Is Ulster Bank or ICICI Bank UK better for your small business?
Below we look at both Ulster Bank and ICICI Bank UK 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 ICICI Bank UK Trustpilot Reviews
| Ulster Bank | ICICI Bank UK | |
| Trustpilot Review Score (out of 5) | 1.5 | 2.7 |
| Percent 5-Star Reviews | 8% | 18% |
| Percent 1- Star Reviews | 86% | 74% |
| Total Number of Reviews | 114 | 23 |
https://www.trustpilot.com/review/www.ulsterbank.co.uk
https://www.trustpilot.com/review/www.icicibank.co.uk
Ulster Bank vs ICICI Bank UK App Reviews
| Ulster Bank | ICICI Bank UK | |
| iPhone Review Score (out of 5) | 4.8 | 2.7 |
| Number of iPhone Reviews | 15,700 | 237 |
| Android Review Score (out of 5) | 4.1 | 4 |
| Number of Android Reviews | 15,000 | 684 |
https://apps.apple.com/gb/app/ulster-bank-ni-mobile-banking/id469523324
https://apps.apple.com/gb/app/icici-bank-uk-imobile/id1223898732
Ulster Bank vs ICICI Bank UK Account Fees & Charges
| Ulster Bank | ICICI Bank UK | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 24 Months | NA |
| Cheapest Monthly Account Fee | £8 | £5 |
| Most Expensive Monthly Account Fee | £12 | £15 |
| Electronic Payment Cost (in/out) | 43p | 25p |
| Cash Payments Cost (in/out) | 70p per £100 | £5 per £1,000 / free |
| Cheques (in/out) | 40p | £1 |
| CHAPS Payments Cost | £18.75 | £20 |
| SEPA Payments Cost | €0.51 | No |
Ulster Bank vs ICICI Bank UK Business Savings Rates
| Ulster Bank | ICICI Bank UK | |
| Types of Business Savings Accounts | Instant access accounts, Fixed term accounts, Currency savings accounts | Business Savings Account, Business Fixed Deposit |
| Lowest Savings Rate (AER) | 1.46% | 2.85% |
| Maximum Savings Rate (AER) | 1.92% | 4.50% |
| Minimum Savings Amount | No | £1 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Ulster Bank vs ICICI Bank UK Account Opening Times
| Ulster Bank | ICICI Bank UK | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 24 working hours | 2 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Ulster Bank vs ICICI Bank UK Features & Account Types
| Ulster Bank | ICICI Bank UK | |
| 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 | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | Yes |
| Branch Locations | Northern Ireland Only | London, Birmingham and Manchester |
Ulster Bank vs ICICI Bank UK Customer Support Options
| Ulster Bank | ICICI Bank UK | |
| 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 ICICI Bank UK Foreign Currency Accounts
| Ulster Bank | ICICI Bank UK | |
| 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 ICICI Bank UK
| Ulster Bank | ICICI Bank UK | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | No | Yes |
| Invoice Financing | Yes | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | No |
| Card Machines | Yes | No |
| Free Accounting Software | Yes | No |
Ulster Bank vs ICICI Bank UK Banking Basics
| Ulster Bank | ICICI Bank UK | |
| Bank Type | High Street | Foreign Bank |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | NA | 223268 |
| Website | Ulster Bank Website | ICICI Bank UK Website |
Common Comparison Questions
Does Ulster Bank or ICICI Bank UK 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, ICICI Bank UK scores 2.7 out of 5 based 23 Trustpilot reviews. Of which 18% are 5-star and 74% are 1-star.
Does Ulster Bank or ICICI Bank UK 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, ICICI Bank UK’s iPhone App is rated 2.7 out of 5 based on 237 reviews. And it’s Android App is rated 4 out of 5 based on 684 reviews.
Does Ulster Bank or ICICI Bank UK 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, ICICI Bank UK offers Business Savings Account, Business Fixed Deposit accounts with interest rates ranging from 2.85% to 4.50% (AER).
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For other business bank accounts see our guide here.