Is Wise or Charity Bank better for your small business?
Below we look at both Wise and Charity 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.
Wise vs Charity Bank Trustpilot Reviews
| Wise | Charity Bank | |
| Trustpilot Review Score (out of 5) | 4.2 | 3.3 |
| Percent 5-Star Reviews | 83% | 33% |
| Percent 1- Star Reviews | 7% | 34% |
| Total Number of Reviews | 207,506 | 3 |
https://www.trustpilot.com/review/wise.com
https://www.trustpilot.com/review/charitybank.org
Wise vs Charity Bank App Reviews
| Wise | Charity Bank | |
| iPhone Review Score (out of 5) | 4.8 | No Rating |
| Number of iPhone Reviews | 85,400 | No Reviews |
| Android Review Score (out of 5) | 4.8 | No Rating |
| Number of Android Reviews | 762,000 | No Reviews |
https://apps.apple.com/gb/app/wise/id612261027
https://www.apple.com/uk/app-store/
Wise vs Charity Bank Account Fees & Charges
| Wise | Charity Bank | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | Free | Free |
| Most Expensive Monthly Account Fee | Free | Free |
| Electronic Payment Cost (in/out) | 0.42% | No |
| Cash Payments Cost (in/out) | 2% / 1.75% | Free |
| Cheques (in/out) | Unknown | Free |
| CHAPS Payments Cost | £25 | £10 |
| SEPA Payments Cost | No | 20p |
Wise vs Charity Bank Business Savings Rates
| Wise | Charity Bank | |
| Types of Business Savings Accounts | BlackRock ICS Sterling Government Liquidity Fund | CITR accounts, Easy Access, Notice Accounts, Fixed Account |
| Lowest Savings Rate (AER) | 4.67% | 2.02% |
| Maximum Savings Rate (AER) | 4.67% | 4.51% |
| Minimum Savings Amount | £1 | £1,000 |
| Interest Paid On Foreign Currencies | Yes | No |
Wise vs Charity Bank Account Opening Times
| Wise | Charity Bank | |
| 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 | Yes |
Wise vs Charity Bank Features & Account Types
| Wise | Charity Bank | |
| Business Current Account | Yes | Yes |
| 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 | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | No |
| In Person/Branch Banking | Yes | No |
| Branch Locations | None, online only | Tonbridge |
Wise vs Charity Bank Customer Support Options
| Wise | Charity Bank | |
| 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 |
Wise vs Charity Bank Foreign Currency Accounts
| Wise | Charity Bank | |
| US Dollar (USD) Bank Accounts | Yes | No |
| Euro (EUR) Bank Accounts | Yes | No |
| Other Currencies Available: |
| No |
Other Business Services From Wise and Charity Bank
| Wise | Charity Bank | |
| 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 Charity Bank Banking Basics
| Wise | Charity Bank | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | No, unless money is held in assets | Yes, up to £85,000 |
| FCA Number | 900507 | 207701 |
| Website | Wise Website | Charity Bank Website |
Common Comparison Questions
Does Wise or Charity Bank 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, Charity Bank scores 3.3 out of 5 based 3 Trustpilot reviews. Of which 33% are 5-star and 34% are 1-star.
Does Wise or Charity Bank 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, Charity Bank’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 Wise or Charity Bank 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, Charity Bank offers CITR accounts, Easy Access, Notice Accounts, Fixed Account accounts with interest rates ranging from 2.02% to 4.51% (AER).
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For other business bank accounts see our guide here.