Further information about our Business Rewards Account:
Our Business Rewards Account is a current account designed for established businesses who:
See Key Product Information for further information.
Rate includes standard rate of 2.83% AER (minimum balance applies) plus a 0.5% boost each month if you make 15 bank transfers out of the account in the previous month, and a 0.5% boost for six months if you complete a switch with CASS and a 0.25% Welcome Boost for 3 months for new customers who deposit £50,000+ into their Savings Pot within 14 days. Rates correct as of 19th December 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 and based on card spend. Exclusions apply. See a full list of limits and fees here.
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.
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.
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.
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 1.83% AER (minimum balance applies) plus a 0.5% boost each month if you make 15 bank transfers out of the account in the previous month, and a 0.5% boost for six months if you complete a switch with CASS and a 0.25% Welcome Boost for 3 months for new customers who deposit £50,000+ into their Savings Pot within 14 days. Rates correct as of 19th December 2025. ‘AER’ stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.
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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.
Allica’s business overdraft is made for Business Rewards Account customers who need the flexibility and tools to grow their business
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.
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.
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, deposit £50,000 or more within 14 days of receiving your welcome email, 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 30 September 2026.
This offer is available to new Business Rewards Account customers only. Each business can hold more than one Business Rewards Account, but the Welcome Boost applies only to the first account opened with Allica Bank.
Log in to your account to apply. We’ll use your existing details to speed things up.
Apply in minutes. It’s quick, easy and all online.
Already have an application in progress? Log in
We’ll need to use your existing details to speed things up for you.
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).
Customers whose balance falls below an average of £10,000 in the previous month will incur a £25 monthly fee. This does not apply to customers who hold an active loan product (including an overdraft) with Allica Bank. Account fees are based on average account balance and activity status. See more details here
Submit the form below and one of our team will get back to you to discuss partnership opportunities.
If you are an accountant, please submit your enquiry through our dedicated accounting partners page here.
Get in touch as soon as you become aware or are suspicious that fraud has taken place.
Our commercial, semi-commercial and specialist buy-to-let products are built for landlords and investors.
We can lend to newly incorporated Special Purpose Vehicles (SPVs) on a case-by-case basis.
For more information, read our tariff of fees, our mandatory information checklist or our fixed rate breakage costs facts sheet.
Owner-occupied mortgages are at the heart of what we do. We help businesses buy or refinance the buildings they work from.
Specialised commercial investment mortgages, designed to fund landlords purchasing residential HMOs and MUFBs.
Healthcare is a specialist area, and one where experience matters. We provide specialist sector support for care homes, nurseries and specialist healthcare operators.
Short-term finance to bridge gaps in funding or operations. Uses include funding refurbishments, quick acquisitions, mortgage delays, EPC improvements, stabilisation periods, and much more.
To be eligible for a bridging loan, you or your business must own or be buying a commercial, semi-commercial, or residential investment property in England, Scotland, or Wales.
Residential bridging is an effective way to achieve your goals in various ways. Here's what you can use a residential bridge for:
Looking for bridging finance on a commercial property? Our fast and expert team can help with a range of property types.
We offer two bridge-to-term options, designed for different types of deals and exit strategies. It’s a 7-year facility – with up to 2 years on a bridging rate, then 5 years on term once trigger conditions are met. Available across England, Scotland and Wales
The Stabiliser: For properties that are already generating income but need time to stabilise before refinancing.
The Improver: For properties that need light or medium refurbishment before refinancing.
A refurbishment bridge is ideal for those looking to quickly access funds for property renovations or improvements.
Cosmetic refurbishment
Light refurbishment
Medium refurbishment
Works limited to 100% of OMV or £100,000 per property, with a maximum works duration of 12 months.
Work examples:
80% / 85% LTV gross bridge, with post works value (GDV) limited to:
This offer applies to new bridging finance applications received between the 1 June 2026 and the 30 September 2026 and completed by the 31 October 2026. Re-submissions of previously submitted applications, further advances or investment loans will not be eligible. If your loan completes by 31 October 2026 you will qualify for 0.25% cashback of the loan amount, excluding any fees. Offer is subject to standard lending criteria and approval. Cashback will be paid by the end of the second month after drawdown, straight into the borrower’s nominated UK bank account. This promotion may be withdrawn or amended at any time in exceptional circumstances. Any such change will not affect eligible applications submitted before the effective time of the change.
Maximum loan size can be higher on a case-by-case basis.
Rate shown is per month and is variable rate inclusive of Bank of England Base Rate.
All lending is subject to status, our lending criteria, and a satisfactory credit assessment. Terms and conditions apply.
