How business banking used to be – just better
Explore our business bank account
Switch to a rewarding business bank built especially for established businesses. With great rates, no monthly fees, and a dedicated relationship manager, it’s time you got more from your bank.
The bank account for established businesses

Tools that make your life easier

Relationship banking how it used to be
1 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.
2 Cashback is variable based on eligibility and spend. See a full list of limits and fees here.
3 Terms and conditions apply.
Our Services
More than just a bank account

Savings
Put your company cash to work in one of our fixed-term, notice and easy-access accounts.

Commercial mortgages
Whether you’re buying new premises, diversifying your revenue or refinancing to release capital, choose from our range of investment or owner-occupied commercial mortgages.


Bridging finance
Strike while the iron is hot. Short-term lending with Allica means you don’t have to wait when an opportunity presents itself. Packages start at just £150,000 and up to 75% LTV.

Growth finance
If you’re an established UK company with at least £5 million in turnover, get up to £10 million in growth finance to help your business reach its goals with Allica.

Real relationship banking
It’s not just what makes us different – it’s who. A name and number you actually know. Someone that can help you unlock opportunities and solve problems.
Got a question? You might find the answer in our help centre. Otherwise, connect with our UK-based team below.
We’re giving established businesses the banking they deserve
Established businesses are those firms with 5–250 employees. They’re a vital part of our communities but they’re being let down by the big banks.
Allica was built specifically to meet the unique needs of businesses like these.
See the difference a better bank can make

Gentle Dog Food are getting a great return
on their company savings
Relationship Manager: Matt West Location: Devon

This mascot-maker expanded their
premises with Allica's help
Relationship Manager: Martin Parker Location: South East

AgeCare are investing their extra savings interest back into their business
Relationship Manager: Luke Veale Location: South East

KCM Waste Management used growth finance to fund their expansion
Relationship Manager: Ian Flaxman Location: North East

This pub is saving £1,000 a month
by remortgaging with Allica
Relationship Manager: Matt West Location: Devon

Whitewater Creative switched
all their banking to Allica
Relationship Manager: Emily Hopkins Location: South East
Latest news
You’ve got questions.
We’ve got answers.
Who are Allica Bank?
Allica are a no-nonsense bank built specifically to give established businesses with between 5 and 250 employees the banking they deserve.
We got our banking licence in 2019 and have grown quickly since then, being named in the 2024 Sunday Times 100 list of fastest-growing private companies.
Allica has offices in Milton Keynes, London and Manchester, and relationship managers up and down the country helping to give established businesses the banking they deserve.
Is Allica Bank protected by FSCS (Financial Services Compensation Scheme)?
Yes! All our current accounts and savings accounts are covered by the Financial Services Compensation Scheme (FSCS). This means that, should anything happen to Allica Bank, any eligible deposit of up to £85,000 will be protected.
Keep in mind this compensation covers all your accounts with Allica Bank , not each individual account. For example, if you have a total of £100,000 in two separate accounts with Allica Bank, the maximum compensation you could claim on your Allica’s deposits through FSCS is £85,000.
Find out more about your eligibility for FSCS coverage here.
How do I open a business bank account?
You can open a Business Rewards Account with Allica by completing our online application form (you can find it here). We’ll then give you a quick call to finish your application and answer any questions you have. So long as everything’s in order, your account should be opened within a few days.
What do you need to open a business bank account?
There’s a few things we’ll need to check before we can open an account for you, including confirming the identity of your business and of its shareholders and directors (including any beneficial owners) to help combat fraud. We will aim to do as much of this automatically as we can, but it’s possible you’ll be asked to provide digital copies of identity documents and a proof of address.
We’ll also ask for your Company Number at Companies House so we can run a few checks on your business.
How long does it take to open a business bank account?
Once you’ve made your application, we’ll aim to have your account open in just a few working days.
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Help, my question isn’t answered here.
Don’t worry, find the answer in our Help Centre or speak to our team on 0330 094 3333.
Explore business banking with Allica Bank
The bank account for established businesses.

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