Welcome to Allica Bank - Richard Davies

Hello AIB customers!
We’re
Allica Bank.

It’s great to meet you. Here you’ll find information about what the move over to Allica means for your business.

Read FAQs

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But first, let us introduce ourselves…

Allica Bank was built especially to serve established businesses like yours. And we’re excited to welcome you to the family.

At a time when many banks are replacing human relationships with faceless call centres, we are committed to providing every business with a dedicated relationship manager. Someone that knows you and can provide expertise tailored to your business. And, of course, we have great technology too, to make dealing with us as easy as possible.

We’ve found a real hunger for our reimagined take on relationship-based banking. We’re proud to have a 4.5 star rating on Trustpilot, received extensive coverage in the press – including from The Times, the FT and Martin Lewis’s MoneySavingsExpert – and have won multiple industry awards.

Allica Bank currently offers personal and business savings accounts, and a range of lending products. We are also working on a number of new products, including a soon-to-launch business bank account.

Based out of our Milton Keynes and London offices, and with relationship managers working directly with businesses up and down the country, we do hope we get to meet you in person soon!

FAQs

As an Allied Irish Bank (GB) customer, you’ve probably got some questions about what your move to Allica means for you and your business.

We’ve tried to answer most of these below, but feel free to reach out to AIB or Allica if you want to talk to us directly, using the contact details below.

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General

Who are Allica Bank?

Allica Bank, is a UK authorised and regulated bank, that was built especially to serve established businesses like yours. And we’re excited to welcome you to the family.

We’re not like most other banks. At a time when many banks are replacing human relationships with faceless call centres, we are committed to providing every business with a dedicated relationship manager. Someone that knows you and can provide expertise tailored to your business. And, of course, we have great technology too, to make dealing with us as easy as possible!

We’re proud to have a 4.5 star rating on Trustpilot, have received extensive coverage in the press – including The Times, the FT and Martin Lewis’s MoneySavingsExpert – and won multiple industry awards.

Allica Bank currently offers attractive savings rates for both personal and business savings accounts, and offers a range of business lending products. We are also working on a number of new products, including a soon-to-launch business current account providing mobile and web banking options and bank and card payment capabilities, along with attractive cashback rewards.

We have employees based out of our Milton Keynes and London offices, and relationship managers based up and down the country, we do hope we get to meet you in person soon!

Is my money with Allica Bank safe?

Yes. Allica Bank is authorised by the Prudential Regulation Authority (FRN: 821851) and eligible savings customers’ money is protected by the FSCS (up to £85k). Read more here.

Is Allica Bank regulated?

Yes we are. Allica Bank is authorised by the Prudential Regulation Authority (FRN: 821851) and regulated by the Prudential Regulation Authority and the Financial Conduct Authority.

What happens next?

There’s nothing you need to do right now. We will work closely with Allied Irish Bank (GB) to make the transition as easy as possible.

You will be contacted nearer the time of your transition with details of what will happen next. This is planned to happen in two phases between March and June 2022. In the meantime, if you’d like to speak to someone now you can contact Allied Irish Bank (GB) on 0345 6461505 (available between 09.00 – 17.00, Monday to Friday).

How can I speak to someone at Allica Bank?

We’re always happy to chat! Send us an email at welcome@allica.bank and someone will get back to you as soon as possible.

What support will I receive during the changeover?

Allica Bank and Allied Irish Bank (GB) will work closely with you to make the transition as easy as possible.

You can speak to Allied Irish Bank (GB) on 0345 6461505 (available between 09.00 – 17.00, Monday to Friday) or reach them by email at GBSME@AIB.ie if you have any questions.

Will I still have a relationship manager?

Yes you will. At Allica Bank, we give every one of our business customers a dedicated relationship manager. Someone that gets to know you, and can provide expertise tailored to your business. You’ll be introduced to your new relationship manager when you move over to Allica Bank.

My business loan

What happens to my current loan?

For now, your payments will continue as before. When you’re due to be moved over to Allica, we’ll be in touch with the next steps.

Will my loan be affected or change?

No. Your loan will remain the same, except who you make the payments to. When the time comes to make the change, we’ll let you know. And we’ll make sure it’s as quick and easy as possible.

Will my terms change?

Your repayment schedule and terms and conditions will remain the same for your existing loans that are transferring.

Do I need to do anything?

No, you don’t need to lift a finger. We’ll contact you with all the information you need soon. But if you want to speak to anyone now, you can do so on 0345 6461505 (available between 09.00 – 17.00, Monday to Friday).

Other Allica Bank products

Does Allica offer business current accounts?

We are launching our Business Rewards Account early in 2022, which will then be available to Allied Irish Bank (GB) customers to transfer to within 6 months of their loan transferring. The Business Rewards provides mobile and web banking options and bank and card payment capabilities, along with attractive cashback rewards

How can I switch my business current account to Allica?

Our Business Rewards Account will be available to Allied Irish Bank (GB) customers in 2022. We’ll let you know how you can switch your existing business current account to Allica when our account becomes available.

Does Allica offer savings accounts?

Yes, we do. We offer a range of fixed and notice savings accounts at attractive rates for business savers. You can open a new account with Allica now (please email welcome@allica.bank) if you’d like to take advantage of these rates, or we will reach out to you after your loan is transferred to assist with moving the deposit accounts at this point.

Does Allica offer overdrafts?

We will be offering you an overdraft to the same value as provided by Allied Irish Bank (GB) if you transfer your business current account to Allica.

We will contact you with more information on this in due course.

Does Allica offer a debit card?

We offer a debit card with attractive cashback as part of our Business Rewards Account, which we’ll be launching soon. We will offer this account to you in advance of your loan transferring to Allica.