RBS (Royal Bank of Scotland) VS United Trust Bank: Business Banking Review & Fee Comparison

Is RBS (Royal Bank of Scotland) or United Trust Bank better for your small business?

Below we look at both RBS (Royal Bank of Scotland) and United Trust Bank 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.

RBS (Royal Bank of Scotland) vs United Trust Bank Trustpilot Reviews

	RBS (Royal Bank of Scotland)	United Trust Bank
Trustpilot Review Score (out of 5)	1.3	4.6
Percent 5-Star Reviews	7%	78%
Percent 1- Star Reviews	89%	3%
Total Number of Reviews	838	1,372

Sources:
https://www.trustpilot.com/review/www.rbs.co.uk
https://www.trustpilot.com/review/utbank.co.uk

RBS (Royal Bank of Scotland) vs United Trust Bank App Reviews

	RBS (Royal Bank of Scotland)	United Trust Bank
iPhone Review Score (out of 5)	4.8	5
Number of iPhone Reviews	106,900	5
Android Review Score (out of 5)	4.3	No Rating
Number of Android Reviews	81,700	No Reviews

Sources:
https://apps.apple.com/gb/app/royal-bank-of-scotland/id334852412
https://apps.apple.com/us/app/united-trust-bank/id6444029400

RBS (Royal Bank of Scotland) vs United Trust Bank Account Fees & Charges

	RBS (Royal Bank of Scotland)	United Trust Bank
Free Business Bank Account	Yes	No
Free Business Account Term Length	24 Months	NA
Cheapest Monthly Account Fee	Free	£12.50
Most Expensive Monthly Account Fee	Free	£25
Electronic Payment Cost (in/out)	35p	Free
Cash Payments Cost (in/out)	70p per £100	Free / £1.50
Cheques (in/out)	70p per item	Free / £2.50
CHAPS Payments Cost	£20	£25
SEPA Payments Cost	45p	No

RBS (Royal Bank of Scotland) vs United Trust Bank Business Savings Rates

	RBS (Royal Bank of Scotland)	United Trust Bank
Types of Business Savings Accounts	Business reserve, Liquidity manager notice, Treasury reserve, Client deposit manager, Client account manager	Fixed Term Business Bonds, Notice Accounts, Tracker Accounts
Lowest Savings Rate (AER)	1.46%	3.75%
Maximum Savings Rate (AER)	4.25%	5.25%
Minimum Savings Amount	No	£5,000
Interest Paid On Foreign Currencies	Yes	Yes

RBS (Royal Bank of Scotland) vs United Trust Bank Account Opening Times

	RBS (Royal Bank of Scotland)	United Trust Bank
Can You Apply Online?	Yes	Yes
How Long Does Opening An Account Typically Take?	5 to 7 Working days	7 Working days
Do They Check Your Credit?	Yes	Yes
Current Account Switch Service	Yes	Yes

RBS (Royal Bank of Scotland) vs United Trust Bank Features & Account Types

	RBS (Royal Bank of Scotland)	United Trust Bank
Business Current Account	Yes	Yes
Business Savings Account	Yes	Yes
Business Credit Card	Yes	No
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	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	London office only

RBS (Royal Bank of Scotland) vs United Trust Bank Customer Support Options

	RBS (Royal Bank of Scotland)	United Trust Bank
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 United Trust Bank Foreign Currency Accounts

	RBS (Royal Bank of Scotland)	United Trust Bank
US Dollar (USD) Bank Accounts	Yes	Yes
Euro (EUR) Bank Accounts	Yes	Yes
Other Currencies Available:	Swiss franc Japanese yen Australian dollar Canadian dollar New Zealand dollar Swedish krona	British Pound (GBP) Swiss Franc (CHF) Australian Dollar (AUD) Canadian Dollar (CAD) New Zealand Dollar (NZD) Japanese Yen (JPY) Swedish Krona (SEK) Danish Krone (DKK)

Other Business Services From RBS (Royal Bank of Scotland) and United Trust Bank

	RBS (Royal Bank of Scotland)	United Trust Bank
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 United Trust Bank Banking Basics

	RBS (Royal Bank of Scotland)	United Trust Bank
Bank Type	High Street	Challenger
FSCS Protection	Yes, up to £85,000	Yes, up to £85,000
FCA Number	114724	204463
Website	RBS (Royal Bank of Scotland) Website	United Trust Bank Website

Common Comparison Questions

Does RBS (Royal Bank of Scotland) or United Trust Bank 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, United Trust Bank scores 4.6 out of 5 based 1,372 Trustpilot reviews. Of which 78% are 5-star and 3% are 1-star.

Does RBS (Royal Bank of Scotland) or United Trust Bank 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, United Trust Bank’s iPhone App is rated 5 out of 5 based on 5 reviews. And it’s Android App is rated No Rating out of 5 based on No Reviews reviews.

Does RBS (Royal Bank of Scotland) or United Trust Bank 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, United Trust Bank offers Fixed Term Business Bonds, Notice Accounts, Tracker Accounts accounts with interest rates ranging from 3.75% to 5.25% (AER).

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For other business bank accounts see our guide here.