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Important information

Further information about our Business Rewards Account:

Eligibility criteria

Our Business Rewards Account is a current account designed for established businesses who:

  • are incorporated for a minimum of 12 months
  • keep a balance of £50,000 or more in their account
  • or have a loan product with us

See Key Product Information for further information.

Savings Pot

Rate includes standard rate of 3.08% AER, plus a 0.5% boost each month if you make 15 bank transfers the previous month, and a 0.5% boost for six months if you complete a successful switch with the Current Account Switch Service (CASS). Rates correct as of 8th August 2025. 'AER' stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

Cashback

Cashback is variable based on eligibility and spend. See a full list of limits and fees here.

Eligibility criteria

To be eligible, your business must have two full years of financial accounts and be either a Limited Company or LLP registered at Companies House, or a partnership or sole trader that operates in England, Scotland or Wales.

Businesses can access a range of hard, medium and soft assets including manufacturing equipment, transportation, plant and machinery, materials handling equipment, textile equipment, robotics, medical equipment, scaffolding, telecoms and more.

Eligibility criteria

UK-registered limited companies, typically with two years of full financial accounts. Your business must be based in England, Scotland or Wales and trade on a business-to-business basis.

Eligibility criteria

Your business must have two full years of financial accounts and be either a Limited Company or LLP registered at Companies House, or a partnership or sole trader that operates in England, Scotland or Wales.

Businesses can include those trading from freehold/long leasehold property in England, Scotland and Wales e.g. offices (including professional practices), industrial units, mixed-use, warehouses, factories, retail, hotels, guest houses, restaurants, public houses, convenience stores and children’s day nurseries. Security will be required.

Eligibility criteria

Available for UK registered limited companies, LLPs, partnerships and sole traders in England, Scotland and Wales.

Legal documents

Further information about our Business Rewards Account:

Eligibility

Our Business Rewards Account is a current account designed for established businesses who:

  • are incorporated for a minimum of 12 months
  • keep a balance of £50,000 or more in their account
  • or have a loan product with us

See Key Product Information for further information.

Leaders in Accountancy Summit 2025

8 September | Convene 155 Bishopsgate, London

Frustrated with slow service, poor rates, or support that just doesn’t get your clients’ needs? It’s time for a better way. Join us at the Leaders in Accountancy Summit this September in London to learn how Allica is building banking that works for accountants and the businesses they support. From tailored tools to relationship-led service, our dedicated partnerships team is here to help you help your clients thrive.

Attending? Want to book a time to chat? Email us at accountants@allica.bank.

Savings Pot

Rate includes standard rate of 2.08% AER, plus a 0.5% boost each month if you make 15 bank transfers the previous month, and a 0.5% boost for six months if you complete a successful switch with the Current Account Switch Service (CASS). Rates correct as of 8th August 2025. 'AER' stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.

Important information

Further information about our Business Rewards Account:

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Apply now

Fill out the form and we'll be in touch to complete your application.

Keep in mind: Our Business Rewards Account is designed for established businesses who keep a balance of £50,000 or more in their account. See our eligibility criteria.

 

Eligibility criteria

Allica’s business overdraft is made for Business Rewards Account customers who need the flexibility and tools to grow their business

  • Need an overdraft over £25,000 for business purposes
  • Be a UK Limited Company or Limited Liability Partnership
  • Have been trading for at least 24 months
  • Generate an annual turnover of more than £500,000 and be profitable

If your overdraft is approved but you don't already have a Business Rewards Account you'll need to open one before you can access the money.

What is a Personal Guarantee (PG)

A personal guarantee is a promise made by a person or an organisation to accept responsibility for some other party's debt if the debtor fails to pay it.

What is a Debenture?

In corporate finance, a debenture is a medium- to long-term debt instrument used by large companies to borrow money, at a fixed rate of interest.

Welcome Boost

Open a Business Rewards Account and a Savings Pot, deposit £50,000 or more within 14 days of receiving your online banking login and enjoy a 0.25% Welcome Boost on everything you hold in your Savings Pot. The boost applies only to funds kept in the Savings Pot.

Your boost lasts for 3 months, starting on the 1st of the following month. To qualify, you’ll need to open your account, set up your Savings Pot, and deposit at least £50,000 before 30th November 2025.

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Apply for an overdraft

Already a customer?

Log in to your account to apply. We’ll use your existing details to speed things up.

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New to Allica Bank?

Apply in minutes. It’s quick, easy and all online.

Get started

New to Allica Bank?

Apply in minutes. It’s quick, easy and all online.

Get started

Already a customer?

We’ll need to use your existing details to speed things up for you.

Continue

Get in touch

We'll look to get you set up with your Sage Easy Access savings account as soon as possible.

Please call us on 0330 094 3333, 9:00am - 5:00pm Monday to Friday (Wednesdays: 9.30am - 5pm).

