Is Unity Trust or HSBC Kinetic better for your small business?
Below we look at both Unity Trust and HSBC Kinetic 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.
Unity Trust vs HSBC Kinetic Trustpilot Reviews
| Unity Trust | HSBC Kinetic | |
| Trustpilot Review Score (out of 5) | 4 | 1.9 |
| Percent 5-Star Reviews | 61% | 0% |
| Percent 1- Star Reviews | 14% | 100% |
| Total Number of Reviews | 255 | 13 |
https://www.trustpilot.com/review/unity.co.uk
https://www.trustpilot.com/review/hsbckinetic.co.uk
Unity Trust vs HSBC Kinetic App Reviews
| Unity Trust | HSBC Kinetic | |
| iPhone Review Score (out of 5) | No Rating | 4.8 |
| Number of iPhone Reviews | No Reviews | 15,000 |
| Android Review Score (out of 5) | No Rating | 4.7 |
| Number of Android Reviews | No Reviews | 4,000 |
https://www.apple.com/uk/app-store/
https://apps.apple.com/gb/app/hsbc-kinetic/id1457310350
Unity Trust vs HSBC Kinetic Account Fees & Charges
| Unity Trust | HSBC Kinetic | |
| Free Business Bank Account | No | Yes |
| Free Business Account Term Length | NA | 12 Months |
| Cheapest Monthly Account Fee | £6 | £6.50 |
| Most Expensive Monthly Account Fee | £6 | £6.50 |
| Electronic Payment Cost (in/out) | 14p | Free |
| Cash Payments Cost (in/out) | 50p per £100 | 1.10% |
| Cheques (in/out) | 30p per item | 50p per cheque |
| CHAPS Payments Cost | £28 | £17 |
| SEPA Payments Cost | 25p | 24p |
Unity Trust vs HSBC Kinetic Business Savings Rates
| Unity Trust | HSBC Kinetic | |
| Types of Business Savings Accounts | Instant Access, Fixed Term | Instant access, 30+ day, 60+ day |
| Lowest Savings Rate (AER) | 2.77% | 1.94% |
| Maximum Savings Rate (AER) | 5.10% | 2.02% |
| Minimum Savings Amount | No | No |
| Interest Paid On Foreign Currencies | Yes | Yes |
Unity Trust vs HSBC Kinetic Account Opening Times
| Unity Trust | HSBC Kinetic | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 Working days | 48 hours |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Unity Trust vs HSBC Kinetic Features & Account Types
| Unity Trust | HSBC Kinetic | |
| 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 | No |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | No |
| Card Type | Mastercard | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | No | Yes |
| In Person/Branch Banking | No | No |
| Branch Locations | No own branches but can use NatWest, RBS or Ulster Bank locations | Can use HSBC branches for some services |
Unity Trust vs HSBC Kinetic Customer Support Options
| Unity Trust | HSBC Kinetic | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | No | Yes |
| Web Based Support | Yes | Yes |
| In person Customer Support | No | No |
Unity Trust vs HSBC Kinetic Foreign Currency Accounts
| Unity Trust | HSBC Kinetic | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
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Other Business Services From Unity Trust and HSBC Kinetic
| Unity Trust | HSBC Kinetic | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | No |
| Invoice Financing | No | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Unity Trust vs HSBC Kinetic Banking Basics
| Unity Trust | HSBC Kinetic | |
| Bank Type | Challenger | High Street/Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 204570 | 765112 |
| Website | Unity Trust Website | HSBC Kinetic Website |
Common Comparison Questions
Does Unity Trust or HSBC Kinetic have better customer reviews?
Unity Trust scores 4 out of 5 based 255 Trustpilot reviews. Of these reviews 61% are 5-star and 14% are 1-star.
Whereas, HSBC Kinetic scores 1.9 out of 5 based 13 Trustpilot reviews. Of which 0% are 5-star and 100% are 1-star.
Does Unity Trust or HSBC Kinetic have a better App?
Unity Trust’s iPhone App is rated No Rating out of 5 based on No Reviews reviews. And it’s Android App is rated No Rating out of 5 based on No Reviews reviews.
In comparison, HSBC Kinetic’s iPhone App is rated 4.8 out of 5 based on 15,000 reviews. And it’s Android App is rated 4.7 out of 5 based on 4,000 reviews.
Does Unity Trust or HSBC Kinetic have better business savings rates?
Unity Trust offers the following types of business savings accounts: Instant Access, Fixed Term with interest rates ranging from 2.77% to 5.10%. (AER)
In contrast, HSBC Kinetic offers Instant access, 30+ day, 60+ day accounts with interest rates ranging from 1.94% to 2.02% (AER).
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For other business bank accounts see our guide here.