Is Santander or PayPal Debit better for your small business?
Below we look at both Santander and PayPal Debit 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 PayPal Debit Trustpilot Reviews
| Santander | PayPal Debit | |
| Trustpilot Review Score (out of 5) | 1.4 | 1.4 |
| Percent 5-Star Reviews | 8% | 20% |
| Percent 1- Star Reviews | 85% | 73% |
| Total Number of Reviews | 6,868 | 5,277 |
https://www.trustpilot.com/review/www.santander.co.uk
https://www.trustpilot.com/review/www.paypal.co.uk
Santander vs PayPal Debit App Reviews
| Santander | PayPal Debit | |
| iPhone Review Score (out of 5) | 4.8 | 4.1 |
| Number of iPhone Reviews | 1,100,000 | 1,600 |
| Android Review Score (out of 5) | 4.4 | 3.3 |
| Number of Android Reviews | 54,300 | 91,500 |
https://apps.apple.com/gb/app/santander-mobile-banking/id482973524
https://apps.apple.com/gb/app/paypal-business/id1053148887
Santander vs PayPal Debit Account Fees & Charges
| Santander | PayPal Debit | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 18 Months | NA |
| Cheapest Monthly Account Fee | Free | No |
| Most Expensive Monthly Account Fee | £7.50 | No |
| Electronic Payment Cost (in/out) | Free | Free |
| Cash Payments Cost (in/out) | 70p per £100 | Free |
| Cheques (in/out) | Unknown | Free |
| CHAPS Payments Cost | £25 | No |
| SEPA Payments Cost | No | No |
Santander vs PayPal Debit Business Savings Rates
| Santander | PayPal Debit | |
| Types of Business Savings Accounts | Instant access, Business Reward Saver, Fixed Rate Business Bond, Treasurer’s Savings Account | None |
| Lowest Savings Rate (AER) | 0.40% | NA |
| Maximum Savings Rate (AER) | 3.60% | NA |
| Minimum Savings Amount | £1 | NA |
| Interest Paid On Foreign Currencies | Yes | Yes |
Santander vs PayPal Debit Account Opening Times
| Santander | PayPal Debit | |
| 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 | Yes |
Santander vs PayPal Debit Features & Account Types
| Santander | PayPal Debit | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | No |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | No |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | No |
| Accounts For Sole Traders | Yes | No |
| 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 only |
Santander vs PayPal Debit Customer Support Options
| Santander | PayPal Debit | |
| Phone Support Available | Yes | No |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | Yes |
| Web Based Support | Yes | Yes |
| In person Customer Support | Yes | No |
Santander vs PayPal Debit Foreign Currency Accounts
| Santander | PayPal Debit | |
| 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 PayPal Debit
| Santander | PayPal Debit | |
| Business Loans | Yes | No |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | Yes | Yes |
| Free Accounting Software | Yes | Yes |
Santander vs PayPal Debit Banking Basics
| Santander | PayPal Debit | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | No |
| FCA Number | 106054 | 742277 |
| Website | Santander Website | PayPal Debit Website |
Common Comparison Questions
Does Santander or PayPal Debit 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, PayPal Debit scores 1.4 out of 5 based 5,277 Trustpilot reviews. Of which 20% are 5-star and 73% are 1-star.
Does Santander or PayPal Debit 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, PayPal Debit’s iPhone App is rated 4.1 out of 5 based on 1,600 reviews. And it’s Android App is rated 3.3 out of 5 based on 91,500 reviews.
Does Santander or PayPal Debit 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, PayPal Debit offers None accounts with interest rates ranging from NA to NA (AER).
See Other Comparisons:Santander vs Allica Bank
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Santander vs Unity Trust
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For other business bank accounts see our guide here.