Is Revolut Business or Co-operative Bank better for your small business?
Below we look at both Revolut Business and Co-operative 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.
Revolut Business vs Co-operative Bank Trustpilot Reviews
| Revolut Business | Co-operative Bank | |
| Trustpilot Review Score (out of 5) | 4.2 | 4.2 |
| Percent 5-Star Reviews | 75% | 51% |
| Percent 1- Star Reviews | 10% | 39% |
| Total Number of Reviews | 148,162 | 7,699 |
https://www.trustpilot.com/review/www.revolut.com
https://www.trustpilot.com/review/co-operativebank.co.uk
Revolut Business vs Co-operative Bank App Reviews
| Revolut Business | Co-operative Bank | |
| iPhone Review Score (out of 5) | 4.9 | 4.7 |
| Number of iPhone Reviews | 26,200 | 47,800 |
| Android Review Score (out of 5) | 4.6 | 4.3 |
| Number of Android Reviews | 20,300 | 33,000 |
https://apps.apple.com/gb/app/revolut-business/id1436969262
https://apps.apple.com/gb/app/co-operative-bank/id1439204021
Revolut Business vs Co-operative Bank Account Fees & Charges
| Revolut Business | Co-operative Bank | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | No Limit | 30 Months |
| Cheapest Monthly Account Fee | £19 | Free |
| Most Expensive Monthly Account Fee | £79 | Free |
| Electronic Payment Cost (in/out) | 1% + 20p | Free |
| Cash Payments Cost (in/out) | €1 | £1.50 per £100 |
| Cheques (in/out) | £8 | £1.50 |
| CHAPS Payments Cost | £25 | £25 |
| SEPA Payments Cost | 20p | No |
Revolut Business vs Co-operative Bank Business Savings Rates
| Revolut Business | Co-operative Bank | |
| Types of Business Savings Accounts | Grow, Scale, Enterprise | Instant access, 35+ day, 95+ day |
| Lowest Savings Rate (AER) | 2% | 1.63% |
| Maximum Savings Rate (AER) | 3% | 2.51% |
| Minimum Savings Amount | No | No |
| Interest Paid On Foreign Currencies | Yes | No |
Revolut Business vs Co-operative Bank Account Opening Times
| Revolut Business | Co-operative Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 10 minutes | 5 Working days |
| Do They Check Your Credit? | No | Yes |
| Current Account Switch Service | Yes | Yes |
Revolut Business vs Co-operative Bank Features & Account Types
| Revolut Business | Co-operative Bank | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | No | Yes |
| Business Overdraft | No | Yes |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | No | Yes |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Visa | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | No | Yes |
| Branch Locations | None, online only | Limited locations accross the UK |
Revolut Business vs Co-operative Bank Customer Support Options
| Revolut Business | Co-operative 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 | No | Yes |
Revolut Business vs Co-operative Bank Foreign Currency Accounts
| Revolut Business | Co-operative Bank | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
| No |
Other Business Services From Revolut Business and Co-operative Bank
| Revolut Business | Co-operative Bank | |
| Business Loans | No | Yes |
| Commercial Mortgages | No | Yes |
| Invoice Financing | No | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | Yes | No |
| Free Accounting Software | No | Yes |
Revolut Business vs Co-operative Bank Banking Basics
| Revolut Business | Co-operative Bank | |
| Bank Type | Challenger | High Street |
| FSCS Protection | No | Yes, up to £85,000 |
| FCA Number | 900562 | 990937 |
| Website | Revolut Business Website | Co-operative Bank Website |
Common Comparison Questions
Does Revolut Business or Co-operative Bank have better customer reviews?
Revolut Business scores 4.2 out of 5 based 148,162 Trustpilot reviews. Of these reviews 75% are 5-star and 10% are 1-star.
Whereas, Co-operative Bank scores 4.2 out of 5 based 7,699 Trustpilot reviews. Of which 51% are 5-star and 39% are 1-star.
Does Revolut Business or Co-operative Bank have a better App?
Revolut Business’s iPhone App is rated 4.9 out of 5 based on 26,200 reviews. And it’s Android App is rated 4.6 out of 5 based on 20,300 reviews.
In comparison, Co-operative Bank’s iPhone App is rated 4.7 out of 5 based on 47,800 reviews. And it’s Android App is rated 4.3 out of 5 based on 33,000 reviews.
Does Revolut Business or Co-operative Bank have better business savings rates?
Revolut Business offers the following types of business savings accounts: Grow, Scale, Enterprise with interest rates ranging from 2% to 3%. (AER)
In contrast, Co-operative Bank offers Instant access, 35+ day, 95+ day accounts with interest rates ranging from 1.63% to 2.51% (AER).
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For other business bank accounts see our guide here.