Is Shawbrook Bank or Recognise Bank better for your small business?
Below we look at both Shawbrook Bank and Recognise 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.
Shawbrook Bank vs Recognise Bank Trustpilot Reviews
| Shawbrook Bank | Recognise Bank | |
| Trustpilot Review Score (out of 5) | 4.7 | 4.6 |
| Percent 5-Star Reviews | 85% | 77% |
| Percent 1- Star Reviews | 7% | 5% |
| Total Number of Reviews | 10,747 | 539 |
https://www.trustpilot.com/review/www.shawbrook.co.uk
https://www.trustpilot.com/review/recognisebank.co.uk
Shawbrook Bank vs Recognise Bank App Reviews
| Shawbrook Bank | Recognise Bank | |
| iPhone Review Score (out of 5) | No Rating | No Rating |
| Number of iPhone Reviews | No Reviews | No Reviews |
| Android Review Score (out of 5) | No Rating | No Rating |
| Number of Android Reviews | No Reviews | No Reviews |
https://www.apple.com/uk/app-store/
https://www.apple.com/uk/app-store/
Shawbrook Bank vs Recognise Bank Account Fees & Charges
| Shawbrook Bank | Recognise Bank | |
| Free Business Bank Account | No | Yes |
| Free Business Account Term Length | NA | No Limit |
| 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 | £15 |
| SEPA Payments Cost | No | 25p |
Shawbrook Bank vs Recognise Bank Business Savings Rates
| Shawbrook Bank | Recognise Bank | |
| Types of Business Savings Accounts | Easy Access, Fixed Rate, Notice Accounts | Notice account, Fixed Rate, Instant access |
| Lowest Savings Rate (AER) | 3.66% | 3.15% |
| Maximum Savings Rate (AER) | 5.03% | 4.50% |
| Minimum Savings Amount | £1,000 | £1,000 |
| Interest Paid On Foreign Currencies | No | Yes |
Shawbrook Bank vs Recognise Bank Account Opening Times
| Shawbrook Bank | Recognise Bank | |
| 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 | Yes |
| Current Account Switch Service | No | No |
Shawbrook Bank vs Recognise Bank Features & Account Types
| Shawbrook Bank | Recognise Bank | |
| Business Current Account | No | No |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | No |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | No |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | None | None |
| Online Banking | Yes | Yes |
| Mobile Banking | No | No |
| In Person/Branch Banking | No | No |
| Branch Locations | Limited locations accross the UK | None, online and phone only |
Shawbrook Bank vs Recognise Bank Customer Support Options
| Shawbrook Bank | Recognise Bank | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | No | No |
| Web Based Support | Yes | Yes |
| In person Customer Support | No | No |
Shawbrook Bank vs Recognise Bank Foreign Currency Accounts
| Shawbrook Bank | Recognise Bank | |
| US Dollar (USD) Bank Accounts | No | Yes |
| Euro (EUR) Bank Accounts | No | Yes |
| Other Currencies Available: | No |
|
Other Business Services From Shawbrook Bank and Recognise Bank
| Shawbrook Bank | Recognise Bank | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | No |
| International Payments | Yes | No |
| Merchant Payment Services | Yes | No |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Shawbrook Bank vs Recognise Bank Banking Basics
| Shawbrook Bank | Recognise Bank | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 204574 | 849404 |
| Website | Shawbrook Bank Website | Recognise Bank Website |
Common Comparison Questions
Does Shawbrook Bank or Recognise Bank 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, Recognise Bank scores 4.6 out of 5 based 539 Trustpilot reviews. Of which 77% are 5-star and 5% are 1-star.
Does Shawbrook Bank or Recognise Bank 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, Recognise 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.
Does Shawbrook Bank or Recognise Bank 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, Recognise Bank offers Notice account, Fixed Rate, Instant access accounts with interest rates ranging from 3.15% to 4.50% (AER).
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For other business bank accounts see our guide here.