Is Santander or Nationwide better for your small business?
Below we look at both Santander and Nationwide 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 Nationwide Trustpilot Reviews
| Santander | Nationwide | |
| Trustpilot Review Score (out of 5) | 1.4 | 1.7 |
| Percent 5-Star Reviews | 8% | 15% |
| Percent 1- Star Reviews | 85% | 75% |
| Total Number of Reviews | 6,868 | 5,509 |
https://www.trustpilot.com/review/www.santander.co.uk
https://www.trustpilot.com/review/www.nationwide.co.uk
Santander vs Nationwide App Reviews
| Santander | Nationwide | |
| iPhone Review Score (out of 5) | 4.8 | 4.8 |
| Number of iPhone Reviews | 1,100,000 | 595,000 |
| Android Review Score (out of 5) | 4.4 | 4.5 |
| Number of Android Reviews | 54,300 | 106,000 |
https://apps.apple.com/gb/app/santander-mobile-banking/id482973524
https://apps.apple.com/gb/app/nationwide-mobile-banking/id542355130
Santander vs Nationwide Account Fees & Charges
| Santander | Nationwide | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 18 Months | NA |
| Cheapest Monthly Account Fee | Free | £6.50 |
| Most Expensive Monthly Account Fee | £7.50 | £30 |
| Electronic Payment Cost (in/out) | Free | Free |
| Cash Payments Cost (in/out) | 70p per £100 | 1% |
| Cheques (in/out) | Unknown | £1.50 |
| CHAPS Payments Cost | £25 | £15 |
| SEPA Payments Cost | No | No |
Santander vs Nationwide Business Savings Rates
| Santander | Nationwide | |
| Types of Business Savings Accounts | Instant access, Business Reward Saver, Fixed Rate Business Bond, Treasurer’s Savings Account | Instant access, Limited access, Fixed rate |
| Lowest Savings Rate (AER) | 0.40% | 2.25% |
| Maximum Savings Rate (AER) | 3.60% | 6.50% |
| Minimum Savings Amount | £1 | £1 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Santander vs Nationwide Account Opening Times
| Santander | Nationwide | |
| 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 Nationwide Features & Account Types
| Santander | Nationwide | |
| 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 | UK-wide |
Santander vs Nationwide Customer Support Options
| Santander | Nationwide | |
| 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 Nationwide Foreign Currency Accounts
| Santander | Nationwide | |
| 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 Nationwide
| Santander | Nationwide | |
| Business Loans | Yes | No |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | No |
| Card Machines | Yes | No |
| Free Accounting Software | Yes | No |
Santander vs Nationwide Banking Basics
| Santander | Nationwide | |
| Bank Type | High Street | Building Society |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 106054 | 106078 |
| Website | Santander Website | Nationwide Website |
Common Comparison Questions
Does Santander or Nationwide 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, Nationwide scores 1.7 out of 5 based 5,509 Trustpilot reviews. Of which 15% are 5-star and 75% are 1-star.
Does Santander or Nationwide 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, Nationwide’s iPhone App is rated 4.8 out of 5 based on 595,000 reviews. And it’s Android App is rated 4.5 out of 5 based on 106,000 reviews.
Does Santander or Nationwide 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, Nationwide offers Instant access, Limited access, Fixed rate accounts with interest rates ranging from 2.25% to 6.50% (AER).
See Other Comparisons:Santander vs Lloyds Bank
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Santander vs Virgin Money
Santander vs Monzo
Santander vs Bank of Scotland
For other business bank accounts see our guide here.