PayPal Debit and MultiPass both offer a range of business banking options. But which is better?
Below we compare PayPal Debit vs MultiPass on 61 different metrics including business savings account rates, current account fees, Trustpilot reviews and many, many more so you can decide for yourself.
PayPal Debit vs MultiPass Business Savings Accounts Comparison
| PayPal Debit | MultiPass | |
| Types of Savings Accounts | NA | NA |
| Lowest Savings Rate | NA | NA |
| Maximum Savings Rate | NA | NA |
| Minimum Investment Amount | NA | NA |
| Website | PayPal Debit Website | MultiPass 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.
PayPal Debit vs MultiPass Free Business Bank Accounts
Below we look at the free business bank account options PayPal Debit and MultiPass each offer.
PayPal Debit | MultiPass | |
| Free Business Bank Account? | No | No |
| Free Business Account Term Length | NA | NA |
- 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
PayPal Debit vs MultiPass Fees & Pricing
PayPal Debit | MultiPass | |
| Cheapest Monthly Account Fee | Free | £23 |
| Most Expensive Monthly Account Fee | Not Stated | £23 |
| Electronic Payments (in/out) | free | free |
| Cash Payments (in/out) | free | Free/£1 per £100 |
| Cheques (in/out) | free | Free |
| Debit Card Payments | Yes | No |
| CHAPS Payments | free | £18 |
| SEPA Payments | free | 1 |
PayPal Debit vs MultiPass Account Types
Below we look at the different types of business bank accounts and other types of business finance solutions PayPal Debit and MultiPass offer.
| PayPal Debit | MultiPass | |
| Current Account Switch Service | Yes | No |
| Type of Card (Mastercard vs VISA) | Mastercard | Mastercard |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | No |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | No |
| Business Loans | Yes | No |
| Commercial Mortgages | Yes | No |
| Online Banking | No | 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 | free | No |
PayPal Debit vs MultiPass Foreign Currency Accounts
In this section we look at what types of foreign currency accounts each bank offers.
| PayPal Debit | MultiPass | |
| US Dollar (USD) Bank Account | Yes | Yes |
| Euro (EUR) Bank Account | Yes | Yes |
| Other Currencies Available | AUD – Australian dollar, BRL – Brazilian real, CAD – Canadian dollar, CHF – Swiss franc, CNY – Chinese yuan, EUR – Euro, GBP – British pound sterling, HKD – Hong Kong dollar, INR – Indian rupee, JPY – Japanese yen, KRW – South Korean won, MXN – Mexican peso, NZD – New Zealand dollar, PHP – Philippine peso, PLN – Polish zloty, RUB – Russian ruble, SGD – Singapore dollar, USD – United States dollar, ZAR – South African rand, | AZN, BRL, BYN, BGN, HRK, HUF, ILS, INR, KZT, KRW, LAK, LTL, MXN, MYR, NOK, PHP, PLN, RON, RUB, SEK, SGD, THB, TRY, UAH, VND, ZAR |
PayPal Debit vs MultiPass User Reviews
| PayPal Debit | MultiPass | |
| Trustpilot Score (out of 5) | 1.3 | 4.1 |
| Number of Trustpilot Reviews | 26153 | 58 |
| iPhone App Score | 4.8 | No Iphone App |
| Number iPhone of Reviews | 6.2M | NA |
| Android App Score | 4.2 | No Android App |
| Number of Android App Reviews | 2.99M | NA |
PayPal Debit vs MultiPass Banking Service Quality
Data for this section comes from the BVA BDRC Business banking service quality report.
| PayPal Debit | MultiPass | |
| 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 |
PayPal Debit vs MultiPass Overview
Here is some other key data about each bank.
| PayPal Debit | MultiPass | |
| FSCS Protection | No | No |
| Market Share | 1.00% | 0.10% |
| Bank Type | Challenger | Challenger |
| Total Assets | £77.19 billion GBP | £0.125 billion GBP |
| Swift/BIC Code | PPALUS66XXX | DYPYGB3LXXX |
| FCA Number | 900003 | 900840 |
| Company Number | 5237727 | 8479722 |
| Business Customer Phone Number | Unknown | 44 20 3519 1373 |
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