Is PayPal Debit or United Trust Bank better for your small business?
Below we look at both PayPal Debit and United Trust 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 United Trust Bank Trustpilot Reviews
| PayPal Debit | United Trust Bank | |
| Trustpilot Review Score (out of 5) | 1.4 | 4.6 |
| Percent 5-Star Reviews | 20% | 78% |
| Percent 1- Star Reviews | 73% | 3% |
| Total Number of Reviews | 5,277 | 1,372 |
https://www.trustpilot.com/review/www.paypal.co.uk
https://www.trustpilot.com/review/utbank.co.uk
PayPal Debit vs United Trust Bank App Reviews
| PayPal Debit | United Trust Bank | |
| iPhone Review Score (out of 5) | 4.1 | 5 |
| Number of iPhone Reviews | 1,600 | 5 |
| Android Review Score (out of 5) | 3.3 | No Rating |
| Number of Android Reviews | 91,500 | No Reviews |
https://apps.apple.com/gb/app/paypal-business/id1053148887
https://apps.apple.com/us/app/united-trust-bank/id6444029400
PayPal Debit vs United Trust Bank Account Fees & Charges
| PayPal Debit | United Trust Bank | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | No | £12.50 |
| Most Expensive Monthly Account Fee | No | £25 |
| Electronic Payment Cost (in/out) | Free | Free |
| Cash Payments Cost (in/out) | Free | Free / £1.50 |
| Cheques (in/out) | Free | Free / £2.50 |
| CHAPS Payments Cost | No | £25 |
| SEPA Payments Cost | No | No |
PayPal Debit vs United Trust Bank Business Savings Rates
| PayPal Debit | United Trust Bank | |
| Types of Business Savings Accounts | None | Fixed Term Business Bonds, Notice Accounts, Tracker Accounts |
| Lowest Savings Rate (AER) | NA | 3.75% |
| Maximum Savings Rate (AER) | NA | 5.25% |
| Minimum Savings Amount | NA | £5,000 |
| Interest Paid On Foreign Currencies | Yes | Yes |
PayPal Debit vs United Trust Bank Account Opening Times
| PayPal Debit | United Trust 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 United Trust Bank Features & Account Types
| PayPal Debit | United Trust Bank | |
| Business Current Account | Yes | Yes |
| Business Savings Account | No | Yes |
| Business Credit Card | No | No |
| 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 | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | No | No |
| Branch Locations | None, online only | London office only |
PayPal Debit vs United Trust Bank Customer Support Options
| PayPal Debit | United Trust 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 | No |
PayPal Debit vs United Trust Bank Foreign Currency Accounts
| PayPal Debit | United Trust 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 United Trust Bank
| PayPal Debit | United Trust Bank | |
| 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 United Trust Bank Banking Basics
| PayPal Debit | United Trust Bank | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | No | Yes, up to £85,000 |
| FCA Number | 742277 | 204463 |
| Website | PayPal Debit Website | United Trust Bank Website |
Common Comparison Questions
Does PayPal Debit or United Trust 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, United Trust Bank scores 4.6 out of 5 based 1,372 Trustpilot reviews. Of which 78% are 5-star and 3% are 1-star.
Does PayPal Debit or United Trust 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, United Trust Bank’s iPhone App is rated 5 out of 5 based on 5 reviews. And it’s Android App is rated No Rating out of 5 based on No Reviews reviews.
Does PayPal Debit or United Trust 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, United Trust Bank offers Fixed Term Business Bonds, Notice Accounts, Tracker Accounts accounts with interest rates ranging from 3.75% to 5.25% (AER).
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For other business bank accounts see our guide here.