Is Shawbrook Bank or Reliance Bank better for your small business?
Below we look at both Shawbrook Bank 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.
Shawbrook Bank vs Reliance Bank Trustpilot Reviews
| Shawbrook Bank | Reliance Bank | |
| Trustpilot Review Score (out of 5) | 4.7 | 3.4 |
| Percent 5-Star Reviews | 85% | 25% |
| Percent 1- Star Reviews | 7% | 25% |
| Total Number of Reviews | 10,747 | 4 |
https://www.trustpilot.com/review/www.shawbrook.co.uk
https://www.trustpilot.com/review/www.reliancebankltd.com
Shawbrook Bank vs Reliance Bank App Reviews
| Shawbrook Bank | Reliance Bank | |
| iPhone Review Score (out of 5) | No Rating | 4.7 |
| Number of iPhone Reviews | No Reviews | 451 |
| Android Review Score (out of 5) | No Rating | 4 |
| Number of Android Reviews | No Reviews | 144 |
https://www.apple.com/uk/app-store/
https://apps.apple.com/us/app/reliance-bank-mobile-banking/id1050676219
Shawbrook Bank vs Reliance Bank Account Fees & Charges
| Shawbrook Bank | Reliance Bank | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | Free | £7.50 |
| Most Expensive Monthly Account Fee | £12 | £7.50 |
| Electronic Payment Cost (in/out) | Free | 25p |
| Cash Payments Cost (in/out) | Free | 30p / 25p per £100 |
| Cheques (in/out) | Free | 30p / 25p |
| CHAPS Payments Cost | £35 | £15 |
| SEPA Payments Cost | No | 25p |
Shawbrook Bank vs Reliance Bank Business Savings Rates
| Shawbrook Bank | Reliance Bank | |
| Types of Business Savings Accounts | Easy Access, Fixed Rate, Notice Accounts | Instant Access, Fixed Term, Notice Savings |
| Lowest Savings Rate (AER) | 3.66% | 2.15% |
| Maximum Savings Rate (AER) | 5.03% | 4.40% |
| Minimum Savings Amount | £1,000 | £1,000 |
| Interest Paid On Foreign Currencies | No | Yes |
Shawbrook Bank vs Reliance Bank Account Opening Times
| Shawbrook Bank | Reliance Bank | |
| 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 | Yes |
| Current Account Switch Service | No | Yes |
Shawbrook Bank vs Reliance Bank Features & Account Types
| Shawbrook Bank | Reliance Bank | |
| Business Current Account | No | 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 | None | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | No | Yes |
| In Person/Branch Banking | No | Yes |
| Branch Locations | Limited locations accross the UK | London |
Shawbrook Bank vs Reliance Bank Customer Support Options
| Shawbrook Bank | Reliance Bank | |
| 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 Reliance Bank Foreign Currency Accounts
| Shawbrook Bank | Reliance 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 Reliance Bank
| Shawbrook Bank | 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 | No | No |
| Free Accounting Software | No | No |
Shawbrook Bank vs Reliance Bank Banking Basics
| Shawbrook Bank | Reliance Bank | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 204574 | 204537 |
| Website | Shawbrook Bank Website | Reliance Bank Website |
Common Comparison Questions
Does Shawbrook Bank or Reliance 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, Reliance Bank scores 3.4 out of 5 based 4 Trustpilot reviews. Of which 25% are 5-star and 25% are 1-star.
Does Shawbrook Bank or Reliance 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, 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 Shawbrook Bank or Reliance 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, 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.