Is Tide or Shawbrook Bank better for your small business?
Below we look at both Tide and Shawbrook 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.
Tide vs Shawbrook Bank Trustpilot Reviews
| Tide | Shawbrook Bank | |
| Trustpilot Review Score (out of 5) | 4.2 | 4.7 |
| Percent 5-Star Reviews | 73% | 85% |
| Percent 1- Star Reviews | 17% | 7% |
| Total Number of Reviews | 18,595 | 10,747 |
https://www.trustpilot.com/review/tide.co
https://www.trustpilot.com/review/www.shawbrook.co.uk
Tide vs Shawbrook Bank App Reviews
| Tide | Shawbrook Bank | |
| iPhone Review Score (out of 5) | 4.7 | No Rating |
| Number of iPhone Reviews | 64,800 | No Reviews |
| Android Review Score (out of 5) | 3.5 | No Rating |
| Number of Android Reviews | 16,200 | No Reviews |
https://apps.apple.com/gb/app/tide-business-banking-app/id1140086177
https://www.apple.com/uk/app-store/
Tide vs Shawbrook Bank Account Fees & Charges
| Tide | Shawbrook Bank | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | No Limit | NA |
| Cheapest Monthly Account Fee | £9.99 | Free |
| Most Expensive Monthly Account Fee | £49.99 | £12 |
| Electronic Payment Cost (in/out) | Free | Free |
| Cash Payments Cost (in/out) | £1 | Free |
| Cheques (in/out) | Free | Free |
| CHAPS Payments Cost | No | £35 |
| SEPA Payments Cost | €0.70 | No |
Tide vs Shawbrook Bank Business Savings Rates
| Tide | Shawbrook Bank | |
| Types of Business Savings Accounts | Business savings account | Easy Access, Fixed Rate, Notice Accounts |
| Lowest Savings Rate (AER) | 3.55% | 3.66% |
| Maximum Savings Rate (AER) | 3.55% | 5.03% |
| Minimum Savings Amount | £1 | £1,000 |
| Interest Paid On Foreign Currencies | Yes | No |
Tide vs Shawbrook Bank Account Opening Times
| Tide | Shawbrook Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 10 to 2880 minutes | 5 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | No |
Tide vs Shawbrook Bank Features & Account Types
| Tide | Shawbrook Bank | |
| Business Current Account | Yes | No |
| Business Savings Account | Yes | Yes |
| Business Credit Card | No | Yes |
| Business Overdraft | No | Yes |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | No | Yes |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | No | Yes |
| Card Type | Mastercard | None |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | No |
| In Person/Branch Banking | No | No |
| Branch Locations | None, online only | Limited locations accross the UK |
Tide vs Shawbrook Bank Customer Support Options
| Tide | Shawbrook Bank | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | No |
| Web Based Support | Yes | Yes |
| In person Customer Support | No | No |
Tide vs Shawbrook Bank Foreign Currency Accounts
| Tide | Shawbrook Bank | |
| US Dollar (USD) Bank Accounts | No | No |
| Euro (EUR) Bank Accounts | No | No |
| Other Currencies Available: | No | No |
Other Business Services From Tide and Shawbrook Bank
| Tide | Shawbrook Bank | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | No | Yes |
| Invoice Financing | Yes | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | Yes |
| Card Machines | Yes | No |
| Free Accounting Software | Yes | No |
Tide vs Shawbrook Bank Banking Basics
| Tide | Shawbrook Bank | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | Yes, up to £85,000 via ClearBank | Yes, up to £85,000 |
| FCA Number | 754568 | 204574 |
| Website | Tide Website | Shawbrook Bank Website |
Common Comparison Questions
Does Tide or Shawbrook Bank 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, Shawbrook Bank scores 4.7 out of 5 based 10,747 Trustpilot reviews. Of which 85% are 5-star and 7% are 1-star.
Does Tide or Shawbrook Bank 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, 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.
Does Tide or Shawbrook Bank 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, Shawbrook Bank offers Easy Access, Fixed Rate, Notice Accounts accounts with interest rates ranging from 3.66% to 5.03% (AER).
See Other Comparisons:Tide vs RBS (Royal Bank of Scotland)
Tide vs Wise
Tide vs Revolut Business
Tide vs Danske Bank UK
Tide vs Ulster Bank
For other business bank accounts see our guide here.