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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Wilso
United Kingdom | 11 July 2024

Thus far a five star experience. Hope (Allica bank team) guided me through the steps to open and verify the account. It's great to receive interest and cashback on a business current account and nothing short of fantastic to have a linked SavingsPot which pays 4.33% interest 🎉. This account is also free of the standard bank charge and costs nothing to operate. I would and will recommend to all who will listen.

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J D
United Kingdom | 11 July 2024

Last time I waited for a fortnight for this company to respond to my query. As soon as I posted a trust pilot review - They contacted me twice within few hours. Let's see if they do the same as they have again failed to respond to my query for days now. They just don't care about existing customers or new customers.

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Shirley Frankcom
United Kingdom | 10 July 2024

I have been very happy with my dealings with this bank. Two requests to customer services were dealt with politely and efficiently. My fixed rate bond plus interest was paid into my bank on the day of maturity. Very easy to communicate through a clear website.

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Mrs Catherine
United Kingdom | 10 July 2024

Chris Webster guided us through the whole process and responded almost instantly when we had any questions. It was a relatively painless process to sign up and once in the app is easy to use. No long waits for someone to answer the phone and a personal experience when they do. I would recommend Allica Bank

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Neil C
United Kingdom | 09 July 2024

What a breath of fresh air Allica bank brings to on-line banking. Stress free, no drama, straigh forward, simple banking. Competitive rates and a support team that is an absolute pleasure to engage with, ask-for Megan! 😊

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Alex
United Kingdom | 08 July 2024

A friendly, quick, professional service. I'd highly recommend Allica Bank for hassle free banking.

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Lorna
United Kingdom | 06 July 2024

DO NOT USE THIS BANK. From day 1 they have been very unhelpful and borderline threatening. Latest issue is I have selected what to do with my Invested money after maturity, pay it into my nominated account. I then go in to check 2 weeks later and it is revered back to, invest into an Allica bank account. This is the second time this has happened. Ive always had the feeling of not being able to trust this bank. I would never use them agaun

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Poul Jensen
Denmark | 05 July 2024

Didn’t know this Bank before a friend suggested it to me. From my initial email was followed up immediately by the nicest and efficient customer advisor Hope Laws I could ever ask for. Felt with many high street Banks you should look no further. Account opening as smooth as you could wish for and best of all personal contact. Great and thanks god as I was dreading a painful journey to deposit my own money to obtain an attractive rate. The mobile app is fantastic too but just remember when making a deposit you have to move it to your interest saving account.

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customer
United Kingdom | 04 July 2024

Prompt, responsive and helpful service by Dani

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David Schweitzer
United Kingdom | 04 July 2024

Very helpful in setting up an account.... easy painless process.

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Ruth Serrell
United Kingdom | 03 July 2024

This is the most professional bank I have dealt with out of all my years in business. The staff are excellent with prompt action.

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Perry
United Kingdom | 02 July 2024

Non-existent customer service I signed up for a Savings account. Everything went well until I needed to change my nominated account (if this isn't changed then I cannot withdraw the funds). The customer service team are clueless and they will simply ignore any emails that they cannot (or perhaps do not want to) deal with. I made a complaint to Allica about their service provision some 3.5 months ago and they have still not responded, which I think says it all. I would avoid this bank at all costs, there are many other options which provide timely and efficient service and comparable interest rates.

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Private Man
United Kingdom | 30 June 2024

Good service

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Kevin Wright
United Kingdom | 28 June 2024

Louise was so professional and friendly and explained the banks products with in depth expertise. Louise also helped me set up the bank dash board and talked me through how to use the on line platform. A really first class experience and I would recommend you use Louise for Allica Bank!

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John Dillam
United Kingdom | 26 June 2024

As a new customer, we were impressed by Allica's flexibility and prompt service on our asset financing deal from start to finish Thanks to Shannon, Dani, Sam and team for your assistance and we look forward to the next deals with you.

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CTS
United Kingdom | 24 June 2024

The worst bank. Our business bank account has ben inaccessible for 4 weeks! Every time we have called customer services they keep saying that they are having technical issues and cannot send an email confirming this or give us any more information. They have offered no help and will not give us any more information. Do not use this bank.

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Ian Mallon
United Kingdom | 21 June 2024

I found their website easy to use and I had a few questions recently regarding a 95 day product. Paul Foster and Ami were very helpful and came back to me quickly with a great solution to my issues. Great to be able to speak directly with a bank!

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simon howley
United Kingdom | 20 June 2024

Very impressed with Allica Bank and ease with which I was able to set up a new account. Knowledgable staff, a real breath of fresh air and a welcome change after banking with Barclays for almost 30 years

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ONDOMA JOEL
United Kingdom | 18 June 2024

This company has low interest rates

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customer
United Kingdom | 13 June 2024

After a stressful experience trying to open and deposit money with another bank through the online process, this was a dream. Very straightforward process and the automatic follow-up communication was much appreciated.

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