Important information

Further information about our Business Rewards Account:

Eligibility criteria

Our Business Rewards Account is a current account designed for established businesses who:

  • are incorporated for a minimum of 12 months
  • keep a balance of £50,000 or more in their account
  • or have a loan product with us

See Key Product Information for further information.

Savings Pot

Rate includes standard rate of 3.08% AER, plus a 0.5% boost each month if you make 15 bank transfers the previous month, and a 0.5% boost for six months if you complete a successful switch with the Current Account Switch Service (CASS). Rates correct as of 8th August 2025. 'AER' stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

Cashback

Cashback is variable based on eligibility and spend. See a full list of limits and fees here.

Eligibility criteria

To be eligible, your business must have two full years of financial accounts and be either a Limited Company or LLP registered at Companies House, or a partnership or sole trader that operates in England, Scotland or Wales.

Businesses can access a range of hard, medium and soft assets including manufacturing equipment, transportation, plant and machinery, materials handling equipment, textile equipment, robotics, medical equipment, scaffolding, telecoms and more.

Eligibility criteria

UK-registered limited companies, typically with two years of full financial accounts. Your business must be based in England, Scotland or Wales and trade on a business-to-business basis.

Eligibility criteria

Your business must have two full years of financial accounts and be either a Limited Company or LLP registered at Companies House, or a partnership or sole trader that operates in England, Scotland or Wales.

Businesses can include those trading from freehold/long leasehold property in England, Scotland and Wales e.g. offices (including professional practices), industrial units, mixed-use, warehouses, factories, retail, hotels, guest houses, restaurants, public houses, convenience stores and children’s day nurseries. Security will be required.

Eligibility criteria

Available for UK registered limited companies, LLPs, partnerships and sole traders in England, Scotland and Wales.

Legal documents

Further information about our Business Rewards Account:

Eligibility

Our Business Rewards Account is a current account designed for established businesses who:

  • are incorporated for a minimum of 12 months
  • keep a balance of £50,000 or more in their account
  • or have a loan product with us

See Key Product Information for further information.

Leaders in Accountancy Summit 2025

8 September | Convene 155 Bishopsgate, London

Frustrated with slow service, poor rates, or support that just doesn’t get your clients’ needs? It’s time for a better way. Join us at the Leaders in Accountancy Summit this September in London to learn how Allica is building banking that works for accountants and the businesses they support. From tailored tools to relationship-led service, our dedicated partnerships team is here to help you help your clients thrive.

Attending? Want to book a time to chat? Email us at accountants@allica.bank.

Savings Pot

Rate includes standard rate of 2.08% AER, plus a 0.5% boost each month if you make 15 bank transfers the previous month, and a 0.5% boost for six months if you complete a successful switch with the Current Account Switch Service (CASS). Rates correct as of 8th August 2025. 'AER' stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

Important information

Further information about our Business Rewards Account:

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Apply now

Fill out the form and we'll be in touch to complete your application.

Keep in mind: Our Business Rewards Account is designed for established businesses who keep a balance of £50,000 or more in their account. See our eligibility criteria.

 

Eligibility criteria

Allica’s business overdraft is made for Business Rewards Account customers who need the flexibility and tools to grow their business

  • Need an overdraft over £25,000 for business purposes
  • Be a UK Limited Company or Limited Liability Partnership
  • Have been trading for at least 24 months
  • Generate an annual turnover of more than £500,000 and be profitable

If your overdraft is approved but you don't already have a Business Rewards Account you'll need to open one before you can access the money.

What is a Personal Guarantee (PG)

A personal guarantee is a promise made by a person or an organisation to accept responsibility for some other party's debt if the debtor fails to pay it.

What is a Debenture?

In corporate finance, a debenture is a medium- to long-term debt instrument used by large companies to borrow money, at a fixed rate of interest.

Welcome Boost

Open a Business Rewards Account and a Savings Pot, deposit £50,000 or more within 14 days of receiving your online banking login and enjoy a 0.25% Welcome Boost on everything you hold in your Savings Pot. The boost applies only to funds kept in the Savings Pot.

Your boost lasts for 3 months, starting on the 1st of the following month. To qualify, you’ll need to open your account, set up your Savings Pot, and deposit at least £50,000 before 30th November 2025.

Send a message

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Your iPhone is now your Allica Bank card.

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An easy, secure, and private way to pay.

Apple Pay lets you make purchases with your Allica Bank card using any Apple device,
just like you would with your physical card, in store, online and in apps.

devices

Add it once. Use it everywhere.

Apple Pay is built into iPhone, Apple Watch, Mac, iPad and Apple Vision Pro. Once you add your Allica Bank card to Apple Wallet on your iPhone, you can easily add it to your other Apple devices — just open Apple Wallet on the new device and follow the on-screen instructions. 

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Shop in person. Online. Or use your card in apps. 

Apple Pay is accepted by millions of merchants around the world. Just look for the Pay symbol or the contactless payment symbol at checkout and pay with your Allica Bank card. To check out with Apple Pay if you’re on a computer but not using Safari or a Mac, click the Pay button and scan the code that appears onscreen with your iPhone

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Tap. Pay. Done.

