BUSINESS BANK ACCOUNT SWITCH   cass-email

Switch to Allica Bank

Discover no-nonsense business banking by switching to our Business Rewards Account with the Current Account Switch Service. Enjoy 4.33% AER* (variable) on an instant access Savings Pot and up to 1.5% cashback on all eligible card spending.**

*Rate correct as of 1st March 2024. 'AER' stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

**See a full list of limits, fees, and industry restrictions here or read our key features document or service information.

Switch now

You might think switching bank accounts is more stress than it's worth, but no longer.

Switch to Allica Bank hassle-free with the Current Account Switch Service (CASS).

We make it quick and seamless, usually completing the switch within seven working days. You won't have to worry about transferring direct debits, standing orders, or other arrangements – we’ll take care of it all.

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Why switch to Allica Bank?

Our Business Rewards Account is a current account designed especially for established businesses. Switch accounts to get the following benefits.

Switch to Allica Bank

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*Rate correct as of 1st March 2024. 'AER' stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

**See a full list of limits, fees, and industry restrictions here or read our key features document or service information.

***Faster Payments and BACS, subject to fair use policy – see Business Rewards Account Terms & Conditions

 

4.33% AER* (variable) instant access Savings Pot

Our Savings Pot is an exclusive feature of our Business Rewards Account. You can deposit or withdraw money 24/7 with no fixed term.

Up to 1.5% cashback**

Earn 1% cashback on your card spend and unlock 1.5% cashback on additional monthly card spend after you spend £10k in a month.**

A relationship manager

Get a dedicated relationship manager that will be with you every step of the way.

No monthly fees

Our Business Rewards Account has no monthly fees and free bank payments.***

What is the Current Account Switch Service?

 
The Current Account Switch Service (CASS) facilitates the transfer of your bank account between providers. It helps you switch your bank account, making the process easy and reliable, no matter which banks you're moving between.
 

Banks enrolled in CASS provide a guarantee whenever you transfer your accounts between them. This means there will be:

  • Automatic redirection of your balance and payments.
  • Refunding of any charges or interest in case of unexpected issues.
  • Flexibility to select a specific date for the official switch of your bank account.
  • Redirecting any future payments made to the old account.
 Join the 10 million+ current accounts that have switched so far – all completely free of charge. 
 
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How to switch to Allica Bank

Switching to Allica Bank with the Current Account Switch Service (CASS) is easy. All you need to do is choose your switch date, and CASS will notify your old bank. Your existing payments, such as your salary and bills, will be transferred to your new account. This means you don’t have to rearrange direct debits or standing orders on your own. Within seven days, your balance will be transferred to your Allica account, and your old account will be closed.

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1​. Login to your online banking

 

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2. ​Go to 'manage account'

 

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3​. Click 'start switch'

 

Discover no-nonsense business banking with Allica.

cass-email       Switch to Britain's award-winning business bank.

 

Switching bank accounts - FAQs

Am I eligible to switch my current account?

Businesses with an annual turnover of up to £6.5 million or up to 50 employees are automatically eligible to apply to use the Current Account Switch Service. Don’t meet the criteria? Don’t worry! We might be able to switch you anyway. Contact us on cass.ops@allica.bank and we’ll see if we can help you. 

Can I switch my savings account?

Savings accounts cannot be switched. 

Do I have to close my old account?

When you use the Current Account Switch Service to change banks, your previous bank will shut down your old account. This ensures that any payments sent to your old account are rerouted to your new one automatically. If you prefer to keep your old account active, you're welcome to do so. However, if you opt to keep it open, you can't use the Current Account Switch Service, and you won't be covered by the Guarantee. 

What happens to payments sent to my old account?

Your new account will automatically receive all incoming and outgoing payments. Whenever a payment is redirected, the sender receives an automatic notification with your updated account details, allowing them to update their records accordingly. Redirection to your new account applies for three years after your switch date. We recommend that when you switch over to Allica you should also update your customers with the new Allica account details. Some organisations might reach out directly to verify your updated information. 

Can I choose my switch date?

You can choose a switch date with us. Make sure you allow seven working days for the switch to take place, and note the switch date cannot be a Saturday, Sunday or a Bank Holiday. 

When does the switch start?

You can choose the switch date to suit you. The date you want to switch accounts must be at least seven working days from this point. However, note the switch date cannot be a Saturday, Sunday or a Bank Holiday. 

When will the money in my old account be transferred to my Allica account?

You can access the money in your old account up until your switch date. The final balance from your old account with be automatically transferred to your Allica account on day seven of the switch. 

Will new payment arrangements made at my old bank within seven working days of my switch date be automatically transferred to my Allica account?

The Current Account Switch Service won’t transfer any new payment arrangements made within the seven working day window prior to the switch date. If you want to set up new payment arrangements during the seven working day period leading up to your switch date, you must do this in your new account. 

What will happen to refunds applied to my old account after it’s closed?

Any refunds made to your old debit card after switching your account will be automatically sent to your Allica account. If you are expecting a refund, and have not received it, please contact us at cass.ops@allica.bank 

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