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