Is Wise or Zempler Bank (formerly Cashplus) better for your small business?
Below we look at both Wise and Zempler Bank (formerly Cashplus) 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 Zempler Bank (formerly Cashplus) Trustpilot Reviews
| Wise | Zempler Bank (formerly Cashplus) | |
| Trustpilot Review Score (out of 5) | 4.2 | 3.7 |
| Percent 5-Star Reviews | 83% | 54% |
| Percent 1- Star Reviews | 7% | 30% |
| Total Number of Reviews | 207,506 | 9,921 |
https://www.trustpilot.com/review/wise.com
https://www.trustpilot.com/review/www.cashplus.com
Wise vs Zempler Bank (formerly Cashplus) App Reviews
| Wise | Zempler Bank (formerly Cashplus) | |
| iPhone Review Score (out of 5) | 4.8 | 4.7 |
| Number of iPhone Reviews | 85,400 | 48,000 |
| Android Review Score (out of 5) | 4.8 | 4.5 |
| Number of Android Reviews | 762,000 | 23,400 |
https://apps.apple.com/gb/app/wise/id612261027
https://apps.apple.com/gb/app/cashplus-bank/id709473017
Wise vs Zempler Bank (formerly Cashplus) Account Fees & Charges
| Wise | Zempler Bank (formerly Cashplus) | |
| Free Business Bank Account | No | Yes |
| Free Business Account Term Length | NA | No Limit |
| Cheapest Monthly Account Fee | Free | No |
| Most Expensive Monthly Account Fee | Free | £9 |
| Electronic Payment Cost (in/out) | 0.42% | Free / 30p |
| Cash Payments Cost (in/out) | 2% / 1.75% | 0.5% / £2 |
| Cheques (in/out) | Unknown | Unknown |
| CHAPS Payments Cost | £25 | £20 |
| SEPA Payments Cost | No | £15 |
Wise vs Zempler Bank (formerly Cashplus) Business Savings Rates
| Wise | Zempler Bank (formerly Cashplus) | |
| Types of Business Savings Accounts | BlackRock ICS Sterling Government Liquidity Fund | None |
| Lowest Savings Rate (AER) | 4.67% | NA |
| Maximum Savings Rate (AER) | 4.67% | NA |
| Minimum Savings Amount | £1 | NA |
| Interest Paid On Foreign Currencies | Yes | No |
Wise vs Zempler Bank (formerly Cashplus) Account Opening Times
| Wise | Zempler Bank (formerly Cashplus) | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 2 Working days | 1 day |
| Do They Check Your Credit? | No | No |
| Current Account Switch Service | No | No |
Wise vs Zempler Bank (formerly Cashplus) Features & Account Types
| Wise | Zempler Bank (formerly Cashplus) | |
| Business Current Account | Yes | Yes |
| Business Savings Account | No | No |
| Business Credit Card | No | Yes |
| Business Overdraft | No | Yes |
| 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 | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | No |
| Branch Locations | None, online only | None, online only |
Wise vs Zempler Bank (formerly Cashplus) Customer Support Options
| Wise | Zempler Bank (formerly Cashplus) | |
| 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 | No |
Wise vs Zempler Bank (formerly Cashplus) Foreign Currency Accounts
| Wise | Zempler Bank (formerly Cashplus) | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
| No |
Other Business Services From Wise and Zempler Bank (formerly Cashplus)
| Wise | Zempler Bank (formerly Cashplus) | |
| Business Loans | No | Yes |
| Commercial Mortgages | No | No |
| Invoice Financing | No | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | No | No |
| Free Accounting Software | Yes | No |
Wise vs Zempler Bank (formerly Cashplus) Banking Basics
| Wise | Zempler Bank (formerly Cashplus) | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | No, unless money is held in assets | Yes, up to £85,000 |
| FCA Number | 900507 | 671140 |
| Website | Wise Website | Zempler Bank (formerly Cashplus) Website |
Common Comparison Questions
Does Wise or Zempler Bank (formerly Cashplus) 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, Zempler Bank (formerly Cashplus) scores 3.7 out of 5 based 9,921 Trustpilot reviews. Of which 54% are 5-star and 30% are 1-star.
Does Wise or Zempler Bank (formerly Cashplus) 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, Zempler Bank (formerly Cashplus)’s iPhone App is rated 4.7 out of 5 based on 48,000 reviews. And it’s Android App is rated 4.5 out of 5 based on 23,400 reviews.
Does Wise or Zempler Bank (formerly Cashplus) 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, Zempler Bank (formerly Cashplus) offers None accounts with interest rates ranging from NA to NA (AER).
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For other business bank accounts see our guide here.