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Important information

Further information about our Business Rewards Account:

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 3.08% AER, plus a 0.5% boost each month if you make 15 bank transfers the previous month, and a 0.5% boost for six months if you complete a successful switch with the Current Account Switch Service (CASS). Rates correct as of 8th August 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:

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 2.08% AER, plus a 0.5% boost each month if you make 15 bank transfers the previous month, and a 0.5% boost for six months if you complete a successful switch with the Current Account Switch Service (CASS). Rates correct as of 8th August 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:

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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 28th February 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.

Send a message

Apply for an overdraft

Already a customer?

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

Continue

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

From 1st February 2026 customers whose balance falls below an average of £10,000 will incur a £25 fee. This does not apply to customers who hold an active loan product 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.
Allica Bank's padel & networking event

Co-hosted with Tony Fields from pH7 performance at Padel Stars, St Albans

Allica Bank's padel & networking event

Event date and time

27 November 2025

15:30 - 20:00

Event address

Batchwood Golf and Sports Centre Batchwood Drive, Harpenden AL3 5XA

Registration

Past Event

This event ended 13 days ago.

Event details

Join us for a relaxed afternoon on court!

Allica Bank’s relationship management team is teaming up with Tony Fields from pH7 Performance to bring you a padel networking event like no other.

Whether you’re a seasoned player or a total beginner, we’d love for you to join us for a bit of healthy competition, followed by drinks, food and a chance to connect with other local business leaders.

Here’s what you need to know:

📍 Venue: Padel Stars, St Albans
📅 Date: Thursday 27 November 2025
🕞 Time:

  • Arrive from 3:30pm
  • On court 4pm–6:30pm (equipment provided)
  • Food, drinks and networking 6:30pm–8pm
    🎾 Format: Fun tournament hosted by the in-house pro

Spaces are limited, so we’d love to hear from you by Thursday 7 November if you’d like to attend.

Speakers include

Taylor Hart
Taylor Hart - As a local Allica Bank relationship manager, Taylor has been supporting established businesses in the South East for over 8 years.
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