Is Unity Trust or Recognise Bank better for your small business?
Below we look at both Unity Trust and Recognise 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.
Unity Trust vs Recognise Bank Trustpilot Reviews
| Unity Trust | Recognise Bank | |
| Trustpilot Review Score (out of 5) | 4 | 4.6 |
| Percent 5-Star Reviews | 61% | 77% |
| Percent 1- Star Reviews | 14% | 5% |
| Total Number of Reviews | 255 | 539 |
https://www.trustpilot.com/review/unity.co.uk
https://www.trustpilot.com/review/recognisebank.co.uk
Unity Trust vs Recognise Bank App Reviews
| Unity Trust | Recognise Bank | |
| iPhone Review Score (out of 5) | No Rating | No Rating |
| Number of iPhone Reviews | No Reviews | No Reviews |
| Android Review Score (out of 5) | No Rating | No Rating |
| Number of Android Reviews | No Reviews | No Reviews |
https://www.apple.com/uk/app-store/
https://www.apple.com/uk/app-store/
Unity Trust vs Recognise Bank Account Fees & Charges
| Unity Trust | Recognise Bank | |
| Free Business Bank Account | No | Yes |
| Free Business Account Term Length | NA | No Limit |
| Cheapest Monthly Account Fee | £6 | No |
| Most Expensive Monthly Account Fee | £6 | No |
| Electronic Payment Cost (in/out) | 14p | Free |
| Cash Payments Cost (in/out) | 50p per £100 | Free |
| Cheques (in/out) | 30p per item | Free |
| CHAPS Payments Cost | £28 | £15 |
| SEPA Payments Cost | 25p | 25p |
Unity Trust vs Recognise Bank Business Savings Rates
| Unity Trust | Recognise Bank | |
| Types of Business Savings Accounts | Instant Access, Fixed Term | Notice account, Fixed Rate, Instant access |
| Lowest Savings Rate (AER) | 2.77% | 3.15% |
| Maximum Savings Rate (AER) | 5.10% | 4.50% |
| Minimum Savings Amount | No | £1,000 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Unity Trust vs Recognise Bank Account Opening Times
| Unity Trust | Recognise Bank | |
| 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 | Yes |
| Current Account Switch Service | Yes | No |
Unity Trust vs Recognise Bank Features & Account Types
| Unity Trust | Recognise Bank | |
| Business Current Account | Yes | No |
| Business Savings Account | Yes | Yes |
| 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 | Yes |
| Card Type | Mastercard | None |
| Online Banking | Yes | Yes |
| Mobile Banking | No | No |
| In Person/Branch Banking | No | No |
| Branch Locations | No own branches but can use NatWest, RBS or Ulster Bank locations | None, online and phone only |
Unity Trust vs Recognise Bank Customer Support Options
| Unity Trust | Recognise Bank | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | No | No |
| Web Based Support | Yes | Yes |
| In person Customer Support | No | No |
Unity Trust vs Recognise Bank Foreign Currency Accounts
| Unity Trust | Recognise 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 Unity Trust and Recognise Bank
| Unity Trust | Recognise Bank | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | No | No |
| International Payments | Yes | No |
| Merchant Payment Services | Yes | No |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Unity Trust vs Recognise Bank Banking Basics
| Unity Trust | Recognise Bank | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 204570 | 849404 |
| Website | Unity Trust Website | Recognise Bank Website |
Common Comparison Questions
Does Unity Trust or Recognise Bank 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, Recognise Bank scores 4.6 out of 5 based 539 Trustpilot reviews. Of which 77% are 5-star and 5% are 1-star.
Does Unity Trust or Recognise Bank 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, Recognise Bank’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.
Does Unity Trust or Recognise Bank 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, Recognise Bank offers Notice account, Fixed Rate, Instant access accounts with interest rates ranging from 3.15% to 4.50% (AER).
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For other business bank accounts see our guide here.