Is Santander or OakNorth better for your small business?
Below we look at both Santander and OakNorth 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 OakNorth Trustpilot Reviews
| Santander | OakNorth | |
| Trustpilot Review Score (out of 5) | 1.4 | 4.8 |
| Percent 5-Star Reviews | 8% | 84% |
| Percent 1- Star Reviews | 85% | 3% |
| Total Number of Reviews | 6,868 | 8,904 |
https://www.trustpilot.com/review/www.santander.co.uk
https://www.trustpilot.com/review/oaknorth.co.uk
Santander vs OakNorth App Reviews
| Santander | OakNorth | |
| iPhone Review Score (out of 5) | 4.8 | 4.8 |
| Number of iPhone Reviews | 1,100,000 | 1,600 |
| Android Review Score (out of 5) | 4.4 | 4.8 |
| Number of Android Reviews | 54,300 | 468 |
https://apps.apple.com/gb/app/santander-mobile-banking/id482973524
https://apps.apple.com/gb/app/oaknorth-savings/id1476387507
Santander vs OakNorth Account Fees & Charges
| Santander | OakNorth | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 18 Months | NA |
| Cheapest Monthly Account Fee | Free | £25 |
| Most Expensive Monthly Account Fee | £7.50 | £99.99 |
| Electronic Payment Cost (in/out) | Free | Free |
| Cash Payments Cost (in/out) | 70p per £100 | 70p per £100 |
| Cheques (in/out) | Unknown | £1 per cheque |
| CHAPS Payments Cost | £25 | £17 |
| SEPA Payments Cost | No | No |
Santander vs OakNorth Business Savings Rates
| Santander | OakNorth | |
| Types of Business Savings Accounts | Instant access, Business Reward Saver, Fixed Rate Business Bond, Treasurer’s Savings Account | Fixed Term, Notice Accounts, Easy Access |
| Lowest Savings Rate (AER) | 0.40% | 3.85% |
| Maximum Savings Rate (AER) | 3.60% | 3.85% |
| Minimum Savings Amount | £1 | £10,000 |
| Interest Paid On Foreign Currencies | Yes | No |
Santander vs OakNorth Account Opening Times
| Santander | OakNorth | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | Few minutes | Few minutes |
| Do They Check Your Credit? | Yes | No |
| Current Account Switch Service | Yes | No |
Santander vs OakNorth Features & Account Types
| Santander | OakNorth | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | No |
| 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 | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | No |
| Branch Locations | UK-wide | None, online and phone only |
Santander vs OakNorth Customer Support Options
| Santander | OakNorth | |
| 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 |
Santander vs OakNorth Foreign Currency Accounts
| Santander | OakNorth | |
| US Dollar (USD) Bank Accounts | Yes | No |
| Euro (EUR) Bank Accounts | Yes | No |
| Other Currencies Available: |
| No |
Other Business Services From Santander and OakNorth
| Santander | OakNorth | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | Yes | No |
| Free Accounting Software | Yes | No |
Santander vs OakNorth Banking Basics
| Santander | OakNorth | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 106054 | 629564 |
| Website | Santander Website | OakNorth Website |
Common Comparison Questions
Does Santander or OakNorth 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, OakNorth scores 4.8 out of 5 based 8,904 Trustpilot reviews. Of which 84% are 5-star and 3% are 1-star.
Does Santander or OakNorth 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, OakNorth’s iPhone App is rated 4.8 out of 5 based on 1,600 reviews. And it’s Android App is rated 4.8 out of 5 based on 468 reviews.
Does Santander or OakNorth 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, OakNorth offers Fixed Term, Notice Accounts, Easy Access accounts with interest rates ranging from 3.85% to 3.85% (AER).
See Other Comparisons:Santander vs Airwallex
Santander vs Triodos Bank
Santander vs Soldo
Santander vs Cambridge Building Society
Santander vs PayPal Debit
For other business bank accounts see our guide here.