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Been in business for a year? Explore the business bank account designed for established businesses. We've also got satisfying savings rates and a wide range of lending products.
Been in business for a year?
Explore the business bank account designed for established SMEs. We've also got satisfying savings rates and flexible lending products.
Get your money hat on with Allica Bank – the business bank built especially for established businesses.
With a dedicated relationship manager, every Allica Bank current account customer can expect no monthly fees, no faff, and no more spending hours on hold.
What’s more, we’ve got some of the best business savings rates on the market.
So stop being held back by your bank, and get your money hat on with Allica Bank.
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* ‘AER' means ‘annual equivalent rate' and is designed to make it easy for you to compare savings products. It tells you how much interest you'd earn if you put some money in an account and left it there for a full year. It takes account of things like how often the interest is paid and assumes any interest paid during that year is added to the balance and earns interest.
**See a full list of limits, fees, and industry restrictions here or read our key features document or service information.
*See a full list of limits, fees, and industry restrictions here, or our current account key product information, or terms & conditions, or savings pot key product information, or supplemental terms & conditions.
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. Businesses keeping less than £50,000 in the account may earn a reduced rate of interest and may incur fees.
Terms and conditions apply – click to read more.
Your eligible deposits with Allica are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.
Find out more about your eligibility for FSCS coverage here.
Earn over 5%* AER on your savings
Simple online application
Fixed-term and notice accounts available
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* 5.01% AER, 180-Day Notice account only. Min deposit £20k, max £2m. T&Cs apply. Find out more here.
**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.
I recently made a stupid mistake when opening two fixed rate accounts and ended up crediting all my money to just one of the accounts. I used the online messaging service to contact customer service and received a very prompt reply from Thusiyanthan Srisankar saying they were looking at how best to help me. Later, on the same day, I was emailed to tell me that an action had been approved to resolve my problem, enabling my two accounts to have the correct balances. I am very impressed by the way Allica treat their customers (market leading rates as well!). A big, big thank you.
It is really helpful to have a bank where you can actually talk to someone and have a dedicated Account Manager. All High Street Banks (what is left of them) are losing custom by "streamlining". It's good to talk to someone about business activities, changes in our market which could have an effect on our banking and having a decent savings account interest rate. I would recommend to move to a bank that cares about the little people!
Holly on the help desk at Allica Bank in Milton Keynes was very helpful. Holly was patient in explaining to me where I had gone wrong in my attempts to transfer funds. I wish Holly well in her endeavours.
Very easy to set up an account. Simple process. It would be 10x as hard to get a new account from my existing bank I've been with for 18 years.
I messaged asking someone to call me. I received an immediate email telling me someone would call me later. This actually happened (a rarity in my experience). The representative was polite and very helpful and resolved my problem quickly and easily. It was a pleasure to get such great customer service.
Thanks to Agata for all her patience and prompt assistance. Pleased with the service this bank offers. I highly recommend.
Having spent 30 years in the Banking sector watching the rise of the red tape and computer says no culture I was massively impressed when Gareth Anderson and Matt Ellis outlined the account opening process, estimating approx. 10 days and then delivered with time to spare!! No nonsense adult approach that is a breath of fresh air to a suffocating industry! Take bow!
I recently made a stupid mistake when opening two fixed rate accounts and ended up crediting all my money to just one of the accounts. I used the online messaging service to contact customer service and received a very prompt reply from Thusiyanthan Srisankar saying they were looking at how best to help me. Later, on the same day, I was emailed to tell me that an action had been approved to resolve my problem, enabling my two accounts to have the correct balances. I am very impressed by the way Allica treat their customers (market leading rates as well!). A big, big thank you.
It is really helpful to have a bank where you can actually talk to someone and have a dedicated Account Manager. All High Street Banks (what is left of them) are losing custom by "streamlining". It's good to talk to someone about business activities, changes in our market which could have an effect on our banking and having a decent savings account interest rate. I would recommend to move to a bank that cares about the little people!
Holly on the help desk at Allica Bank in Milton Keynes was very helpful. Holly was patient in explaining to me where I had gone wrong in my attempts to transfer funds. I wish Holly well in her endeavours.
Very easy to set up an account. Simple process. It would be 10x as hard to get a new account from my existing bank I've been with for 18 years.
I messaged asking someone to call me. I received an immediate email telling me someone would call me later. This actually happened (a rarity in my experience). The representative was polite and very helpful and resolved my problem quickly and easily. It was a pleasure to get such great customer service.
Thanks to Agata for all her patience and prompt assistance. Pleased with the service this bank offers. I highly recommend.
Having spent 30 years in the Banking sector watching the rise of the red tape and computer says no culture I was massively impressed when Gareth Anderson and Matt Ellis outlined the account opening process, estimating approx. 10 days and then delivered with time to spare!! No nonsense adult approach that is a breath of fresh air to a suffocating industry! Take bow!
