Wise VS HSBC Kinetic: Business Banking Review & Fee Comparison

Is Wise or HSBC Kinetic better for your small business?

Below we look at both Wise and HSBC Kinetic 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 HSBC Kinetic Trustpilot Reviews

	Wise	HSBC Kinetic
Trustpilot Review Score (out of 5)	4.2	1.9
Percent 5-Star Reviews	83%	0%
Percent 1- Star Reviews	7%	100%
Total Number of Reviews	207,506	13

Sources:
https://www.trustpilot.com/review/wise.com
https://www.trustpilot.com/review/hsbckinetic.co.uk

Wise vs HSBC Kinetic App Reviews

	Wise	HSBC Kinetic
iPhone Review Score (out of 5)	4.8	4.8
Number of iPhone Reviews	85,400	15,000
Android Review Score (out of 5)	4.8	4.7
Number of Android Reviews	762,000	4,000

Sources:
https://apps.apple.com/gb/app/wise/id612261027
https://apps.apple.com/gb/app/hsbc-kinetic/id1457310350

Wise vs HSBC Kinetic Account Fees & Charges

	Wise	HSBC Kinetic
Free Business Bank Account	No	Yes
Free Business Account Term Length	NA	12 Months
Cheapest Monthly Account Fee	Free	£6.50
Most Expensive Monthly Account Fee	Free	£6.50
Electronic Payment Cost (in/out)	0.42%	Free
Cash Payments Cost (in/out)	2% / 1.75%	1.10%
Cheques (in/out)	Unknown	50p per cheque
CHAPS Payments Cost	£25	£17
SEPA Payments Cost	No	24p

Wise vs HSBC Kinetic Business Savings Rates

	Wise	HSBC Kinetic
Types of Business Savings Accounts	BlackRock ICS Sterling Government Liquidity Fund	Instant access, 30+ day, 60+ day
Lowest Savings Rate (AER)	4.67%	1.94%
Maximum Savings Rate (AER)	4.67%	2.02%
Minimum Savings Amount	£1	No
Interest Paid On Foreign Currencies	Yes	Yes

Wise vs HSBC Kinetic Account Opening Times

	Wise	HSBC Kinetic
Can You Apply Online?	Yes	Yes
How Long Does Opening An Account Typically Take?	2 Working days	48 hours
Do They Check Your Credit?	No	Yes
Current Account Switch Service	No	Yes

Wise vs HSBC Kinetic Features & Account Types

	Wise	HSBC Kinetic
Business Current Account	Yes	Yes
Business Savings Account	No	Yes
Business Credit Card	No	Yes
Business Overdraft	No	Yes
Accounts For Startups	Yes	Yes
Accounts For Charities	Yes	No
Accounts For Sole Traders	Yes	Yes
Joint Business Accounts Available	No	No
Card Type	Visa/Mastercard	Visa
Online Banking	Yes	Yes
Mobile Banking	Yes	Yes
In Person/Branch Banking	Yes	No
Branch Locations	None, online only	Can use HSBC branches for some services

Wise vs HSBC Kinetic Customer Support Options

	Wise	HSBC Kinetic
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 HSBC Kinetic Foreign Currency Accounts

	Wise	HSBC Kinetic
US Dollar (USD) Bank Accounts	Yes	Yes
Euro (EUR) Bank Accounts	Yes	Yes
Other Currencies Available:	AUD – Australian dollar BGN – Bulgarian lev BRL – Brazilian real CAD – Canadian dollar CHF – Swiss franc CZK – Czech koruna DKK – Danish krone EUR – Euro GBP – British pound HKD – Hong Kong dollar HUF – Hungarian forint IDR – Indonesian rupiah INR – Indian rupee JPY – Japanese yen MYR – Malaysian ringgit NOK – Norwegian krone NZD – New Zealand dollar PLN – Polish złoty RON – Romanian leu SEK – Swedish krona SGD – Singapore dollar	Brazilian real (BRL) Canadian dollar (CAD) Chilean peso (CLP) Colombian peso (COP) Mexican peso (MXN) Chinese yuan (CNY) Hong Kong dollar (HKD) Indian rupee (INR) Japanese yen (JPY) Korean won (KRW) Malaysian ringgit (MYR) Singapore dollar (SGD) Thai baht (THB) Austrian euro (EUR) Belgian euro (EUR) Bulgarian lev (BGN) Croatian kuna (HRK) Czech koruna (CZK) Danish krone (DKK) Estonian euro (EUR) Finnish euro (EUR) French euro (EUR) German euro (EUR) Greek euro (EUR) Hungarian forint (HUF) Icelandic króna (ISK) Irish euro (EUR) Italian euro (EUR) Latvian euro (EUR) Lithuanian euro (EUR) Maltese euro (EUR) Dutch euro (EUR) Polish zloty (PLN) Portuguese euro (EUR) Romanian leu (RON) Slovak euro (EUR) Slovenian euro (EUR) Spanish euro (EUR) Australian dollar (AUD) New Zealand dollar (NZD)

Other Business Services From Wise and HSBC Kinetic

	Wise	HSBC Kinetic
Business Loans	No	Yes
Commercial Mortgages	No	No
Invoice Financing	No	No
International Payments	Yes	Yes
Merchant Payment Services	Yes	Yes
Card Machines	No	No
Free Accounting Software	Yes	No

Wise vs HSBC Kinetic Banking Basics

	Wise	HSBC Kinetic
Bank Type	Challenger	High Street/Challenger
FSCS Protection	No, unless money is held in assets	Yes, up to £85,000
FCA Number	900507	765112
Website	Wise Website	HSBC Kinetic Website

Common Comparison Questions

Does Wise or HSBC Kinetic 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, HSBC Kinetic scores 1.9 out of 5 based 13 Trustpilot reviews. Of which 0% are 5-star and 100% are 1-star.

Does Wise or HSBC Kinetic 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, HSBC Kinetic’s iPhone App is rated 4.8 out of 5 based on 15,000 reviews. And it’s Android App is rated 4.7 out of 5 based on 4,000 reviews.

Does Wise or HSBC Kinetic 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, HSBC Kinetic offers Instant access, 30+ day, 60+ day accounts with interest rates ranging from 1.94% to 2.02% (AER).

See Other Comparisons:
Wise vs CardOneMoney
Wise vs Fair Everywhere
Wise vs Countingup
Wise vs State Bank of India (UK)
Wise vs Charity Bank


For other business bank accounts see our guide here.