Is United Trust Bank or State Bank of India (UK) better for your small business?
Below we look at both United Trust Bank and State Bank of India (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.
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United Trust Bank vs State Bank of India (UK) Trustpilot Reviews
| United Trust Bank | State Bank of India (UK) | |
| Trustpilot Review Score (out of 5) | 4.6 | 3.7 |
| Percent 5-Star Reviews | 78% | 33% |
| Percent 1- Star Reviews | 3% | 34% |
| Total Number of Reviews | 1,372 | 3 |
https://www.trustpilot.com/review/utbank.co.uk
https://www.trustpilot.com/review/sbiuk.statebank
United Trust Bank vs State Bank of India (UK) App Reviews
| United Trust Bank | State Bank of India (UK) | |
| iPhone Review Score (out of 5) | 5 | 2.4 |
| Number of iPhone Reviews | 5 | 253 |
| Android Review Score (out of 5) | No Rating | 1.7 |
| Number of Android Reviews | No Reviews | 1,640 |
https://apps.apple.com/us/app/united-trust-bank/id6444029400
https://apps.apple.com/gb/app/yono-sbi-uk/id1454780358
United Trust Bank vs State Bank of India (UK) Account Fees & Charges
| United Trust Bank | State Bank of India (UK) | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | £12.50 | £80 |
| Most Expensive Monthly Account Fee | £25 | £120 |
| Electronic Payment Cost (in/out) | Free | Free |
| Cash Payments Cost (in/out) | Free / £1.50 | £3 / Free |
| Cheques (in/out) | Free / £2.50 | £10.00 per cheque |
| CHAPS Payments Cost | £25 | £25 |
| SEPA Payments Cost | No | £25 |
United Trust Bank vs State Bank of India (UK) Business Savings Rates
| United Trust Bank | State Bank of India (UK) | |
| Types of Business Savings Accounts | Fixed Term Business Bonds, Notice Accounts, Tracker Accounts | Instant Access, Notice Savings, Fixed Deposit, Limited Access |
| Lowest Savings Rate (AER) | 3.75% | 1.95% |
| Maximum Savings Rate (AER) | 5.25% | 5.00% |
| Minimum Savings Amount | £5,000 | £1 |
| Interest Paid On Foreign Currencies | Yes | Yes |
United Trust Bank vs State Bank of India (UK) Account Opening Times
| United Trust Bank | State Bank of India (UK) | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 Working days | 3 to 4 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
United Trust Bank vs State Bank of India (UK) Features & Account Types
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| United Trust Bank | State Bank of India (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 | Limited locations in London and Midlands |
United Trust Bank vs State Bank of India (UK) Customer Support Options
| United Trust Bank | State Bank of India (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 State Bank of India (UK) Foreign Currency Accounts
| United Trust Bank | State Bank of India (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 State Bank of India (UK)
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| United Trust Bank | State Bank of India (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 State Bank of India (UK) Banking Basics
| United Trust Bank | State Bank of India (UK) | |
| Bank Type | Challenger | Foreign Bank |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 204463 | 757156 |
| Website | United Trust Bank Website | State Bank of India (UK) Website |
Common Comparison Questions
Does United Trust Bank or State Bank of India (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, State Bank of India (UK) scores 3.7 out of 5 based 3 Trustpilot reviews. Of which 33% are 5-star and 34% are 1-star.
Does United Trust Bank or State Bank of India (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, State Bank of India (UK)’s iPhone App is rated 2.4 out of 5 based on 253 reviews. And it’s Android App is rated 1.7 out of 5 based on 1,640 reviews.
Does United Trust Bank or State Bank of India (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, State Bank of India (UK) offers Instant Access, Notice Savings, Fixed Deposit, Limited Access accounts with interest rates ranging from 1.95% to 5.00% (AER).
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For other business bank accounts see our guide here.