Is a Reliance Bank business account right for you?
Read real customer reviews below along with more information about the various banking services Reliance Bank offers to businesses.
Reliance Bank Customer Reviews
Review Summary
Recent Reviews
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Reliance Bank Reviews From Other Websites
Reliance Bank Trustpilot Reviews
| Review Score (out of 5) | Percent 5-Star Reviews | Percent 1-star Reviews | Total Number of Reviews |
|---|---|---|---|
| 3.40 | 25% | 25% | 4 |
Source: https://www.trustpilot.com/review/www.reliancebankltd.com
Reliance Bank iPhone & Android App Reviews
| App Type | Review Score (out out 5) | Total Number of Reviews |
|---|---|---|
| iPhone | 4.70 | 451 |
| Android | 4.00 | 144 |
Source:
https://apps.apple.com/us/app/reliance-bank-mobile-banking/id1050676219
https://play.google.com/store/apps/details?id=com.reliancesavingsbank.mobile&hl=en_GB&gl=US
Reliance Bank Basics
| Bank Type | Challenger |
| FSCS Protection | Yes, up to £85,000 |
| Branch Locations | London |
| Card Type | Mastercard |
| FCA Number | 204537 |
| Online Banking | Yes |
| Mobile Banking | Yes |
| In Person/Branch Banking | Yes |
Customer Support Options
| Phone Support Available | Yes |
| Email Support Available | Yes |
| Support Via Their App | Yes |
| Web Based Support | Yes |
| In person Customer Support | Yes |
Reliance Bank Business Account Types
| Business Current Account | Yes |
| Business Savings Account | Yes |
| Business Credit Card | No |
| Business Overdraft | Yes |
| Accounts For Startups | No |
| Accounts For Charities | Yes |
| Accounts For Sole Traders | Yes |
| Joint Business Accounts Available | Yes |
Opening A Reliance Bank Business Account
| Can You Apply Online? | Yes |
| How Long Does Opening An Account Typically Take? |
7 Working days |
| Do They Check Your Credit? | Yes |
| Current Account Switch Service | Yes |
Click to open a Reliance Bank Business Account
Reliance Bank Business Savings
| Types of Business Savings Accounts | Instant Access, Fixed Term, Notice Savings |
| Lowest Savings Rate (AER) | 2.15% |
| Maximum Savings Rate (AER) | 4.40% |
| 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 Reliance Bank rates
Reliance Bank Fees & Charges
| Free Business Bank Account | No |
| Free Business Account Term Length | NA |
| Cheapest Monthly Account Fee | £7.50 |
| Most Expensive Monthly Account Fee | £7.50 |
| Electronic Payment Cost (in/out) | 25p |
| Cash Payments Cost (in/out) | 30p / 25p per £100 |
| Cheques in/out | 30p / 25p |
| CHAPS Payments Cost | £15 |
| SEPA Payments Cost | 25p |
Reliance Bank Foreign Currency Accounts
| US Dollar (USD) Bank Account | Yes |
| Euro (EUR) Bank Account | Yes |
| Interest Paid On Foreign Currencies | Yes |
Other Currencies Available:
- Australian Dollar (AUD)
- Canadian Dollar (CAD)
- New Zealand Dollar (NZD)
- Singapore Dollar (SGD)
- Swiss Franc (CHF)
- Japanese Yen (JPY)
Other Reliance Bank Business Services
| Business Loans | Yes |
| Commercial Mortgages | Yes |
| Invoice Financing | No |
| International Payments | Yes |
| Merchant Services | Yes |
| Card Machines | No |
| Free Accounting Software | No |
Click to visit the Reliance Bank website
For other business bank accounts see out guide here.
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