Is TSB or Handelsbanken better for your small business?
Below we look at both TSB and Handelsbanken 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 Handelsbanken Trustpilot Reviews
| TSB | Handelsbanken | |
| Trustpilot Review Score (out of 5) | 4.2 | 2.3 |
| Percent 5-Star Reviews | 56% | 33% |
| Percent 1- Star Reviews | 27% | 55% |
| Total Number of Reviews | 21,942 | 124 |
https://www.trustpilot.com/review/tsb.co.uk
https://www.trustpilot.com/review/handelsbanken.co.uk
TSB vs Handelsbanken App Reviews
| TSB | Handelsbanken | |
| iPhone Review Score (out of 5) | 4.8 | 2.6 |
| Number of iPhone Reviews | 457,400 | 17 |
| Android Review Score (out of 5) | 4.4 | 1.6 |
| Number of Android Reviews | 197,000 | 6 |
https://apps.apple.com/gb/app/tsb-mobile-banking/id1160720878
https://apps.apple.com/gb/app/handelsbanken-uk-corporate/id1122527533
TSB vs Handelsbanken Account Fees & Charges
| TSB | Handelsbanken | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 30 Months | NA |
| Cheapest Monthly Account Fee | £5 | £5 |
| Most Expensive Monthly Account Fee | £40 | £20 |
| Electronic Payment Cost (in/out) | Free | Free |
| Cash Payments Cost (in/out) | 70p per £100 | 30p |
| Cheques (in/out) | 70p | £1.50 |
| CHAPS Payments Cost | £30 | £15 |
| SEPA Payments Cost | £2 | 25p |
TSB vs Handelsbanken Business Savings Rates
| TSB | Handelsbanken | |
| Types of Business Savings Accounts | Instant Access, Fixed Bonds | Instant Access, Fixed Term, Notice Savings |
| Lowest Savings Rate (AER) | 1.35% | No |
| Maximum Savings Rate (AER) | 4.30% | No |
| Minimum Savings Amount | £1 | £5,000 |
| Interest Paid On Foreign Currencies | Yes | Yes |
TSB vs Handelsbanken Account Opening Times
| TSB | Handelsbanken | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 10 Working days | 7 Working days |
| Do They Check Your Credit? | Yes | No |
| Current Account Switch Service | Yes | Yes |
TSB vs Handelsbanken Features & Account Types
| TSB | Handelsbanken | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | Yes |
| Business Overdraft | Yes | Yes |
| Accounts For Startups | Yes | No |
| Accounts For Charities | No | No |
| 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 | Yes |
| Branch Locations | UK-wide | UK-wide |
TSB vs Handelsbanken Customer Support Options
| TSB | Handelsbanken | |
| 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 | Yes |
TSB vs Handelsbanken Foreign Currency Accounts
| TSB | Handelsbanken | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
|
|
Other Business Services From TSB and Handelsbanken
| TSB | Handelsbanken | |
| Business Loans | Yes | Yes |
| 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 Handelsbanken Banking Basics
| TSB | Handelsbanken | |
| Bank Type | High Street | High Street |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 191240 | 197340 |
| Website | TSB Website | Handelsbanken Website |
Common Comparison Questions
Does TSB or Handelsbanken 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, Handelsbanken scores 2.3 out of 5 based 124 Trustpilot reviews. Of which 33% are 5-star and 55% are 1-star.
Does TSB or Handelsbanken 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, Handelsbanken’s iPhone App is rated 2.6 out of 5 based on 17 reviews. And it’s Android App is rated 1.6 out of 5 based on 6 reviews.
Does TSB or Handelsbanken 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, Handelsbanken offers Instant Access, Fixed Term, Notice Savings accounts with interest rates ranging from No to No (AER).
See Other Comparisons:TSB vs Anna
TSB vs Hampshire Trust Bank
TSB vs Mettle
TSB vs Monese
TSB vs Saffron Building Society
For other business bank accounts see our guide here.