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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Alexis
United Kingdom | 31 January 2024

I needed an early break on my account. Super fast responses. Knowledgeable and empathetic staff. Fast transfer of funds. Excellent company.

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John
United Kingdom | 26 January 2024

Good follow up to online query

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Will
Germany | 24 January 2024

For a self proclaimed "no-nonsense" bank, we had to deal with their nonsense of doing the KYC multiple times, for no apparent reason, despite the KYC provider confirming that the documents were satisfactory and us uploading the same documents each time

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James
United Kingdom | 22 January 2024

Try to open an account. But it kept showing something wrong. I recommend your team to have a look at the issue as it seems many people having this issue

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USHA
United Kingdom | 20 January 2024

Wonderful Experience!! It has been immensely easy to open an account. Team is very friendly especially Marco and Paul. Banking app is very and desktop site is very easy to use. Highly recommended for businesses

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John V
United Kingdom | 17 January 2024

I applied to have a new user added to our account, I would expect this to be all done online, but I had to complete a form and upload it to get this transaction started,

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J Christie
United Kingdom | 17 January 2024

Went to this bank around 6 months ago with a modest amount of savings as they had a competitive 6 months fixed rate savings account. Account was easy to open with plain, simple communications on opening and before maturity, giving options of what to do with the matured amount. I opened a new account and transferred interest back to my nominated account, this happened today. No hitches and no hassle always enough communication to let me know what was happening by email. Easy access to a good online web site detailing the account. I have to recommend Allica Bank, simple straight forward service. Thank you.

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Sam Bondarenko
United Kingdom | 13 January 2024

I joined Allica after a friend told me about this amazing new bank I decided to check them out. I spoke to one of the account managers who ran me through the features and benefits of the bank, they also told me the story of how the bank started. Allica has some great features from great business account benefits to an amazing savings interest which keeps me referring it to everyone I speak to. As an accountant, I have had experience with every major bank in the UK and pretty much every fintech. Alica certainly outranks every single one of them and they just keep on adding amazing new features to their business account.

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S
United Kingdom | 04 January 2024

Been a simple process thus far, continued to open future accounts with them. I was skeptical about the brand as I haven’t heard much about them at first but so far has been great. The negative reviews have some moronic reasoning for 1star, I.e. not reading terms, depositing then wanting money back etc etc

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Aden Ottewill
United Kingdom | 18 December 2023

Started using Allica banking earlier in the year. Was initially impressed with the online app and personal touch, just being able to speak to an account manager was so refreshing. More recently we decided to take finance for EV, not only was the rate competitive, but the entire process was straight forward and quick. I’m delighted with the service and I’m currently looking at moving more of my business services to Allica.

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Jenny
United Kingdom | 15 December 2023

Personal service

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Jack Nyber
United Kingdom | 15 December 2023

So far I am really happy with this bank, they offer an easy access saving pot with a 3.65% interest rate, they offer 1% cashback on all card purchases, and the customer services are UK based and are very helpful, I really can't fault this bank. The only thing that is lacking is apple pay, although they are working on it and it just means I have to carry the card everywhere I go, but that is a minor problem.

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Consumer
United Kingdom | 15 December 2023

Simply the best of the banks I use. Communication great, easy to use apps and helpful staff

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Andy Coleman
United Kingdom | 11 December 2023

Barclays paid my business about £1 a quarter for a balance of over 100k....then charged me £9 a quarter! I came across these by chance, opened an account within minutes and am getting over 40% on a 6 month lock in of some business funds.

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R Bolton
United Kingdom | 10 December 2023

Good customer service and follow up. And also were understanding about changes to company ownership , directors and share structure. Would recommend to other business owners / directors / accounts teams. Appreciate the cash back 1.50% transactions and the 3.54% interest on savings .

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Matthew Fairy
United Kingdom | 08 December 2023

promote a good product and service level times but the delivery is extremely poor and the common sense of underwriters is to be questioned.

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Customer
United Kingdom | 06 December 2023

All requests completed efficiently once full security completed. Happy investor!

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Artur Filipczak
Jersey | 28 November 2023

Excellent that's what I can says ,I try open bank account in UK for the business as none resident ,and find out it big issue and take me 6 weeks before I try Allica Bank .Agata contact me and one week later I have all ready

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andrea
Italy | 26 November 2023

A bank that treats you not as a number. Simple, direct, business focused

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Sue Potter
United Kingdom | 23 November 2023

Easy to open an account with clear information regarding interest rates and time scale of the account I've chosen. Feel very informed and happy to have an account with Allica Bank.

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