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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Barry Watkins
United Kingdom | 29 August 2023

Very happy, everything is fine, I am very confident of this bank.

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Pete Byczok
United Kingdom | 29 August 2023

No problems, easy to use app and good rate of interest.

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Bruce Wallace
United Kingdom | 29 August 2023

Very easy to set up a savings account and with an excellent rate of interest. A good range of options is available. Regular communication keeping me up to date is also appreciated.

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James
United Kingdom | 27 August 2023

Allica are breaching the banking laws by not passing the rate increase within 14 days of account opening. Make your complaint now if you are effected by that and not had your rate increased. Allica bank should have communicated this change with you, if not you have right to take complaint to financial ombudsman after 8 weeks and if they refuse to make amends as well then take Allica Bank to small claims court. Please read "Castle Trust Bank" reviews. Castle Trust Bank have passed on increased rate within 14 days whereas Allica Bank does not do this. Why? The bank rules set by FCA are same for all banks.

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Annette
United Kingdom | 27 August 2023

Was top rate at the time & not too long to stash money away for. Straight-forward to open.

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Terry Key
United Kingdom | 26 August 2023

Very easy to open an on-line account. Help was there when I needed it. I feel my savings asre in a very safe place at a competitive rate of interest.

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TA Parnham
United Kingdom | 25 August 2023

My account was very easy to set up.

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Mr H
United Kingdom | 25 August 2023

Actually I have not contacted the bank since opening my account

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teebos rav
United Kingdom | 25 August 2023

Agata was super supportive in helping set up a UK bank account. The team is really proactive and willing to answer questions.

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Dave
United Kingdom | 25 August 2023

Excellent communications with Matt Easy to set up account, Matt was and remains available for any queries ( we only had one small hiccup but was dealt with same day by phone ) which is very rare this day to get to speak to a person who knows what they are meant to do, will recommend to friends

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Mr Gary
United Kingdom | 24 August 2023

Brilliant easy and so convenient. We are now moving more banking over to them as they have been night and day better than our own bank… old fashioned customer service which is quick and helpful

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MR PETER
United Kingdom | 24 August 2023

Fairly well explained route to the savings account

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Steve Hall
United Kingdom | 23 August 2023

Have used ALLICA bank over the past couple of years and have not encountered any problems at all, very straightforward to open and service your account. Would not hesitate to recommend them.

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samantha kent
United Kingdom | 23 August 2023

Poor communication. When there was communication it was either incorrect, not helpful, or irrelevant. I will not be reinvesting with this bank again.

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Neil Beck
United Kingdom | 22 August 2023

Simple to open, fund, and see funds arrive on their straightforward app. All good so far and will update when my fixed saver rolls over next year. Hopefully the odd glitches mentioned by other reviewers re maturities will have been cleared..

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Jayne
United Kingdom | 22 August 2023

Was looking for a good high interest fixed deposit account and this fitted the bill. It was easy to do online, fast and stress free. So far so good :)

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Graham
United Kingdom | 21 August 2023

Easy to open savings account online, excellent interest rates for savers

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Jack
United Kingdom | 21 August 2023

Very easy to open an account and the website is also simple and clear

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Baguette Express
United Kingdom | 19 August 2023

We have just come onboard for Business Banking. Big thank you to Agata for your assistance in a very smooth, easy to follow process. Very happy to be with Allica Bank, here's to many years ahead as a customer.

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Duncan Arthur
United Kingdom | 18 August 2023

They come highly recommended as a challenger bank who still believes in customer service, etc. They're just as uptight as any high street bank in reality but at a premium but without cheque support, branches, etc. Stay away

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