RBS (Royal Bank of Scotland) VS Co-operative Bank: Business Banking Review & Fee Comparison

Is RBS (Royal Bank of Scotland) or Co-operative Bank better for your small business?

Below we look at both RBS (Royal Bank of Scotland) and Co-operative 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.

RBS (Royal Bank of Scotland) vs Co-operative Bank Trustpilot Reviews

	RBS (Royal Bank of Scotland)	Co-operative Bank
Trustpilot Review Score (out of 5)	1.3	4.2
Percent 5-Star Reviews	7%	51%
Percent 1- Star Reviews	89%	39%
Total Number of Reviews	838	7,699

Sources:
https://www.trustpilot.com/review/www.rbs.co.uk
https://www.trustpilot.com/review/co-operativebank.co.uk

RBS (Royal Bank of Scotland) vs Co-operative Bank App Reviews

	RBS (Royal Bank of Scotland)	Co-operative Bank
iPhone Review Score (out of 5)	4.8	4.7
Number of iPhone Reviews	106,900	47,800
Android Review Score (out of 5)	4.3	4.3
Number of Android Reviews	81,700	33,000

Sources:
https://apps.apple.com/gb/app/royal-bank-of-scotland/id334852412
https://apps.apple.com/gb/app/co-operative-bank/id1439204021

RBS (Royal Bank of Scotland) vs Co-operative Bank Account Fees & Charges

	RBS (Royal Bank of Scotland)	Co-operative Bank
Free Business Bank Account	Yes	Yes
Free Business Account Term Length	24 Months	30 Months
Cheapest Monthly Account Fee	Free	Free
Most Expensive Monthly Account Fee	Free	Free
Electronic Payment Cost (in/out)	35p	Free
Cash Payments Cost (in/out)	70p per £100	£1.50 per £100
Cheques (in/out)	70p per item	£1.50
CHAPS Payments Cost	£20	£25
SEPA Payments Cost	45p	No

RBS (Royal Bank of Scotland) vs Co-operative Bank Business Savings Rates

	RBS (Royal Bank of Scotland)	Co-operative Bank
Types of Business Savings Accounts	Business reserve, Liquidity manager notice, Treasury reserve, Client deposit manager, Client account manager	Instant access, 35+ day, 95+ day
Lowest Savings Rate (AER)	1.46%	1.63%
Maximum Savings Rate (AER)	4.25%	2.51%
Minimum Savings Amount	No	No
Interest Paid On Foreign Currencies	Yes	No

RBS (Royal Bank of Scotland) vs Co-operative Bank Account Opening Times

	RBS (Royal Bank of Scotland)	Co-operative Bank
Can You Apply Online?	Yes	Yes
How Long Does Opening An Account Typically Take?	5 to 7 Working days	5 Working days
Do They Check Your Credit?	Yes	Yes
Current Account Switch Service	Yes	Yes

RBS (Royal Bank of Scotland) vs Co-operative Bank Features & Account Types

	RBS (Royal Bank of Scotland)	Co-operative Bank
Business Current Account	Yes	Yes
Business Savings Account	Yes	Yes
Business Credit Card	Yes	Yes
Business Overdraft	Yes	Yes
Accounts For Startups	Yes	Yes
Accounts For Charities	Yes	Yes
Accounts For Sole Traders	Yes	Yes
Joint Business Accounts Available	Yes	Yes
Card Type	Mastercard	Visa
Online Banking	Yes	Yes
Mobile Banking	Yes	Yes
In Person/Branch Banking	Yes	Yes
Branch Locations	UK-wide including the ability to use some Natwest locations	Limited locations accross the UK

RBS (Royal Bank of Scotland) vs Co-operative Bank Customer Support Options

	RBS (Royal Bank of Scotland)	Co-operative Bank
Phone Support Available	Yes	Yes
Email Support Available	Yes	Yes
App Based Support	Yes	Yes
Web Based Support	Yes	Yes
In person Customer Support	Yes	Yes

RBS (Royal Bank of Scotland) vs Co-operative Bank Foreign Currency Accounts

	RBS (Royal Bank of Scotland)	Co-operative Bank
US Dollar (USD) Bank Accounts	Yes	Yes
Euro (EUR) Bank Accounts	Yes	Yes
Other Currencies Available:	Swiss franc Japanese yen Australian dollar Canadian dollar New Zealand dollar Swedish krona	No

Other Business Services From RBS (Royal Bank of Scotland) and Co-operative Bank

	RBS (Royal Bank of Scotland)	Co-operative Bank
Business Loans	Yes	Yes
Commercial Mortgages	Yes	Yes
Invoice Financing	Yes	Yes
International Payments	Yes	Yes
Merchant Payment Services	Yes	Yes
Card Machines	Yes	No
Free Accounting Software	Yes	Yes

RBS (Royal Bank of Scotland) vs Co-operative Bank Banking Basics

	RBS (Royal Bank of Scotland)	Co-operative Bank
Bank Type	High Street	High Street
FSCS Protection	Yes, up to £85,000	Yes, up to £85,000
FCA Number	114724	990937
Website	RBS (Royal Bank of Scotland) Website	Co-operative Bank Website

Common Comparison Questions

Does RBS (Royal Bank of Scotland) or Co-operative Bank have better customer reviews?

RBS (Royal Bank of Scotland) scores 1.3 out of 5 based 838 Trustpilot reviews. Of these reviews 7% are 5-star and 89% are 1-star.

Whereas, Co-operative Bank scores 4.2 out of 5 based 7,699 Trustpilot reviews. Of which 51% are 5-star and 39% are 1-star.

Does RBS (Royal Bank of Scotland) or Co-operative Bank have a better App?

RBS (Royal Bank of Scotland)’s iPhone App is rated 4.8 out of 5 based on 106,900 reviews. And it’s Android App is rated 4.3 out of 5 based on 81,700 reviews.

In comparison, Co-operative Bank’s iPhone App is rated 4.7 out of 5 based on 47,800 reviews. And it’s Android App is rated 4.3 out of 5 based on 33,000 reviews.

Does RBS (Royal Bank of Scotland) or Co-operative Bank have better business savings rates?

RBS (Royal Bank of Scotland) offers the following types of business savings accounts: Business reserve, Liquidity manager notice, Treasury reserve, Client deposit manager, Client account manager with interest rates ranging from 1.46% to 4.25%. (AER)

In contrast, Co-operative Bank offers Instant access, 35+ day, 95+ day accounts with interest rates ranging from 1.63% to 2.51% (AER).

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For other business bank accounts see our guide here.