Is RBS (Royal Bank of Scotland) or State Bank of India (UK) better for your small business?
Below we look at both RBS (Royal Bank of Scotland) and State Bank of India (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 State Bank of India (UK) Trustpilot Reviews
| RBS (Royal Bank of Scotland) | State Bank of India (UK) | |
| Trustpilot Review Score (out of 5) | 1.3 | 3.7 |
| Percent 5-Star Reviews | 7% | 33% |
| Percent 1- Star Reviews | 89% | 34% |
| Total Number of Reviews | 838 | 3 |
https://www.trustpilot.com/review/www.rbs.co.uk
https://www.trustpilot.com/review/sbiuk.statebank
RBS (Royal Bank of Scotland) vs State Bank of India (UK) App Reviews
| RBS (Royal Bank of Scotland) | State Bank of India (UK) | |
| iPhone Review Score (out of 5) | 4.8 | 2.4 |
| Number of iPhone Reviews | 106,900 | 253 |
| Android Review Score (out of 5) | 4.3 | 1.7 |
| Number of Android Reviews | 81,700 | 1,640 |
https://apps.apple.com/gb/app/royal-bank-of-scotland/id334852412
https://apps.apple.com/gb/app/yono-sbi-uk/id1454780358
RBS (Royal Bank of Scotland) vs State Bank of India (UK) Account Fees & Charges
| RBS (Royal Bank of Scotland) | State Bank of India (UK) | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 24 Months | NA |
| Cheapest Monthly Account Fee | Free | £80 |
| Most Expensive Monthly Account Fee | Free | £120 |
| Electronic Payment Cost (in/out) | 35p | Free |
| Cash Payments Cost (in/out) | 70p per £100 | £3 / Free |
| Cheques (in/out) | 70p per item | £10.00 per cheque |
| CHAPS Payments Cost | £20 | £25 |
| SEPA Payments Cost | 45p | £25 |
RBS (Royal Bank of Scotland) vs State Bank of India (UK) Business Savings Rates
| RBS (Royal Bank of Scotland) | State Bank of India (UK) | |
| Types of Business Savings Accounts | Business reserve, Liquidity manager notice, Treasury reserve, Client deposit manager, Client account manager | Instant Access, Notice Savings, Fixed Deposit, Limited Access |
| Lowest Savings Rate (AER) | 1.46% | 1.95% |
| Maximum Savings Rate (AER) | 4.25% | 5.00% |
| Minimum Savings Amount | No | £1 |
| Interest Paid On Foreign Currencies | Yes | Yes |
RBS (Royal Bank of Scotland) vs State Bank of India (UK) Account Opening Times
| RBS (Royal Bank of Scotland) | State Bank of India (UK) | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 5 to 7 Working days | 3 to 4 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
RBS (Royal Bank of Scotland) vs State Bank of India (UK) Features & Account Types
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| RBS (Royal Bank of Scotland) | State Bank of India (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 | Limited locations in London and Midlands |
RBS (Royal Bank of Scotland) vs State Bank of India (UK) Customer Support Options
| RBS (Royal Bank of Scotland) | State Bank of India (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 State Bank of India (UK) Foreign Currency Accounts
| RBS (Royal Bank of Scotland) | State Bank of India (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 State Bank of India (UK)
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| RBS (Royal Bank of Scotland) | State Bank of India (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 State Bank of India (UK) Banking Basics
| RBS (Royal Bank of Scotland) | State Bank of India (UK) | |
| Bank Type | High Street | Foreign Bank |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 114724 | 757156 |
| Website | RBS (Royal Bank of Scotland) Website | State Bank of India (UK) Website |
Common Comparison Questions
Does RBS (Royal Bank of Scotland) or State Bank of India (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, State Bank of India (UK) scores 3.7 out of 5 based 3 Trustpilot reviews. Of which 33% are 5-star and 34% are 1-star.
Does RBS (Royal Bank of Scotland) or State Bank of India (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, State Bank of India (UK)’s iPhone App is rated 2.4 out of 5 based on 253 reviews. And it’s Android App is rated 1.7 out of 5 based on 1,640 reviews.
Does RBS (Royal Bank of Scotland) or State Bank of India (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, State Bank of India (UK) offers Instant Access, Notice Savings, Fixed Deposit, Limited Access accounts with interest rates ranging from 1.95% to 5.00% (AER).
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For other business bank accounts see our guide here.