Soldo VS HSBC Kinetic: Business Banking Review & Fee Comparison

Is Soldo or HSBC Kinetic better for your small business?

Below we look at both Soldo 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.

Soldo vs HSBC Kinetic Trustpilot Reviews

	Soldo	HSBC Kinetic
Trustpilot Review Score (out of 5)	4.7	1.9
Percent 5-Star Reviews	77%	0%
Percent 1- Star Reviews	11%	100%
Total Number of Reviews	1,667	13

Sources:
https://www.trustpilot.com/review/soldo.com
https://www.trustpilot.com/review/hsbckinetic.co.uk

Soldo vs HSBC Kinetic App Reviews

	Soldo	HSBC Kinetic
iPhone Review Score (out of 5)	2.7	4.8
Number of iPhone Reviews	70	15,000
Android Review Score (out of 5)	2.9	4.7
Number of Android Reviews	469	4,000

Sources:
https://apps.apple.com/gb/app/soldo/id1489150365
https://apps.apple.com/gb/app/hsbc-kinetic/id1457310350

Soldo vs HSBC Kinetic Account Fees & Charges

	Soldo	HSBC Kinetic
Free Business Bank Account	No	Yes
Free Business Account Term Length	NA	12 Months
Cheapest Monthly Account Fee	£18	£6.50
Most Expensive Monthly Account Fee	£30	£6.50
Electronic Payment Cost (in/out)	£2	Free
Cash Payments Cost (in/out)	No	1.10%
Cheques (in/out)	Free	50p per cheque
CHAPS Payments Cost	No	£17
SEPA Payments Cost	€1.50	24p

Soldo vs HSBC Kinetic Business Savings Rates

	Soldo	HSBC Kinetic
Types of Business Savings Accounts	None	Instant access, 30+ day, 60+ day
Lowest Savings Rate (AER)	NA	1.94%
Maximum Savings Rate (AER)	NA	2.02%
Minimum Savings Amount	NA	No
Interest Paid On Foreign Currencies	Yes	Yes

Soldo vs HSBC Kinetic Account Opening Times

	Soldo	HSBC Kinetic
Can You Apply Online?	Yes	Yes
How Long Does Opening An Account Typically Take?	1 day	48 hours
Do They Check Your Credit?	No	Yes
Current Account Switch Service	No	Yes

Soldo vs HSBC Kinetic Features & Account Types

	Soldo	HSBC Kinetic
Business Current Account	No	Yes
Business Savings Account	No	Yes
Business Credit Card	No	Yes
Business Overdraft	No	Yes
Accounts For Startups	Yes	Yes
Accounts For Charities	Yes	No
Accounts For Sole Traders	Yes	Yes
Joint Business Accounts Available	No	No
Card Type	Mastercard	Visa
Online Banking	Yes	Yes
Mobile Banking	Yes	Yes
In Person/Branch Banking	No	No
Branch Locations	None, online only	Can use HSBC branches for some services

Soldo vs HSBC Kinetic Customer Support Options

	Soldo	HSBC Kinetic
Phone Support Available	No	Yes
Email Support Available	Yes	Yes
App Based Support	Yes	Yes
Web Based Support	Yes	Yes
In person Customer Support	No	No

Soldo vs HSBC Kinetic Foreign Currency Accounts

	Soldo	HSBC Kinetic
US Dollar (USD) Bank Accounts	Yes	Yes
Euro (EUR) Bank Accounts	Yes	Yes
Other Currencies Available:	CAD (Canadian Dollar) CHF (Swiss Franc) DKK (Danish Krone) NOK (Norwegian Krone) SEK (Swedish Krona) NZD (New Zealand Dollar) JPY (Japanese Yen)	Brazilian real (BRL) Canadian dollar (CAD) Chilean peso (CLP) Colombian peso (COP) Mexican peso (MXN) Chinese yuan (CNY) Hong Kong dollar (HKD) Indian rupee (INR) Japanese yen (JPY) Korean won (KRW) Malaysian ringgit (MYR) Singapore dollar (SGD) Thai baht (THB) Austrian euro (EUR) Belgian euro (EUR) Bulgarian lev (BGN) Croatian kuna (HRK) Czech koruna (CZK) Danish krone (DKK) Estonian euro (EUR) Finnish euro (EUR) French euro (EUR) German euro (EUR) Greek euro (EUR) Hungarian forint (HUF) Icelandic króna (ISK) Irish euro (EUR) Italian euro (EUR) Latvian euro (EUR) Lithuanian euro (EUR) Maltese euro (EUR) Dutch euro (EUR) Polish zloty (PLN) Portuguese euro (EUR) Romanian leu (RON) Slovak euro (EUR) Slovenian euro (EUR) Spanish euro (EUR) Australian dollar (AUD) New Zealand dollar (NZD)

Other Business Services From Soldo and HSBC Kinetic

	Soldo	HSBC Kinetic
Business Loans	No	Yes
Commercial Mortgages	No	No
Invoice Financing	No	No
International Payments	Yes	Yes
Merchant Payment Services	No	Yes
Card Machines	No	No
Free Accounting Software	No	No

Soldo vs HSBC Kinetic Banking Basics

	Soldo	HSBC Kinetic
Bank Type	Challenger	High Street/Challenger
FSCS Protection	No	Yes, up to £85,000
FCA Number	900459	765112
Website	Soldo Website	HSBC Kinetic Website

Common Comparison Questions

Does Soldo or HSBC Kinetic have better customer reviews?

Soldo scores 4.7 out of 5 based 1,667 Trustpilot reviews. Of these reviews 77% are 5-star and 11% 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 Soldo or HSBC Kinetic have a better App?

Soldo’s iPhone App is rated 2.7 out of 5 based on 70 reviews. And it’s Android App is rated 2.9 out of 5 based on 469 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 Soldo or HSBC Kinetic have better business savings rates?

Soldo offers the following types of business savings accounts: None with interest rates ranging from NA to NA. (AER)

In contrast, HSBC Kinetic offers Instant access, 30+ day, 60+ day accounts with interest rates ranging from 1.94% to 2.02% (AER).

See Other Comparisons:
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Soldo vs Charity Bank


For other business bank accounts see our guide here.