Is TSB or Cater Allen better for your small business?
Below we look at both TSB and Cater Allen 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 Cater Allen Trustpilot Reviews
| TSB | Cater Allen | |
| Trustpilot Review Score (out of 5) | 4.2 | 1.9 |
| Percent 5-Star Reviews | 56% | 7% |
| Percent 1- Star Reviews | 27% | 80% |
| Total Number of Reviews | 21,942 | 136 |
https://www.trustpilot.com/review/tsb.co.uk
https://www.trustpilot.com/review/www.caterallen.co.uk
TSB vs Cater Allen App Reviews
| TSB | Cater Allen | |
| iPhone Review Score (out of 5) | 4.8 | No Rating |
| Number of iPhone Reviews | 457,400 | No Reviews |
| Android Review Score (out of 5) | 4.4 | No Rating |
| Number of Android Reviews | 197,000 | No Reviews |
https://apps.apple.com/gb/app/tsb-mobile-banking/id1160720878
https://www.apple.com/uk/app-store/
TSB vs Cater Allen Account Fees & Charges
| TSB | Cater Allen | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 30 Months | NA |
| Cheapest Monthly Account Fee | £5 | Free |
| Most Expensive Monthly Account Fee | £40 | £25 |
| Electronic Payment Cost (in/out) | Free | £2 |
| Cash Payments Cost (in/out) | 70p per £100 | Free |
| Cheques (in/out) | 70p | £6 |
| CHAPS Payments Cost | £30 | £25 |
| SEPA Payments Cost | £2 | £2 |
TSB vs Cater Allen Business Savings Rates
| TSB | Cater Allen | |
| Types of Business Savings Accounts | Instant Access, Fixed Bonds | Fixed Term, Notice Account |
| Lowest Savings Rate (AER) | 1.35% | 3.00% |
| Maximum Savings Rate (AER) | 4.30% | 4.70% |
| Minimum Savings Amount | £1 | No |
| Interest Paid On Foreign Currencies | Yes | Yes |
TSB vs Cater Allen Account Opening Times
| TSB | Cater Allen | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 10 Working days | 7 days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | No |
TSB vs Cater Allen Features & Account Types
| TSB | Cater Allen | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | No |
| Accounts For Startups | Yes | Yes |
| 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 | Yes | No |
| Branch Locations | UK-wide | None, online and phone only |
TSB vs Cater Allen Customer Support Options
| TSB | Cater Allen | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | No |
| Web Based Support | Yes | Yes |
| In person Customer Support | Yes | No |
TSB vs Cater Allen Foreign Currency Accounts
| TSB | Cater Allen | |
| 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 Cater Allen
| TSB | Cater Allen | |
| Business Loans | Yes | No |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | No |
| Card Machines | Yes | No |
| Free Accounting Software | No | No |
TSB vs Cater Allen Banking Basics
| TSB | Cater Allen | |
| Bank Type | High Street | High Street |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 191240 | 178737 |
| Website | TSB Website | Cater Allen Website |
Common Comparison Questions
Does TSB or Cater Allen 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, Cater Allen scores 1.9 out of 5 based 136 Trustpilot reviews. Of which 7% are 5-star and 80% are 1-star.
Does TSB or Cater Allen 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, Cater Allen’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 TSB or Cater Allen 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, Cater Allen offers Fixed Term, Notice Account accounts with interest rates ranging from 3.00% to 4.70% (AER).
See Other Comparisons:TSB vs AIB (Allied Irish Bank)
TSB vs Unity Trust
TSB vs United Trust Bank
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For other business bank accounts see our guide here.