Is a Redwood Bank business account right for you?
Read real customer reviews below along with more information about the various banking services Redwood Bank offers to businesses.
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Redwood Bank Customer Reviews
Review Summary
0.0 out of 5 stars (based on 0 reviews)
Recent Reviews
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Redwood Bank Reviews From Other Websites
Redwood Bank Trustpilot Reviews
| Review Score (out of 5) | Percent 5-Star Reviews | Percent 1-star Reviews | Total Number of Reviews |
|---|---|---|---|
| 2.90 | 46% | 39% | 13 |
Source: https://www.trustpilot.com/review/redwoodbank.co.uk
Redwood 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
Redwood Bank Basics
| Bank Type | Challenger |
| FSCS Protection | Yes, up to £85,000 |
| Branch Locations | Letchworth Garden City, and Warrington |
| Card Type | None |
| FCA Number | 755924 |
| 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 |
Redwood 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 | Yes |
| Accounts For Sole Traders | Yes |
| Joint Business Accounts Available | No |
Opening A Redwood Bank Business Account
| Can You Apply Online? | Yes |
| How Long Does Opening An Account Typically Take? |
Few minutes |
| Do They Check Your Credit? | No |
| Current Account Switch Service | No |
Click to open a Redwood Bank Business Account
Redwood Bank Business Savings
| Types of Business Savings Accounts | Fixed Term, Notice Savings |
| Lowest Savings Rate (AER) | 3.75% |
| Maximum Savings Rate (AER) | 4.70% |
| Minimum Savings Amount | £10,000 |
Please note these numbers were accurate at the time of publication, but may have since changed. Click to here to see current Redwood Bank rates
Redwood Bank Fees & Charges
| Free Business Bank Account | No |
| Free Business Account Term Length | NA |
| Cheapest Monthly Account Fee | £10 |
| Most Expensive Monthly Account Fee | £15 |
| Electronic Payment Cost (in/out) | Free |
| Cash Payments Cost (in/out) | 70p per £100 |
| Cheques in/out | £1 |
| CHAPS Payments Cost | £25 |
| SEPA Payments Cost | No |
Redwood Bank Foreign Currency Accounts
| US Dollar (USD) Bank Account | No |
| Euro (EUR) Bank Account | No |
| Interest Paid On Foreign Currencies | No |
Other Currencies Available:
No
Other Redwood Bank Business Services
| Business Loans | Yes |
| Commercial Mortgages | Yes |
| Invoice Financing | Yes |
| International Payments | Yes |
| Merchant Services | Yes |
| Card Machines | No |
| Free Accounting Software | No |
Click to visit the Redwood Bank website
For other business bank accounts see out guide here.
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