Is United Trust Bank or ICICI Bank UK better for your small business?
Below we look at both United Trust 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.
United Trust Bank vs ICICI Bank UK Trustpilot Reviews
| United Trust Bank | ICICI Bank UK | |
| Trustpilot Review Score (out of 5) | 4.6 | 2.7 |
| Percent 5-Star Reviews | 78% | 18% |
| Percent 1- Star Reviews | 3% | 74% |
| Total Number of Reviews | 1,372 | 23 |
https://www.trustpilot.com/review/utbank.co.uk
https://www.trustpilot.com/review/www.icicibank.co.uk
United Trust Bank vs ICICI Bank UK App Reviews
| United Trust Bank | ICICI Bank UK | |
| iPhone Review Score (out of 5) | 5 | 2.7 |
| Number of iPhone Reviews | 5 | 237 |
| Android Review Score (out of 5) | No Rating | 4 |
| Number of Android Reviews | No Reviews | 684 |
https://apps.apple.com/us/app/united-trust-bank/id6444029400
https://apps.apple.com/gb/app/icici-bank-uk-imobile/id1223898732
United Trust Bank vs ICICI Bank UK Account Fees & Charges
| United Trust Bank | ICICI Bank UK | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | £12.50 | £5 |
| Most Expensive Monthly Account Fee | £25 | £15 |
| Electronic Payment Cost (in/out) | Free | 25p |
| Cash Payments Cost (in/out) | Free / £1.50 | £5 per £1,000 / free |
| Cheques (in/out) | Free / £2.50 | £1 |
| CHAPS Payments Cost | £25 | £20 |
| SEPA Payments Cost | No | No |
United Trust Bank vs ICICI Bank UK Business Savings Rates
| United Trust Bank | ICICI Bank UK | |
| Types of Business Savings Accounts | Fixed Term Business Bonds, Notice Accounts, Tracker Accounts | Business Savings Account, Business Fixed Deposit |
| Lowest Savings Rate (AER) | 3.75% | 2.85% |
| Maximum Savings Rate (AER) | 5.25% | 4.50% |
| Minimum Savings Amount | £5,000 | £1 |
| Interest Paid On Foreign Currencies | Yes | Yes |
United Trust Bank vs ICICI Bank UK Account Opening Times
| United Trust Bank | ICICI Bank UK | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 Working days | 2 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
United Trust Bank vs ICICI Bank UK Features & Account Types
| United Trust Bank | ICICI Bank UK | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | No | 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 | Visa | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | No | Yes |
| Branch Locations | London office only | London, Birmingham and Manchester |
United Trust Bank vs ICICI Bank UK Customer Support Options
| United Trust 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 | No | Yes |
United Trust Bank vs ICICI Bank UK Foreign Currency Accounts
| United Trust 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 United Trust Bank and ICICI Bank UK
| United Trust Bank | ICICI Bank UK | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | No |
| Card Machines | No | No |
| Free Accounting Software | No | No |
United Trust Bank vs ICICI Bank UK Banking Basics
| United Trust Bank | ICICI Bank UK | |
| Bank Type | Challenger | Foreign Bank |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 204463 | 223268 |
| Website | United Trust Bank Website | ICICI Bank UK Website |
Common Comparison Questions
Does United Trust Bank or ICICI Bank UK have better customer reviews?
United Trust Bank scores 4.6 out of 5 based 1,372 Trustpilot reviews. Of these reviews 78% are 5-star and 3% 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 United Trust Bank or ICICI Bank UK have a better App?
United Trust Bank’s iPhone App is rated 5 out of 5 based on 5 reviews. And it’s Android App is rated No Rating out of 5 based on No Reviews 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 United Trust Bank or ICICI Bank UK have better business savings rates?
United Trust Bank offers the following types of business savings accounts: Fixed Term Business Bonds, Notice Accounts, Tracker Accounts with interest rates ranging from 3.75% to 5.25%. (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.