Is United Trust Bank or Reliance Bank better for your small business?
Below we look at both United Trust Bank and Reliance 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.
United Trust Bank vs Reliance Bank Trustpilot Reviews
| United Trust Bank | Reliance Bank | |
| Trustpilot Review Score (out of 5) | 4.6 | 3.4 |
| Percent 5-Star Reviews | 78% | 25% |
| Percent 1- Star Reviews | 3% | 25% |
| Total Number of Reviews | 1,372 | 4 |
https://www.trustpilot.com/review/utbank.co.uk
https://www.trustpilot.com/review/www.reliancebankltd.com
United Trust Bank vs Reliance Bank App Reviews
| United Trust Bank | Reliance Bank | |
| iPhone Review Score (out of 5) | 5 | 4.7 |
| Number of iPhone Reviews | 5 | 451 |
| Android Review Score (out of 5) | No Rating | 4 |
| Number of Android Reviews | No Reviews | 144 |
https://apps.apple.com/us/app/united-trust-bank/id6444029400
https://apps.apple.com/us/app/reliance-bank-mobile-banking/id1050676219
United Trust Bank vs Reliance Bank Account Fees & Charges
| United Trust Bank | Reliance Bank | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | £12.50 | £7.50 |
| Most Expensive Monthly Account Fee | £25 | £7.50 |
| Electronic Payment Cost (in/out) | Free | 25p |
| Cash Payments Cost (in/out) | Free / £1.50 | 30p / 25p per £100 |
| Cheques (in/out) | Free / £2.50 | 30p / 25p |
| CHAPS Payments Cost | £25 | £15 |
| SEPA Payments Cost | No | 25p |
United Trust Bank vs Reliance Bank Business Savings Rates
| United Trust Bank | Reliance Bank | |
| Types of Business Savings Accounts | Fixed Term Business Bonds, Notice Accounts, Tracker Accounts | Instant Access, Fixed Term, Notice Savings |
| Lowest Savings Rate (AER) | 3.75% | 2.15% |
| Maximum Savings Rate (AER) | 5.25% | 4.40% |
| Minimum Savings Amount | £5,000 | £1,000 |
| Interest Paid On Foreign Currencies | Yes | Yes |
United Trust Bank vs Reliance Bank Account Opening Times
| United Trust Bank | Reliance Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 Working days | 7 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
United Trust Bank vs Reliance Bank Features & Account Types
| United Trust Bank | Reliance Bank | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | No | No |
| Business Overdraft | Yes | Yes |
| Accounts For Startups | Yes | No |
| 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 |
United Trust Bank vs Reliance Bank Customer Support Options
| United Trust Bank | Reliance 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 | No | Yes |
United Trust Bank vs Reliance Bank Foreign Currency Accounts
| United Trust Bank | Reliance Bank | |
| 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 Reliance Bank
| United Trust Bank | Reliance Bank | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | Yes |
| Card Machines | No | No |
| Free Accounting Software | No | No |
United Trust Bank vs Reliance Bank Banking Basics
| United Trust Bank | Reliance Bank | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 204463 | 204537 |
| Website | United Trust Bank Website | Reliance Bank Website |
Common Comparison Questions
Does United Trust Bank or Reliance Bank 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, Reliance Bank scores 3.4 out of 5 based 4 Trustpilot reviews. Of which 25% are 5-star and 25% are 1-star.
Does United Trust Bank or Reliance Bank 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, Reliance Bank’s iPhone App is rated 4.7 out of 5 based on 451 reviews. And it’s Android App is rated 4 out of 5 based on 144 reviews.
Does United Trust Bank or Reliance Bank 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, Reliance Bank offers Instant Access, Fixed Term, Notice Savings accounts with interest rates ranging from 2.15% to 4.40% (AER).
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For other business bank accounts see our guide here.