I recently made a stupid mistake when opening two fixed rate accounts and ended up crediting all my money to just one of the accounts. I used the online messaging service to contact customer service and received a very prompt reply from Thusiyanthan Srisankar saying they were looking at how best to help me. Later, on the same day, I was emailed to tell me that an action had been approved to resolve my problem, enabling my two accounts to have the correct balances. I am very impressed by the way Allica treat their customers (market leading rates as well!). A big, big thank you.
It is really helpful to have a bank where you can actually talk to someone and have a dedicated Account Manager. All High Street Banks (what is left of them) are losing custom by "streamlining". It's good to talk to someone about business activities, changes in our market which could have an effect on our banking and having a decent savings account interest rate. I would recommend to move to a bank that cares about the little people!
Holly on the help desk at Allica Bank in Milton Keynes was very helpful. Holly was patient in explaining to me where I had gone wrong in my attempts to transfer funds. I wish Holly well in her endeavours.
Very easy to set up an account. Simple process. It would be 10x as hard to get a new account from my existing bank I've been with for 18 years.
I messaged asking someone to call me. I received an immediate email telling me someone would call me later. This actually happened (a rarity in my experience). The representative was polite and very helpful and resolved my problem quickly and easily. It was a pleasure to get such great customer service.
Thanks to Agata for all her patience and prompt assistance. Pleased with the service this bank offers. I highly recommend.
Having spent 30 years in the Banking sector watching the rise of the red tape and computer says no culture I was massively impressed when Gareth Anderson and Matt Ellis outlined the account opening process, estimating approx. 10 days and then delivered with time to spare!! No nonsense adult approach that is a breath of fresh air to a suffocating industry! Take bow!
I recently made a stupid mistake when opening two fixed rate accounts and ended up crediting all my money to just one of the accounts. I used the online messaging service to contact customer service and received a very prompt reply from Thusiyanthan Srisankar saying they were looking at how best to help me. Later, on the same day, I was emailed to tell me that an action had been approved to resolve my problem, enabling my two accounts to have the correct balances. I am very impressed by the way Allica treat their customers (market leading rates as well!). A big, big thank you.
It is really helpful to have a bank where you can actually talk to someone and have a dedicated Account Manager. All High Street Banks (what is left of them) are losing custom by "streamlining". It's good to talk to someone about business activities, changes in our market which could have an effect on our banking and having a decent savings account interest rate. I would recommend to move to a bank that cares about the little people!
Holly on the help desk at Allica Bank in Milton Keynes was very helpful. Holly was patient in explaining to me where I had gone wrong in my attempts to transfer funds. I wish Holly well in her endeavours.
Very easy to set up an account. Simple process. It would be 10x as hard to get a new account from my existing bank I've been with for 18 years.
I messaged asking someone to call me. I received an immediate email telling me someone would call me later. This actually happened (a rarity in my experience). The representative was polite and very helpful and resolved my problem quickly and easily. It was a pleasure to get such great customer service.
Thanks to Agata for all her patience and prompt assistance. Pleased with the service this bank offers. I highly recommend.
Having spent 30 years in the Banking sector watching the rise of the red tape and computer says no culture I was massively impressed when Gareth Anderson and Matt Ellis outlined the account opening process, estimating approx. 10 days and then delivered with time to spare!! No nonsense adult approach that is a breath of fresh air to a suffocating industry! Take bow!
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Allica is a business bank built especially for established businesses with between 5 and 250 employees.
These businesses make up a third of UK employment and turnover, yet the service they get from the big banks is increasingly impersonal, inconvenient, and poor value. We don’t think that’s right.
Allica Bank is on a mission to give established businesses the no-nonsense banking they deserve. That means a current account with no monthly fees, a relationship manager whose name and number they actually know, and technology that makes life easier, not harder.
It's business banking how it used to be, just better.
Speak to one of our team to find out how we might be able to help your business.
9am - 5pm Monday-Friday
Allica Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (FRN: 821851). Registered office: 4th Floor, 164 Bishopsgate, London EC2M 4LX. Registered in England and Wales with company number 07706156.
Allica Bank savings accounts and business current account products are regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Allica Bank lending products are not regulated products.
Asset finance and growth finance services are provided by Allica Financial Services Limited trading as Allica Bank Asset Finance. Registered office: 4th Floor, 164 Bishopsgate, London EC2M 4LX. Incorporated under the laws of England and Wales with company number 12784979. Allica Financial Services Limited is not authorised or regulated by the Prudential Regulation Authority or the Financial Conduct Authority. The asset finance and growth finance products offered by Allica Bank Asset Finance are not regulated products.
Bridging Finance services are provided by Tuscan Capital Limited. Tuscan Capital Limited is not authorised or regulated by the PRA or FCA. Bridging Finance products offered by Tuscan Capital Limited are not regulated products.