The bank account 
that pays you back.

Allica are a no-nonsense bank built specifically to give established businesses with between 5 and 250 employees the banking they deserve.

We got our banking licence in 2019 and have grown quickly since then, being named in the 2024 Sunday Times 100 list of fastest-growing private companies. Allica has offices in Milton Keynes, London and Manchester, and relationship managers up and down the country helping to give established businesses the banking they deserve. 

You can open a Business Rewards Account with Allica by completing our online application. We’ll then give you a quick call to finish your application and answer any questions you have. So long as everything’s in order, your account should be opened within a few days.

Our Business Rewards Account integrates with Xero, Sage, Free Agent and Quickbooks Intuit.

Yes! All our current accounts and savings accounts are covered by the Financial Services Compensation Scheme (FSCS). This means that, should anything happen to Allica Bank, any eligible deposit of up to £120,000 will be protected. 

Keep in mind this compensation covers all your accounts with Allica Bank , not each individual account. For example, if you have a total of £150,000 in two separate accounts with Allica Bank, the maximum compensation you could claim on your Allica’s deposits through FSCS is £120,000.

Find out more about your eligibility for FSCS coverage here. 

Once you’ve made your application, we’ll aim to have your account open in just a few working days.

You can earn cashback by making payments on your Allica Bank card.

Where you make a single transaction of £15,000 in a month you will earn 1% cashback because the total spend before that transaction was £0. Your cashback for that month will be £150.

Where you make two transactions in a month of £11,000 and then £4,000, you will earn cashback as follows:

• 1% cashback on the first transaction of £11,000; and
• 1.5% cashback on the second transaction of £4,000 (and any transactions after that in the month).

Your total cashback for that month will be £170.

For the avoidance of doubt, you will not earn cashback on payments made by bank transfer.

Please note that when you make a card payment it usually takes 2-3 days before the payment is settled – the amount first shows on your account as pending and then once it is settled it is moved to your completed transactions.

All payments made using your Card are eligible for the cashback offer once the transaction has settled, subject to the exclusions listed below.

You will not earn cashback on:

1. Cash withdrawal from an ATM; or
2. a transaction if a refund payment is made in respect of that transaction. If cashback has already been paid to you, and an eligible transaction is subsequently refunded, you authorise us to deduct the appropriate amount from your account.

Yes, businesses can have multiple bank accounts.

You can also open multiple Business Rewards Accounts with Allica to help you manage your money. And you won’t need to apply for each one. Once you’ve opened your first account with Allica you can easily open an additional account without having to make another application.