Is TSB or PayPal Debit better for your small business?
Below we look at both TSB and PayPal Debit 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 PayPal Debit Trustpilot Reviews
| TSB | PayPal Debit | |
| Trustpilot Review Score (out of 5) | 4.2 | 1.4 |
| Percent 5-Star Reviews | 56% | 20% |
| Percent 1- Star Reviews | 27% | 73% |
| Total Number of Reviews | 21,942 | 5,277 |
https://www.trustpilot.com/review/tsb.co.uk
https://www.trustpilot.com/review/www.paypal.co.uk
TSB vs PayPal Debit App Reviews
| TSB | PayPal Debit | |
| iPhone Review Score (out of 5) | 4.8 | 4.1 |
| Number of iPhone Reviews | 457,400 | 1,600 |
| Android Review Score (out of 5) | 4.4 | 3.3 |
| Number of Android Reviews | 197,000 | 91,500 |
https://apps.apple.com/gb/app/tsb-mobile-banking/id1160720878
https://apps.apple.com/gb/app/paypal-business/id1053148887
TSB vs PayPal Debit Account Fees & Charges
| TSB | PayPal Debit | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 30 Months | NA |
| Cheapest Monthly Account Fee | £5 | No |
| Most Expensive Monthly Account Fee | £40 | No |
| Electronic Payment Cost (in/out) | Free | Free |
| Cash Payments Cost (in/out) | 70p per £100 | Free |
| Cheques (in/out) | 70p | Free |
| CHAPS Payments Cost | £30 | No |
| SEPA Payments Cost | £2 | No |
TSB vs PayPal Debit Business Savings Rates
| TSB | PayPal Debit | |
| 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 PayPal Debit Account Opening Times
| TSB | PayPal Debit | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 10 Working days | Few minutes |
| Do They Check Your Credit? | Yes | No |
| Current Account Switch Service | Yes | Yes |
TSB vs PayPal Debit Features & Account Types
| TSB | PayPal Debit | |
| 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 | No |
| 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 only |
TSB vs PayPal Debit Customer Support Options
| TSB | PayPal Debit | |
| Phone Support Available | Yes | No |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | Yes |
| Web Based Support | Yes | Yes |
| In person Customer Support | Yes | No |
TSB vs PayPal Debit Foreign Currency Accounts
| TSB | PayPal Debit | |
| 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 PayPal Debit
| TSB | PayPal Debit | |
| Business Loans | Yes | No |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | Yes | Yes |
| Free Accounting Software | No | Yes |
TSB vs PayPal Debit Banking Basics
| TSB | PayPal Debit | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | No |
| FCA Number | 191240 | 742277 |
| Website | TSB Website | PayPal Debit Website |
Common Comparison Questions
Does TSB or PayPal Debit 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, PayPal Debit scores 1.4 out of 5 based 5,277 Trustpilot reviews. Of which 20% are 5-star and 73% are 1-star.
Does TSB or PayPal Debit 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, PayPal Debit’s iPhone App is rated 4.1 out of 5 based on 1,600 reviews. And it’s Android App is rated 3.3 out of 5 based on 91,500 reviews.
Does TSB or PayPal Debit 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, PayPal Debit offers None accounts with interest rates ranging from NA to NA (AER).
See Other Comparisons:TSB vs Allica Bank
TSB vs Cater Allen
TSB vs AIB (Allied Irish Bank)
TSB vs Unity Trust
TSB vs United Trust Bank
For other business bank accounts see our guide here.