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How business banking used to be, just better

Explore our business bank account

  • Earn up to 4.08% AER1 (variable) on instant access savings 
  • No monthly fees2 + up to 1.5% cashback3
  • A relationship manager you can count on
Apply now
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Subject to Eligibility.  Terms and Conditions apply.

1 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. Subject to eligibility – see Savings Pot Key Product Information for more details.

2 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.

3 Cashback is variable and based on card spend. Exclusions apply. See a full list of limits and fees here.

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Your iPhone is now your Allica Bank card.

Apple Pay makes it easy to pay with your Allica card on your iPhone, Apple Watch, Mac, iPad, and Apple Vision Pro.

Learn more

Terms apply

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A more rewarding business bank account,
made for established businesses

Established businesses are a vital part of our communities but they’re being let down by the big banks. Allica was built specifically to meet the unique needs of businesses like these.

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Up to 4.08% AER1 (variable) on instant access savings

Put your spare cash to work

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Up to 1.5% cashback3

On all card spend

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Dedicated relationship manager

A partner who understands your business

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All with no
monthly fees2

And up to 150 free Faster Payments a month.

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Savings pot

Help your money make money

Don’t leave your company cash sitting idle. Transfer it into your current account’s instant access Savings Pot and start earning up to 4.08% AER1 (variable). Deposit and withdraw for free any time.

Smarter tools, built into your
business account

Take control of your banking. Allica’s business current account makes managing your money easy, transparent and secure. And there’ll always be someone there to help if you need them.

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NewEXPENSE CARDS

Easier spending for the
whole team

  • Earn cashback every time your team spends.3
  • Improve security without having to share a single card
  • Track your team's spending and improve forecasting
  • Freeze cards and set custom limits for full control
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“It’s great to know that the money I’m saving with Allica is giving me interest, which I can re-invest into my business to help it grow.”
Beate Rothon
Founder, Gentle Dog Food
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A business bank for established businesses

Established businesses are those firms with 5–250 employees. A vital part of our communities, they employ a third of the UK workforce and contribute a third of GDP. But they’re being let down by the big banks. Allica was built specifically to meet the unique needs of businesses like these.

Assisted account opening

One of our team will help you open your account. Typically, it’ll only take a few days.

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Easy money management

Track your company spending and the interest you’ve earned in online banking and our app.

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Share access with your team

Add users to your account with controls on what they can do and how much they can spend.

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Add to your phone wallet

Make payments with Apple Pay®.
googlepay

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UK-based human support

Get help from our UK customer service team and your dedicated relationship manager.

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One of our team will help you open your account. Typically, it’ll only take a few days.

easy-money-management-UI

Track your company spending and the interest you’ve earned in online banking and our app.

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Add users to your account with controls on what they can do and how much they can spend.

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Make payments with Apple Pay®.
googlepay

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uk-based-support

Get help from our UK customer service team and your dedicated relationship manager.

Google Pay and Google Wallet are trademarks of Google LLC.

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Switching accounts is easier than you think

It's hassle-free with the Current Account Switch Service. Details

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Sync with your accounting tools

Connect with Sage, Xero or QuickBooks to automatically sync your transaction activity.

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Available online, iOS and Android

Easily manage your Business Rewards Account on the web or mobile app.

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“Running a 20-person business is stressful – no bank comes close to Allica when it comes to making my life easier.”
First Last
Director, Company

Sync with your favourite accounting tools

Save time by connecting your Allica Bank current account with your accounting software and automatically sync all your transaction activity.

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online-app

Available online, iOS or Android

Easily manage your Business Rewards Account on the web or by using our mobile app.

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SUPPORT

Great rewards. Great tools. Even better Matts.

SUPPORT

Great rewards. Great tools. Even better Katies.

SUPPORT

Great rewards. Great tools. Even better Rickys.

SUPPORT

Great rewards. Great tools. Even better Peters.

We believe in banking the way it used to be. That means a dedicated relationship manager and UK customer support team to help you get the most out of your bank account.

  • A direct line to your own relationship manager
  • No more call centres
  • A partner who understands your business
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Matt West
Relationship Manager, South West
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Katie Roberts
Relationship Manager, Yorkshire
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Ricky Kapoor
Relationship Manager, London
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Peter Norris
Relationship Manager, North West
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“Why would you be with a bank that doesn’t give you a relationship manager? Moving to Allica was a no-brainer.”
Andy Connacher
Founder, Whitewater Creative
List of features

Our Business Rewards Account
is the business bank account that rewards you

Click below to see full details, including transaction limits, cards, account fees, withdrawals, security, and more.

