A Business current account

with a relationship manager

  • No monthly fees
  • 3.85% AER* (variable) instant access Savings Pot
  • Earn up to 1.5% cashback on all eligible card spend*​*
  • UK-based customer support
  • Get a dedicated relationship manager

A business current account that rewards you for using it!

*Rate correct as of 4th January 2024. 'AER' stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compound once each year.

**See a full list of limits, fees, and industry restrictions here or read our key features document or service information.

Apply now

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No monthly fees

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3.85% AER* (variable) interest on savings

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up to 1.5% cashback**

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UK customer support

FSCS Protected

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 £85,000 will be protected.

Find out more about your eligibility for FSCS coverage here.

Instant-access

Savings Pot

Our Savings Pot is an exclusive feature of our Business Rewards Account. You can earn 3.85% AER on savings while you continue to earn from your spending.

  • Instant access - deposit or withdraw 
    funds 24/7.
  • 3.85% AER* (variable) interest rate
  • An exclusive feature of the Business Rewards Account.
  • FSCS protection (eligible deposits only).
  • Get a dedicated relationship manager.

*Rate correct as of 4th January 2024. 'AER' stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compound once each year.

Apply now

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What is a Business Rewards Account?

Our Business Rewards Account is a current account designed especially for established businesses.

Apply now

*Rate correct as of 4th January 2024. 'AER' stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compound once each year.

**See a full list of limits, fees, and industry restrictions here or read our key features document or service information.

***Faster Payments and BACS, subject to fair use policy – see Business Rewards Account Terms & Conditions

 

3.85% AER* (variable) integrated Savings Pot

Don't just earn cashback. Earn interest on your savings too. Savings Pots are an exclusive feature of the Business Rewards Account.

Up to 1.5% cashback**

Earn 1% cashback on your card spend and unlock 1.5% cashback on additional monthly card spend after you spend £10k in a month**

Your relationship manager

Get a dedicated relationship manager that will be with you every step of the way. We believe in building relationships, not call centres.

No monthly fees

It has zero monthly fees and free bank payments***

Get rewarded for your card spend

Here's how it works...

​​

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1​. Make a card payment

Use it just like your current business bank account and track your payments in the app.

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2. ​Get rewarded

Earn 1% cashback on all eligible card payments, paid at the end of the month.​

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3​. Unlock bonus rewards!

​Spend over £10k in one month and unlock a bonus rate of 1.5% for the rest of the month.​

Empower your business to succeed.

Join Britain's award-winning business bank

A Business Rewards Account

built for businesses like yours

Zero monthly fees
Free Faster Payments ✔*
Free BACS ✔*
1% cashback on card payments
1.5% cashback on card payments after £10k spent in a month for remainder of month
UK-based support team
FSCS protection (if eligible)
Manage using mobile app
Manage on the web
Direct credits in
Multiple director access and cards
Direct Debits out
Schedule payments
ATM withdrawals
Phone support
CHAPS payments
(for a fee of £20)
Deposit cash
Deposit cheques
Integrated savings pots with 3.85% AER interest
  Bulk Payments
(for a fee of £5)
  Two-person authorisation
  Relationship manager

**Faster Payments and BACS, subject to fair use policy – see Business Rewards Account Terms & Conditions.

"2023 was an incredible year for Allica. A particular highlight for me was the rollout of our business current account, which is a huge milestone on our mission to give established businesses the full-service relationship banking they deserve."

Richard Davies-1

Richard Davies
CEO
Allica Bank

About Allica Bank

Allica Bank is on a mission to become the most recommended business bank in the UK. We are dedicated to serving the needs of established businesses, who are the beating heart of the UK economy and our local communities.

We do this through a unique mix of real human expertise and powerful technology.

Based out of our offices in Milton Keynes, London and Manchester, Allica has relationship managers out on the road up and down the country helping businesses like yours.

No matter where we are, though, every one of us is committed to our four core values of:

  • Integrity
  • Collaboration
  • Being straightforward
  • Delivery

Apply now

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

To be eligible for a Business Rewards Account, your business must have been trading for at least 12 months. Additionally, your estimated annual turnover must be at least £500k or you must have at least five employees.

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