Take the hassle out of opening a business current account. Let us do it for you!
*Rate correct as of 1st March 2024. ‘AER’ stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
*See a full list of limits and fees here or read our key features document or service information.
***Payments and BACS, subject to fair use policy –
see Terms & Conditions.
Our Saving Pot is an exclusive feature of our Business Rewards Account. You can earn 4.33% AER on savings while you continue to earn from your spending.
All our savings accounts are covered by the Financial Services Compensation Scheme (FSCS). This means that, should anything happen to Allica Bank, any deposit of up to £85,000 will be protected.
Find out more about your eligibility for FSCS coverage here.
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Allica |
AIB |
Zero monthly fees |
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Free Faster Payments |
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Free BACS |
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1% cashback on card payments |
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1.5% cashback on card payments after £10k spent in a month for remainder of month |
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Dedicated relationship manager |
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FSCS protection (if eligible) |
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Manage using mobile app |
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Manage on the web |
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Direct credits in |
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Multiple director access and cards |
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Visa Debit card |
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Direct Debits out |
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Schedule payments |
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Allica |
AIB |
ATM withdrawals |
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Phone support |
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CHAPS payments |
✔ (for a fee of £20) |
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International payments (powered by Wise) |
Coming soon |
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Deposit cash |
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Deposit cheques |
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Integrated savings pots with 4.33% interest |
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Bulk payments |
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Two-person authorisation |
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Relationship manager |
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Allica Bank has been built especially to serve established SMEs. We combine modern tools and technology with having feet on the ground in our local communities. We believe in using human relationships and tailored expertise to empower SMEs with the tools they need to succeed.
**Faster Payments and BACS, subject to fair use policy – see Business Rewards Account Terms & Conditions.
Use it just like your current business bank account and track your payments in the app.
Earn 1% cashback on all eligible card payments, paid at the end of the month.
Spend over £10k in one month and unlock a bonus rate of 1.5% for the rest of the month.
Forget the days of being bounced around call centres. Every Allica Bank lending customer gets a dedicated relationship manager. Someone you can speak to directly and who gets to know you. Someone who will work in partnership with you and provide tailored expertise to help you get the best from your bank.
And our award-winning, UK-based customer support team is always here to help, too.
Allica Bank was built to empower established businesses to succeed. For too long, businesses have been taken for granted by their bank. We believe banks should help their customers grow and prosper with rewarding products and by working in partnership with them.
Based out of our offices in Milton Keynes, Manchester and London, we have a team of expert relationship managers out on the road across Great Britain, providing personal support to small and medium-sized businesses.
Currently offering businesses savings accounts, commercial mortgages and asset finance, our Business Rewards Account is designed to transform how businesses bank.
With 1% cashback on eligible card spend and 4.33% AER on savings*, Allica Bank has built the future of business current accounts. One that pays you – not the other way around.
*Subject to eligibility. Faster Payments and BACS, subject to fair use policy – see Business Rewards Account Terms & Conditions. The Savings Pot is an exclusive feature of Allica’s Business Rewards Account.
For more information on the Business Rewards Account limits and fees, please see a complete list of the Limits and Fees here and read the Key Product Information and Service Information. Click the following for the Business Rewards Account Terms & Conditions. See the Savings Pot Terms & Conditions, Savings Pot Product Summary, FSCS Information Sheet and Complaints Process.
Speak to your relationship manager to get set up, or fill in the form below.
Allica Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (FRN: 821851). Registered office: 4th Floor, 164 Bishopsgate, London EC2M 4LX. Registered in England and Wales with company number 07706156.
Allica Bank savings accounts and business current account products are regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Allica Bank lending products are not regulated products.
Asset finance and growth finance services are provided by Allica Financial Services Limited trading as Allica Bank Asset Finance. Registered office: 4th Floor, 164 Bishopsgate, London EC2M 4LX. Incorporated under the laws of England and Wales with company number 12784979. Allica Financial Services Limited is not authorised or regulated by the Prudential Regulation Authority or the Financial Conduct Authority. The asset finance and growth finance products offered by Allica Bank Asset Finance are not regulated products.