Is Ulster Bank or SumUp Business Account better for your small business?
Below we look at both Ulster Bank and SumUp Business Account 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 SumUp Business Account Trustpilot Reviews
| Ulster Bank | SumUp Business Account | |
| Trustpilot Review Score (out of 5) | 1.5 | 4.2 |
| Percent 5-Star Reviews | 8% | 64% |
| Percent 1- Star Reviews | 86% | 22% |
| Total Number of Reviews | 114 | 18,247 |
https://www.trustpilot.com/review/www.ulsterbank.co.uk
https://www.trustpilot.com/review/sumup.com
Ulster Bank vs SumUp Business Account App Reviews
| Ulster Bank | SumUp Business Account | |
| iPhone Review Score (out of 5) | 4.8 | 4.8 |
| Number of iPhone Reviews | 15,700 | 12,400 |
| Android Review Score (out of 5) | 4.1 | 4.7 |
| Number of Android Reviews | 15,000 | 84,500 |
https://apps.apple.com/gb/app/ulster-bank-ni-mobile-banking/id469523324
https://apps.apple.com/gb/app/sumup/id514879214
Ulster Bank vs SumUp Business Account Account Fees & Charges
| Ulster Bank | SumUp Business Account | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | 24 Months | No Limit |
| Cheapest Monthly Account Fee | £8 | No |
| Most Expensive Monthly Account Fee | £12 | No |
| Electronic Payment Cost (in/out) | 43p | Free |
| Cash Payments Cost (in/out) | 70p per £100 | Free |
| Cheques (in/out) | 40p | Free |
| CHAPS Payments Cost | £18.75 | No |
| SEPA Payments Cost | €0.51 | No |
Ulster Bank vs SumUp Business Account Business Savings Rates
| Ulster Bank | SumUp Business Account | |
| Types of Business Savings Accounts | Instant access accounts, Fixed term accounts, Currency savings accounts | None |
| Lowest Savings Rate (AER) | 1.46% | NA |
| Maximum Savings Rate (AER) | 1.92% | NA |
| Minimum Savings Amount | No | NA |
| Interest Paid On Foreign Currencies | Yes | No |
Ulster Bank vs SumUp Business Account Account Opening Times
| Ulster Bank | SumUp Business Account | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 24 working hours | 10 minutes |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | No |
Ulster Bank vs SumUp Business Account Features & Account Types
| Ulster Bank | SumUp Business Account | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | No |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | No |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | Yes |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | No |
| Card Type | Mastercard | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | No |
| Branch Locations | Northern Ireland Only | None, online only |
Ulster Bank vs SumUp Business Account Customer Support Options
| Ulster Bank | SumUp Business Account | |
| 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 SumUp Business Account Foreign Currency Accounts
| Ulster Bank | SumUp Business Account | |
| US Dollar (USD) Bank Accounts | Yes | No |
| Euro (EUR) Bank Accounts | Yes | No |
| Other Currencies Available: |
| No |
Other Business Services From Ulster Bank and SumUp Business Account
| Ulster Bank | SumUp Business Account | |
| Business Loans | Yes | No |
| Commercial Mortgages | No | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | Yes | Yes |
| Free Accounting Software | Yes | No |
Ulster Bank vs SumUp Business Account Banking Basics
| Ulster Bank | SumUp Business Account | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | No |
| FCA Number | NA | 900700 |
| Website | Ulster Bank Website | SumUp Business Account Website |
Common Comparison Questions
Does Ulster Bank or SumUp Business Account 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, SumUp Business Account scores 4.2 out of 5 based 18,247 Trustpilot reviews. Of which 64% are 5-star and 22% are 1-star.
Does Ulster Bank or SumUp Business Account 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, SumUp Business Account’s iPhone App is rated 4.8 out of 5 based on 12,400 reviews. And it’s Android App is rated 4.7 out of 5 based on 84,500 reviews.
Does Ulster Bank or SumUp Business Account 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, SumUp Business Account offers None accounts with interest rates ranging from NA to NA (AER).
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For other business bank accounts see our guide here.