Merchant Machine

Tide VS HSBC Kinetic: Business Banking Review & Fee Comparison


By: Ian Wright | Last Updated:

Is Tide or HSBC Kinetic better for your small business?

Below we look at both Tide 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.

Tide Homepage
Tide Homepage

HSBC Kinetic Homepage
HSBC Kinetic Homepage
 

Tide vs HSBC Kinetic Trustpilot Reviews

TideHSBC Kinetic
Trustpilot Review Score (out of 5)4.21.9
Percent 5-Star Reviews73%0%
Percent 1- Star Reviews17%100%
Total Number of Reviews18,59513
Sources:
https://www.trustpilot.com/review/tide.co
https://www.trustpilot.com/review/hsbckinetic.co.uk

Tide vs HSBC Kinetic App Reviews

TideHSBC Kinetic
iPhone Review Score (out of 5)4.74.8
Number of iPhone Reviews64,80015,000
Android Review Score (out of 5)3.54.7
Number of Android Reviews16,2004,000
Sources:
https://apps.apple.com/gb/app/tide-business-banking-app/id1140086177
https://apps.apple.com/gb/app/hsbc-kinetic/id1457310350

Tide vs HSBC Kinetic Account Fees & Charges

TideHSBC Kinetic
Free Business Bank AccountYesYes
Free Business Account Term LengthNo Limit12 Months
Cheapest Monthly Account Fee£9.99£6.50
Most Expensive Monthly Account Fee£49.99£6.50
Electronic Payment Cost (in/out)FreeFree
Cash Payments Cost (in/out)£11.10%
Cheques (in/out)Free50p per cheque
CHAPS Payments CostNo£17
SEPA Payments Cost€0.7024p

Tide vs HSBC Kinetic Business Savings Rates

TideHSBC Kinetic
Types of Business Savings AccountsBusiness savings accountInstant access, 30+ day, 60+ day
Lowest Savings Rate (AER)3.55%1.94%
Maximum Savings Rate (AER)3.55%2.02%
Minimum Savings Amount£1No
Interest Paid On Foreign CurrenciesYesYes
 

Tide vs HSBC Kinetic Account Opening Times

TideHSBC Kinetic
Can You Apply Online?YesYes
How Long Does Opening An
Account Typically Take?		10 to 2880 minutes48 hours
Do They Check Your Credit?YesYes
Current Account Switch ServiceYesYes

Tide vs HSBC Kinetic Features & Account Types

Tide Account Types
Tide Features & Account Types

HSBC Kinetic Account Types
HSBC Kinetic Features & Account Types


TideHSBC Kinetic
Business Current AccountYesYes
Business Savings AccountYesYes
Business Credit CardNoYes
Business OverdraftNoYes
Accounts For StartupsYesYes
Accounts For CharitiesNoNo
Accounts For Sole TradersYesYes
Joint Business Accounts AvailableNoNo
Card TypeMastercardVisa
Online BankingYesYes
Mobile BankingYesYes
In Person/Branch BankingNoNo
Branch LocationsNone, online onlyCan use HSBC branches for some services

Tide vs HSBC Kinetic Customer Support Options

TideHSBC Kinetic
Phone Support AvailableYesYes
Email Support AvailableYesYes
App Based Support YesYes
Web Based SupportYesYes
In person Customer SupportNoNo

Tide vs HSBC Kinetic Foreign Currency Accounts

TideHSBC Kinetic
US Dollar (USD) Bank AccountsNoYes
Euro (EUR) Bank AccountsNoYes
Other Currencies Available:No
  • 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 Tide and HSBC Kinetic

Tide Account Types
Other Tide Services

HSBC Kinetic Account Types
Other HSBC Kinetic Services


TideHSBC Kinetic
Business LoansYesYes
Commercial MortgagesNoNo
Invoice FinancingYesNo
International PaymentsYesYes
Merchant Payment ServicesNoYes
Card MachinesYesNo
Free Accounting SoftwareYesNo

Tide vs HSBC Kinetic Banking Basics

TideHSBC Kinetic
Bank TypeChallengerHigh Street/Challenger
FSCS ProtectionYes, up to £85,000 via ClearBankYes, up to £85,000
FCA Number754568765112
WebsiteTide WebsiteHSBC Kinetic Website

Common Comparison Questions

Does Tide or HSBC Kinetic have better customer reviews?

Tide scores 4.2 out of 5 based 18,595 Trustpilot reviews. Of these reviews 73% are 5-star and 17% 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 Tide or HSBC Kinetic have a better App?

Tide’s iPhone App is rated 4.7 out of 5 based on 64,800 reviews. And it’s Android App is rated 3.5 out of 5 based on 16,200 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 Tide or HSBC Kinetic have better business savings rates?

Tide offers the following types of business savings accounts: Business savings account with interest rates ranging from 3.55% to 3.55%. (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:
Tide vs CardOneMoney
Tide vs Fair Everywhere
Tide vs Countingup
Tide vs State Bank of India (UK)
Tide vs Charity Bank


For other business bank accounts see our guide here.