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SMEs

Are online-only business savings accounts safe for large deposits?

Are online-only business savings accounts safe for large deposits? Discover the key protections, FSCS coverage, and smart security features to keep your business funds secure in 2025.

By Allica Bank

5 minute read · 18 July 2025

SMEs

Glamping pods to join Yorkshire Dales cycling hotspot thanks to Allica Bank

2 minute read · 11 July 2025

SMEs

Traditional vs challenger business accounts: what UK businesses need to know

5 minute read · 4 July 2025

SMEs

How to switch business bank accounts without disrupting your operations

5 minute read · 4 July 2025

SMEs

How to choose between notice periods and instant access for business savings

5 minute read · 4 July 2025

SMEs

How secure is business banking online? What to know in 2025

Is online business banking safe in 2025? Learn how banks protect your money, the tools to use, and tips to boost your security.

By Allica Bank

4 minute read · 4 July 2025

SMEs

How business banking helps manage working capital: smart moves for SMEs

5 minute read · 4 July 2025

SMEs

Digital business banking for SMEs: how tech-first banks are changing the game

5 minute read · 4 July 2025

SMEs

Business banking transaction fees explained: what you’re really paying for

4 minute read · 4 July 2025

SMEs

Business banking relationship manager: why personalised support still matters for SMEs

5 minute read · 4 July 2025

Criteria	Description
Loan size	£150,000 to £15 million
Repayment type	5-year interest only 5-year partially amortising
Arrangement fee	2.0%
Debt service cover	Commercial: 130% Semi-commercial: 120% Repayment cover calculated at pay rate for fixed rate mortgages and pay rate plus 2% for variable rates.
Early repayment charges	5 year fixed: 5%, 4%, 3%, 2%, 1% (years 1–5) Variable: 3% for the first 5 years

Criteria	Description
Loan size	£150,000 to £10 million
Repayment type	30 year capital & interest 5-year interest-only available at the start of the loan term for loans up to 75% LTV
Arrangement fee	1.5%
Debt service cover	130% Calculated on the rate not including the current account discount Repayment cover calculated at pay rate for fixed rate mortgages and pay rate plus 2% for variable rates
Early repayment charges	5 year fixed: 5%, 4%, 3%, 2%, 1% (years 1–5) Variable: 3% for the first 5 years
Owner-occupied hotels	Loans over 80% of VP value must be fully amortising from day one Personal guarantee to be given for any amount in excess of 70% of VP value

Criteria	Description
Loan size	£200,000 to £15 million
Repayment type	5-year interest only
Arrangement fee	2.0%
Interest cover	130% standard, 145% higher rate taxpayer Gross rent used for residential/ MUFB applications if; evidence of 3 months' loan repayments in cash via bank statements and one UBO/director with Experian Consumer score of 881+ plus a supporting personal guarantee. Otherwise we will use net rent assumption of gross rent minus 10%. HMO properties will always be assessed using gross rent minus 25%
Early repayment charges	5%, 4%, 3%, 2%, 1% (years 1–5)

Criteria	Description
Loan size	£500,000 to £15 million £5 million maximum loan for first time buyers
Repayment type	Capital and interest Experienced operators: 30 years First time operators: 20 years
Arrangement fee	1.5%
Debt service cover	130% adjusted EBITDA for children’s nurseries and experienced care operators 150% adjusted EBITDA for care first-time buyers Repayment cover calculated at pay rate for fixed rate mortgages and pay rate plus 2% for variable rates
Minimum size	Care homes: 20 bedrooms Specialist care: 4 bedrooms, if one or two properties, and flexible if there are three or more properties Children's nurseries: 40 places
Early repayment charges	5 year fixed: 5%, 4%, 3%, 2%, 1% (years 1–5) Variable: 3% for the first 5 years
Specialist care operators	Children’s learning disability care Adult learning disability residential care Adult supported living Minimum of three years as a specialist care home owner-operator required

Criteria	Description
Loan size	£150,000 to £10 million
Maximum loan to value	75% for residential and semi-commercial properties, 70% for commercial
Term	Up to 24 months
Fees	Arrangement fee of 2%, deducted from advance
Borrowers	UK registered limited companies, LLPs, partnerships and sole traders
Security	First legal charge over freehold or long leasehold title(s)
Insurance	Title insurance and search indemnity applied where possible
Valuations	AVMs and desktop valuations available up to 70%
Interest	Retained or serviced

Are online-only business savings accounts safe for large deposits?

Glamping pods to join Yorkshire Dales cycling hotspot thanks to Allica Bank

Traditional vs challenger business accounts: what UK businesses need to know

How to switch business bank accounts without disrupting your operations

How to choose between notice periods and instant access for business savings

How secure is business banking online? What to know in 2025

How business banking helps manage working capital: smart moves for SMEs

Digital business banking for SMEs: how tech-first banks are changing the game

Business banking transaction fees explained: what you’re really paying for

Business banking relationship manager: why personalised support still matters for SMEs

Explore award-winning business banking with Allica Bank