Is Shawbrook Bank or PayPal Debit better for your small business?
Below we look at both Shawbrook Bank 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.
Shawbrook Bank vs PayPal Debit Trustpilot Reviews
| Shawbrook Bank | PayPal Debit | |
| Trustpilot Review Score (out of 5) | 4.7 | 1.4 |
| Percent 5-Star Reviews | 85% | 20% |
| Percent 1- Star Reviews | 7% | 73% |
| Total Number of Reviews | 10,747 | 5,277 |
https://www.trustpilot.com/review/www.shawbrook.co.uk
https://www.trustpilot.com/review/www.paypal.co.uk
Shawbrook Bank vs PayPal Debit App Reviews
| Shawbrook Bank | PayPal Debit | |
| iPhone Review Score (out of 5) | No Rating | 4.1 |
| Number of iPhone Reviews | No Reviews | 1,600 |
| Android Review Score (out of 5) | No Rating | 3.3 |
| Number of Android Reviews | No Reviews | 91,500 |
https://www.apple.com/uk/app-store/
https://apps.apple.com/gb/app/paypal-business/id1053148887
Shawbrook Bank vs PayPal Debit Account Fees & Charges
| Shawbrook Bank | PayPal Debit | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | Free | No |
| Most Expensive Monthly Account Fee | £12 | No |
| Electronic Payment Cost (in/out) | Free | Free |
| Cash Payments Cost (in/out) | Free | Free |
| Cheques (in/out) | Free | Free |
| CHAPS Payments Cost | £35 | No |
| SEPA Payments Cost | No | No |
Shawbrook Bank vs PayPal Debit Business Savings Rates
| Shawbrook Bank | PayPal Debit | |
| Types of Business Savings Accounts | Easy Access, Fixed Rate, Notice Accounts | None |
| Lowest Savings Rate (AER) | 3.66% | NA |
| Maximum Savings Rate (AER) | 5.03% | NA |
| Minimum Savings Amount | £1,000 | NA |
| Interest Paid On Foreign Currencies | No | Yes |
Shawbrook Bank vs PayPal Debit Account Opening Times
| Shawbrook Bank | PayPal Debit | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 5 Working days | Few minutes |
| Do They Check Your Credit? | Yes | No |
| Current Account Switch Service | No | Yes |
Shawbrook Bank vs PayPal Debit Features & Account Types
| Shawbrook Bank | PayPal Debit | |
| Business Current Account | No | 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 | None | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | No | Yes |
| In Person/Branch Banking | No | No |
| Branch Locations | Limited locations accross the UK | None, online only |
Shawbrook Bank vs PayPal Debit Customer Support Options
| Shawbrook Bank | PayPal Debit | |
| Phone Support Available | Yes | No |
| Email Support Available | Yes | Yes |
| App Based Support | No | Yes |
| Web Based Support | Yes | Yes |
| In person Customer Support | No | No |
Shawbrook Bank vs PayPal Debit Foreign Currency Accounts
| Shawbrook Bank | PayPal Debit | |
| US Dollar (USD) Bank Accounts | No | Yes |
| Euro (EUR) Bank Accounts | No | Yes |
| Other Currencies Available: | No |
|
Other Business Services From Shawbrook Bank and PayPal Debit
| Shawbrook Bank | 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 | No | Yes |
| Free Accounting Software | No | Yes |
Shawbrook Bank vs PayPal Debit Banking Basics
| Shawbrook Bank | PayPal Debit | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | Yes, up to £85,000 | No |
| FCA Number | 204574 | 742277 |
| Website | Shawbrook Bank Website | PayPal Debit Website |
Common Comparison Questions
Does Shawbrook Bank or PayPal Debit 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, 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 Shawbrook Bank or PayPal Debit 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, 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 Shawbrook Bank or PayPal Debit 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, PayPal Debit offers None accounts with interest rates ranging from NA to NA (AER).
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For other business bank accounts see our guide here.