Is Saffron Building Society or Airwallex better for your small business?
Below we look at both Saffron Building Society and Airwallex 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.
Saffron Building Society vs Airwallex Trustpilot Reviews
| Saffron Building Society | Airwallex | |
| Trustpilot Review Score (out of 5) | 2.2 | 3.9 |
| Percent 5-Star Reviews | 21% | 67% |
| Percent 1- Star Reviews | 73% | 25% |
| Total Number of Reviews | 58 | 1,007 |
https://www.trustpilot.com/review/saffronbs.co.uk
https://www.trustpilot.com/review/airwallex.com
Saffron Building Society vs Airwallex App Reviews
| Saffron Building Society | Airwallex | |
| iPhone Review Score (out of 5) | 3.7 | 3.3 |
| Number of iPhone Reviews | 24 | 12 |
| Android Review Score (out of 5) | 3.7 | 2.3 |
| Number of Android Reviews | 14 | 161 |
https://apps.apple.com/gb/app/saffron-building-society/id1482290341
https://apps.apple.com/gb/app/airwallex/id1537521807
Saffron Building Society vs Airwallex Account Fees & Charges
| Saffron Building Society | Airwallex | |
| Free Business Bank Account | No | Yes |
| Free Business Account Term Length | NA | 1 month |
| Cheapest Monthly Account Fee | £10 | Free or £19/month |
| Most Expensive Monthly Account Fee | £10 | £999/month |
| Electronic Payment Cost (in/out) | Free | 20p |
| Cash Payments Cost (in/out) | Free | Free |
| Cheques (in/out) | £1.50 | Free |
| CHAPS Payments Cost | £15 | No |
| SEPA Payments Cost | 25p | $2 |
Saffron Building Society vs Airwallex Business Savings Rates
| Saffron Building Society | Airwallex | |
| Types of Business Savings Accounts | Regular Savings, Easy access, Fixed rate bonds, Notice accounts, Business/corporate accounts | None |
| Lowest Savings Rate (AER) | 1.20% | NA |
| Maximum Savings Rate (AER) | 5.75% | NA |
| Minimum Savings Amount | £1 | NA |
| Interest Paid On Foreign Currencies | No | Yes |
Saffron Building Society vs Airwallex Account Opening Times
| Saffron Building Society | Airwallex | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | Undisclosed | 15 minutes |
| Do They Check Your Credit? | Yes | No |
| Current Account Switch Service | Yes | No |
Saffron Building Society vs Airwallex Features & Account Types
| Saffron Building Society | Airwallex | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | No |
| Business Credit Card | Yes | No |
| Business Overdraft | No | No |
| Accounts For Startups | No | Yes |
| Accounts For Charities | Yes | No |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | No |
| Card Type | Mastercard | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | No |
| Branch Locations | Locations in Essex only | None, online only |
Saffron Building Society vs Airwallex Customer Support Options
| Saffron Building Society | Airwallex | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | Yes |
| Web Based Support | Yes | Yes |
| In person Customer Support | Yes | No |
Saffron Building Society vs Airwallex Foreign Currency Accounts
| Saffron Building Society | Airwallex | |
| US Dollar (USD) Bank Accounts | No | Yes |
| Euro (EUR) Bank Accounts | No | Yes |
| Other Currencies Available: | No |
|
Other Business Services From Saffron Building Society and Airwallex
| Saffron Building Society | Airwallex | |
| Business Loans | Yes | No |
| Commercial Mortgages | Yes | No |
| Invoice Financing | No | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | Yes |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Saffron Building Society vs Airwallex Banking Basics
| Saffron Building Society | Airwallex | |
| Bank Type | Building Society | Challenger |
| FSCS Protection | Yes, up to £85,000 | No |
| FCA Number | 100015 | 900876 |
| Website | Saffron Building Society Website | Airwallex Website |
Common Comparison Questions
Does Saffron Building Society or Airwallex have better customer reviews?
Saffron Building Society scores 2.2 out of 5 based 58 Trustpilot reviews. Of these reviews 21% are 5-star and 73% are 1-star.
Whereas, Airwallex scores 3.9 out of 5 based 1,007 Trustpilot reviews. Of which 67% are 5-star and 25% are 1-star.
Does Saffron Building Society or Airwallex have a better App?
Saffron Building Society’s iPhone App is rated 3.7 out of 5 based on 24 reviews. And it’s Android App is rated 3.7 out of 5 based on 14 reviews.
In comparison, Airwallex’s iPhone App is rated 3.3 out of 5 based on 12 reviews. And it’s Android App is rated 2.3 out of 5 based on 161 reviews.
Does Saffron Building Society or Airwallex have better business savings rates?
Saffron Building Society offers the following types of business savings accounts: Regular Savings, Easy access, Fixed rate bonds, Notice accounts, Business/corporate accounts with interest rates ranging from 1.20% to 5.75%. (AER)
In contrast, Airwallex offers None accounts with interest rates ranging from NA to NA (AER).
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For other business bank accounts see our guide here.