Is Triodos Bank or Reliance Bank better for your small business?
Below we look at both Triodos 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.
Triodos Bank vs Reliance Bank Trustpilot Reviews
| Triodos Bank | Reliance Bank | |
| Trustpilot Review Score (out of 5) | 4.1 | 3.4 |
| Percent 5-Star Reviews | 58% | 25% |
| Percent 1- Star Reviews | 22% | 25% |
| Total Number of Reviews | 514 | 4 |
https://www.trustpilot.com/review/triodos.co.uk
https://www.trustpilot.com/review/www.reliancebankltd.com
Triodos Bank vs Reliance Bank App Reviews
| Triodos Bank | Reliance Bank | |
| iPhone Review Score (out of 5) | 4.6 | 4.7 |
| Number of iPhone Reviews | 1,700 | 451 |
| Android Review Score (out of 5) | 4.6 | 4 |
| Number of Android Reviews | 851 | 144 |
https://apps.apple.com/gb/app/triodos-bank-uk/id1238649529
https://apps.apple.com/us/app/reliance-bank-mobile-banking/id1050676219
Triodos Bank vs Reliance Bank Account Fees & Charges
| Triodos Bank | Reliance Bank | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | £3 | £7.50 |
| Most Expensive Monthly Account Fee | £3 | £7.50 |
| Electronic Payment Cost (in/out) | No | 25p |
| Cash Payments Cost (in/out) | Free / £1 | 30p / 25p per £100 |
| Cheques (in/out) | £1 | 30p / 25p |
| CHAPS Payments Cost | £20 | £15 |
| SEPA Payments Cost | No | 25p |
Triodos Bank vs Reliance Bank Business Savings Rates
| Triodos Bank | Reliance Bank | |
| Types of Business Savings Accounts | None | Instant Access, Fixed Term, Notice Savings |
| Lowest Savings Rate (AER) | NA | 2.15% |
| Maximum Savings Rate (AER) | NA | 4.40% |
| Minimum Savings Amount | NA | £1,000 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Triodos Bank vs Reliance Bank Account Opening Times
| Triodos Bank | Reliance Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 1 to 2 Working days | 7 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Triodos Bank vs Reliance Bank Features & Account Types
| Triodos Bank | Reliance Bank | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | No | No |
| Business Overdraft | Yes | Yes |
| Accounts For Startups | No | No |
| Accounts For Charities | No | Yes |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Mastercard | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | No | Yes |
| Branch Locations | Bristol, London and Edinburgh | London |
Triodos Bank vs Reliance Bank Customer Support Options
| Triodos Bank | Reliance Bank | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | Yes |
| Web Based Support | Yes | Yes |
| In person Customer Support | No | Yes |
Triodos Bank vs Reliance Bank Foreign Currency Accounts
| Triodos Bank | Reliance Bank | |
| US Dollar (USD) Bank Accounts | No | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
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Other Business Services From Triodos Bank and Reliance Bank
| Triodos Bank | Reliance Bank | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | No | Yes |
| Invoice Financing | No | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | Yes |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Triodos Bank vs Reliance Bank Banking Basics
| Triodos Bank | Reliance Bank | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 817008 | 204537 |
| Website | Triodos Bank Website | Reliance Bank Website |
Common Comparison Questions
Does Triodos Bank or Reliance Bank have better customer reviews?
Triodos Bank scores 4.1 out of 5 based 514 Trustpilot reviews. Of these reviews 58% are 5-star and 22% 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 Triodos Bank or Reliance Bank have a better App?
Triodos Bank’s iPhone App is rated 4.6 out of 5 based on 1,700 reviews. And it’s Android App is rated 4.6 out of 5 based on 851 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 Triodos Bank or Reliance Bank have better business savings rates?
Triodos Bank offers the following types of business savings accounts: None with interest rates ranging from NA to NA. (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.