Find your perfect personal and business account with no monthly fees*, industry-leading features, and real relationship banking help from people who really know what they’re talking about.

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* Customers whose balance falls below an average of £10,000 in the previous month will incur a £25 monthly fee. This does not apply to customers who hold an active loan product (including an overdraft) with Allica Bank. Account fees are based on average account balance and activity status. See more details here.

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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/5th Floor, 15 Worship Street, London EC2A 2DT. 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/5th Floor, 15 Worship Street, London EC2A 2DT. 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.

Bridging Finance services are provided by Allica Bridging Finance Limited. Registered office: 3rd Floor 12-18 Grosvenor Gardens, London, England, SW1W 0DH. Incorporated under the laws of England and Wales with company number 10859711. Allica Bridging Finance Limited is not authorised or regulated by the Prudential Regulation Authority or the Financial Conduct Authority. The bridging products offered by Allica Bridging Finance Limited are not regulated products.

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Important information

Further information about our Business Rewards Account:

Limits, Fees, and Industry Restrictions;
Rewards Account Key Product Information;
Rewards Account Terms and Conditions;
Savings Pot Key Product Information;
Savings Pot Supplemental Terms & Conditions.

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 2.83% AER (minimum balance applies) plus a 0.5% boost each month if you make 15 bank transfers out of the account in the previous month, and a 0.5% boost for six months if you complete a switch with CASS and a 0.25% Welcome Boost for 3 months for new customers who deposit £50,000+ into their Savings Pot within 14 days. Rates correct as of 19th December 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 and based on card spend. Exclusions apply. 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:

Limits, Fees, and Industry Restrictions;
Current Account Key Product Information;
Current Account Terms and Conditions;
Savings Pot Key Product Information;
Savings Pot Supplemental Terms & Conditions.

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 1.83% AER (minimum balance applies) plus a 0.5% boost each month if you make 15 bank transfers out of the account in the previous month, and a 0.5% boost for six months if you complete a switch with CASS and a 0.25% Welcome Boost for 3 months for new customers who deposit £50,000+ into their Savings Pot within 14 days. Rates correct as of 19th December 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:

Limits, Fees, and Industry Restrictions;
Rewards Account Key Product Information;
Rewards Account Terms and Conditions;
Savings Pot Key Product Information;
Savings Pot Supplemental Terms & Conditions.

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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 new Business Rewards Account and a Savings Pot, deposit £50,000 or more within 14 days from receiving your welcome email 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 31st May 2026.

This offer is available to new Business Rewards Account customers only. Each business can hold more than one Business Rewards Account, but the Welcome Boost applies only to the first account opened with Allica Bank.

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Apply for an overdraft

Already a customer?

Log in to your account to apply. We’ll use your existing details to speed things up.

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New to Allica Bank?

Apply in minutes. It’s quick, easy and all online.

Get started

New to Allica Bank?

Apply in minutes. It’s quick, easy and all online.

Get started

Already a customer?

We’ll need to use your existing details to speed things up for you.

Continue

Get in touch

We'll look to get you set up with your Sage Easy Access savings account as soon as possible.

Please call us on 0330 094 3333, 9:00am - 5:00pm Monday to Friday (Wednesdays: 9.30am - 5pm).

Eligibility criteria

Elderly care homes & specialist learning disability care:

Experienced elderly care home operators (a minimum of two years as a care home owner-operator)
First-time buyers/new entrants of elderly care homes (operator with less than two years experience/first-time buyer)
Specialist learning disability care including children & adult learning centres (a minimum of three years as care home owner-operator, strong links to regulatory bodies and mature operational team)

Children’s day nurseries:

Experienced operators (a minimum of two years as children’s day nursery owner-operator)
First time buyers/new entrants must meet one of the following criteria:
- Have a minimum of three years direct experience working in a childcare setting with a senior position (e.g., primary school teachers, nursery setting, childminder, out of school clubs, social workers)
- Have suitable academic qualifications, such as HNC and HND Childcare and Education, BA Childhood Practice, Health and Social Care

Terms and conditions

This offer applies to new commercial owner-occupier mortgage applications received between 26 November 2025 and 31 March 2026.
Re-submissions of previously approved applications, further advances or investment loans will not be eligible.
Commitment fee will be waived.
If your loan completes by 30 June you will qualify for 0.5% cashback of the loan amount, excluding any fees.
Offer is subject to standard lending criteria and approval.
Cashback will be paid by the end of the second month following legal completion of the loan.
This promotion may be withdrawn or amended at any time without prior notice.

Monthly low balance fee

Customers whose balance falls below an average of £10,000 in the previous month will incur a £25 monthly fee. This does not apply to customers who hold an active loan product (including an overdraft) with Allica Bank. Account fees are based on average account balance and activity status. See more details here

Get in touch

Submit the form below and one of our team will get back to you to discuss partnership opportunities.

If you are an accountant, please submit your enquiry through our dedicated accounting partners page here.

Get in touch as soon as you become aware or are suspicious that fraud has taken place.

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.

Fill in the form and we’ll be in touch