Is Ulster Bank or HSBC Kinetic better for your small business?
Below we look at both Ulster Bank 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.
Ulster Bank vs HSBC Kinetic Trustpilot Reviews
| Ulster Bank | HSBC Kinetic | |
| Trustpilot Review Score (out of 5) | 1.5 | 1.9 |
| Percent 5-Star Reviews | 8% | 0% |
| Percent 1- Star Reviews | 86% | 100% |
| Total Number of Reviews | 114 | 13 |
https://www.trustpilot.com/review/www.ulsterbank.co.uk
https://www.trustpilot.com/review/hsbckinetic.co.uk
Ulster Bank vs HSBC Kinetic App Reviews
| Ulster Bank | HSBC Kinetic | |
| iPhone Review Score (out of 5) | 4.8 | 4.8 |
| Number of iPhone Reviews | 15,700 | 15,000 |
| Android Review Score (out of 5) | 4.1 | 4.7 |
| Number of Android Reviews | 15,000 | 4,000 |
https://apps.apple.com/gb/app/ulster-bank-ni-mobile-banking/id469523324
https://apps.apple.com/gb/app/hsbc-kinetic/id1457310350
Ulster Bank vs HSBC Kinetic Account Fees & Charges
| Ulster Bank | HSBC Kinetic | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | 24 Months | 12 Months |
| Cheapest Monthly Account Fee | £8 | £6.50 |
| Most Expensive Monthly Account Fee | £12 | £6.50 |
| Electronic Payment Cost (in/out) | 43p | Free |
| Cash Payments Cost (in/out) | 70p per £100 | 1.10% |
| Cheques (in/out) | 40p | 50p per cheque |
| CHAPS Payments Cost | £18.75 | £17 |
| SEPA Payments Cost | €0.51 | 24p |
Ulster Bank vs HSBC Kinetic Business Savings Rates
| Ulster Bank | HSBC Kinetic | |
| Types of Business Savings Accounts | Instant access accounts, Fixed term accounts, Currency savings accounts | Instant access, 30+ day, 60+ day |
| Lowest Savings Rate (AER) | 1.46% | 1.94% |
| Maximum Savings Rate (AER) | 1.92% | 2.02% |
| Minimum Savings Amount | No | No |
| Interest Paid On Foreign Currencies | Yes | Yes |
Ulster Bank vs HSBC Kinetic Account Opening Times
| Ulster Bank | HSBC Kinetic | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 24 working hours | 48 hours |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Ulster Bank vs HSBC Kinetic Features & Account Types
| Ulster Bank | HSBC Kinetic | |
| 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 | No |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | No |
| Card Type | Mastercard | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | No |
| Branch Locations | Northern Ireland Only | Can use HSBC branches for some services |
Ulster Bank vs HSBC Kinetic Customer Support Options
| Ulster Bank | HSBC Kinetic | |
| 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 | No |
Ulster Bank vs HSBC Kinetic Foreign Currency Accounts
| Ulster Bank | HSBC Kinetic | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
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Other Business Services From Ulster Bank and HSBC Kinetic
| Ulster Bank | HSBC Kinetic | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | No | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | Yes | No |
| Free Accounting Software | Yes | No |
Ulster Bank vs HSBC Kinetic Banking Basics
| Ulster Bank | HSBC Kinetic | |
| Bank Type | High Street | High Street/Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | NA | 765112 |
| Website | Ulster Bank Website | HSBC Kinetic Website |
Common Comparison Questions
Does Ulster Bank or HSBC Kinetic 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, HSBC Kinetic scores 1.9 out of 5 based 13 Trustpilot reviews. Of which 0% are 5-star and 100% are 1-star.
Does Ulster Bank or HSBC Kinetic 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, 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 Ulster Bank or HSBC Kinetic 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, HSBC Kinetic offers Instant access, 30+ day, 60+ day accounts with interest rates ranging from 1.94% to 2.02% (AER).
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For other business bank accounts see our guide here.