Is Shawbrook Bank or HSBC Kinetic better for your small business?
Below we look at both Shawbrook Bank and HSBC Kinetic 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 HSBC Kinetic Trustpilot Reviews
| Shawbrook Bank | HSBC Kinetic | |
| Trustpilot Review Score (out of 5) | 4.7 | 1.9 |
| Percent 5-Star Reviews | 85% | 0% |
| Percent 1- Star Reviews | 7% | 100% |
| Total Number of Reviews | 10,747 | 13 |
https://www.trustpilot.com/review/www.shawbrook.co.uk
https://www.trustpilot.com/review/hsbckinetic.co.uk
Shawbrook Bank vs HSBC Kinetic App Reviews
| Shawbrook Bank | HSBC Kinetic | |
| iPhone Review Score (out of 5) | No Rating | 4.8 |
| Number of iPhone Reviews | No Reviews | 15,000 |
| Android Review Score (out of 5) | No Rating | 4.7 |
| Number of Android Reviews | No Reviews | 4,000 |
https://www.apple.com/uk/app-store/
https://apps.apple.com/gb/app/hsbc-kinetic/id1457310350
Shawbrook Bank vs HSBC Kinetic Account Fees & Charges
| Shawbrook Bank | HSBC Kinetic | |
| Free Business Bank Account | No | Yes |
| Free Business Account Term Length | NA | 12 Months |
| Cheapest Monthly Account Fee | Free | £6.50 |
| Most Expensive Monthly Account Fee | £12 | £6.50 |
| Electronic Payment Cost (in/out) | Free | Free |
| Cash Payments Cost (in/out) | Free | 1.10% |
| Cheques (in/out) | Free | 50p per cheque |
| CHAPS Payments Cost | £35 | £17 |
| SEPA Payments Cost | No | 24p |
Shawbrook Bank vs HSBC Kinetic Business Savings Rates
| Shawbrook Bank | HSBC Kinetic | |
| Types of Business Savings Accounts | Easy Access, Fixed Rate, Notice Accounts | Instant access, 30+ day, 60+ day |
| Lowest Savings Rate (AER) | 3.66% | 1.94% |
| Maximum Savings Rate (AER) | 5.03% | 2.02% |
| Minimum Savings Amount | £1,000 | No |
| Interest Paid On Foreign Currencies | No | Yes |
Shawbrook Bank vs HSBC Kinetic Account Opening Times
| Shawbrook Bank | HSBC Kinetic | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 5 Working days | 48 hours |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | No | Yes |
Shawbrook Bank vs HSBC Kinetic Features & Account Types
| Shawbrook Bank | HSBC Kinetic | |
| Business Current Account | No | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | Yes |
| Business Overdraft | Yes | Yes |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | No |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | No |
| Card Type | None | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | No | Yes |
| In Person/Branch Banking | No | No |
| Branch Locations | Limited locations accross the UK | Can use HSBC branches for some services |
Shawbrook Bank vs HSBC Kinetic Customer Support Options
| Shawbrook Bank | HSBC Kinetic | |
| 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 | No |
Shawbrook Bank vs HSBC Kinetic Foreign Currency Accounts
| Shawbrook Bank | HSBC Kinetic | |
| US Dollar (USD) Bank Accounts | No | Yes |
| Euro (EUR) Bank Accounts | No | Yes |
| Other Currencies Available: | No |
|
Other Business Services From Shawbrook Bank and HSBC Kinetic
| Shawbrook Bank | HSBC Kinetic | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Shawbrook Bank vs HSBC Kinetic Banking Basics
| Shawbrook Bank | HSBC Kinetic | |
| Bank Type | Challenger | High Street/Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 204574 | 765112 |
| Website | Shawbrook Bank Website | HSBC Kinetic Website |
Common Comparison Questions
Does Shawbrook Bank or HSBC Kinetic 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, HSBC Kinetic scores 1.9 out of 5 based 13 Trustpilot reviews. Of which 0% are 5-star and 100% are 1-star.
Does Shawbrook Bank or HSBC Kinetic 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, HSBC Kinetic’s iPhone App is rated 4.8 out of 5 based on 15,000 reviews. And it’s Android App is rated 4.7 out of 5 based on 4,000 reviews.
Does Shawbrook Bank or HSBC Kinetic 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, HSBC Kinetic offers Instant access, 30+ day, 60+ day accounts with interest rates ranging from 1.94% to 2.02% (AER).
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For other business bank accounts see our guide here.