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Fees
| Transaction type | Fee |
| Monthly fees | None* |
| Faster Payments - Incoming | None |
| Faster Payments - Outgoing | None |
| CHAPS - Incoming | None |
| CHAPS - Outgoing | £20 per transaction |
| Bulk Payment - Outgoing | None |
| Direct Debit - Outgoing | None |
| Direct Debit - Incoming | Not available |
| Direct Credit - Outgoing | Not available |
| Direct Credit - Incoming | None |
| International transfer – Outgoing | Wise transfer fee and exchange rate applies. No Allica Bank fees. |
| International transfer – Incoming | GBP only, quoting IBAN and BIC CLRBGB22 |
| Card payment - Domestic | None |
| Card payment - International | Foreign exchange charged at Visa exchange rate, no Allica fee |
| Cash withdrawal | None |
*We reserve the right to charge fees for customers who do not meet our eligibility criteria.
Please note that free Faster Payments and BACS payments are subject to a fair use policy of a maximum total of 100 outgoing payments monthly. If these fair use limits are exceeded, Allica reserves the right to charge 15p per outgoing payment above this.
Limits
| Transaction type | Limit |
| Faster Payments - Incoming | None |
| Faster Payments - Outgoing | £250,000 per transaction |
| CHAPS - Incoming | None |
| CHAPS - Outgoing | £1,000,000 per transaction |
| Bulk Payment - Outgoing | Maximum 100 payments per bulk payment, FPS limits apply to individual payments within the bulk payment |
| Direct Debit - Outgoing | None |
| Direct Debit - Incoming | Not available |
| Direct Credit - Outgoing | Not available |
| Direct Credit - Incoming | None |
| Card payment - Domestic | £50,000 per transaction |
| Card payment - International | £50,000 per transaction |
| Cash withdrawal | £250 per day |
|
International transfer - Outgoing |
£250,000 per transaction |
Cashback offer
The following transactions are not eligible for cashback:
- Account and prepaid card funding
- Bank fees such as product fees, promotional merchandise, financial consultations and loan fees
- Cash withdrawals
- Cryptocurrencies
- Debt repayments
- Deposits
- Gambling transactions
- Money orders
- Money transfers
- Savings bonds
- Securities — stocks, bonds, commodities and mutual funds
- Tax payments
- Travellers' Cheques and foreign currency
Exchange Rates
At Allica, we don’t charge you any fees on top when you spend abroad on your card. This means that you get the Visa exchange rate with nothing on top.
You can find the VISA exchange rate is here.
This can be compared to the European Central Bank rates.
Prohibited industries
Allica Bank also maintains a list of types of corporate entities which we have prohibited from establishing a business relationship with due to the reputational damage and/or the financial crime risks they pose:
- Adult entertainment industry
- Animal testing
- Direct production/distribution of military equipment, defence or arms trading
- Firms involved with the production or development of nuclear technology, weapons or related materials
- Embassies/consulates
- Non-governmental organisations
- Extractive Industries (coal, lignite, crude petroleum or natural gas)
- Professional football clubs
- Casinos or gambling/betting establishments, including online
- Unlicensed production or distribution of controlled drugs and pharmaceuticals or the production or distribution of "legal highs"
- Marijuana
- Dealers of precious metals and stones
- Unregistered or unregulated charities
- Payment Service Providers and Money Service businesses
- Firms that deal in crypto/digital/virtual currencies
- Firms operating without licenses in sectors that require licenses
This list is subject to review and change in line with the risk appetite of the bank.
