Businesses with an annual turnover of up to £6.5 million or up to 50 employees are automatically eligible to apply to use the Current Account Switch Service. Don’t meet the criteria? Don’t worry! We might be able to switch you anyway. Contact us on cass.ops@allica.bank and we’ll see if we can help you. 

Savings accounts cannot be switched. 

When you use the Current Account Switch Service to change banks, your previous bank will shut down your old account. This ensures that any payments sent to your old account are rerouted to your new one automatically. If you prefer to keep your old account active, you're welcome to do so. However, if you opt to keep it open, you can't use the Current Account Switch Service, and you won't be covered by their guarantee. 

Your new account will automatically receive all incoming and outgoing payments. Whenever a payment is redirected, the sender receives an automatic notification with your updated account details, allowing them to update their records accordingly. Redirection to your new account applies for three years after your switch date. We recommend that when you switch over to Allica, you should also update your customers with the new Allica account details. Some organisations might reach out directly to verify your updated information. 

You can choose a switch date with us. Make sure you allow seven working days for the switch to take place, and note the switch date cannot be a Saturday, Sunday or a Bank Holiday. 

You can choose the switch date to suit you. The date you want to switch accounts must be at least seven working days from this point. However, note the switch date cannot be a Saturday, Sunday or a Bank Holiday. 

You can access the money in your old account up until your switch date. The final balance from your old account with be automatically transferred to your Allica account on day seven of the switch. 

The Current Account Switch Service won’t transfer any new payment arrangements made within the seven working day window prior to the switch date. If you want to set up new payment arrangements during the seven working day period leading up to your switch date, you must do this in your new account. 

Any refunds made to your old debit card after switching your account will be automatically sent to your Allica account. If you are expecting a refund, and have not received it, please contact us at cass.ops@allica.bank.  

As Allica's Business Rewards Account does not offer an overdraft facility, you cannot switch an overdrawn account to us. You would need to pay off your overdraft before you switch to Allica.