Business Rewards Account

Fees, payment limits, exclusions and cashback eligibility 


Transaction type Fee
Faster Payments - Incoming None
Faster Payments - Outgoing None
CHAPS - Incoming None
CHAPS - Outgoing £20
Bulk Payment - Outgoing £5 per bulk payment submitted (from May 1st 2023)
Direct Debit - Outgoing None
Direct Debit - Incoming Not available
Direct Credit - Outgoing Not available
Direct Credit - Incoming None
International transfer – Outgoing Not available
International transfer – Incoming Not available
Card payment - Domestic None
Card payment - International Foreign exchange charged at Visa exchange rate, no Allica fee
Cash withdrawal None


Please note that free Faster Payments and BACS payments are subject to a fair use policy of a maximum total 200 outgoing such payments in a month. If these fair use limits are exceeded, Allica reserves the right to charge 15p per outgoing payment above this.


Transaction type Limit
Faster Payments - Incoming £250,000 per transaction
Faster Payments -Outgoing £250,000 per transaction
CHAPS - Incoming None
CHAPS - Outgoing None
Bulk Payment - Outgoing Maximum 100 payments per bulk payment, FPS limits apply to individual payments within the bulk payment
Direct Debit - Outgoing None
Direct Debit - Incoming Not available
Direct Credit - Outgoing Not available
Direct Credit - Incoming None
Card payment - Domestic £50,000 per transaction
Card payment - International £50,000 per transaction
Cash withdrawal £250 per day

Cashback offer

The following transactions are not eligible for cashback:

  • Account and prepaid card funding
  • Bank fees such as product fees, promotional merchandise, financial consultations and loan fees
  • Cash withdrawals
  • Cryptocurrencies
  • Debt repayments
  • Deposits
  • Gambling transactions
  • Money orders
  • Money transfers
  • Savings bonds
  • Securities — stocks, bonds, commodities and mutual funds
  • Tax payments
  • Travellers' Cheques and foreign currency

Exchange Rates

At Allica, we don’t charge you any fees on top when you spend abroad on your card. This means that you get the Visa exchange rate with nothing on top.

You can find the VISA exchange rate is here

This can be compared to the European Central Bank rates.

Prohibited industries 

Allica Bank also maintains a list of types of corporate entities which we have prohibited from establishing a business relationship with due to the reputational damage and/or the financial crime risks they pose:

  • Adult Entertainment
  • Animal Testing
  • Direct involvement in Arms, Defence,
  • Military
  • Atomic 
  • Embassies/Consulates
  • Extractive Industries (coal, lignite, crude petroleum or natural gas)
  • Football Clubs
  • Gambling
  • Marijuana 
  • Non-Government Organisations
  • Payment Service Providers
  • Precious Metals and Stones
  • Unregulated Charities
  • Virtual Currencies

This list is subject to review and change in line with the risk appetite of the bank.