Hampshire Trust Bank was founded in Farnham, hence the name, but it is now HQed in London. This bank offers an extremely restricted range of products to business customers at the time of writing; HTB never provides business current accounts, while SME savings accounts are also currently closed for applications.
You may be eligible to apply for a business loan, but even this offering is restricted to the property industry. 99% of SMEs and especially sole traders should look elsewhere for a bank to use for their business income.
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Hampshire Trust Bank business banking services
- Pros and cons
- Business current accounts
- Business overdrafts
- Business savings accounts
- Hampshire Trust Bank at a glance
- Hampshire Bank Trust business loans and finance
- Hampshire Trust Bank reviews
- Hampshire Trust Bank business eligibility criteria
- Hampshire Trust Bank business finance alternatives
- FAQ
Pros and cons of Hampshire Trust Bank for business services
| Pros of Hampshire Trust Bank | Cons of Hampshire Trust Bank |
|---|---|
| ✓ Excellent online reviews | ✗ No current accounts, and currently not accepting applications for savings accounts |
| ✓ FSCS protected | ✗ Lending is limited to the property sector |
| ✗ Lack of transparency surrounding interest on lending | |
| ✗ No apps |
Business current accounts
✗ Hampshire Trust Bank does not offer business current accounts – just savings (though these are also currently on hold and not accepting new applications) and lending streams to businesses in the property sector. See best business bank accounts.
Business overdrafts
✗ Not available through Hampshire Trust Bank. See best business overdrafts.
Business savings accounts
On paper, Hampshire Trust Bank offers fixed and variable rate savings accounts to SMEs. However, at present, Hampshire Trust Bank is not offering this opportunity.
Hampshire Trust Bank at a glance
| Phone number | 020 7862 6200 |
| App downloads | N/A |
| Website | www.htb.co.uk/business |
| Number of branches | N/A |
| FSCS protected? | Yes |
| Founded | 1977, relaunched in 2014 |
Hampshire Bank Trust business loans and finance
Hampshire Trust Bank offers loans related to the property industry. Any other business model will not be applicable for a loan through Hampshire Trust Bank.
Hampshire Trust Bank reviews
What are other business banking customers saying about The Hampshire Trust Bank?
| Review platform | Score | Number of votes |
|---|---|---|
| TrustPilot | 4.3/5 | 1,070 |
| Feefo | 4.5/5 | 1,450 |
| Reviews.co.uk | Not reviewed | N/A |
| Smart Money People | 4.6/5 | 5 |
| Which? | Not reviewed | N/A |
| Average score | 4.47/5 | 1,525 |
Hampshire Trust Bank business eligibility criteria
Hampshire Trust Bank is not a localised service, so any sole trader or SME will be entitled to apply for a savings account when applications are open again. You’ll just need to provide evidence of your identity and standing as a UK-based businessperson. Lending streams are limited to the property industry.
Hampshire Trust Bank business finance alternatives
As Hampshire Trust Bank is not currently accepting applications for business savings accounts, consider Aldermore or Allica Bank, who are widely considered the gold standards for such services. If you want a current account alongside a savings account and lending streams with a greater range of eligibility, consider a high street bank – though that will likely involve a sacrifice on your savings interest.
FAQ
Yes, Hampshire Trust Bank is a proper bank. It is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the PRA, making it a fully-regulated financial institution. The bank offers current accounts and savings accounts as well as business banking services.
You can open a business account online with Hampshire Trust Bank. To do this, you’ll need to provide information about yourself and your business, including your address, email address and contact details as well as financial information such as turnover and other financial records. Once you’ve completed the application form, the bank will review it and if successful, they will provide you with an account number and a PIN. You can then use this number to access your new Hampshire Trust Bank business account.
Hampshire Trust Bank offers a range of banking services for businesses, including current accounts, savings accounts and overdrafts. The bank also provides online banking services, allowing users to view and manage their accounts online. The bank also offers a range of payment services such as credit cards, debit cards and direct debits. Additionally, the bank provides business loan products and other financial services such as foreign exchange transactions.
Hampshire Trust Bank charges various fees for its services, including an account opening fee, a monthly maintenance fee, and transaction fees for activities such as cash deposits and withdrawals. You can find more information about these fees on the bank’s website.
Hampshire Trust Bank accepts a variety of payment methods, including credit cards, debit cards, bank transfers and direct debits. The bank also offers alternative payment services such as mobile payments and online banking.