Is Revolut Business or OakNorth better for your small business?
Below we look at both Revolut Business and OakNorth 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 OakNorth Trustpilot Reviews
| Revolut Business | OakNorth | |
| Trustpilot Review Score (out of 5) | 4.2 | 4.8 |
| Percent 5-Star Reviews | 75% | 84% |
| Percent 1- Star Reviews | 10% | 3% |
| Total Number of Reviews | 148,162 | 8,904 |
https://www.trustpilot.com/review/www.revolut.com
https://www.trustpilot.com/review/oaknorth.co.uk
Revolut Business vs OakNorth App Reviews
| Revolut Business | OakNorth | |
| iPhone Review Score (out of 5) | 4.9 | 4.8 |
| Number of iPhone Reviews | 26,200 | 1,600 |
| Android Review Score (out of 5) | 4.6 | 4.8 |
| Number of Android Reviews | 20,300 | 468 |
https://apps.apple.com/gb/app/revolut-business/id1436969262
https://apps.apple.com/gb/app/oaknorth-savings/id1476387507
Revolut Business vs OakNorth Account Fees & Charges
| Revolut Business | OakNorth | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | No Limit | NA |
| Cheapest Monthly Account Fee | £19 | £25 |
| Most Expensive Monthly Account Fee | £79 | £99.99 |
| Electronic Payment Cost (in/out) | 1% + 20p | Free |
| Cash Payments Cost (in/out) | €1 | 70p per £100 |
| Cheques (in/out) | £8 | £1 per cheque |
| CHAPS Payments Cost | £25 | £17 |
| SEPA Payments Cost | 20p | No |
Revolut Business vs OakNorth Business Savings Rates
| Revolut Business | OakNorth | |
| Types of Business Savings Accounts | Grow, Scale, Enterprise | Fixed Term, Notice Accounts, Easy Access |
| Lowest Savings Rate (AER) | 2% | 3.85% |
| Maximum Savings Rate (AER) | 3% | 3.85% |
| Minimum Savings Amount | No | £10,000 |
| Interest Paid On Foreign Currencies | Yes | No |
Revolut Business vs OakNorth Account Opening Times
| Revolut Business | OakNorth | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 10 minutes | Few minutes |
| Do They Check Your Credit? | No | No |
| Current Account Switch Service | Yes | No |
Revolut Business vs OakNorth Features & Account Types
| Revolut Business | OakNorth | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | No | No |
| 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 | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | No | No |
| Branch Locations | None, online only | None, online and phone only |
Revolut Business vs OakNorth Customer Support Options
| Revolut Business | OakNorth | |
| 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 | No |
Revolut Business vs OakNorth Foreign Currency Accounts
| Revolut Business | OakNorth | |
| US Dollar (USD) Bank Accounts | Yes | No |
| Euro (EUR) Bank Accounts | Yes | No |
| Other Currencies Available: |
| No |
Other Business Services From Revolut Business and OakNorth
| Revolut Business | OakNorth | |
| 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 | No |
Revolut Business vs OakNorth Banking Basics
| Revolut Business | OakNorth | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | No | Yes, up to £85,000 |
| FCA Number | 900562 | 629564 |
| Website | Revolut Business Website | OakNorth Website |
Common Comparison Questions
Does Revolut Business or OakNorth 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, OakNorth scores 4.8 out of 5 based 8,904 Trustpilot reviews. Of which 84% are 5-star and 3% are 1-star.
Does Revolut Business or OakNorth 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, OakNorth’s iPhone App is rated 4.8 out of 5 based on 1,600 reviews. And it’s Android App is rated 4.8 out of 5 based on 468 reviews.
Does Revolut Business or OakNorth 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, OakNorth offers Fixed Term, Notice Accounts, Easy Access accounts with interest rates ranging from 3.85% to 3.85% (AER).
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For other business bank accounts see our guide here.