Is Ulster Bank or Triodos Bank better for your small business?
Below we look at both Ulster Bank and Triodos Bank 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 Triodos Bank Trustpilot Reviews
| Ulster Bank | Triodos Bank | |
| Trustpilot Review Score (out of 5) | 1.5 | 4.1 |
| Percent 5-Star Reviews | 8% | 58% |
| Percent 1- Star Reviews | 86% | 22% |
| Total Number of Reviews | 114 | 514 |
https://www.trustpilot.com/review/www.ulsterbank.co.uk
https://www.trustpilot.com/review/triodos.co.uk
Ulster Bank vs Triodos Bank App Reviews
| Ulster Bank | Triodos Bank | |
| iPhone Review Score (out of 5) | 4.8 | 4.6 |
| Number of iPhone Reviews | 15,700 | 1,700 |
| Android Review Score (out of 5) | 4.1 | 4.6 |
| Number of Android Reviews | 15,000 | 851 |
https://apps.apple.com/gb/app/ulster-bank-ni-mobile-banking/id469523324
https://apps.apple.com/gb/app/triodos-bank-uk/id1238649529
Ulster Bank vs Triodos Bank Account Fees & Charges
| Ulster Bank | Triodos Bank | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 24 Months | NA |
| Cheapest Monthly Account Fee | £8 | £3 |
| Most Expensive Monthly Account Fee | £12 | £3 |
| Electronic Payment Cost (in/out) | 43p | No |
| Cash Payments Cost (in/out) | 70p per £100 | Free / £1 |
| Cheques (in/out) | 40p | £1 |
| CHAPS Payments Cost | £18.75 | £20 |
| SEPA Payments Cost | €0.51 | No |
Ulster Bank vs Triodos Bank Business Savings Rates
| Ulster Bank | Triodos Bank | |
| 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 | Yes |
Ulster Bank vs Triodos Bank Account Opening Times
| Ulster Bank | Triodos Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 24 working hours | 1 to 2 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Ulster Bank vs Triodos Bank Features & Account Types
| Ulster Bank | Triodos Bank | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | Yes |
| Accounts For Startups | Yes | No |
| Accounts For Charities | Yes | No |
| 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 | No |
| Branch Locations | Northern Ireland Only | Bristol, London and Edinburgh |
Ulster Bank vs Triodos Bank Customer Support Options
| Ulster Bank | Triodos Bank | |
| 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 Triodos Bank Foreign Currency Accounts
| Ulster Bank | Triodos Bank | |
| US Dollar (USD) Bank Accounts | Yes | No |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
|
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Other Business Services From Ulster Bank and Triodos Bank
| Ulster Bank | Triodos Bank | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | No | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | No |
| Card Machines | Yes | No |
| Free Accounting Software | Yes | No |
Ulster Bank vs Triodos Bank Banking Basics
| Ulster Bank | Triodos Bank | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | NA | 817008 |
| Website | Ulster Bank Website | Triodos Bank Website |
Common Comparison Questions
Does Ulster Bank or Triodos Bank 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, Triodos Bank scores 4.1 out of 5 based 514 Trustpilot reviews. Of which 58% are 5-star and 22% are 1-star.
Does Ulster Bank or Triodos Bank 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, Triodos Bank’s iPhone App is rated 4.6 out of 5 based on 1,700 reviews. And it’s Android App is rated 4.6 out of 5 based on 851 reviews.
Does Ulster Bank or Triodos Bank 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, Triodos Bank 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.