Is Santander or Bank of Scotland better for your small business?
Below we look at both Santander and Bank of Scotland 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.
Santander vs Bank of Scotland Trustpilot Reviews
| Santander | Bank of Scotland | |
| Trustpilot Review Score (out of 5) | 1.4 | 1.6 |
| Percent 5-Star Reviews | 8% | 12% |
| Percent 1- Star Reviews | 85% | 80% |
| Total Number of Reviews | 6,868 | 649 |
https://www.trustpilot.com/review/www.santander.co.uk
https://www.trustpilot.com/review/www.bankofscotland.co.uk
Santander vs Bank of Scotland App Reviews
| Santander | Bank of Scotland | |
| iPhone Review Score (out of 5) | 4.8 | 4.8 |
| Number of iPhone Reviews | 1,100,000 | 269,400 |
| Android Review Score (out of 5) | 4.4 | 4.5 |
| Number of Android Reviews | 54,300 | 44,100 |
https://apps.apple.com/gb/app/santander-mobile-banking/id482973524
https://apps.apple.com/gb/app/bank-of-scotland-mobile-bank/id485728109
Santander vs Bank of Scotland Account Fees & Charges
| Santander | Bank of Scotland | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | 18 Months | 12 Months |
| Cheapest Monthly Account Fee | Free | £8.50 |
| Most Expensive Monthly Account Fee | £7.50 | £8.50 |
| Electronic Payment Cost (in/out) | Free | Free / 20p |
| Cash Payments Cost (in/out) | 70p per £100 | £85p / £1.50 per £100 |
| Cheques (in/out) | Unknown | 85p per cheque |
| CHAPS Payments Cost | £25 | £30 |
| SEPA Payments Cost | No | £5 |
Santander vs Bank of Scotland Business Savings Rates
| Santander | Bank of Scotland | |
| Types of Business Savings Accounts | Instant access, Business Reward Saver, Fixed Rate Business Bond, Treasurer’s Savings Account | Fixed Term Deposit, Notice Accounts, Instant Access Account |
| Lowest Savings Rate (AER) | 0.40% | 1.31% |
| Maximum Savings Rate (AER) | 3.60% | 4.37% |
| Minimum Savings Amount | £1 | £1 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Santander vs Bank of Scotland Account Opening Times
| Santander | Bank of Scotland | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | Few minutes | 7 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Santander vs Bank of Scotland Features & Account Types
| Santander | Bank of Scotland | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | Yes |
| Business Overdraft | Yes | Yes |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | Yes |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Mastercard | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | Yes |
| Branch Locations | UK-wide | Scotland only |
Santander vs Bank of Scotland Customer Support Options
| Santander | Bank of Scotland | |
| 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 | Yes |
Santander vs Bank of Scotland Foreign Currency Accounts
| Santander | Bank of Scotland | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
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Other Business Services From Santander and Bank of Scotland
| Santander | Bank of Scotland | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | Yes | Yes |
| Free Accounting Software | Yes | Yes |
Santander vs Bank of Scotland Banking Basics
| Santander | Bank of Scotland | |
| Bank Type | High Street | High Street |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 106054 | 169628 |
| Website | Santander Website | Bank of Scotland Website |
Common Comparison Questions
Does Santander or Bank of Scotland have better customer reviews?
Santander scores 1.4 out of 5 based 6,868 Trustpilot reviews. Of these reviews 8% are 5-star and 85% are 1-star.
Whereas, Bank of Scotland scores 1.6 out of 5 based 649 Trustpilot reviews. Of which 12% are 5-star and 80% are 1-star.
Does Santander or Bank of Scotland have a better App?
Santander’s iPhone App is rated 4.8 out of 5 based on 1,100,000 reviews. And it’s Android App is rated 4.4 out of 5 based on 54,300 reviews.
In comparison, Bank of Scotland’s iPhone App is rated 4.8 out of 5 based on 269,400 reviews. And it’s Android App is rated 4.5 out of 5 based on 44,100 reviews.
Does Santander or Bank of Scotland have better business savings rates?
Santander offers the following types of business savings accounts: Instant access, Business Reward Saver, Fixed Rate Business Bond, Treasurer’s Savings Account with interest rates ranging from 0.40% to 3.60%. (AER)
In contrast, Bank of Scotland offers Fixed Term Deposit, Notice Accounts, Instant Access Account accounts with interest rates ranging from 1.31% to 4.37% (AER).
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Santander vs RBS (Royal Bank of Scotland)
For other business bank accounts see our guide here.