Is Unity Trust or Reliance Bank better for your small business?
Below we look at both Unity Trust 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.
Unity Trust vs Reliance Bank Trustpilot Reviews
| Unity Trust | Reliance Bank | |
| Trustpilot Review Score (out of 5) | 4 | 3.4 |
| Percent 5-Star Reviews | 61% | 25% |
| Percent 1- Star Reviews | 14% | 25% |
| Total Number of Reviews | 255 | 4 |
https://www.trustpilot.com/review/unity.co.uk
https://www.trustpilot.com/review/www.reliancebankltd.com
Unity Trust vs Reliance Bank App Reviews
| Unity Trust | Reliance Bank | |
| iPhone Review Score (out of 5) | No Rating | 4.7 |
| Number of iPhone Reviews | No Reviews | 451 |
| Android Review Score (out of 5) | No Rating | 4 |
| Number of Android Reviews | No Reviews | 144 |
https://www.apple.com/uk/app-store/
https://apps.apple.com/us/app/reliance-bank-mobile-banking/id1050676219
Unity Trust vs Reliance Bank Account Fees & Charges
| Unity Trust | Reliance Bank | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | £6 | £7.50 |
| Most Expensive Monthly Account Fee | £6 | £7.50 |
| Electronic Payment Cost (in/out) | 14p | 25p |
| Cash Payments Cost (in/out) | 50p per £100 | 30p / 25p per £100 |
| Cheques (in/out) | 30p per item | 30p / 25p |
| CHAPS Payments Cost | £28 | £15 |
| SEPA Payments Cost | 25p | 25p |
Unity Trust vs Reliance Bank Business Savings Rates
| Unity Trust | Reliance Bank | |
| Types of Business Savings Accounts | Instant Access, Fixed Term | Instant Access, Fixed Term, Notice Savings |
| Lowest Savings Rate (AER) | 2.77% | 2.15% |
| Maximum Savings Rate (AER) | 5.10% | 4.40% |
| Minimum Savings Amount | No | £1,000 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Unity Trust vs Reliance Bank Account Opening Times
| Unity Trust | 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 |
Unity Trust vs Reliance Bank Features & Account Types
| Unity Trust | 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 | Mastercard | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | No | Yes |
| In Person/Branch Banking | No | Yes |
| Branch Locations | No own branches but can use NatWest, RBS or Ulster Bank locations | London |
Unity Trust vs Reliance Bank Customer Support Options
| Unity Trust | Reliance Bank | |
| 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 | Yes |
Unity Trust vs Reliance Bank Foreign Currency Accounts
| Unity Trust | 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 Unity Trust and Reliance Bank
| Unity Trust | Reliance Bank | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| 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 Reliance Bank Banking Basics
| Unity Trust | Reliance Bank | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 204570 | 204537 |
| Website | Unity Trust Website | Reliance Bank Website |
Common Comparison Questions
Does Unity Trust or Reliance 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, Reliance Bank scores 3.4 out of 5 based 4 Trustpilot reviews. Of which 25% are 5-star and 25% are 1-star.
Does Unity Trust or Reliance 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, 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 Unity Trust or Reliance 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, 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.