Apple Pay lets you skip entering your address or CVC code at checkout — tap the Pay button, select your Allica Bank card and confirm your purchase.

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Designed to be secure. So only you can pay.

Every Apple Pay transaction requires authentication through your devices built-in security features, including Face ID, Touch ID and your passcode. Your debit or credit card number is never shared with merchants or stored on Apple servers. And if you misplace your iPhone, you can quickly mark it as lost in Find My to suspend your Allica Bank card.

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How to Add a card

To add your card through the Allica Bank app:

  1. Log in to the app.
  2. From the dashboard, go to ‘Cards’.
  3. Select the card you’d like to add.
  4. Select ‘Add to Apple Wallet’.

You can also add your Allica Bank card to Apple Wallet directly through the Apple Wallet app by following the on-screen instructions.

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The card benefits you love. With Apple Pay.

Enjoy the same rewards you love: use your Allica Bank card with Apple Pay and keep earning up to 1.5% cashback.1

1 Cashback is variable based on eligibility and spend. See a full list of limits and fees here.

You’ve got questions.
We’ve got answers.

You can use Apple Pay on most modern Apple devices. That includes iPhone 6 and later in stores, apps and Safari; Apple Watch (when paired with iPhone 6 or later) in stores and apps; and iPad Pro, iPad (5th generation), iPad Air 2 and iPad mini 3 or later in apps and Safari. You can also use Apple Pay on Macs from 2012 or later when using Safari and paired with an Apple Pay-enabled iPhone or Apple Watch. For the full list of supported devices, check Apple’s support page.

To add your card through the Allica Bank app:

  1. Log in to the app
  2. From the dashboard, go to ‘Cards’
  3. Select the card you'd like to add
  4. Select ‘Add to Apple Wallet’

You can also add your Allica Bank card to Apple Wallet directly through the Apple Wallet app by opening Apple Wallet, clicking on the + icon and following the on-screen instructions.

You can add your Allica Bank card to up to three devices at any given time. This includes both Android and Apple devices (phones and watches).

Just press and hold your Allica card in Apple Wallet, then drag it to the front of your stack.

Yes – you can use Apple Pay anywhere that takes contactless, in the UK and overseas. Just look for the contactless or Apple Pay logo at checkout.

Yes – you can use your Allica Bank-linked Apple Pay anywhere Apple Pay is accepted, including in many apps and websites. Just select Apple Pay at checkout.

If you don’t see the “Add to Wallet” button in the Allica Bank app, it could be because your card is already added to Apple Wallet on that device, or because you’ve reached the limit of three devices. Please note: you can add your Allica Bank card to a maximum of three devices.

If you have any questions, please email our customer services team at customer.services@allica.bank, or call us on 0330 094 3333.

There’s no spending limit set by Apple. Some merchants might have their own limits, though.

You’ll get one from Apple Wallet and one from us. If you’d rather not see both, you can turn off Apple notifications in your device settings.

No – freezing your card in the Allica app also stops it from working with Apple Pay.

If you lose your phone or Apple device you can use the Find My app on another Apple device to keep your cards safe. To do so, access the ‘Find My’ app and choose ‘Mark as lost’ to suspend your cards. Alternatively, use your iCloud account to remove your Allica card from Apple Pay.

If you lose your card, freeze it in the Allica app which will stop it from working with Apple Pay. Once you found it, unfreeze it and Apple Pay will work again.

Yes. Your Allica card details aren’t shared when you pay – Apple Pay uses a secure device-specific number and Face ID or Touch ID.

No – we won’t charge you to use Apple Pay. Standard card fees and limits still apply.

Yes – you can add multiple cards and choose which one to use when you pay.

Yes – just make sure your Apple device just make sure your phone or watch has enough battery.

Yes – as long as it’s an eligible purchase, you’ll earn cashback whether you use your physical card or Apple Pay. So you can tap your phone or watch and still get up to 1.5% cash back on what you spend. Cashback is variable based on eligibility and spend. See a full list of limits and fees at www.allica.bank/fees/rewards-account-fees-and-limits.

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Help, my question isn’t answered here.

Don’t worry, find the answer in our Help Centre or speak to our team on 0330 094 333

Apple Pay in more browsers: Available with participating merchants on compatible browsers. Compatible browsers require WebSocket support. This feature is not available in all markets. Software requirements apply. To ensure you have all features of this product, update your iPhone or iPad to the latest software version.

Apple Pay is a service provided by Apple Payments Services LLC, a subsidiary of Apple Inc. Neither Apple Inc. nor Apple Payments Services LLC is a bank. Any card used in Apple Pay is offered by the card issuer.

To use Apple Pay, you need a supported card from a participating card issuer. To check if your card is compatible with Apple Pay, contact your card issuer.

Apple Pay is not available in all markets. See apple.com/uk/ios/feature-availability/#apple-wallet-apple-pay for more information.

Features are subject to change. Some features, applications and services may not be available in all regions or all languages and may require specific hardware and software. See apple.com/uk/ios/feature-availability/#apple-wallet-apple-pay for more information.

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