Is Wise or Cambridge Building Society better for your small business?
Below we look at both Wise and Cambridge Building Society 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.
Wise vs Cambridge Building Society Trustpilot Reviews
| Wise | Cambridge Building Society | |
| Trustpilot Review Score (out of 5) | 4.2 | 3.1 |
| Percent 5-Star Reviews | 83% | 53% |
| Percent 1- Star Reviews | 7% | 47% |
| Total Number of Reviews | 207,506 | 15 |
https://www.trustpilot.com/review/wise.com
https://www.trustpilot.com/review/www.cambridgebs.co.uk
Wise vs Cambridge Building Society App Reviews
| Wise | Cambridge Building Society | |
| iPhone Review Score (out of 5) | 4.8 | 4 |
| Number of iPhone Reviews | 85,400 | 35 |
| Android Review Score (out of 5) | 4.8 | 2.6 |
| Number of Android Reviews | 762,000 | 29 |
https://apps.apple.com/gb/app/wise/id612261027
https://apps.apple.com/gb/app/cambridge-building-society/id1228676229
Wise vs Cambridge Building Society Account Fees & Charges
| Wise | Cambridge Building Society | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | Free | £10 |
| Most Expensive Monthly Account Fee | Free | £20 |
| Electronic Payment Cost (in/out) | 0.42% | Free |
| Cash Payments Cost (in/out) | 2% / 1.75% | £1.50 |
| Cheques (in/out) | Unknown | Free |
| CHAPS Payments Cost | £25 | No |
| SEPA Payments Cost | No | No |
Wise vs Cambridge Building Society Business Savings Rates
| Wise | Cambridge Building Society | |
| Types of Business Savings Accounts | BlackRock ICS Sterling Government Liquidity Fund | Business Saver, Council Saver, Notice Business Saver, Fixed Rate Business Bond |
| Lowest Savings Rate (AER) | 4.67% | 2.90% |
| Maximum Savings Rate (AER) | 4.67% | 4.25% |
| Minimum Savings Amount | £1 | £1,000 |
| Interest Paid On Foreign Currencies | Yes | No |
Wise vs Cambridge Building Society Account Opening Times
| Wise | Cambridge Building Society | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 2 Working days | Undisclosed |
| Do They Check Your Credit? | No | Yes |
| Current Account Switch Service | No | No |
Wise vs Cambridge Building Society Features & Account Types
| Wise | Cambridge Building Society | |
| Business Current Account | Yes | No |
| Business Savings Account | No | Yes |
| Business Credit Card | No | No |
| Business Overdraft | No | No |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | Yes |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | No | Yes |
| Card Type | Visa/Mastercard | None |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | Yes |
| Branch Locations | None, online only | Locations around Cambridge |
Wise vs Cambridge Building Society Customer Support Options
| Wise | Cambridge Building Society | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | Yes |
| Web Based Support | Yes | Yes |
| In person Customer Support | Yes | Yes |
Wise vs Cambridge Building Society Foreign Currency Accounts
| Wise | Cambridge Building Society | |
| US Dollar (USD) Bank Accounts | Yes | No |
| Euro (EUR) Bank Accounts | Yes | No |
| Other Currencies Available: |
| No |
Other Business Services From Wise and Cambridge Building Society
| Wise | Cambridge Building Society | |
| Business Loans | No | Yes |
| Commercial Mortgages | No | Yes |
| Invoice Financing | No | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | No |
| Card Machines | No | No |
| Free Accounting Software | Yes | No |
Wise vs Cambridge Building Society Banking Basics
| Wise | Cambridge Building Society | |
| Bank Type | Challenger | Building Society |
| FSCS Protection | No, unless money is held in assets | Yes, up to £85,000 |
| FCA Number | 900507 | 157223 |
| Website | Wise Website | Cambridge Building Society Website |
Common Comparison Questions
Does Wise or Cambridge Building Society have better customer reviews?
Wise scores 4.2 out of 5 based 207,506 Trustpilot reviews. Of these reviews 83% are 5-star and 7% are 1-star.
Whereas, Cambridge Building Society scores 3.1 out of 5 based 15 Trustpilot reviews. Of which 53% are 5-star and 47% are 1-star.
Does Wise or Cambridge Building Society have a better App?
Wise’s iPhone App is rated 4.8 out of 5 based on 85,400 reviews. And it’s Android App is rated 4.8 out of 5 based on 762,000 reviews.
In comparison, Cambridge Building Society’s iPhone App is rated 4 out of 5 based on 35 reviews. And it’s Android App is rated 2.6 out of 5 based on 29 reviews.
Does Wise or Cambridge Building Society have better business savings rates?
Wise offers the following types of business savings accounts: BlackRock ICS Sterling Government Liquidity Fund with interest rates ranging from 4.67% to 4.67%. (AER)
In contrast, Cambridge Building Society offers Business Saver, Council Saver, Notice Business Saver, Fixed Rate Business Bond accounts with interest rates ranging from 2.90% to 4.25% (AER).
See Other Comparisons:Wise vs PayPal Debit
Wise vs Allica Bank
Wise vs Cater Allen
Wise vs AIB (Allied Irish Bank)
Wise vs Unity Trust
For other business bank accounts see our guide here.