Is RBS (Royal Bank of Scotland) or ICICI Bank UK better for your small business?
Below we look at both RBS (Royal Bank of Scotland) and ICICI 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 ICICI Bank UK Trustpilot Reviews
| RBS (Royal Bank of Scotland) | ICICI Bank UK | |
| Trustpilot Review Score (out of 5) | 1.3 | 2.7 |
| Percent 5-Star Reviews | 7% | 18% |
| Percent 1- Star Reviews | 89% | 74% |
| Total Number of Reviews | 838 | 23 |
https://www.trustpilot.com/review/www.rbs.co.uk
https://www.trustpilot.com/review/www.icicibank.co.uk
RBS (Royal Bank of Scotland) vs ICICI Bank UK App Reviews
| RBS (Royal Bank of Scotland) | ICICI Bank UK | |
| iPhone Review Score (out of 5) | 4.8 | 2.7 |
| Number of iPhone Reviews | 106,900 | 237 |
| Android Review Score (out of 5) | 4.3 | 4 |
| Number of Android Reviews | 81,700 | 684 |
https://apps.apple.com/gb/app/royal-bank-of-scotland/id334852412
https://apps.apple.com/gb/app/icici-bank-uk-imobile/id1223898732
RBS (Royal Bank of Scotland) vs ICICI Bank UK Account Fees & Charges
| RBS (Royal Bank of Scotland) | ICICI Bank UK | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 24 Months | NA |
| Cheapest Monthly Account Fee | Free | £5 |
| Most Expensive Monthly Account Fee | Free | £15 |
| Electronic Payment Cost (in/out) | 35p | 25p |
| Cash Payments Cost (in/out) | 70p per £100 | £5 per £1,000 / free |
| Cheques (in/out) | 70p per item | £1 |
| CHAPS Payments Cost | £20 | £20 |
| SEPA Payments Cost | 45p | No |
RBS (Royal Bank of Scotland) vs ICICI Bank UK Business Savings Rates
| RBS (Royal Bank of Scotland) | ICICI Bank UK | |
| Types of Business Savings Accounts | Business reserve, Liquidity manager notice, Treasury reserve, Client deposit manager, Client account manager | Business Savings Account, Business Fixed Deposit |
| Lowest Savings Rate (AER) | 1.46% | 2.85% |
| Maximum Savings Rate (AER) | 4.25% | 4.50% |
| Minimum Savings Amount | No | £1 |
| Interest Paid On Foreign Currencies | Yes | Yes |
RBS (Royal Bank of Scotland) vs ICICI Bank UK Account Opening Times
| RBS (Royal Bank of Scotland) | ICICI Bank UK | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 5 to 7 Working days | 2 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
RBS (Royal Bank of Scotland) vs ICICI Bank UK Features & Account Types
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| RBS (Royal Bank of Scotland) | ICICI 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 | London, Birmingham and Manchester |
RBS (Royal Bank of Scotland) vs ICICI Bank UK Customer Support Options
| RBS (Royal Bank of Scotland) | ICICI 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 ICICI Bank UK Foreign Currency Accounts
| RBS (Royal Bank of Scotland) | ICICI 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 ICICI Bank UK
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| RBS (Royal Bank of Scotland) | ICICI Bank UK | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | No |
| Card Machines | Yes | No |
| Free Accounting Software | Yes | No |
RBS (Royal Bank of Scotland) vs ICICI Bank UK Banking Basics
| RBS (Royal Bank of Scotland) | ICICI Bank UK | |
| Bank Type | High Street | Foreign Bank |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 114724 | 223268 |
| Website | RBS (Royal Bank of Scotland) Website | ICICI Bank UK Website |
Common Comparison Questions
Does RBS (Royal Bank of Scotland) or ICICI 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, ICICI Bank UK scores 2.7 out of 5 based 23 Trustpilot reviews. Of which 18% are 5-star and 74% are 1-star.
Does RBS (Royal Bank of Scotland) or ICICI 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, ICICI Bank UK’s iPhone App is rated 2.7 out of 5 based on 237 reviews. And it’s Android App is rated 4 out of 5 based on 684 reviews.
Does RBS (Royal Bank of Scotland) or ICICI 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, ICICI Bank UK offers Business Savings Account, Business Fixed Deposit accounts with interest rates ranging from 2.85% to 4.50% (AER).
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For other business bank accounts see our guide here.