Wise VS Kent Reliance: Business Banking Review & Fee Comparison

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

Sources:
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

Sources:
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:	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	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.