Is a State Bank of India (UK) business account right for you?
Read real customer reviews below along with more information about the various banking services State Bank of India (UK) offers to businesses.
State Bank of India (UK) Customer Reviews
Review Summary
Recent Reviews
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State Bank of India (UK) Reviews From Other Websites
State Bank of India (UK) Trustpilot Reviews
| Review Score (out of 5) | Percent 5-Star Reviews | Percent 1-star Reviews | Total Number of Reviews |
|---|---|---|---|
| 3.70 | 33% | 34% | 3 |
Source: https://www.trustpilot.com/review/sbiuk.statebank
State Bank of India (UK) iPhone & Android App Reviews
| App Type | Review Score (out out 5) | Total Number of Reviews |
|---|---|---|
| iPhone | 2.40 | 253 |
| Android | 1.70 | 1,640 |
Source:
https://apps.apple.com/gb/app/yono-sbi-uk/id1454780358
https://play.google.com/store/apps/details?id=com.YONOUKMobileApp&hl=en_GB
State Bank of India (UK) Basics
| Bank Type | Foreign Bank |
| FSCS Protection | Yes, up to £85,000 |
| Branch Locations | Limited locations in London and Midlands |
| Card Type | Mastercard |
| FCA Number | 757156 |
| Online Banking | Yes |
| Mobile Banking | Yes |
| In Person/Branch Banking | Yes |
Customer Support Options
| Phone Support Available | Yes |
| Email Support Available | Yes |
| Support Via Their App | Yes |
| Web Based Support | Yes |
| In person Customer Support | Yes |
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State Bank of India (UK) Business Account Types
| Business Current Account | Yes |
| Business Savings Account | Yes |
| Business Credit Card | Yes |
| Business Overdraft | Yes |
| Accounts For Startups | Yes |
| Accounts For Charities | Yes |
| Accounts For Sole Traders | Yes |
| Joint Business Accounts Available | Yes |
Opening A State Bank of India (UK) Business Account
| Can You Apply Online? | Yes |
| How Long Does Opening An Account Typically Take? |
3 to 4 Working days |
| Do They Check Your Credit? | Yes |
| Current Account Switch Service | Yes |
Click to open a State Bank of India (UK) Business Account
State Bank of India (UK) Business Savings
| Types of Business Savings Accounts | Instant Access, Notice Savings, Fixed Deposit, Limited Access |
| Lowest Savings Rate (AER) | 1.95% |
| Maximum Savings Rate (AER) | 5.00% |
| Minimum Savings Amount | £1 |
Please note these numbers were accurate at the time of publication, but may have since changed. Click to here to see current State Bank of India (UK) rates
State Bank of India (UK) Fees & Charges
| Free Business Bank Account | No |
| Free Business Account Term Length | NA |
| Cheapest Monthly Account Fee | £80 |
| Most Expensive Monthly Account Fee | £120 |
| Electronic Payment Cost (in/out) | Free |
| Cash Payments Cost (in/out) | £3 / Free |
| Cheques in/out | £10.00 per cheque |
| CHAPS Payments Cost | £25 |
| SEPA Payments Cost | £25 |
State Bank of India (UK) Foreign Currency Accounts
| US Dollar (USD) Bank Account | Yes |
| Euro (EUR) Bank Account | Yes |
| Interest Paid On Foreign Currencies | Yes |
Other Currencies Available:
- Indian Rupee (INR)
- Australian Dollar (AUD)
- Singapore Dollar (SGD)
- Hong Kong Dollar (HKD)
- Swiss Franc (CHF)
- Canadian Dollar (CAD)
- New Zealand Dollar (NZD)
- Malaysian Ringgit (MYR)
Other State Bank of India (UK) Business Services
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| Business Loans | Yes |
| Commercial Mortgages | Yes |
| Invoice Financing | Yes |
| International Payments | Yes |
| Merchant Services | No |
| Card Machines | No |
| Free Accounting Software | No |
Click to visit the State Bank of India (UK) website
For other business bank accounts see out guide here.
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