Eligibility criteria

Care homes:

  • Experienced operators (a minimum of two years as a care home owner-operator)
  • First-time buyers/new entrants (operator with less than two years experience/first-time buyer)
  • Specialist care operators (a minimum of three years as care home owner-operator, strong links to regulatory bodies and mature operational team)

Children’s day nurseries:

  • Experienced operators (a minimum of two years as children’s day nursery owner-operator)
  • First time buyers/new entrants must meet one of the following criteria:
    • Have a minimum of three years direct experience working in a childcare setting with a senior position (e.g., primary school teachers, nursery setting, childminder, out of school clubs, social workers)
    • Have suitable academic qualifications, such as HNC and HND Childcare and Education, BA Childhood Practice, Health and Social Care

You make your clients feel valued. We do too.

We're helping accountants bring even more value to their SME clients with expert support, straightforward products and a bank that understands what established businesses need. It’s banking how it used to be, just better.

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Are your clients struggling with...

  • Speaking to their bank?
  • Not having a key contact or relationship manager? 
  • Earning zero interest on cash sitting in their current accounts?
  • Having their current accounts closed?
  • The time it's taking for their bank to make a lending decision?
  • Knowing what banking and financing options are available to meet their needs?

Discover the bank account for established businesses

Established businesses are firms with 5–250 employees, and they’re being let down by the big banks. Isn't it time your clients got more?

  • Earn up to 4.08% AER1 (variable) on instant access savings 
  • No monthly fees + up to 1.5% cashback2
  • A relationship manager they can count on
  • Xero, Sage and QuickBooks integrations


Subject to Eligibility.  Terms and Conditions apply.

1 Rate includes standard rate of 3.08% 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 8th August 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.

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Commercial mortgages

Commercial property finance, tailored to fit your business. Secure up to £10 million to help your business reach its property goals.

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Asset finance

Unlock the tools your business needs to grow and drive growth with asset finance. With fast hard, medium and soft asset finance decisions.

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Growth finance

Made to measure finance for your business. Borrow between £1 million to £10 million against a mix of assets.

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Growth Guarantee Scheme

Government backed scheme which includes business acquisition, management buyout/buy-in and refinancing.

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Accountant focus

Where's the catch?

It's rare to find a bank these days with a team dedicated to helping accounting firms, and staffed with experts from likes of ICAEW, Xero, and Dext. 

Connect with us today and see why hundreds of UK accounting firms are making Allica Bank an indispensable part of their tech stack.

How to partner with us

1. Get in touch

Complete this short form

2. Get your dedicated partnership manager

Our team will be in touch to arrange a quick call and introduce you to your partnership manager.

3. Start banking better

If you have a client you'd like to discuss we can talk about them in more detail. Or if you have questions, we can answer those too.

See the difference a better bank can make

Trustpilot
20 Dec, 2024
Fantastic 5* Service
We recently opened a business account with Allica Bank. Not only do they offer competitive rates, you get to discuss your requirements with a person not an computer!  The whole experience from start to finish was brilliant thanks to Emily our account manger, who we can't thank enough. High Recommend
10 Jan, 2025
So refreshing - make the switch!
Having decided to leave Santander who made life increasingly difficult for no apparent reason, we found Allica (thanks Google!). A little apprehensive since I'd not heard of them, but the switch was super easy, the web interface and app are fantastic, and there are even humans who answer emails and calls to help when needed. A real business bank account, finally!
18 Oct, 2024
It's like travelling back in time to…
when humans ran banks. Setting up the account has been so straightforward. Lauren has responded immediately to all my emails - with a phone call when that was easier. So far it's been a pleasure dealing with Allica. I don't often write reviews - I felt compelled to do so this time.
18 Dec, 2024
Superb process
The whole process from start to finish was brilliant. Hope was able to take me through the steps and understood the nature of my business so could offer the best advice. will definitely be keeping this account and setting up future ones with Allica.
13 Dec, 2024
Very easy to get set up and running
Interface seems intuitive and easy to use. Customer services have been proactive. The open banking seems to work well, with transactions pulling into accounting software. Happy to recommend Allica Bank based on my experience to date.
15 Oct, 2024
Outstanding to date!
For a Bank that was little known to myself, I can only say how impressed I've been with their service standards. Lauren was exemplary in explaining everything & I'm about to be allocated my named account Manager. Some lovely old fashioned human values here mixed with modern banking technology & a user friendly app.
13 Dec, 2024
Allica business banking done better
They are great to deal with, easy to set-up and they actually pay interest on your business account unlike most! Highly recommend them.
28 Oct, 2024
The best 2 years banking ever
I’ve been with Allica for 2 years now. I’ve seen them respond well to customer comments and the app has come a long way since I started using it. There may be differences between other banking apps but to have seen the improvements and taking on board feedback is refreshing. I can't fault the account facilities and the interest rate we get.
23 Oct, 2024
A breath of fresh air...
How business banking should be... Exceptional response from relationship manager and a clear, open and personal attitude to SME business needs.  Simple and easy banking app. Just what you need! Recommended to many other SME owners.
13 Jan, 2025
This is how a Bank should be run!
Excellent service from day one, moving to Allica from a hopeless Lloyds (who it seems no longer want SME business), big thank you to Maria who went out of her way to open our account over Christmas/ New Year and help us meet a deadline.

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