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Further information about our Business Rewards Account :
Eligibility criteria
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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.
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 is variable based on eligibility and spend. See a full list of limits and fees here .
Eligibility criteria
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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
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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
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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
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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.
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 .
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
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Further information about our Business Rewards Account :
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
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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.
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.
