253
Android Review Score (out of 5)3.31.7
Number of Android Reviews91,5001,640
Sources:
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 DebitState Bank of India (UK)
Free Business Bank AccountNoNo
Free Business Account Term LengthNANA
Cheapest Monthly Account FeeNo£80
Most Expensive Monthly Account FeeNo£120
Electronic Payment Cost (in/out)FreeFree
Cash Payments Cost (in/out)Free£3 / Free
Cheques (in/out)Free£10.00 per cheque
CHAPS Payments CostNo£25
SEPA Payments CostNo£25

PayPal Debit vs State Bank of India (UK) Business Savings Rates

PayPal DebitState Bank of India (UK)
Types of Business Savings AccountsNoneInstant Access, Notice Savings, Fixed Deposit, Limited Access
Lowest Savings Rate (AER)NA1.95%
Maximum Savings Rate (AER)NA5.00%
Minimum Savings AmountNA£1
Interest Paid On Foreign CurrenciesYesYes
 

PayPal Debit vs State Bank of India (UK) Account Opening Times

PayPal DebitState Bank of India (UK)
Can You Apply Online?YesYes
How Long Does Opening An
Account Typically Take?
Few minutes3 to 4 Working days
Do They Check Your Credit?NoYes
Current Account Switch ServiceYesYes

PayPal Debit vs State Bank of India (UK) Features & Account Types

PayPal Debit Account Types
PayPal Debit Features & Account Types


State Bank of India (UK) Account Types
State Bank of India (UK) Features & Account Types


PayPal DebitState Bank of India (UK)
Business Current AccountYesYes
Business Savings AccountNoYes
Business Credit CardNoYes
Business OverdraftNoYes
Accounts For StartupsYesYes
Accounts For CharitiesNoYes
Accounts For Sole TradersNoYes
Joint Business Accounts AvailableYesYes
Card TypeMastercardMastercard
Online BankingYesYes
Mobile BankingYesYes
In Person/Branch BankingNoYes
Branch LocationsNone, online onlyLimited locations in London and Midlands

PayPal Debit vs State Bank of India (UK) Customer Support Options

PayPal DebitState Bank of India (UK)
Phone Support AvailableNoYes
Email Support AvailableYesYes
App Based Support YesYes
Web Based SupportYesYes
In person Customer SupportNoYes

PayPal Debit vs State Bank of India (UK) Foreign Currency Accounts

PayPal DebitState Bank of India (UK)
US Dollar (USD) Bank AccountsYesYes
Euro (EUR) Bank AccountsYesYes
Other Currencies Available:
  • AUD – Australian dollar
  • BRL – Brazilian real
  • CAD – Canadian dollar
  • CHF – Swiss franc
  • CNY – Chinese yuan
  • EUR – Euro
  • GBP – British pound sterling
  • HKD – Hong Kong dollar
  • INR – Indian rupee
  • JPY – Japanese yen
  • KRW – South Korean won
  • MXN – Mexican peso
  • NZD – New Zealand dollar
  • PHP – Philippine peso
  • PLN – Polish zloty
  • RUB – Russian ruble
  • SGD – Singapore dollar
  • USD – United States dollar
  • ZAR – South African rand
  • Indian Rupee (INR)
  • Australian Dollar (AUD)
  • Singapore Dollar (SGD)
  • Hong Kong Dollar (HKD)
  • Swiss Franc (CHF)
  • Canadian Dollar (CAD)
  • New Zealand Dollar (NZD)
  • Malaysian Ringgit (MYR)

Other Business Services From PayPal Debit and State Bank of India (UK)

PayPal Debit Account Types
Other PayPal Debit Services


State Bank of India (UK) Account Types
Other State Bank of India (UK) Services


PayPal DebitState Bank of India (UK)
Business LoansNoYes
Commercial MortgagesNoYes
Invoice FinancingNoYes
International PaymentsYesYes
Merchant Payment ServicesYesNo
Card MachinesYesNo
Free Accounting SoftwareYesNo

PayPal Debit vs State Bank of India (UK) Banking Basics

PayPal DebitState Bank of India (UK)
Bank TypeChallengerForeign Bank
FSCS ProtectionNoYes, up to £85,000
FCA Number742277757156
WebsitePayPal Debit WebsiteState 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).

See Other Comparisons:
PayPal Debit vs Charity Bank
PayPal Debit vs Cumberland Building Society
PayPal Debit vs Redwood Bank
PayPal Debit vs Amaiz
PayPal Debit vs ICICI Bank UK


For other business bank accounts see our guide here.

 



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We do not provide merchant services nor can we recommend which solution is right for you and your business.
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