Is Revolut Business or State Bank of India (UK) better for your small business?
Below we look at both Revolut Business and State Bank of India (UK) 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.
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Revolut Business vs State Bank of India (UK) Trustpilot Reviews
| Revolut Business | State Bank of India (UK) | |
| Trustpilot Review Score (out of 5) | 4.2 | 3.7 |
| Percent 5-Star Reviews | 75% | 33% |
| Percent 1- Star Reviews | 10% | 34% |
| Total Number of Reviews | 148,162 | 3 |
https://www.trustpilot.com/review/www.revolut.com
https://www.trustpilot.com/review/sbiuk.statebank
Revolut Business vs State Bank of India (UK) App Reviews
| Revolut Business | State Bank of India (UK) | |
| iPhone Review Score (out of 5) | 4.9 | 2.4 |
| Number of iPhone Reviews | 26,200 | 253 |
| Android Review Score (out of 5) | 4.6 | 1.7 |
| Number of Android Reviews | 20,300 | 1,640 |
https://apps.apple.com/gb/app/revolut-business/id1436969262
https://apps.apple.com/gb/app/yono-sbi-uk/id1454780358
Revolut Business vs State Bank of India (UK) Account Fees & Charges
| Revolut Business | State Bank of India (UK) | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | No Limit | NA |
| Cheapest Monthly Account Fee | £19 | £80 |
| Most Expensive Monthly Account Fee | £79 | £120 |
| Electronic Payment Cost (in/out) | 1% + 20p | Free |
| Cash Payments Cost (in/out) | €1 | £3 / Free |
| Cheques (in/out) | £8 | £10.00 per cheque |
| CHAPS Payments Cost | £25 | £25 |
| SEPA Payments Cost | 20p | £25 |
Revolut Business vs State Bank of India (UK) Business Savings Rates
| Revolut Business | State Bank of India (UK) | |
| Types of Business Savings Accounts | Grow, Scale, Enterprise | Instant Access, Notice Savings, Fixed Deposit, Limited Access |
| Lowest Savings Rate (AER) | 2% | 1.95% |
| Maximum Savings Rate (AER) | 3% | 5.00% |
| Minimum Savings Amount | No | £1 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Revolut Business vs State Bank of India (UK) Account Opening Times
| Revolut Business | State Bank of India (UK) | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 10 minutes | 3 to 4 Working days |
| Do They Check Your Credit? | No | Yes |
| Current Account Switch Service | Yes | Yes |
Revolut Business vs State Bank of India (UK) Features & Account Types
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| Revolut Business | State Bank of India (UK) | |
| 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 | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | No | Yes |
| Branch Locations | None, online only | Limited locations in London and Midlands |
Revolut Business vs State Bank of India (UK) Customer Support Options
| Revolut Business | State Bank of India (UK) | |
| 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 State Bank of India (UK) Foreign Currency Accounts
| Revolut Business | State Bank of India (UK) | |
| 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 State Bank of India (UK)
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| Revolut Business | State Bank of India (UK) | |
| Business Loans | No | Yes |
| Commercial Mortgages | No | Yes |
| Invoice Financing | No | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | No |
| Card Machines | Yes | No |
| Free Accounting Software | No | No |
Revolut Business vs State Bank of India (UK) Banking Basics
| Revolut Business | State Bank of India (UK) | |
| Bank Type | Challenger | Foreign Bank |
| FSCS Protection | No | Yes, up to £85,000 |
| FCA Number | 900562 | 757156 |
| Website | Revolut Business Website | State Bank of India (UK) Website |
Common Comparison Questions
Does Revolut Business or State Bank of India (UK) 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, State Bank of India (UK) scores 3.7 out of 5 based 3 Trustpilot reviews. Of which 33% are 5-star and 34% are 1-star.
Does Revolut Business or State Bank of India (UK) 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, State Bank of India (UK)’s iPhone App is rated 2.4 out of 5 based on 253 reviews. And it’s Android App is rated 1.7 out of 5 based on 1,640 reviews.
Does Revolut Business or State Bank of India (UK) 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, State Bank of India (UK) offers Instant Access, Notice Savings, Fixed Deposit, Limited Access accounts with interest rates ranging from 1.95% to 5.00% (AER).
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For other business bank accounts see our guide here.