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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Ian Harrison
United Kingdom | 18 September 2023

Straighforward application process. Worked like it should. So far experience is great.

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Rick Billson
United Kingdom | 15 September 2023

What you see is what you get - a headline interest rate, well in excess of the miserly rates offered by banks - and a simple account opening procedure. Another bonus - unlike banks, you wont get spammed to death after opening an account. Never heard of Allica Bank before, but they are well reviewed and part of the FCA protection scheme, so your investment is safe.

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Marcus Williams
United Kingdom | 15 September 2023

Straight forward process of applying for a 1 year and 18 month fixed rate saving products. No problems encountered in the process and the rates were very competitive at the time of application. Very happy all round for the service Allica Bank has provided.

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Amanda
United Kingdom | 15 September 2023

I had a amount of money that sat in my everyday bank, not doing anything-so after a quick search on the internet ALLICA Bank came up as one of the best savings interest rates with new online accounts. So within minutes I had set up an account suitable for my needs and savings, with superb interest rates (at that time) and just sat back and left it for the year for the interest to mature and my work was done! Thank you ALLICA Bank for being so quick and easy to set up and letting my money actually work for me for once

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Keith Fretwell
United Kingdom | 14 September 2023

It was easy to open an account and the I treast rate is great

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Dawn
United Kingdom | 14 September 2023

Applied for a new account, I felt the whole process was enjoyable, easy to setup, all of our questions were answered. Willing to listen to our requirements and advise if what we were looking for could or could not be achieved. Very knowledgeable and pleasant which was like a breath of fresh air.

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Paul Cooke
United Kingdom | 14 September 2023

Quick and easy to open a account

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Mr Cooper
United Kingdom | 13 September 2023

Straight forward investment, no issues.

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Ann Andrew
United Kingdom | 12 September 2023

Easy and straight forward to deal with.

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Sue
United Kingdom | 12 September 2023

What a refreshing approach to banking. Amazing Customer service provided by our account manager Luke Veale. The account was really easy to open, quick response times and best of all high % on savings account better than any offered by our normal business bank that we have been with for 20 years. So good to have a proactive approach

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Reg Miller
United Kingdom | 12 September 2023

I invested my £10,000 on a one year fix in May of this year, and have received no contact from Allica Bank since. To know how my investment is doing going forward would be good customer service. I won't be holding my breadth.

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Langton Wildman
United Kingdom | 12 September 2023

Interest rates on a 90 day account at 3.4% are not competitive. Easy to find a 1% increase.

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frederick kennett
United Kingdom | 11 September 2023

Very easy to set up account

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Mr Betteley
United Kingdom | 09 September 2023

Helpful and made it easy to open accounts

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Michael Gudgin
United Kingdom | 08 September 2023

Good information easy application whatmore do you need

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Glyn George
United Kingdom | 08 September 2023

Easy web site and bank details to navigate. Great interest rates. Staff most helpful

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d law
United Kingdom | 07 September 2023

Allica Bank has reinvented old fashioned banking. The calling officer knew what he was talking about and it was a breaze to go through Complaince and Money Laundering issues. The account itself was opened in 24 hours not the weeks, months it takes with any other UK bank. The service is perfect - if there are questions these are anwered in hours

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Daniel Lawrence
United Kingdom | 07 September 2023

Allica really surprised me, they were so easy to do business with, prompt to respond, provided good advice when needed and basically took care of getting us onboard as a customer - everything a busy, growing SMB needs, I can highly recommend any business who's tired of being taken advantage of by the traditional banking giants and getting nothing back in return for our loyal business.

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Robert Bond
United Kingdom | 07 September 2023

I am so pleased to have opened a business account with Allica. As my South West manager, Matt West has been attentive.

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Helen Shinner
United Kingdom | 07 September 2023

Great communication and customer service

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