How business banking used to be, just better.

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.

How business banking used to be, just better.

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.

Current Account

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Expert banking for business Britain

Get your money hat on with Allica Bank – the business bank built especially for established businesse​s.

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.​

* ‘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.

Some of our awards

Best business finance provider Winner 2023
Best Commercial Mortgage Provider 2023
Patron Awards - Winner - Business Bank of the Year-2
Qorus - SME Banking of the Year 2023
 
Business current account

Don't pay us. We'll pay you.

  • No monthly fees*
  • Earn up to 4.58% AER** (variable) interest in your attached instant access Savings Pot
  • Earn up to 1.5% cashback on all eligible card spend*​
  • Get a dedicated relationship manager and UK-based customer support
  • FSCS protection (eligible deposits only)

*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 includes standard rate of 3.58% 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. Rates correct as of 11th February 2025. ‘AER’ stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Subject to eligibility – see Savings Pot Key Product Information for more details.

Learn more

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FSCS Protected

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.

 

*Rate correct as of 28th November 2024. 'AER' stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. 

**Rate includes standard rate of 3.58% 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. Rates correct as of 11th February 2025. ‘AER’ stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Subject to eligibility – see Savings Pot Key Product Information for more details.

***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.

fscs

 

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About Allica Bank

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.

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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.

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Learn more

We'd love to say hello!

Speak to one of our team to find out how we might be able to help your business.

Call us

0330 094 3333

9am - 5pm Monday-Friday (except Wednesdays: 9.30am - 5pm).

Send us a message
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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 Allica Bridging Finance Limited. Registered office: 3rd Floor 12-18 Grosvenor Gardens, London, England, SW1W 0DH. Incorporated under the laws of England and Wales with company number 10859711. Allica Bridging Finance Limited is not authorised or regulated by the Prudential Regulation Authority or the Financial Conduct Authority. The bridging products offered by Allica Bridging Finance Limited are not regulated products.
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