Is RBS (Royal Bank of Scotland) or Unity Trust better for your small business?
Below we look at both RBS (Royal Bank of Scotland) and Unity Trust 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 Unity Trust Trustpilot Reviews
| RBS (Royal Bank of Scotland) | Unity Trust | |
| Trustpilot Review Score (out of 5) | 1.3 | 4 |
| Percent 5-Star Reviews | 7% | 61% |
| Percent 1- Star Reviews | 89% | 14% |
| Total Number of Reviews | 838 | 255 |
https://www.trustpilot.com/review/www.rbs.co.uk
https://www.trustpilot.com/review/unity.co.uk
RBS (Royal Bank of Scotland) vs Unity Trust App Reviews
| RBS (Royal Bank of Scotland) | Unity Trust | |
| iPhone Review Score (out of 5) | 4.8 | No Rating |
| Number of iPhone Reviews | 106,900 | No Reviews |
| 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://www.apple.com/uk/app-store/
RBS (Royal Bank of Scotland) vs Unity Trust Account Fees & Charges
| RBS (Royal Bank of Scotland) | Unity Trust | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 24 Months | NA |
| Cheapest Monthly Account Fee | Free | £6 |
| Most Expensive Monthly Account Fee | Free | £6 |
| Electronic Payment Cost (in/out) | 35p | 14p |
| Cash Payments Cost (in/out) | 70p per £100 | 50p per £100 |
| Cheques (in/out) | 70p per item | 30p per item |
| CHAPS Payments Cost | £20 | £28 |
| SEPA Payments Cost | 45p | 25p |
RBS (Royal Bank of Scotland) vs Unity Trust Business Savings Rates
| RBS (Royal Bank of Scotland) | Unity Trust | |
| Types of Business Savings Accounts | Business reserve, Liquidity manager notice, Treasury reserve, Client deposit manager, Client account manager | Instant Access, Fixed Term |
| Lowest Savings Rate (AER) | 1.46% | 2.77% |
| Maximum Savings Rate (AER) | 4.25% | 5.10% |
| Minimum Savings Amount | No | No |
| Interest Paid On Foreign Currencies | Yes | Yes |
RBS (Royal Bank of Scotland) vs Unity Trust Account Opening Times
| RBS (Royal Bank of Scotland) | Unity Trust | |
| 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 Unity Trust Features & Account Types
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| RBS (Royal Bank of Scotland) | Unity Trust | |
| 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 | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | No |
| In Person/Branch Banking | Yes | No |
| Branch Locations | UK-wide including the ability to use some Natwest locations | No own branches but can use NatWest, RBS or Ulster Bank locations |
RBS (Royal Bank of Scotland) vs Unity Trust Customer Support Options
| RBS (Royal Bank of Scotland) | Unity Trust | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | No |
| Web Based Support | Yes | Yes |
| In person Customer Support | Yes | No |
RBS (Royal Bank of Scotland) vs Unity Trust Foreign Currency Accounts
| RBS (Royal Bank of Scotland) | Unity Trust | |
| 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 Unity Trust
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| RBS (Royal Bank of Scotland) | Unity Trust | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | Yes | No |
| Free Accounting Software | Yes | No |
RBS (Royal Bank of Scotland) vs Unity Trust Banking Basics
| RBS (Royal Bank of Scotland) | Unity Trust | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 114724 | 204570 |
| Website | RBS (Royal Bank of Scotland) Website | Unity Trust Website |
Common Comparison Questions
Does RBS (Royal Bank of Scotland) or Unity Trust 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, Unity Trust scores 4 out of 5 based 255 Trustpilot reviews. Of which 61% are 5-star and 14% are 1-star.
Does RBS (Royal Bank of Scotland) or Unity Trust 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, Unity Trust’s iPhone App is rated No Rating out of 5 based on No Reviews 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 Unity Trust 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, Unity Trust offers Instant Access, Fixed Term accounts with interest rates ranging from 2.77% to 5.10% (AER).
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For other business bank accounts see our guide here.