FSCS guaranteed

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.

Find out more about your eligibility for FSCS coverage here.

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See the difference a better bank can make

Trustpilot
20 Dec, 2024
Fantastic 5* Service
We recently opened a business account with Allica Bank. Not only do they offer competitive rates, you get to discuss your requirements with a person not an computer!  The whole experience from start to finish was brilliant thanks to Emily our account manger, who we can't thank enough. High Recommend
10 Jan, 2025
So refreshing - make the switch!
Having decided to leave Santander who made life increasingly difficult for no apparent reason, we found Allica (thanks Google!). A little apprehensive since I'd not heard of them, but the switch was super easy, the web interface and app are fantastic, and there are even humans who answer emails and calls to help when needed. A real business bank account, finally!
18 Oct, 2024
It's like travelling back in time to…
when humans ran banks. Setting up the account has been so straightforward. Lauren has responded immediately to all my emails - with a phone call when that was easier. So far it's been a pleasure dealing with Allica. I don't often write reviews - I felt compelled to do so this time.
18 Dec, 2024
Superb process
The whole process from start to finish was brilliant. Hope was able to take me through the steps and understood the nature of my business so could offer the best advice. will definitely be keeping this account and setting up future ones with Allica.
13 Dec, 2024
Very easy to get set up and running
Interface seems intuitive and easy to use. Customer services have been proactive. The open banking seems to work well, with transactions pulling into accounting software. Happy to recommend Allica Bank based on my experience to date.
15 Oct, 2024
Outstanding to date!
For a Bank that was little known to myself, I can only say how impressed I've been with their service standards. Lauren was exemplary in explaining everything & I'm about to be allocated my named account Manager. Some lovely old fashioned human values here mixed with modern banking technology & a user friendly app.
13 Dec, 2024
Allica business banking done better
They are great to deal with, easy to set-up and they actually pay interest on your business account unlike most! Highly recommend them.
28 Oct, 2024
The best 2 years banking ever
I’ve been with Allica for 2 years now. I’ve seen them respond well to customer comments and the app has come a long way since I started using it. There may be differences between other banking apps but to have seen the improvements and taking on board feedback is refreshing. I can't fault the account facilities and the interest rate we get.
23 Oct, 2024
A breath of fresh air...
How business banking should be... Exceptional response from relationship manager and a clear, open and personal attitude to SME business needs.  Simple and easy banking app. Just what you need! Recommended to many other SME owners.
13 Jan, 2025
This is how a Bank should be run!
Excellent service from day one, moving to Allica from a hopeless Lloyds (who it seems no longer want SME business), big thank you to Maria who went out of her way to open our account over Christmas/ New Year and help us meet a deadline.

We’re giving established businesses the banking they deserve

Transforming relationship banking with great rates, smart people and powerful technology. It’s a new take on an old idea – just like our orange hats.

Applying starts simple
and then gets simpler

It'll typically take a few days to open your account, and we'll be on hand to help with any issues.

1

Fill out the application form

You’ll be asked to provide some key details about your business and some questions around its activity.

2

We’ll get in touch

We’ll give you a call to finish your application and get you up and running, as well as answer any questions you have.

3

And you're ready to go

As long as we have all the information we need, we'll contact you within a few days to let you know your account is live.

0.25%

BOOST

Enjoy a little boost on us

As a way to say ‘hello’, we’re offering a boost to your interest in your first 3 months when you join Allica.

Important Information

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.

Apply now

To apply for a Business Rewards Account, select an option that suits you.

When we receive your application details we’ll give you a call back 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.

 

Assisted application

Give us a few simple details now and we’ll call you within one working day to complete your application.

  • Good if you’re busy and only have one minute to spare right now.
  • Good if you prefer doing things over the phone with a real person.
Apply now

Self-serve application

Make a full application online right now. It should only take ten minutes.

  • Good if you have ten minutes to spare.
  • We’ll still need to give you a quick call before we can open your account, but this won’t take as much time.
Apply now
Back

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

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.

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. 

Expand for more answers +

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 3333.

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