Cash flow that keeps your business moving

Allica are a no-nonsense bank built specifically to give established businesses with between 5 and 250 employees the banking they deserve.

We got our banking licence in 2019 and have grown quickly since then, being named in the 2024 Sunday Times 100 list of fastest-growing private companies.

Allica has offices in Milton Keynes, London and Manchester, and relationship managers up and down the country helping to give established businesses the banking they deserve.

Yes! 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. 

Keep in mind this compensation covers all your accounts with Allica Bank , not each individual account. For example, if you have a total of £100,000 in two separate accounts with Allica Bank, the maximum compensation you could claim on your Allica’s deposits through FSCS is £85,000.

Find out more about your eligibility for FSCS coverage here. 

You can open a Business Rewards Account with Allica by completing our online application form (you can find it here). We’ll then give you a quick call to finish your application and answer any questions you have. So long as everything’s in order, your account should be opened within a few days.

There’s a few things we’ll need to check before we can open an account for you, including confirming the identity of your business and of its shareholders and directors (including any beneficial owners) to help combat fraud. We will aim to do as much of this automatically as we can, but it’s possible you’ll be asked to provide digital copies of identity documents and a proof of address.

We’ll also ask for your Company Number at Companies House so we can run a few checks on your business. 

Once you’ve made your application, we’ll aim to have your account open in just a few working days.