Is RBS (Royal Bank of Scotland) or Danske Bank UK better for your small business?
Below we look at both RBS (Royal Bank of Scotland) and Danske Bank 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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RBS (Royal Bank of Scotland) vs Danske Bank UK Trustpilot Reviews
| RBS (Royal Bank of Scotland) | Danske Bank UK | |
| Trustpilot Review Score (out of 5) | 1.3 | 2 |
| Percent 5-Star Reviews | 7% | 12% |
| Percent 1- Star Reviews | 89% | 71% |
| Total Number of Reviews | 838 | 24 |
https://www.trustpilot.com/review/www.rbs.co.uk
https://www.trustpilot.com/review/danskebank.co.uk
RBS (Royal Bank of Scotland) vs Danske Bank UK App Reviews
| RBS (Royal Bank of Scotland) | Danske Bank UK | |
| iPhone Review Score (out of 5) | 4.8 | 4.4 |
| Number of iPhone Reviews | 106,900 | 2,900 |
| Android Review Score (out of 5) | 4.3 | 4.4 |
| Number of Android Reviews | 81,700 | 2,890 |
https://apps.apple.com/gb/app/royal-bank-of-scotland/id334852412
https://apps.apple.com/gb/app/mobile-bank-uk-danske-bank/id1365361930
RBS (Royal Bank of Scotland) vs Danske Bank UK Account Fees & Charges
| RBS (Royal Bank of Scotland) | Danske Bank UK | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | 24 Months | 24 Months |
| Cheapest Monthly Account Fee | Free | £7 |
| Most Expensive Monthly Account Fee | Free | £48 |
| Electronic Payment Cost (in/out) | 35p | 45p |
| Cash Payments Cost (in/out) | 70p per £100 | 90p / £1.40 per £100 |
| Cheques (in/out) | 70p per item | 80p / 90p per item |
| CHAPS Payments Cost | £20 | £20 |
| SEPA Payments Cost | 45p | No |
RBS (Royal Bank of Scotland) vs Danske Bank UK Business Savings Rates
| RBS (Royal Bank of Scotland) | Danske Bank UK | |
| Types of Business Savings Accounts | Business reserve, Liquidity manager notice, Treasury reserve, Client deposit manager, Client account manager | Business Investment Account, Fixed Term Deposit |
| Lowest Savings Rate (AER) | 1.46% | 1.65% |
| Maximum Savings Rate (AER) | 4.25% | 4.60% |
| Minimum Savings Amount | No | £1 |
| Interest Paid On Foreign Currencies | Yes | Yes |
RBS (Royal Bank of Scotland) vs Danske Bank UK Account Opening Times
| RBS (Royal Bank of Scotland) | Danske Bank UK | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 5 to 7 Working days | 10 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
RBS (Royal Bank of Scotland) vs Danske Bank UK Features & Account Types
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| RBS (Royal Bank of Scotland) | Danske Bank UK | |
| 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 | Mastercard |
| 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 | Nothern Ireland oly |
RBS (Royal Bank of Scotland) vs Danske Bank UK Customer Support Options
| RBS (Royal Bank of Scotland) | Danske Bank UK | |
| 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 Danske Bank UK Foreign Currency Accounts
| RBS (Royal Bank of Scotland) | Danske Bank 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 RBS (Royal Bank of Scotland) and Danske Bank UK
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| RBS (Royal Bank of Scotland) | Danske Bank UK | |
| 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 | No |
RBS (Royal Bank of Scotland) vs Danske Bank UK Banking Basics
| RBS (Royal Bank of Scotland) | Danske Bank UK | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 114724 | 122261 |
| Website | RBS (Royal Bank of Scotland) Website | Danske Bank UK Website |
Common Comparison Questions
Does RBS (Royal Bank of Scotland) or Danske Bank UK 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, Danske Bank UK scores 2 out of 5 based 24 Trustpilot reviews. Of which 12% are 5-star and 71% are 1-star.
Does RBS (Royal Bank of Scotland) or Danske Bank UK 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, Danske Bank UK’s iPhone App is rated 4.4 out of 5 based on 2,900 reviews. And it’s Android App is rated 4.4 out of 5 based on 2,890 reviews.
Does RBS (Royal Bank of Scotland) or Danske Bank UK 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, Danske Bank UK offers Business Investment Account, Fixed Term Deposit accounts with interest rates ranging from 1.65% to 4.60% (AER).
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RBS (Royal Bank of Scotland) vs Co-operative Bank
For other business bank accounts see our guide here.