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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 based on eligibility and spend. 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 Business Rewards Account and a Savings Pot, deposit £50,000 or more within 14 days of receiving your online banking login 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 30th November 2025.

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Boardroom breakfast: Building your business growth roadmap

Co-hosted with Business Doctors, The National Business Register, TR Health Ltd, and Swig Finance

Boardroom breakfast: Building your business growth roadmap

Event date and time

8 October 2025

10:00 - 13:00

Event address

Sixways Stadium, Warriors Way, Worcester WR3 8ZE

Registration
To join the event, please register below.
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Register now

Boardroom breakfast: Building your business growth roadmap
10:00 - 13:00 , 8 October 2025
Sixways Stadium, Warriors Way, Worcester WR3 8ZE

Event details

Allica Bank is delighted to extend a special invitation to our Boardroom Breakfast event at Sixways Stadium. 

The event will be co-hosted by Steve Ennis from Business Doctors, who specialise in working with business owners to help them design, then implement strategies that can facilitate owners in achieving their vision for profitable growth.

Steve will be joined by a guest panel of speakers including:

  • Michaela Cusack, Managing Director at National Business Register, providing support around intellectual property.
  • Luke Townsend, Partner at TR Health Ltd, specialists in private medical insurance and healthcare planning.
  • Ben Homans, New Business Relationship Manager at Allica Bank.
  • Jim McLaren, Business Manager at Swig Finance, providing insight to CDFI's.

Join us for a focused breakfast event designed for business owners considering their next steps to achieve business growth. 

Why Attend?

  • Identify key steps to secure growth for your business.
  • Understanding your direction and where your business is heading.
  • Gain professional insights into 
  • future proofing your growth plans.

Breakfast and refreshments will be provided.

Seats are limited to maintain a focused and interactive environment, so reserve your place now.

Event schedule

  • 9:45am arrival, 10am kick off: Welcome to Sixways! Settle in and get comfortable as you connect with business owners and professionals from across the region.
  • 10:30am - Introduction to your hosts followed by steps 1 - 5 for unlocking business growth: Hear from Allica Bank’s relationship manager, Ben Homans, on how Allica  is helping businesses across the UK make their money work harder. The event, hosted by Steve Ennis from Business Doctors, will kick off with a guest panel including Michaela Cusack (National Business Register), Luke Townsend (TR Health Ltd), Ben Homans (Allica Bank), and Jim McLaren (Swig Finance).
  • 11:45am - Breakout and refreshments: Take a break to recharge with some light refreshments and use the opportunity to connect with fellow attendees.
  • 12pm - Steps 5 - 10 for unlocking your business growth: Discover the next set of practical strategies designed to help you scale, strengthen, and sustain your business success.

Speakers include

Ben Homans
Ben Homans - As a local Allica Bank relationship manager, Ben has been supporting established businesses in The Midlands for over 13 years.
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