Is Santander or Reliance Bank better for your small business?
Below we look at both Santander and Reliance Bank 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 Reliance Bank Trustpilot Reviews
| Santander | Reliance Bank | |
| Trustpilot Review Score (out of 5) | 1.4 | 3.4 |
| Percent 5-Star Reviews | 8% | 25% |
| Percent 1- Star Reviews | 85% | 25% |
| Total Number of Reviews | 6,868 | 4 |
https://www.trustpilot.com/review/www.santander.co.uk
https://www.trustpilot.com/review/www.reliancebankltd.com
Santander vs Reliance Bank App Reviews
| Santander | Reliance Bank | |
| iPhone Review Score (out of 5) | 4.8 | 4.7 |
| Number of iPhone Reviews | 1,100,000 | 451 |
| Android Review Score (out of 5) | 4.4 | 4 |
| Number of Android Reviews | 54,300 | 144 |
https://apps.apple.com/gb/app/santander-mobile-banking/id482973524
https://apps.apple.com/us/app/reliance-bank-mobile-banking/id1050676219
Santander vs Reliance Bank Account Fees & Charges
| Santander | Reliance Bank | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 18 Months | NA |
| Cheapest Monthly Account Fee | Free | £7.50 |
| Most Expensive Monthly Account Fee | £7.50 | £7.50 |
| Electronic Payment Cost (in/out) | Free | 25p |
| Cash Payments Cost (in/out) | 70p per £100 | 30p / 25p per £100 |
| Cheques (in/out) | Unknown | 30p / 25p |
| CHAPS Payments Cost | £25 | £15 |
| SEPA Payments Cost | No | 25p |
Santander vs Reliance Bank Business Savings Rates
| Santander | Reliance Bank | |
| Types of Business Savings Accounts | Instant access, Business Reward Saver, Fixed Rate Business Bond, Treasurer’s Savings Account | Instant Access, Fixed Term, Notice Savings |
| Lowest Savings Rate (AER) | 0.40% | 2.15% |
| Maximum Savings Rate (AER) | 3.60% | 4.40% |
| Minimum Savings Amount | £1 | £1,000 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Santander vs Reliance Bank Account Opening Times
| Santander | Reliance Bank | |
| 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 Reliance Bank Features & Account Types
| Santander | Reliance Bank | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | Yes |
| Accounts For Startups | Yes | No |
| 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 | Yes |
| Branch Locations | UK-wide | London |
Santander vs Reliance Bank Customer Support Options
| Santander | Reliance Bank | |
| 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 Reliance Bank Foreign Currency Accounts
| Santander | Reliance Bank | |
| 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 Reliance Bank
| Santander | Reliance Bank | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | Yes | No |
| Free Accounting Software | Yes | No |
Santander vs Reliance Bank Banking Basics
| Santander | Reliance Bank | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 106054 | 204537 |
| Website | Santander Website | Reliance Bank Website |
Common Comparison Questions
Does Santander or Reliance Bank 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, Reliance Bank scores 3.4 out of 5 based 4 Trustpilot reviews. Of which 25% are 5-star and 25% are 1-star.
Does Santander or Reliance Bank 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, Reliance Bank’s iPhone App is rated 4.7 out of 5 based on 451 reviews. And it’s Android App is rated 4 out of 5 based on 144 reviews.
Does Santander or Reliance Bank 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, Reliance Bank offers Instant Access, Fixed Term, Notice Savings accounts with interest rates ranging from 2.15% to 4.40% (AER).
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For other business bank accounts see our guide here.