Is Ulster Bank or State Bank of India (UK) better for your small business?
Below we look at both Ulster Bank and State Bank of India (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.
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Ulster Bank vs State Bank of India (UK) Trustpilot Reviews
| Ulster Bank | State Bank of India (UK) | |
| Trustpilot Review Score (out of 5) | 1.5 | 3.7 |
| Percent 5-Star Reviews | 8% | 33% |
| Percent 1- Star Reviews | 86% | 34% |
| Total Number of Reviews | 114 | 3 |
https://www.trustpilot.com/review/www.ulsterbank.co.uk
https://www.trustpilot.com/review/sbiuk.statebank
Ulster Bank vs State Bank of India (UK) App Reviews
| Ulster Bank | State Bank of India (UK) | |
| iPhone Review Score (out of 5) | 4.8 | 2.4 |
| Number of iPhone Reviews | 15,700 | 253 |
| Android Review Score (out of 5) | 4.1 | 1.7 |
| Number of Android Reviews | 15,000 | 1,640 |
https://apps.apple.com/gb/app/ulster-bank-ni-mobile-banking/id469523324
https://apps.apple.com/gb/app/yono-sbi-uk/id1454780358
Ulster Bank vs State Bank of India (UK) Account Fees & Charges
| Ulster Bank | State Bank of India (UK) | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 24 Months | NA |
| Cheapest Monthly Account Fee | £8 | £80 |
| Most Expensive Monthly Account Fee | £12 | £120 |
| Electronic Payment Cost (in/out) | 43p | Free |
| Cash Payments Cost (in/out) | 70p per £100 | £3 / Free |
| Cheques (in/out) | 40p | £10.00 per cheque |
| CHAPS Payments Cost | £18.75 | £25 |
| SEPA Payments Cost | €0.51 | £25 |
Ulster Bank vs State Bank of India (UK) Business Savings Rates
| Ulster Bank | State Bank of India (UK) | |
| Types of Business Savings Accounts | Instant access accounts, Fixed term accounts, Currency savings accounts | Instant Access, Notice Savings, Fixed Deposit, Limited Access |
| Lowest Savings Rate (AER) | 1.46% | 1.95% |
| Maximum Savings Rate (AER) | 1.92% | 5.00% |
| Minimum Savings Amount | No | £1 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Ulster Bank vs State Bank of India (UK) Account Opening Times
| Ulster Bank | State Bank of India (UK) | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 24 working hours | 3 to 4 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Ulster Bank vs State Bank of India (UK) Features & Account Types
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| Ulster Bank | State Bank of India (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 | Limited locations in London and Midlands |
Ulster Bank vs State Bank of India (UK) Customer Support Options
| Ulster Bank | State Bank of India (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 State Bank of India (UK) Foreign Currency Accounts
| Ulster Bank | State Bank of India (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 State Bank of India (UK)
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| Ulster Bank | State Bank of India (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 State Bank of India (UK) Banking Basics
| Ulster Bank | State Bank of India (UK) | |
| Bank Type | High Street | Foreign Bank |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | NA | 757156 |
| Website | Ulster Bank Website | State Bank of India (UK) Website |
Common Comparison Questions
Does Ulster Bank or State Bank of India (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, State Bank of India (UK) scores 3.7 out of 5 based 3 Trustpilot reviews. Of which 33% are 5-star and 34% are 1-star.
Does Ulster Bank or State Bank of India (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, State Bank of India (UK)’s iPhone App is rated 2.4 out of 5 based on 253 reviews. And it’s Android App is rated 1.7 out of 5 based on 1,640 reviews.
Does Ulster Bank or State Bank of India (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, State Bank of India (UK) offers Instant Access, Notice Savings, Fixed Deposit, Limited Access accounts with interest rates ranging from 1.95% to 5.00% (AER).
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For other business bank accounts see our guide here.