Allica Bank

4th Floor, 164 Bishopsgate, EC2M 4LX, London, GB
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4.50
Based on 742 Reviews

5

85.71%

4

4.72%

3

1.75%

2

1.75%

1

6.06%
About Allica Bank

Allica is a bank built especially for established businesses with between 5 and 250 employees. A third of the UK’s economy depends on these businesses, yet they’re overlooked by the big banks with a service that is increasingly impersonal, inconvenient, and poor value. We're here to change that. Allica Bank is on a mission to give established businesses the banking they deserve. That means: a business current account that rewards business owners for using it. a relationship manager whose name and number they actually know. powerful tools and technology that make life easier, not harder. It’s proving to be a winning combination. Allica was named as Britain's fastest-growing private company in 2024’s The Sunday Times 100, and we’re also the fastest-growing fintech in the 26-year history of Deloitte’s UK Technology Fast 50 awards. Since we opened our doors in 2020, Allica has lent over £3 billion to established UK businesses and raised £4 billion in deposits. From our offices in Milton Keynes, London and Manchester, we’re offering business banking how it used to be, just better.

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Matthew Kimpton-Smith
United Kingdom | 01 August 2024

Nicole Howard did a fantastic job for me. She was knowledgeable, polite, efficient and above all stopped me doing something stupid, without making me feel like an idiot. If the rest of the bank live up to the standard Nicole has set, I will be a very happy customer and really look forward to working more with Allica.

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Christine
United Kingdom | 31 July 2024

Once I realised I couldn’t do much on my phone App everything was easy !

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Customer
United Kingdom | 31 July 2024

The onboarding was quick and efficient. Our account was up and running very quickly. The benefits (interest at 4.88% and cashback) are making a positive impact to our balance. The bank are helpful and easy to deal with. A refreshing approach.

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John
United Kingdom | 30 July 2024

We have just taken out a business mortgage with Allica, the customer service was fantastic from start to end. We look at other lenders but the personal touch from Allica made it an easy decision to go with them, Emily our relationship manager was always on call to answer any questions we had by email or by phone which you do not usually get with the high street banks. Emily made the process go with such ease and was very supportive. We honestly could not fault Allica and are so pleased we made the decision to go with them.

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Consumer
United Kingdom | 29 July 2024

I was in the process of moving my company bank accounts to Allica - Tim made this process easy and simple - it’s great having an actual relationship manager that is more than a token gesture which has been my expert with the high street banks

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Andrew M.
United Kingdom | 27 July 2024

Quick response to my access problem query and follow up email to ensure I had access. Great customer service ,thanks.

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Jim Long
United Kingdom | 26 July 2024

I can highly recommend Emily Hopkins, she recently processed an application on my behalf with speed and professionalism , she really knows her brief, kept me updated throughout and was a pleasure to deal with.

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Michael Lendrum
United Kingdom | 26 July 2024

Ive been trying to open an account with Allica for over a week now - no reply from a return email to the customer onboarding dept. Also phoned in and was told the relevant member of staff would call me back - here I am 3 days later and still no response. They must be doing very well to not need new customers.

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Kevin Howard
United Kingdom | 26 July 2024

Very straightforward to set up a current account. With cash back on purchases and great rates on savings, this is a great bank to be with.

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instanstics limited
United Kingdom | 26 July 2024

its corrupt bank, they held my money for 4 months and keep saying technical glitch as i am unable to access my account. Guys give yourself favour dont use this bank you will regret ,I took them to financial ombudsman and they are helping me to get my money back. Anytime soon they will not let you access your bank account and then will say that there is technical glitch(I promise)

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Paul Stirman
United Kingdom | 25 July 2024

Very smooth processing with all dealings and our Central Relationship Manager Emma Vanson has been very helpful

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Catalin Costea
United Kingdom | 24 July 2024

very good and quick

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Lynn
United Kingdom | 24 July 2024

Sent an email received a phone call the next day fabulous service

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William
United Kingdom | 24 July 2024

Excellent service so far. It was easy to switch from my previous business bankers and a good interest rate, coupled with instant access is a winning combination for me.

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TG
United Kingdom | 24 July 2024

The account was open very quickly and Steve Sisson was on hand to answer any questions efficiently and clearly.

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Mike Taylor
United Kingdom | 24 July 2024

A Fresh, pro-active and supportive banking partner in an otherwise very stale industry! I came to Allica from many years at Natwest, needing a more modern and fast moving banking/finance partner. I could not have expected to find a bank that actually does everything they promise to do! We have banked with Allica nearly a year, zero issues so far. My account Manager, a polite friendly chap called Spencer Illidge, is always on the end of his mobile for support and extremely fast paced at replying to any requests. Did i mention 1.5% cashback on card spending? Enough said.

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A.L. Hampshire
United Kingdom | 23 July 2024

Very easy to open an account and super easy to operate. Putting amounts to deposit is instant and sending money back to 'working capital' is just as easy. Highly recommended.

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David Wilson
United Kingdom | 23 July 2024

Good interest rates, Customer services works well

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Tea-Head
United Kingdom | 23 July 2024

Emma is my account manager at Allica, we have 3 business accounts with them, they are practical and decent. Their app and site is brilliant and they offer flexibility other banks dont, Allica is not a faceless bank like others, you get a contact you can go to for any issues and it makes a difference. I highly recommend them to anyone looking for a business banking provider.

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Mrs Claire
United Kingdom | 23 July 2024

Opening accounts with Allica has been an absolute pleasure. Our relationship manager Matt made sure we were kept in the loop throughout the process, which was nowhere near as complicated as I’d feared, and even took the time to meet with me to find out more about our businesses and their needs. Unlike the high street banks, you get an actual (and very knowledgeable) human at the end of the phone if you have any queries. The website and app have been easy to navigate and are very intuitive. Plus we’re already earning a decent rate of interest on excess funds in our accounts, which is something the high street banks still deem an unnecessary feature to offer customers. All in all a 5* experience.

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