Is Wise or Kent Reliance better for your small business?
Below we look at both Wise and Kent Reliance 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 Kent Reliance Trustpilot Reviews
| Wise | Kent Reliance | |
| Trustpilot Review Score (out of 5) | 4.2 | 4 |
| Percent 5-Star Reviews | 83% | 61% |
| Percent 1- Star Reviews | 7% | 22% |
| Total Number of Reviews | 207,506 | 2,104 |
https://www.trustpilot.com/review/wise.com
https://www.trustpilot.com/review/www.kentreliance.co.uk
Wise vs Kent Reliance App Reviews
| Wise | Kent Reliance | |
| 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 Kent Reliance Account Fees & Charges
| Wise | Kent Reliance | |
| 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% | £10 |
| Cash Payments Cost (in/out) | 2% / 1.75% | £1 |
| Cheques (in/out) | Unknown | £1 |
| CHAPS Payments Cost | £25 | £10 |
| SEPA Payments Cost | No | No |
Wise vs Kent Reliance Business Savings Rates
| Wise | Kent Reliance | |
| Types of Business Savings Accounts | BlackRock ICS Sterling Government Liquidity Fund | Easy access, Notice Account, Fixed rate, Business savings |
| Lowest Savings Rate (AER) | 4.67% | 0.10% |
| Maximum Savings Rate (AER) | 4.67% | 5.13% |
| Minimum Savings Amount | £1 | £1,000 |
| Interest Paid On Foreign Currencies | Yes | No |
Wise vs Kent Reliance Account Opening Times
| Wise | Kent Reliance | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 2 Working days | 10 minutes |
| Do They Check Your Credit? | No | Yes |
| Current Account Switch Service | No | No |
Wise vs Kent Reliance Features & Account Types
| Wise | Kent Reliance | |
| 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 | No |
| In Person/Branch Banking | Yes | Yes |
| Branch Locations | None, online only | Locations in Kent only |
Wise vs Kent Reliance Customer Support Options
| Wise | Kent Reliance | |
| 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 | Yes |
Wise vs Kent Reliance Foreign Currency Accounts
| Wise | Kent Reliance | |
| US Dollar (USD) Bank Accounts | Yes | No |
| Euro (EUR) Bank Accounts | Yes | No |
| Other Currencies Available: |
| No |
Other Business Services From Wise and Kent Reliance
| Wise | Kent Reliance | |
| Business Loans | No | Yes |
| Commercial Mortgages | No | Yes |
| Invoice Financing | No | No |
| International Payments | Yes | No |
| Merchant Payment Services | Yes | No |
| Card Machines | No | No |
| Free Accounting Software | Yes | No |
Wise vs Kent Reliance Banking Basics
| Wise | Kent Reliance | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | No, unless money is held in assets | Yes, up to £85,000 |
| FCA Number | 900507 | 530504 |
| Website | Wise Website | Kent Reliance Website |
Common Comparison Questions
Does Wise or Kent Reliance 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, Kent Reliance scores 4 out of 5 based 2,104 Trustpilot reviews. Of which 61% are 5-star and 22% are 1-star.
Does Wise or Kent Reliance 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, Kent Reliance’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 Kent Reliance 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, Kent Reliance offers Easy access, Notice Account, Fixed rate, Business savings accounts with interest rates ranging from 0.10% to 5.13% (AER).
See Other Comparisons:Wise vs Cynergy Bank
Wise vs Zempler Bank (formerly Cashplus)
Wise vs Co-operative Bank
Wise vs Aldermore
Wise vs Handelsbanken
For other business bank accounts see our guide here.