Is Revolut Business or Recognise Bank better for your small business?
Below we look at both Revolut Business and Recognise 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 Recognise Bank Trustpilot Reviews
| Revolut Business | Recognise Bank | |
| Trustpilot Review Score (out of 5) | 4.2 | 4.6 |
| Percent 5-Star Reviews | 75% | 77% |
| Percent 1- Star Reviews | 10% | 5% |
| Total Number of Reviews | 148,162 | 539 |
https://www.trustpilot.com/review/www.revolut.com
https://www.trustpilot.com/review/recognisebank.co.uk
Revolut Business vs Recognise Bank App Reviews
| Revolut Business | Recognise Bank | |
| iPhone Review Score (out of 5) | 4.9 | No Rating |
| Number of iPhone Reviews | 26,200 | No Reviews |
| Android Review Score (out of 5) | 4.6 | No Rating |
| Number of Android Reviews | 20,300 | No Reviews |
https://apps.apple.com/gb/app/revolut-business/id1436969262
https://www.apple.com/uk/app-store/
Revolut Business vs Recognise Bank Account Fees & Charges
| Revolut Business | Recognise Bank | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | No Limit | No Limit |
| Cheapest Monthly Account Fee | £19 | No |
| Most Expensive Monthly Account Fee | £79 | No |
| Electronic Payment Cost (in/out) | 1% + 20p | Free |
| Cash Payments Cost (in/out) | €1 | Free |
| Cheques (in/out) | £8 | Free |
| CHAPS Payments Cost | £25 | £15 |
| SEPA Payments Cost | 20p | 25p |
Revolut Business vs Recognise Bank Business Savings Rates
| Revolut Business | Recognise Bank | |
| Types of Business Savings Accounts | Grow, Scale, Enterprise | Notice account, Fixed Rate, Instant access |
| Lowest Savings Rate (AER) | 2% | 3.15% |
| Maximum Savings Rate (AER) | 3% | 4.50% |
| Minimum Savings Amount | No | £1,000 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Revolut Business vs Recognise Bank Account Opening Times
| Revolut Business | Recognise Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 10 minutes | Few minutes |
| Do They Check Your Credit? | No | Yes |
| Current Account Switch Service | Yes | No |
Revolut Business vs Recognise Bank Features & Account Types
| Revolut Business | Recognise Bank | |
| Business Current Account | Yes | No |
| Business Savings Account | Yes | Yes |
| Business Credit Card | No | No |
| Business Overdraft | No | No |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | No | No |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Visa | None |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | No |
| In Person/Branch Banking | No | No |
| Branch Locations | None, online only | None, online and phone only |
Revolut Business vs Recognise Bank Customer Support Options
| Revolut Business | Recognise Bank | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | No |
| Web Based Support | Yes | Yes |
| In person Customer Support | No | No |
Revolut Business vs Recognise Bank Foreign Currency Accounts
| Revolut Business | Recognise Bank | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
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Other Business Services From Revolut Business and Recognise Bank
| Revolut Business | Recognise Bank | |
| Business Loans | No | Yes |
| Commercial Mortgages | No | Yes |
| Invoice Financing | No | No |
| International Payments | Yes | No |
| Merchant Payment Services | Yes | No |
| Card Machines | Yes | No |
| Free Accounting Software | No | No |
Revolut Business vs Recognise Bank Banking Basics
| Revolut Business | Recognise Bank | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | No | Yes, up to £85,000 |
| FCA Number | 900562 | 849404 |
| Website | Revolut Business Website | Recognise Bank Website |
Common Comparison Questions
Does Revolut Business or Recognise 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, Recognise Bank scores 4.6 out of 5 based 539 Trustpilot reviews. Of which 77% are 5-star and 5% are 1-star.
Does Revolut Business or Recognise 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, Recognise Bank’s iPhone App is rated No Rating out of 5 based on No Reviews reviews. And it’s Android App is rated No Rating out of 5 based on No Reviews reviews.
Does Revolut Business or Recognise 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, Recognise Bank offers Notice account, Fixed Rate, Instant access accounts with interest rates ranging from 3.15% to 4.50% (AER).
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For other business bank accounts see our guide here.