Is TSB or Airwallex better for your small business?
Below we look at both TSB and Airwallex 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.
TSB vs Airwallex Trustpilot Reviews
| TSB | Airwallex | |
| Trustpilot Review Score (out of 5) | 4.2 | 3.9 |
| Percent 5-Star Reviews | 56% | 67% |
| Percent 1- Star Reviews | 27% | 25% |
| Total Number of Reviews | 21,942 | 1,007 |
https://www.trustpilot.com/review/tsb.co.uk
https://www.trustpilot.com/review/airwallex.com
TSB vs Airwallex App Reviews
| TSB | Airwallex | |
| iPhone Review Score (out of 5) | 4.8 | 3.3 |
| Number of iPhone Reviews | 457,400 | 12 |
| Android Review Score (out of 5) | 4.4 | 2.3 |
| Number of Android Reviews | 197,000 | 161 |
https://apps.apple.com/gb/app/tsb-mobile-banking/id1160720878
https://apps.apple.com/gb/app/airwallex/id1537521807
TSB vs Airwallex Account Fees & Charges
| TSB | Airwallex | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | 30 Months | 1 month |
| Cheapest Monthly Account Fee | £5 | Free or £19/month |
| Most Expensive Monthly Account Fee | £40 | £999/month |
| Electronic Payment Cost (in/out) | Free | 20p |
| Cash Payments Cost (in/out) | 70p per £100 | Free |
| Cheques (in/out) | 70p | Free |
| CHAPS Payments Cost | £30 | No |
| SEPA Payments Cost | £2 | $2 |
TSB vs Airwallex Business Savings Rates
| TSB | Airwallex | |
| Types of Business Savings Accounts | Instant Access, Fixed Bonds | None |
| Lowest Savings Rate (AER) | 1.35% | NA |
| Maximum Savings Rate (AER) | 4.30% | NA |
| Minimum Savings Amount | £1 | NA |
| Interest Paid On Foreign Currencies | Yes | Yes |
TSB vs Airwallex Account Opening Times
| TSB | Airwallex | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 10 Working days | 15 minutes |
| Do They Check Your Credit? | Yes | No |
| Current Account Switch Service | Yes | No |
TSB vs Airwallex Features & Account Types
| TSB | Airwallex | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | No |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | No |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | No | No |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | No |
| Card Type | Mastercard | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | No |
| Branch Locations | UK-wide | None, online only |
TSB vs Airwallex Customer Support Options
| TSB | Airwallex | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | Yes |
| Web Based Support | Yes | Yes |
| In person Customer Support | Yes | No |
TSB vs Airwallex Foreign Currency Accounts
| TSB | Airwallex | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
|
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Other Business Services From TSB and Airwallex
| TSB | Airwallex | |
| Business Loans | Yes | No |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | Yes | No |
| Free Accounting Software | No | No |
TSB vs Airwallex Banking Basics
| TSB | Airwallex | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | No |
| FCA Number | 191240 | 900876 |
| Website | TSB Website | Airwallex Website |
Common Comparison Questions
Does TSB or Airwallex have better customer reviews?
TSB scores 4.2 out of 5 based 21,942 Trustpilot reviews. Of these reviews 56% are 5-star and 27% are 1-star.
Whereas, Airwallex scores 3.9 out of 5 based 1,007 Trustpilot reviews. Of which 67% are 5-star and 25% are 1-star.
Does TSB or Airwallex have a better App?
TSB’s iPhone App is rated 4.8 out of 5 based on 457,400 reviews. And it’s Android App is rated 4.4 out of 5 based on 197,000 reviews.
In comparison, Airwallex’s iPhone App is rated 3.3 out of 5 based on 12 reviews. And it’s Android App is rated 2.3 out of 5 based on 161 reviews.
Does TSB or Airwallex have better business savings rates?
TSB offers the following types of business savings accounts: Instant Access, Fixed Bonds with interest rates ranging from 1.35% to 4.30%. (AER)
In contrast, Airwallex offers None accounts with interest rates ranging from NA to NA (AER).
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For other business bank accounts see our guide here.