Is Virgin Money or Cater Allen better for your small business?
Below we look at both Virgin Money and Cater Allen 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.
Virgin Money vs Cater Allen Trustpilot Reviews
| Virgin Money | Cater Allen | |
| Trustpilot Review Score (out of 5) | 1.4 | 1.9 |
| Percent 5-Star Reviews | 5% | 7% |
| Percent 1- Star Reviews | 89% | 80% |
| Total Number of Reviews | 6,799 | 136 |
https://www.trustpilot.com/review/uk.virginmoney.com
https://www.trustpilot.com/review/www.caterallen.co.uk
Virgin Money vs Cater Allen App Reviews
| Virgin Money | Cater Allen | |
| iPhone Review Score (out of 5) | 4.6 | No Rating |
| Number of iPhone Reviews | 125,000 | No Reviews |
| Android Review Score (out of 5) | 4 | No Rating |
| Number of Android Reviews | 23,400 | No Reviews |
https://apps.apple.com/gb/app/virgin-money-mobile-banking/id1482269155
https://www.apple.com/uk/app-store/
Virgin Money vs Cater Allen Account Fees & Charges
| Virgin Money | Cater Allen | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 25 Months | NA |
| Cheapest Monthly Account Fee | No | Free |
| Most Expensive Monthly Account Fee | No | £25 |
| Electronic Payment Cost (in/out) | Free | £2 |
| Cash Payments Cost (in/out) | 90p per £100 | Free |
| Cheques (in/out) | 30p per cheque | £6 |
| CHAPS Payments Cost | £25 | £25 |
| SEPA Payments Cost | £20 | £2 |
Virgin Money vs Cater Allen Business Savings Rates
| Virgin Money | Cater Allen | |
| Types of Business Savings Accounts | Instant access accounts, Notice accounts, Fixed term deposit accounts | Fixed Term, Notice Account |
| Lowest Savings Rate (AER) | 1.35% | 3.00% |
| Maximum Savings Rate (AER) | 5.15% | 4.70% |
| Minimum Savings Amount | £1 | No |
| Interest Paid On Foreign Currencies | Yes | Yes |
Virgin Money vs Cater Allen Account Opening Times
| Virgin Money | Cater Allen | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 1 to 47 Working days | 7 days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | No |
Virgin Money vs Cater Allen Features & Account Types
| Virgin Money | Cater Allen | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | No |
| 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 | Yes | Yes |
| In Person/Branch Banking | Yes | No |
| Branch Locations | Northern England and Scotland only | None, online and phone only |
Virgin Money vs Cater Allen Customer Support Options
| Virgin Money | Cater Allen | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | No |
| Web Based Support | Yes | Yes |
| In person Customer Support | Yes | No |
Virgin Money vs Cater Allen Foreign Currency Accounts
| Virgin Money | Cater Allen | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: | No |
|
Other Business Services From Virgin Money and Cater Allen
| Virgin Money | Cater Allen | |
| Business Loans | Yes | No |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | No |
| Card Machines | No | No |
| Free Accounting Software | Yes | No |
Virgin Money vs Cater Allen Banking Basics
| Virgin Money | Cater Allen | |
| Bank Type | High Street | High Street |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 121873 | 178737 |
| Website | Virgin Money Website | Cater Allen Website |
Common Comparison Questions
Does Virgin Money or Cater Allen have better customer reviews?
Virgin Money scores 1.4 out of 5 based 6,799 Trustpilot reviews. Of these reviews 5% are 5-star and 89% are 1-star.
Whereas, Cater Allen scores 1.9 out of 5 based 136 Trustpilot reviews. Of which 7% are 5-star and 80% are 1-star.
Does Virgin Money or Cater Allen have a better App?
Virgin Money’s iPhone App is rated 4.6 out of 5 based on 125,000 reviews. And it’s Android App is rated 4 out of 5 based on 23,400 reviews.
In comparison, Cater Allen’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 Virgin Money or Cater Allen have better business savings rates?
Virgin Money offers the following types of business savings accounts: Instant access accounts, Notice accounts, Fixed term deposit accounts with interest rates ranging from 1.35% to 5.15%. (AER)
In contrast, Cater Allen offers Fixed Term, Notice Account accounts with interest rates ranging from 3.00% to 4.70% (AER).
See Other Comparisons:Virgin Money vs AIB (Allied Irish Bank)
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For other business bank accounts see our guide here.