Charity Bank and SumUp Business Account both offer a range of business banking options. But which is better?
Below we compare Charity Bank vs SumUp Business Account on 61 different metrics including business savings account rates, current account fees, Trustpilot reviews and many, many more so you can decide for yourself.
Charity Bank vs SumUp Business Account Business Savings Accounts Comparison
| Charity Bank | SumUp Business Account | |
| Types of Savings Accounts | Instant Access, Limited Access, 35 Day Notice, Fixed Term Deposit Accounts | NA |
| Lowest Savings Rate | 2.28% | NA |
| Maximum Savings Rate | 4.21% | NA |
| Minimum Investment Amount | £10,000 | NA |
| Website | Charity Bank Website | SumUp Business Account 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.
Charity Bank vs SumUp Business Account Free Business Bank Accounts
Below we look at the free business bank account options Charity Bank and SumUp Business Account each offer.
Charity Bank | SumUp Business Account | |
| Free Business Bank Account? | No | No |
| Free Business Account Term Length | NA | 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
Charity Bank vs SumUp Business Account Fees & Pricing
Charity Bank | SumUp Business Account | |
| Cheapest Monthly Account Fee | Free | Free |
| Most Expensive Monthly Account Fee | Free | Free |
| Electronic Payments (in/out) | Unknown | Free |
| Cash Payments (in/out) | free | Free |
| Cheques (in/out) | free | Free |
| Debit Card Payments | Yes | Yes |
| CHAPS Payments | £25 | Yes |
| SEPA Payments | £0.20 | Yes |
Charity Bank vs SumUp Business Account Account Types
Below we look at the different types of business bank accounts and other types of business finance solutions Charity Bank and SumUp Business Account offer.
| Charity Bank | SumUp Business Account | |
| Current Account Switch Service | Yes | No |
| Type of Card (Mastercard vs VISA) | Mastercard | Mastercard |
| Business Current Account | Yes | Yes |
| Business Savings Account | No | No |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | No |
| Business Loans | Yes | No |
| Commercial Mortgages | Yes | No |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In person/Branch Banking | No | No |
| Invoice Financing | No | No |
| International Payments | Yes | Yes |
| Merchant Services | No | Yes |
| Free Accouting Software | No | No |
Charity Bank vs SumUp Business Account Foreign Currency Accounts
In this section we look at what types of foreign currency accounts each bank offers.
| Charity Bank | SumUp Business Account | |
| US Dollar (USD) Bank Account | No | No |
| Euro (EUR) Bank Account | No | No |
| Other Currencies Available | None | None |
Charity Bank vs SumUp Business Account User Reviews
| Charity Bank | SumUp Business Account | |
| Trustpilot Score (out of 5) | 3.3 | 3 |
| Number of Trustpilot Reviews | 3 | 11211 |
| iPhone App Score | 4.9 | 3.7 |
| Number iPhone of Reviews | 3.1K | 75332 |
| Android App Score | 3 | 3.2 |
| Number of Android App Reviews | 70.9K | 66.7K |
Charity Bank vs SumUp Business Account Banking Service Quality
Data for this section comes from the BVA BDRC Business banking service quality report.
| Charity Bank | SumUp Business Account | |
| Overall Service Quality Ranking | Not Rated | Not Rated |
| Overall Service Quality Score | Not Rated | Not Rated |
| Online And Mobile Banking Services Ranking | Not Rated | Not Rated |
| Online And Mobile Banking Services Score | Not Rated | Not Rated |
| SME overdraft and loan services Ranking | Not Rated | Not Rated |
| SME overdraft and loan services Score | Not Rated | Not Rated |
| Relationship/account management Ranking | Not Rated | Not Rated |
| Relationship/account management Score | Not Rated | Not Rated |
| Service in branches and business centres Ranking | Not Rated | Not Rated |
| Service in branches and business centres Score | Not Rated | Not Rated |
Charity Bank vs SumUp Business Account Overview
Here is some other key data about each bank.
| Charity Bank | SumUp Business Account | |
| FSCS Protection | Yes, up to £85,000 | No |
| Market Share | No Data | 0.26% |
| Bank Type | Challenger | Challenger |
| Total Assets | £0.35805 billion GBP | €126.98 million EUR |
| Swift/BIC Code | CHBKGB2L | SUMUPGB21XXX |
| FCA Number | 726308 | 900700 |
| Company Number | 7824213 | 7411197 |
| Business Customer Phone Number | 03000 123 444 | Unkown |
More Business Banking Comparisons
Charity Bank vs Floodlight
Charity Bank vs Soldo
Charity Bank vs Handelsbanken
Charity Bank vs Saffron Building Society
Charity Bank vs Cambridge And Counties Bank