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Recognise Bank Business Fees, Customer & App Reviews In 2025


By: Ian Wright | Last Updated: April 25, 2025

Is a Recognise Bank business account right for you?

Read real customer reviews below along with more information about the various banking services Recognise Bank offers to businesses.

Recognise Bank Customer Reviews

Review Summary

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Recognise Bank homepage

Recognise Bank Reviews From Other Websites

Recognise Bank Trustpilot Reviews

Review Score (out of 5) Percent 5-Star Reviews Percent 1-star Reviews Total Number of Reviews
4.60 77% 5% 539

Source: https://www.trustpilot.com/review/recognisebank.co.uk

Recognise Bank iPhone & Android App Reviews

App Type Review Score (out out 5) Total Number of Reviews
iPhone No Rating No Reviews
Android No Rating No Reviews

Source:

https://www.apple.com/uk/app-store/
https://play.google.com/store/apps

Recognise Bank Basics

Bank Type Challenger
FSCS Protection Yes, up to £85,000
Branch Locations None, online and phone only
Card Type None
FCA Number 849404
Online Banking Yes
Mobile Banking No
In Person/Branch Banking No

Customer Support Options

Phone Support Available Yes
Email Support Available Yes
Support Via Their App No
Web Based Support Yes
In person Customer Support No

Recognise Bank Business Account Types

Business Current Account No
Business Savings Account Yes
Business Credit Card No
Business Overdraft No
Accounts For Startups Yes
Accounts For Charities No
Accounts For Sole Traders Yes
Joint Business Accounts Available Yes

Opening A Recognise Bank Business Account

Can You Apply Online? Yes
How Long Does Opening An
Account Typically Take?
Few minutes
Do They Check Your Credit? Yes
Current Account Switch Service No

Click to open a Recognise Bank Business Account

Recognise Bank Business Savings

Types of Business Savings Accounts Notice account, Fixed Rate, Instant access
Lowest Savings Rate (AER) 3.15%
Maximum Savings Rate (AER) 4.50%
Minimum Savings Amount £1,000

Please note these numbers were accurate at the time of publication, but may have since changed. Click to here to see current Recognise Bank rates

Recognise Bank Fees & Charges

Free Business Bank Account Yes
Free Business Account Term Length No Limit
Cheapest Monthly Account Fee No
Most Expensive Monthly Account Fee No
Electronic Payment Cost (in/out) Free
Cash Payments Cost (in/out) Free
Cheques in/out Free
CHAPS Payments Cost £15
SEPA Payments Cost 25p

Recognise Bank Foreign Currency Accounts

US Dollar (USD) Bank Account Yes
Euro (EUR) Bank Account Yes
Interest Paid On Foreign Currencies Yes

Other Currencies Available:

  • CHF (Swiss Franc)
  • AUD (Australian Dollar)
  • CAD (Canadian Dollar)
  • JPY (Japanese Yen)
  • NZD (New Zealand Dollar)
  • SGD (Singapore Dollar)
  • HKD (Hong Kong Dollar)

Other Recognise Bank Business Services

Business Loans Yes
Commercial Mortgages Yes
Invoice Financing No
International Payments No
Merchant Services No
Card Machines No
Free Accounting Software No

Click to visit the Recognise Bank website

For other business bank accounts see out guide here.

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