Merchant Machine

TSB VS HSBC Kinetic: Business Banking Review & Fee Comparison


By: Ian Wright | Last Updated:

Is TSB or HSBC Kinetic better for your small business?

Below we look at both TSB and HSBC Kinetic 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 Homepage
TSB Homepage

HSBC Kinetic Homepage
HSBC Kinetic Homepage
 

TSB vs HSBC Kinetic Trustpilot Reviews

TSBHSBC Kinetic
Trustpilot Review Score (out of 5)4.21.9
Percent 5-Star Reviews56%0%
Percent 1- Star Reviews27%100%
Total Number of Reviews21,94213
Sources:
https://www.trustpilot.com/review/tsb.co.uk
https://www.trustpilot.com/review/hsbckinetic.co.uk

TSB vs HSBC Kinetic App Reviews

TSBHSBC Kinetic
iPhone Review Score (out of 5)4.84.8
Number of iPhone Reviews457,40015,000
Android Review Score (out of 5)4.44.7
Number of Android Reviews197,0004,000
Sources:
https://apps.apple.com/gb/app/tsb-mobile-banking/id1160720878
https://apps.apple.com/gb/app/hsbc-kinetic/id1457310350

TSB vs HSBC Kinetic Account Fees & Charges

TSBHSBC Kinetic
Free Business Bank AccountYesYes
Free Business Account Term Length30 Months12 Months
Cheapest Monthly Account Fee£5£6.50
Most Expensive Monthly Account Fee£40£6.50
Electronic Payment Cost (in/out)FreeFree
Cash Payments Cost (in/out)70p per £1001.10%
Cheques (in/out)70p50p per cheque
CHAPS Payments Cost£30£17
SEPA Payments Cost£224p

TSB vs HSBC Kinetic Business Savings Rates

TSBHSBC Kinetic
Types of Business Savings AccountsInstant Access, Fixed BondsInstant access, 30+ day, 60+ day
Lowest Savings Rate (AER)1.35%1.94%
Maximum Savings Rate (AER)4.30%2.02%
Minimum Savings Amount£1No
Interest Paid On Foreign CurrenciesYesYes
 

TSB vs HSBC Kinetic Account Opening Times

TSBHSBC Kinetic
Can You Apply Online?YesYes
How Long Does Opening An
Account Typically Take?		10 Working days48 hours
Do They Check Your Credit?YesYes
Current Account Switch ServiceYesYes

TSB vs HSBC Kinetic Features & Account Types

TSB Account Types
TSB Features & Account Types

HSBC Kinetic Account Types
HSBC Kinetic Features & Account Types


TSBHSBC Kinetic
Business Current AccountYesYes
Business Savings AccountYesYes
Business Credit CardYesYes
Business OverdraftYesYes
Accounts For StartupsYesYes
Accounts For CharitiesNoNo
Accounts For Sole TradersYesYes
Joint Business Accounts AvailableYesNo
Card TypeMastercardVisa
Online BankingYesYes
Mobile BankingYesYes
In Person/Branch BankingYesNo
Branch LocationsUK-wideCan use HSBC branches for some services

TSB vs HSBC Kinetic Customer Support Options

TSBHSBC Kinetic
Phone Support AvailableYesYes
Email Support AvailableYesYes
App Based Support YesYes
Web Based SupportYesYes
In person Customer SupportYesNo

TSB vs HSBC Kinetic Foreign Currency Accounts

TSBHSBC Kinetic
US Dollar (USD) Bank AccountsYesYes
Euro (EUR) Bank AccountsYesYes
Other Currencies Available:
  • Euros
  • US Dollars
  • Canadian Dollars
  • Australian Dollars
  • New Zealand Dollars
  • Swiss Francs
  • Japanese Yen
  • Chinese Yuan
  • Singapore Dollars
  • Hong Kong Dollars
  • Danish Kroner
  • Norwegian Kroner
  • Swedish Kroner
  • Czech Koruna
  • Hungarian Forint
  • Polish Zloty
  • Romanian Leu
  • Bulgarian Lev
  • Croatian Kuna
  • Turkish Lira
  • Israeli Shekel
  • South African Rand
  • Mexican Peso
  • Argentinian Peso
  • Brazilian Real
  • Brazilian real (BRL)
  • Canadian dollar (CAD)
  • Chilean peso (CLP)
  • Colombian peso (COP)
  • Mexican peso (MXN)
  • Chinese yuan (CNY)
  • Hong Kong dollar (HKD)
  • Indian rupee (INR)
  • Japanese yen (JPY)
  • Korean won (KRW)
  • Malaysian ringgit (MYR)
  • Singapore dollar (SGD)
  • Thai baht (THB)
  • Austrian euro (EUR)
  • Belgian euro (EUR)
  • Bulgarian lev (BGN)
  • Croatian kuna (HRK)
  • Czech koruna (CZK)
  • Danish krone (DKK)
  • Estonian euro (EUR)
  • Finnish euro (EUR)
  • French euro (EUR)
  • German euro (EUR)
  • Greek euro (EUR)
  • Hungarian forint (HUF)
  • Icelandic króna (ISK)
  • Irish euro (EUR)
  • Italian euro (EUR)
  • Latvian euro (EUR)
  • Lithuanian euro (EUR)
  • Maltese euro (EUR)
  • Dutch euro (EUR)
  • Polish zloty (PLN)
  • Portuguese euro (EUR)
  • Romanian leu (RON)
  • Slovak euro (EUR)
  • Slovenian euro (EUR)
  • Spanish euro (EUR)
  • Australian dollar (AUD)
  • New Zealand dollar (NZD)

Other Business Services From TSB and HSBC Kinetic

TSB Account Types
Other TSB Services

HSBC Kinetic Account Types
Other HSBC Kinetic Services


TSBHSBC Kinetic
Business LoansYesYes
Commercial MortgagesYesNo
Invoice FinancingYesNo
International PaymentsYesYes
Merchant Payment ServicesYesYes
Card MachinesYesNo
Free Accounting SoftwareNoNo

TSB vs HSBC Kinetic Banking Basics

TSBHSBC Kinetic
Bank TypeHigh StreetHigh Street/Challenger
FSCS ProtectionYes, up to £85,000Yes, up to £85,000
FCA Number191240765112
WebsiteTSB WebsiteHSBC Kinetic Website

Common Comparison Questions

Does TSB or HSBC Kinetic 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, HSBC Kinetic scores 1.9 out of 5 based 13 Trustpilot reviews. Of which 0% are 5-star and 100% are 1-star.

Does TSB or HSBC Kinetic 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, HSBC Kinetic’s iPhone App is rated 4.8 out of 5 based on 15,000 reviews. And it’s Android App is rated 4.7 out of 5 based on 4,000 reviews.

Does TSB or HSBC Kinetic 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, HSBC Kinetic offers Instant access, 30+ day, 60+ day accounts with interest rates ranging from 1.94% to 2.02% (AER).

See Other Comparisons:
TSB vs CardOneMoney
TSB vs Fair Everywhere
TSB vs Countingup
TSB vs State Bank of India (UK)
TSB vs Charity Bank


For other business bank accounts see our guide here.