Barclays and HSBC Kinetic both offer a range of business banking options. But which is better?
Below we compare Barclays vs HSBC Kinetic on 61 different metrics including business savings account rates, current account fees, Trustpilot reviews and many, many more so you can decide for yourself.
Barclays vs HSBC Kinetic Business Savings Accounts Comparison
| Barclays | HSBC Kinetic | |
| Types of Savings Accounts | Instant access, Fixed-term Treasury Reserve Accounts | Instant Access, 30-60 Day Notice Accounts |
| Lowest Savings Rate | 1.00% | 1.80% |
| Maximum Savings Rate | 1.61% | 1.89% |
| Minimum Investment Amount | £0 | Not Stated |
| Website | Barclays Website | HSBC Kinetic Website |
- Earn 2.25%-3.51% AER.
- Interest paid daily on both work and non-work days
- Add or withdraw money with zero restrictions 24/7
- Earn 3.55% AER (variable)
- Instant access to your money when needed
- No limits or fees on withdrawals
- Earn 3.66% – 4.51% AER.
- Offers a choice of easy access or fixed-term accounts.
- Average independent review score of 4.7 out of 5.
Barclays vs HSBC Kinetic Free Business Bank Accounts
Below we look at the free business bank account options Barclays and HSBC Kinetic each offer.
Barclays | HSBC Kinetic | |
| Free Business Bank Account? | Yes | No |
| Free Business Account Term Length | 12 Months | 12 months |
- Free version available forever
- Hold and exchange 25+ currencies
- IBANs for Global Transfers
- Ability to invest through your account
- Mobile business account, accessible online and on desktop 24/7
- No Monthly Fee
- 24/7 Online banking & Bank app
- Friendly UK phone support
- Xero, Quickbooks & Sage accounting software integration
- FSCS Protected up to £85k
- Basic account is free forever
- Up to £150,000 of credit, straight through the app
- Business Mastercard, with free purchases at home and abroad
- Trusted by 500,000+ UK businesses
- FSCS protected up to £85,000 via Clearbank
Barclays vs HSBC Kinetic Fees & Pricing
Barclays | HSBC Kinetic | |
| Cheapest Monthly Account Fee | £8.50 | £6.50 |
| Most Expensive Monthly Account Fee | £8.50 | £6.50 |
| Electronic Payments (in/out) | Free (up to 500 per month; 35p after) | Free |
| Cash Payments (in/out) | 60p per £100/Free | 0.60%/£1.50 |
| Cheques (in/out) | 60p each/60p each | 25p cheques over £100,000. |
| Debit Card Payments | Free | Yes |
| CHAPS Payments | £15 | £17 |
| SEPA Payments | 35p | £0.20 |
Barclays vs HSBC Kinetic Account Types
Below we look at the different types of business bank accounts and other types of business finance solutions Barclays and HSBC Kinetic offer.
| Barclays | HSBC Kinetic | |
| Current Account Switch Service | Yes | Yes |
| Type of Card (Mastercard vs VISA) | Mastercard | Mastercard |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes, via Barclaycard | Yes |
| Business Overdraft | Yes | Yes |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In person/Branch Banking | Yes | No |
| Invoice Financing | Yes | Yes |
| International Payments | Yes | Yes |
| Merchant Services | Yes, via Barclaycard | Yes |
| Free Accouting Software | Yes, FreshBooks | No |
Barclays vs HSBC Kinetic Foreign Currency Accounts
In this section we look at what types of foreign currency accounts each bank offers.
| Barclays | HSBC Kinetic | |
| US Dollar (USD) Bank Account | Yes | Yes |
| Euro (EUR) Bank Account | Yes | Yes |
| Other Currencies Available | Australian Dollar (AUD), Canadian Dollar (CAD), Chinese Yuan (CNY), Czech Koruna (CZK), Danish Krone (DKK), Hong Kong Dollar (HKD), Japanese Yen (JPY), New Zealand Dollar (NZD), Norwegian Krone (NOK), Polish Zloty (PLN), Singapore Dollar (SGD), South African Rand (ZAR), Swedish Krona (SEK), Swiss Franc (CHF), UAE Dirham (AED) | 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), |
Barclays vs HSBC Kinetic User Reviews
| Barclays | HSBC Kinetic | |
| Trustpilot Score (out of 5) | 1.4 | 1.4 |
| Number of Trustpilot Reviews | 8764 | 7876 |
| iPhone App Score | 4.8 | 4.8 |
| Number iPhone of Reviews | 1.7M | 12.7K |
| Android App Score | 4.5 | Not Rated |
| Number of Android App Reviews | 484K | NA |
Barclays vs HSBC Kinetic Banking Service Quality
Data for this section comes from the BVA BDRC Business banking service quality report.
| Barclays | HSBC Kinetic | |
| Overall Service Quality Ranking | 10 | Not Rated |
| Overall Service Quality Score | 54% | Not Rated |
| Online And Mobile Banking Services Ranking | 5 | Not Rated |
| Online And Mobile Banking Services Score | 67% | Not Rated |
| SME overdraft and loan services Ranking | 5 | Not Rated |
| SME overdraft and loan services Score | 54% | Not Rated |
| Relationship/account management Ranking | 8 | Not Rated |
| Relationship/account management Score | 54% | Not Rated |
| Service in branches and business centres Ranking | 11 | Not Rated |
| Service in branches and business centres Score | 43% | Not Rated |
Barclays vs HSBC Kinetic Overview
Here is some other key data about each bank.
| Barclays | HSBC Kinetic | |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| Market Share | 11.93% | 1.00% |
| Bank Type | High Street | High Street/Challenger |
| Total Assets | £1,203.54 billion GBP | £59.00 billion GBP |
| Swift/BIC Code | BARCGB33XXX | HBUKGB4BXXX |
| FCA Number | 122702 | 765112 |
| Company Number | 1026167 | 9928412 |
| Business Customer Phone Number | 0345 605 2345 | 44 1397 436960 |
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