Is RBS (Royal Bank of Scotland) or PayPal Debit better for your small business?
Below we look at both RBS (Royal Bank of Scotland) and PayPal Debit 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 PayPal Debit Trustpilot Reviews
| RBS (Royal Bank of Scotland) | PayPal Debit | |
| Trustpilot Review Score (out of 5) | 1.3 | 1.4 |
| Percent 5-Star Reviews | 7% | 20% |
| Percent 1- Star Reviews | 89% | 73% |
| Total Number of Reviews | 838 | 5,277 |
https://www.trustpilot.com/review/www.rbs.co.uk
https://www.trustpilot.com/review/www.paypal.co.uk
RBS (Royal Bank of Scotland) vs PayPal Debit App Reviews
| RBS (Royal Bank of Scotland) | PayPal Debit | |
| iPhone Review Score (out of 5) | 4.8 | 4.1 |
| Number of iPhone Reviews | 106,900 | 1,600 |
| Android Review Score (out of 5) | 4.3 | 3.3 |
| Number of Android Reviews | 81,700 | 91,500 |
https://apps.apple.com/gb/app/royal-bank-of-scotland/id334852412
https://apps.apple.com/gb/app/paypal-business/id1053148887
RBS (Royal Bank of Scotland) vs PayPal Debit Account Fees & Charges
| RBS (Royal Bank of Scotland) | PayPal Debit | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 24 Months | NA |
| Cheapest Monthly Account Fee | Free | No |
| Most Expensive Monthly Account Fee | Free | No |
| Electronic Payment Cost (in/out) | 35p | Free |
| Cash Payments Cost (in/out) | 70p per £100 | Free |
| Cheques (in/out) | 70p per item | Free |
| CHAPS Payments Cost | £20 | No |
| SEPA Payments Cost | 45p | No |
RBS (Royal Bank of Scotland) vs PayPal Debit Business Savings Rates
| RBS (Royal Bank of Scotland) | PayPal Debit | |
| Types of Business Savings Accounts | Business reserve, Liquidity manager notice, Treasury reserve, Client deposit manager, Client account manager | None |
| Lowest Savings Rate (AER) | 1.46% | NA |
| Maximum Savings Rate (AER) | 4.25% | NA |
| Minimum Savings Amount | No | NA |
| Interest Paid On Foreign Currencies | Yes | Yes |
RBS (Royal Bank of Scotland) vs PayPal Debit Account Opening Times
| RBS (Royal Bank of Scotland) | PayPal Debit | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 5 to 7 Working days | Few minutes |
| Do They Check Your Credit? | Yes | No |
| Current Account Switch Service | Yes | Yes |
RBS (Royal Bank of Scotland) vs PayPal Debit Features & Account Types
_F1.png)
| RBS (Royal Bank of Scotland) | PayPal Debit | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | No |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | No |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | No |
| Accounts For Sole Traders | Yes | No |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Mastercard | Mastercard |
| 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 | None, online only |
RBS (Royal Bank of Scotland) vs PayPal Debit Customer Support Options
| RBS (Royal Bank of Scotland) | PayPal Debit | |
| Phone Support Available | Yes | No |
| 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 PayPal Debit Foreign Currency Accounts
| RBS (Royal Bank of Scotland) | PayPal Debit | |
| 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 PayPal Debit
_F2.png)
| RBS (Royal Bank of Scotland) | PayPal Debit | |
| Business Loans | Yes | No |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | Yes | Yes |
| Free Accounting Software | Yes | Yes |
RBS (Royal Bank of Scotland) vs PayPal Debit Banking Basics
| RBS (Royal Bank of Scotland) | PayPal Debit | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | No |
| FCA Number | 114724 | 742277 |
| Website | RBS (Royal Bank of Scotland) Website | PayPal Debit Website |
Common Comparison Questions
Does RBS (Royal Bank of Scotland) or PayPal Debit 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, PayPal Debit scores 1.4 out of 5 based 5,277 Trustpilot reviews. Of which 20% are 5-star and 73% are 1-star.
Does RBS (Royal Bank of Scotland) or PayPal Debit 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, 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.
Does RBS (Royal Bank of Scotland) or PayPal Debit 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, PayPal Debit offers None accounts with interest rates ranging from NA to NA (AER).
See Other Comparisons:RBS (Royal Bank of Scotland) vs Allica Bank
RBS (Royal Bank of Scotland) vs Cater Allen
RBS (Royal Bank of Scotland) vs AIB (Allied Irish Bank)
RBS (Royal Bank of Scotland) vs Unity Trust
RBS (Royal Bank of Scotland) vs United Trust Bank
For other business bank accounts see our guide here.