Is Revolut Business or Reliance Bank better for your small business?
Below we look at both Revolut Business and Reliance 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 Reliance Bank Trustpilot Reviews
| Revolut Business | Reliance Bank | |
| Trustpilot Review Score (out of 5) | 4.2 | 3.4 |
| Percent 5-Star Reviews | 75% | 25% |
| Percent 1- Star Reviews | 10% | 25% |
| Total Number of Reviews | 148,162 | 4 |
https://www.trustpilot.com/review/www.revolut.com
https://www.trustpilot.com/review/www.reliancebankltd.com
Revolut Business vs Reliance Bank App Reviews
| Revolut Business | Reliance Bank | |
| iPhone Review Score (out of 5) | 4.9 | 4.7 |
| Number of iPhone Reviews | 26,200 | 451 |
| Android Review Score (out of 5) | 4.6 | 4 |
| Number of Android Reviews | 20,300 | 144 |
https://apps.apple.com/gb/app/revolut-business/id1436969262
https://apps.apple.com/us/app/reliance-bank-mobile-banking/id1050676219
Revolut Business vs Reliance Bank Account Fees & Charges
| Revolut Business | Reliance Bank | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | No Limit | NA |
| Cheapest Monthly Account Fee | £19 | £7.50 |
| Most Expensive Monthly Account Fee | £79 | £7.50 |
| Electronic Payment Cost (in/out) | 1% + 20p | 25p |
| Cash Payments Cost (in/out) | €1 | 30p / 25p per £100 |
| Cheques (in/out) | £8 | 30p / 25p |
| CHAPS Payments Cost | £25 | £15 |
| SEPA Payments Cost | 20p | 25p |
Revolut Business vs Reliance Bank Business Savings Rates
| Revolut Business | Reliance Bank | |
| Types of Business Savings Accounts | Grow, Scale, Enterprise | Instant Access, Fixed Term, Notice Savings |
| Lowest Savings Rate (AER) | 2% | 2.15% |
| Maximum Savings Rate (AER) | 3% | 4.40% |
| Minimum Savings Amount | No | £1,000 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Revolut Business vs Reliance Bank Account Opening Times
| Revolut Business | Reliance Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 10 minutes | 7 Working days |
| Do They Check Your Credit? | No | Yes |
| Current Account Switch Service | Yes | Yes |
Revolut Business vs Reliance Bank Features & Account Types
| Revolut Business | Reliance Bank | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | No | No |
| Business Overdraft | No | Yes |
| Accounts For Startups | Yes | No |
| 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 | Yes |
| Branch Locations | None, online only | London |
Revolut Business vs Reliance Bank Customer Support Options
| Revolut Business | Reliance 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 Reliance Bank Foreign Currency Accounts
| Revolut Business | Reliance Bank | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
|
|
Other Business Services From Revolut Business and Reliance Bank
| Revolut Business | Reliance Bank | |
| Business Loans | No | Yes |
| Commercial Mortgages | No | Yes |
| Invoice Financing | No | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | Yes | No |
| Free Accounting Software | No | No |
Revolut Business vs Reliance Bank Banking Basics
| Revolut Business | Reliance Bank | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | No | Yes, up to £85,000 |
| FCA Number | 900562 | 204537 |
| Website | Revolut Business Website | Reliance Bank Website |
Common Comparison Questions
Does Revolut Business or Reliance 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, Reliance Bank scores 3.4 out of 5 based 4 Trustpilot reviews. Of which 25% are 5-star and 25% are 1-star.
Does Revolut Business or Reliance 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, Reliance Bank’s iPhone App is rated 4.7 out of 5 based on 451 reviews. And it’s Android App is rated 4 out of 5 based on 144 reviews.
Does Revolut Business or Reliance 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, Reliance Bank offers Instant Access, Fixed Term, Notice Savings accounts with interest rates ranging from 2.15% to 4.40% (AER).
See Other Comparisons:Revolut Business vs SumUp Business Account
Revolut Business vs Cambridge & Counties Bank
Revolut Business vs Recognise Bank
Revolut Business vs Dudley Building Society
Revolut Business vs MyPOS
For other business bank accounts see our guide here.