Is Shawbrook Bank or Handelsbanken better for your small business?
Below we look at both Shawbrook Bank and Handelsbanken 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.
Shawbrook Bank vs Handelsbanken Trustpilot Reviews
| Shawbrook Bank | Handelsbanken | |
| Trustpilot Review Score (out of 5) | 4.7 | 2.3 |
| Percent 5-Star Reviews | 85% | 33% |
| Percent 1- Star Reviews | 7% | 55% |
| Total Number of Reviews | 10,747 | 124 |
https://www.trustpilot.com/review/www.shawbrook.co.uk
https://www.trustpilot.com/review/handelsbanken.co.uk
Shawbrook Bank vs Handelsbanken App Reviews
| Shawbrook Bank | Handelsbanken | |
| iPhone Review Score (out of 5) | No Rating | 2.6 |
| Number of iPhone Reviews | No Reviews | 17 |
| Android Review Score (out of 5) | No Rating | 1.6 |
| Number of Android Reviews | No Reviews | 6 |
https://www.apple.com/uk/app-store/
https://apps.apple.com/gb/app/handelsbanken-uk-corporate/id1122527533
Shawbrook Bank vs Handelsbanken Account Fees & Charges
| Shawbrook Bank | Handelsbanken | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | Free | £5 |
| Most Expensive Monthly Account Fee | £12 | £20 |
| Electronic Payment Cost (in/out) | Free | Free |
| Cash Payments Cost (in/out) | Free | 30p |
| Cheques (in/out) | Free | £1.50 |
| CHAPS Payments Cost | £35 | £15 |
| SEPA Payments Cost | No | 25p |
Shawbrook Bank vs Handelsbanken Business Savings Rates
| Shawbrook Bank | Handelsbanken | |
| Types of Business Savings Accounts | Easy Access, Fixed Rate, Notice Accounts | Instant Access, Fixed Term, Notice Savings |
| Lowest Savings Rate (AER) | 3.66% | No |
| Maximum Savings Rate (AER) | 5.03% | No |
| Minimum Savings Amount | £1,000 | £5,000 |
| Interest Paid On Foreign Currencies | No | Yes |
Shawbrook Bank vs Handelsbanken Account Opening Times
| Shawbrook Bank | Handelsbanken | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 5 Working days | 7 Working days |
| Do They Check Your Credit? | Yes | No |
| Current Account Switch Service | No | Yes |
Shawbrook Bank vs Handelsbanken Features & Account Types
| Shawbrook Bank | Handelsbanken | |
| Business Current Account | No | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | Yes |
| Business Overdraft | Yes | Yes |
| Accounts For Startups | Yes | No |
| Accounts For Charities | Yes | No |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | None | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | No | Yes |
| In Person/Branch Banking | No | Yes |
| Branch Locations | Limited locations accross the UK | UK-wide |
Shawbrook Bank vs Handelsbanken Customer Support Options
| Shawbrook Bank | Handelsbanken | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | No | Yes |
| Web Based Support | Yes | Yes |
| In person Customer Support | No | Yes |
Shawbrook Bank vs Handelsbanken Foreign Currency Accounts
| Shawbrook Bank | Handelsbanken | |
| US Dollar (USD) Bank Accounts | No | Yes |
| Euro (EUR) Bank Accounts | No | Yes |
| Other Currencies Available: | No |
|
Other Business Services From Shawbrook Bank and Handelsbanken
| Shawbrook Bank | Handelsbanken | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | No |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Shawbrook Bank vs Handelsbanken Banking Basics
| Shawbrook Bank | Handelsbanken | |
| Bank Type | Challenger | High Street |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 204574 | 197340 |
| Website | Shawbrook Bank Website | Handelsbanken Website |
Common Comparison Questions
Does Shawbrook Bank or Handelsbanken have better customer reviews?
Shawbrook Bank scores 4.7 out of 5 based 10,747 Trustpilot reviews. Of these reviews 85% are 5-star and 7% are 1-star.
Whereas, Handelsbanken scores 2.3 out of 5 based 124 Trustpilot reviews. Of which 33% are 5-star and 55% are 1-star.
Does Shawbrook Bank or Handelsbanken have a better App?
Shawbrook Bank’s iPhone App is rated No Rating out of 5 based on No Reviews reviews. And it’s Android App is rated No Rating out of 5 based on No Reviews reviews.
In comparison, Handelsbanken’s iPhone App is rated 2.6 out of 5 based on 17 reviews. And it’s Android App is rated 1.6 out of 5 based on 6 reviews.
Does Shawbrook Bank or Handelsbanken have better business savings rates?
Shawbrook Bank offers the following types of business savings accounts: Easy Access, Fixed Rate, Notice Accounts with interest rates ranging from 3.66% to 5.03%. (AER)
In contrast, Handelsbanken offers Instant Access, Fixed Term, Notice Savings accounts with interest rates ranging from No to No (AER).
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For other business bank accounts see our guide here.