Skip to content

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:

Testing popup with form

FORM IS DISABLED FOR TESTING

Curabitur turpis. Donec quam felis, ultricies nec, pellentesque eu, pretium quis, sem. Vivamus elementum semper nisi. Duis lobortis massa imperdiet quam. Pellentesque ut neque.

  • Phasellus consectetuer vestibulum elit.
  • Etiam rhoncus.
  • Praesent turpis.
  • Sed aliquam ultrices mauris.
  • Donec pede justo, fringilla vel, aliquet nec, vulputate eget, arcu.

Praesent porttitor, nulla vitae posuere iaculis, arcu nisl dignissim dolor, a pretium mi sem ut ipsum. Nullam vel sem. Integer ante arcu, accumsan a, consectetuer eget, posuere ut, mauris. Nullam quis ante. Quisque id odio.

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.

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).

Tech-powered relationship banking, built for professional services

Fiduciary sectors

We combine specialist expertise with smart digital tools to support the unique needs of pension trustees, FCA-regulated firms, solicitors, accountants and insolvency practitioners.

fiduciary_hero2
hand-coins-solid-orange-icon
Support for pooled and designated client deposit accounts
arrows-left-right-icon-orange-bg
Instant access to comply with operational and regulatory obligations
handshake-icon-orange-bg
Transparent and competitive pricing that tracks Bank of England base rate
devices-icon-orange-bg
Real human support and purpose-built technology for fiduciary clients

Our options

Connect with your specialist relationship manager:

Pensions SIPP

SIPP Pension Scheme Provider Bank Account

  • Funds held in individual sub accounts for members
  • Multi-level authorisations and user access permissions through online banking and our mobile app
  • Payments (Faster Payments and CHAPS), including bulk and scheduled payments
  • Daily account balance and transaction files available via SFTP
  • Enhanced deposit protection available
  • Rent deposit accounts available
Enquire now
Pensions SSAS

SSAS Pension Trustee Bank Account

  • Funds held in individual scheme bank accounts
  • Multi-level authorisations and user access permissions through online banking and our mobile app
  • Payments (Faster Payments and CHAPS), including bulk and scheduled payments
  • Daily account balance and transaction files available via SFTP
  • Enhanced deposit protection available
  • Rent deposit accounts available
Enquire now
Solicitors, FCA regulated entities and accountants

Client Deposit Account

  • Segregated client deposit accounts (pooled and designated)
  • Self-serve online account opening for additional accounts
  • Multi-level authorisations and user access permissions through online banking and our mobile app
  • Payments (Faster Payments and CHAPS), including bulk & scheduled payments
  • Enhanced deposit protection available
Enquire now

Fast-track your
application

No need to wait for a full valuation. Get a quick decision with our fast-track application process.

  • Get a term sheet within four hours
  • Automated and desktop valuations
  • Digital security and identity checks
  • Title and indemnity insurance
  • Asset-first underwriting
fast-application-bridging

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 £85,000 will be protected.

Find out more about your eligibility for FSCS coverage here.

fscs-logo-white

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.

See the difference a better bank can make.

Enquire now

Chat with our client services team and see how we can help you.

 

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

Praesent metus tellus, elementum eu, semper a, adipiscing nec, purus. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Phasellus nec sem in justo pellentesque facilisis. Aliquam erat volutpat. Lorem ipsum dolor sit amet, consectetuer adipiscing elit.

Praesent metus tellus, elementum eu, semper a, adipiscing nec, purus. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Phasellus nec sem in justo pellentesque facilisis. Aliquam erat volutpat. Lorem ipsum dolor sit amet, consectetuer adipiscing elit.

Praesent metus tellus, elementum eu, semper a, adipiscing nec, purus. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Phasellus nec sem in justo pellentesque facilisis. Aliquam erat volutpat. Lorem ipsum dolor sit amet, consectetuer adipiscing elit.

Praesent metus tellus, elementum eu, semper a, adipiscing nec, purus. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Phasellus nec sem in justo pellentesque facilisis. Aliquam erat volutpat. Lorem ipsum dolor sit amet, consectetuer adipiscing elit.

Praesent metus tellus, elementum eu, semper a, adipiscing nec, purus. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Phasellus nec sem in justo pellentesque facilisis. Aliquam erat volutpat. Lorem ipsum dolor sit amet, consectetuer adipiscing elit.

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 094 333

cloudfront