Is United Trust Bank or MyPOS better for your small business?
Below we look at both United Trust Bank and MyPOS 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 MyPOS Trustpilot Reviews
| United Trust Bank | MyPOS | |
| Trustpilot Review Score (out of 5) | 4.6 | 4.2 |
| Percent 5-Star Reviews | 78% | 67% |
| Percent 1- Star Reviews | 3% | 11% |
| Total Number of Reviews | 1,372 | 10,019 |
https://www.trustpilot.com/review/utbank.co.uk
https://www.trustpilot.com/review/mypos.com
United Trust Bank vs MyPOS App Reviews
| United Trust Bank | MyPOS | |
| iPhone Review Score (out of 5) | 5 | 4.2 |
| Number of iPhone Reviews | 5 | 698 |
| Android Review Score (out of 5) | No Rating | 3.3 |
| Number of Android Reviews | No Reviews | 14,900 |
https://apps.apple.com/us/app/united-trust-bank/id6444029400
https://apps.apple.com/gb/app/mypos-accept-all-payments/id934401253
United Trust Bank vs MyPOS Account Fees & Charges
| United Trust Bank | MyPOS | |
| Free Business Bank Account | No | Yes |
| Free Business Account Term Length | NA | No Limit |
| Cheapest Monthly Account Fee | £12.50 | No |
| Most Expensive Monthly Account Fee | £25 | No |
| Electronic Payment Cost (in/out) | Free | £1.50 |
| Cash Payments Cost (in/out) | Free / £1.50 | £2 |
| Cheques (in/out) | Free / £2.50 | Unknown |
| CHAPS Payments Cost | £25 | No |
| SEPA Payments Cost | No | £3 |
United Trust Bank vs MyPOS Business Savings Rates
| United Trust Bank | MyPOS | |
| Types of Business Savings Accounts | Fixed Term Business Bonds, Notice Accounts, Tracker Accounts | None |
| Lowest Savings Rate (AER) | 3.75% | NA |
| Maximum Savings Rate (AER) | 5.25% | NA |
| Minimum Savings Amount | £5,000 | NA |
| Interest Paid On Foreign Currencies | Yes | No |
United Trust Bank vs MyPOS Account Opening Times
| United Trust Bank | MyPOS | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 Working days | Few minutes |
| Do They Check Your Credit? | Yes | No |
| Current Account Switch Service | Yes | No |
United Trust Bank vs MyPOS Features & Account Types
| United Trust Bank | MyPOS | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | No |
| Business Credit Card | No | No |
| Business Overdraft | Yes | No |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | No |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | No |
| Card Type | Visa | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | No | No |
| Branch Locations | London office only | None, online only |
United Trust Bank vs MyPOS Customer Support Options
| United Trust Bank | MyPOS | |
| 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 | No |
United Trust Bank vs MyPOS Foreign Currency Accounts
| United Trust Bank | MyPOS | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
| No |
Other Business Services From United Trust Bank and MyPOS
| United Trust Bank | MyPOS | |
| Business Loans | Yes | No |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | Yes |
| Card Machines | No | Yes |
| Free Accounting Software | No | Yes |
United Trust Bank vs MyPOS Banking Basics
| United Trust Bank | MyPOS | |
| Bank Type | Challenger | Other |
| FSCS Protection | Yes, up to £85,000 | No |
| FCA Number | 204463 | 900826 |
| Website | United Trust Bank Website | MyPOS Website |
Common Comparison Questions
Does United Trust Bank or MyPOS 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, MyPOS scores 4.2 out of 5 based 10,019 Trustpilot reviews. Of which 67% are 5-star and 11% are 1-star.
Does United Trust Bank or MyPOS 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, MyPOS’s iPhone App is rated 4.2 out of 5 based on 698 reviews. And it’s Android App is rated 3.3 out of 5 based on 14,900 reviews.
Does United Trust Bank or MyPOS 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, MyPOS offers None accounts with interest rates ranging from NA to NA (AER).
See Other Comparisons:Natwest vs Barclays
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For other business bank accounts see our guide here.