Is Ulster Bank or Cumberland Building Society better for your small business?
Below we look at both Ulster Bank and Cumberland Building Society 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.
Ulster Bank vs Cumberland Building Society Trustpilot Reviews
| Ulster Bank | Cumberland Building Society | |
| Trustpilot Review Score (out of 5) | 1.5 | 2.5 |
| Percent 5-Star Reviews | 8% | 22% |
| Percent 1- Star Reviews | 86% | 69% |
| Total Number of Reviews | 114 | 41 |
https://www.trustpilot.com/review/www.ulsterbank.co.uk
https://www.trustpilot.com/review/cumberlandbuildingsociety.co.uk
Ulster Bank vs Cumberland Building Society App Reviews
| Ulster Bank | Cumberland Building Society | |
| iPhone Review Score (out of 5) | 4.8 | 4.7 |
| Number of iPhone Reviews | 15,700 | 644 |
| Android Review Score (out of 5) | 4.1 | 4.8 |
| Number of Android Reviews | 15,000 | 415 |
https://apps.apple.com/gb/app/ulster-bank-ni-mobile-banking/id469523324
https://apps.apple.com/gb/app/cumberland-mobile-banking/id715482935
Ulster Bank vs Cumberland Building Society Account Fees & Charges
| Ulster Bank | Cumberland Building Society | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | 24 Months | 12 Months |
| Cheapest Monthly Account Fee | £8 | Free |
| Most Expensive Monthly Account Fee | £12 | £5 |
| Electronic Payment Cost (in/out) | 43p | 35p |
| Cash Payments Cost (in/out) | 70p per £100 | 40p per £100 |
| Cheques (in/out) | 40p | £1 |
| CHAPS Payments Cost | £18.75 | £25 |
| SEPA Payments Cost | €0.51 | No |
Ulster Bank vs Cumberland Building Society Business Savings Rates
| Ulster Bank | Cumberland Building Society | |
| Types of Business Savings Accounts | Instant access accounts, Fixed term accounts, Currency savings accounts | Instant Access, Fixed Term, Notice Savings |
| Lowest Savings Rate (AER) | 1.46% | 3.05% |
| Maximum Savings Rate (AER) | 1.92% | 4.20% |
| Minimum Savings Amount | No | £1 |
| Interest Paid On Foreign Currencies | Yes | No |
Ulster Bank vs Cumberland Building Society Account Opening Times
| Ulster Bank | Cumberland Building Society | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 24 working hours | 5 to 10 minutes |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Ulster Bank vs Cumberland Building Society Features & Account Types
| Ulster Bank | Cumberland Building Society | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | Yes |
| Business Overdraft | Yes | Yes |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | Yes |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Mastercard | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | Yes |
| Branch Locations | Northern Ireland Only | Locations in North East England only |
Ulster Bank vs Cumberland Building Society Customer Support Options
| Ulster Bank | Cumberland Building Society | |
| 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 |
Ulster Bank vs Cumberland Building Society Foreign Currency Accounts
| Ulster Bank | Cumberland Building Society | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
| No |
Other Business Services From Ulster Bank and Cumberland Building Society
| Ulster Bank | Cumberland Building Society | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | No | Yes |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | No |
| Card Machines | Yes | No |
| Free Accounting Software | Yes | Yes |
Ulster Bank vs Cumberland Building Society Banking Basics
| Ulster Bank | Cumberland Building Society | |
| Bank Type | High Street | Building Society |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | NA | 106074 |
| Website | Ulster Bank Website | Cumberland Building Society Website |
Common Comparison Questions
Does Ulster Bank or Cumberland Building Society have better customer reviews?
Ulster Bank scores 1.5 out of 5 based 114 Trustpilot reviews. Of these reviews 8% are 5-star and 86% are 1-star.
Whereas, Cumberland Building Society scores 2.5 out of 5 based 41 Trustpilot reviews. Of which 22% are 5-star and 69% are 1-star.
Does Ulster Bank or Cumberland Building Society have a better App?
Ulster Bank’s iPhone App is rated 4.8 out of 5 based on 15,700 reviews. And it’s Android App is rated 4.1 out of 5 based on 15,000 reviews.
In comparison, Cumberland Building Society’s iPhone App is rated 4.7 out of 5 based on 644 reviews. And it’s Android App is rated 4.8 out of 5 based on 415 reviews.
Does Ulster Bank or Cumberland Building Society have better business savings rates?
Ulster Bank offers the following types of business savings accounts: Instant access accounts, Fixed term accounts, Currency savings accounts with interest rates ranging from 1.46% to 1.92%. (AER)
In contrast, Cumberland Building Society offers Instant Access, Fixed Term, Notice Savings accounts with interest rates ranging from 3.05% to 4.20% (AER).
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For other business bank accounts see our guide here.