Is Unity Trust or State Bank of India (UK) better for your small business?
Below we look at both Unity Trust 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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Unity Trust vs State Bank of India (UK) Trustpilot Reviews
| Unity Trust | State Bank of India (UK) | |
| Trustpilot Review Score (out of 5) | 4 | 3.7 |
| Percent 5-Star Reviews | 61% | 33% |
| Percent 1- Star Reviews | 14% | 34% |
| Total Number of Reviews | 255 | 3 |
https://www.trustpilot.com/review/unity.co.uk
https://www.trustpilot.com/review/sbiuk.statebank
Unity Trust vs State Bank of India (UK) App Reviews
| Unity Trust | State Bank of India (UK) | |
| iPhone Review Score (out of 5) | No Rating | 2.4 |
| Number of iPhone Reviews | No Reviews | 253 |
| Android Review Score (out of 5) | No Rating | 1.7 |
| Number of Android Reviews | No Reviews | 1,640 |
https://www.apple.com/uk/app-store/
https://apps.apple.com/gb/app/yono-sbi-uk/id1454780358
Unity Trust vs State Bank of India (UK) Account Fees & Charges
| Unity Trust | State Bank of India (UK) | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | £6 | £80 |
| Most Expensive Monthly Account Fee | £6 | £120 |
| Electronic Payment Cost (in/out) | 14p | Free |
| Cash Payments Cost (in/out) | 50p per £100 | £3 / Free |
| Cheques (in/out) | 30p per item | £10.00 per cheque |
| CHAPS Payments Cost | £28 | £25 |
| SEPA Payments Cost | 25p | £25 |
Unity Trust vs State Bank of India (UK) Business Savings Rates
| Unity Trust | State Bank of India (UK) | |
| Types of Business Savings Accounts | Instant Access, Fixed Term | Instant Access, Notice Savings, Fixed Deposit, Limited Access |
| Lowest Savings Rate (AER) | 2.77% | 1.95% |
| Maximum Savings Rate (AER) | 5.10% | 5.00% |
| Minimum Savings Amount | No | £1 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Unity Trust vs State Bank of India (UK) Account Opening Times
| Unity Trust | 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 |
Unity Trust vs State Bank of India (UK) Features & Account Types
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| Unity Trust | 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 | 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 | Limited locations in London and Midlands |
Unity Trust vs State Bank of India (UK) Customer Support Options
| Unity Trust | State Bank of India (UK) | |
| 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 State Bank of India (UK) Foreign Currency Accounts
| Unity Trust | 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 Unity Trust and State Bank of India (UK)
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| Unity Trust | State Bank of India (UK) | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | No | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | No |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Unity Trust vs State Bank of India (UK) Banking Basics
| Unity Trust | State Bank of India (UK) | |
| Bank Type | Challenger | Foreign Bank |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 204570 | 757156 |
| Website | Unity Trust Website | State Bank of India (UK) Website |
Common Comparison Questions
Does Unity Trust or State Bank of India (UK) 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, 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 Unity Trust or State Bank of India (UK) 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, 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 Unity Trust or State Bank of India (UK) 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, 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.