Is TSB or Shawbrook Bank better for your small business?
Below we look at both TSB and Shawbrook Bank 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 Shawbrook Bank Trustpilot Reviews
| TSB | Shawbrook Bank | |
| Trustpilot Review Score (out of 5) | 4.2 | 4.7 |
| Percent 5-Star Reviews | 56% | 85% |
| Percent 1- Star Reviews | 27% | 7% |
| Total Number of Reviews | 21,942 | 10,747 |
https://www.trustpilot.com/review/tsb.co.uk
https://www.trustpilot.com/review/www.shawbrook.co.uk
TSB vs Shawbrook Bank App Reviews
| TSB | Shawbrook Bank | |
| 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 Shawbrook Bank Account Fees & Charges
| TSB | Shawbrook Bank | |
| 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 | £12 |
| 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 | £35 |
| SEPA Payments Cost | £2 | No |
TSB vs Shawbrook Bank Business Savings Rates
| TSB | Shawbrook Bank | |
| Types of Business Savings Accounts | Instant Access, Fixed Bonds | Easy Access, Fixed Rate, Notice Accounts |
| Lowest Savings Rate (AER) | 1.35% | 3.66% |
| Maximum Savings Rate (AER) | 4.30% | 5.03% |
| Minimum Savings Amount | £1 | £1,000 |
| Interest Paid On Foreign Currencies | Yes | No |
TSB vs Shawbrook Bank Account Opening Times
| TSB | Shawbrook Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 10 Working days | 5 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | No |
TSB vs Shawbrook Bank Features & Account Types
| TSB | Shawbrook Bank | |
| Business Current Account | Yes | No |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | Yes |
| Business Overdraft | Yes | Yes |
| 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 | None |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | No |
| In Person/Branch Banking | Yes | No |
| Branch Locations | UK-wide | Limited locations accross the UK |
TSB vs Shawbrook Bank Customer Support Options
| TSB | Shawbrook Bank | |
| 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 Shawbrook Bank Foreign Currency Accounts
| TSB | Shawbrook Bank | |
| US Dollar (USD) Bank Accounts | Yes | No |
| Euro (EUR) Bank Accounts | Yes | No |
| Other Currencies Available: |
| No |
Other Business Services From TSB and Shawbrook Bank
| TSB | Shawbrook Bank | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | Yes | No |
| Free Accounting Software | No | No |
TSB vs Shawbrook Bank Banking Basics
| TSB | Shawbrook Bank | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 191240 | 204574 |
| Website | TSB Website | Shawbrook Bank Website |
Common Comparison Questions
Does TSB or Shawbrook Bank 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, Shawbrook Bank scores 4.7 out of 5 based 10,747 Trustpilot reviews. Of which 85% are 5-star and 7% are 1-star.
Does TSB or Shawbrook Bank 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, Shawbrook Bank’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 Shawbrook Bank 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, Shawbrook Bank offers Easy Access, Fixed Rate, Notice Accounts accounts with interest rates ranging from 3.66% to 5.03% (AER).
See Other Comparisons:TSB vs RBS (Royal Bank of Scotland)
TSB vs Wise
TSB vs Revolut Business
TSB vs Danske Bank UK
TSB vs Ulster Bank
For other business bank accounts see our guide here.