Is RBS (Royal Bank of Scotland) or HSBC Kinetic better for your small business?
Below we look at both RBS (Royal Bank of Scotland) and HSBC Kinetic 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.
.png)
RBS (Royal Bank of Scotland) vs HSBC Kinetic Trustpilot Reviews
| RBS (Royal Bank of Scotland) | HSBC Kinetic | |
| Trustpilot Review Score (out of 5) | 1.3 | 1.9 |
| Percent 5-Star Reviews | 7% | 0% |
| Percent 1- Star Reviews | 89% | 100% |
| Total Number of Reviews | 838 | 13 |
https://www.trustpilot.com/review/www.rbs.co.uk
https://www.trustpilot.com/review/hsbckinetic.co.uk
RBS (Royal Bank of Scotland) vs HSBC Kinetic App Reviews
| RBS (Royal Bank of Scotland) | HSBC Kinetic | |
| iPhone Review Score (out of 5) | 4.8 | 4.8 |
| Number of iPhone Reviews | 106,900 | 15,000 |
| Android Review Score (out of 5) | 4.3 | 4.7 |
| Number of Android Reviews | 81,700 | 4,000 |
https://apps.apple.com/gb/app/royal-bank-of-scotland/id334852412
https://apps.apple.com/gb/app/hsbc-kinetic/id1457310350
RBS (Royal Bank of Scotland) vs HSBC Kinetic Account Fees & Charges
| RBS (Royal Bank of Scotland) | HSBC Kinetic | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | 24 Months | 12 Months |
| Cheapest Monthly Account Fee | Free | £6.50 |
| Most Expensive Monthly Account Fee | Free | £6.50 |
| Electronic Payment Cost (in/out) | 35p | Free |
| Cash Payments Cost (in/out) | 70p per £100 | 1.10% |
| Cheques (in/out) | 70p per item | 50p per cheque |
| CHAPS Payments Cost | £20 | £17 |
| SEPA Payments Cost | 45p | 24p |
RBS (Royal Bank of Scotland) vs HSBC Kinetic Business Savings Rates
| RBS (Royal Bank of Scotland) | HSBC Kinetic | |
| Types of Business Savings Accounts | Business reserve, Liquidity manager notice, Treasury reserve, Client deposit manager, Client account manager | Instant access, 30+ day, 60+ day |
| Lowest Savings Rate (AER) | 1.46% | 1.94% |
| Maximum Savings Rate (AER) | 4.25% | 2.02% |
| Minimum Savings Amount | No | No |
| Interest Paid On Foreign Currencies | Yes | Yes |
RBS (Royal Bank of Scotland) vs HSBC Kinetic Account Opening Times
| RBS (Royal Bank of Scotland) | HSBC Kinetic | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 5 to 7 Working days | 48 hours |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
RBS (Royal Bank of Scotland) vs HSBC Kinetic Features & Account Types
_F1.png)
| RBS (Royal Bank of Scotland) | HSBC Kinetic | |
| 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 | No |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | No |
| Card Type | Mastercard | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | No |
| Branch Locations | UK-wide including the ability to use some Natwest locations | Can use HSBC branches for some services |
RBS (Royal Bank of Scotland) vs HSBC Kinetic Customer Support Options
| RBS (Royal Bank of Scotland) | HSBC Kinetic | |
| 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 | No |
RBS (Royal Bank of Scotland) vs HSBC Kinetic Foreign Currency Accounts
| RBS (Royal Bank of Scotland) | HSBC Kinetic | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
|
|
Other Business Services From RBS (Royal Bank of Scotland) and HSBC Kinetic
_F2.png)
| RBS (Royal Bank of Scotland) | HSBC Kinetic | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | Yes | No |
| Free Accounting Software | Yes | No |
RBS (Royal Bank of Scotland) vs HSBC Kinetic Banking Basics
| RBS (Royal Bank of Scotland) | HSBC Kinetic | |
| Bank Type | High Street | High Street/Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 114724 | 765112 |
| Website | RBS (Royal Bank of Scotland) Website | HSBC Kinetic Website |
Common Comparison Questions
Does RBS (Royal Bank of Scotland) or HSBC Kinetic 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, HSBC Kinetic scores 1.9 out of 5 based 13 Trustpilot reviews. Of which 0% are 5-star and 100% are 1-star.
Does RBS (Royal Bank of Scotland) or HSBC Kinetic 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, HSBC Kinetic’s iPhone App is rated 4.8 out of 5 based on 15,000 reviews. And it’s Android App is rated 4.7 out of 5 based on 4,000 reviews.
Does RBS (Royal Bank of Scotland) or HSBC Kinetic 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, HSBC Kinetic offers Instant access, 30+ day, 60+ day accounts with interest rates ranging from 1.94% to 2.02% (AER).
See Other Comparisons:RBS (Royal Bank of Scotland) vs CardOneMoney
RBS (Royal Bank of Scotland) vs Fair Everywhere
RBS (Royal Bank of Scotland) vs Countingup
RBS (Royal Bank of Scotland) vs State Bank of India (UK)
RBS (Royal Bank of Scotland) vs Charity Bank
For other business bank accounts see our guide here.