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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Adrian
Romania | 18 August 2023

Top bank the app is same like HSBC Net Very professionals Quick response on any questions I recommend Allica Bank to anyone

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Andrew Clarkson
United Kingdom | 17 August 2023

I opened a 95 day notice account. Since then there have been multiple Bank of England rates rises, but Allica have not increased the savings interest, so I can now get 2.5% more in other banks and building societies. So I will be closing my account and moving my money. Allica seemed competitive when I joined them, but the rates have stagnated.

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Paddy
United Kingdom | 16 August 2023

The process of setting up an account was easy and fault free. Great rates too. Thank you.

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Chris Burton
United Kingdom | 16 August 2023

Easy and efficient to setup an account, was setup in 3 days and the card arrived a week later. Help was at the end of the phone, with minimum phone menus, no queues and on-shore help - hope it's always like this! The cash back is a fantastic feature and the instant access interest rate is the best business rate I've found. App is intuitive and easy to use, way better thank other banking apps. Highly recommended.

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Geraldine Lane
United Kingdom | 15 August 2023

I read about this bank in the Sunday paper and thought I would try it.The website was easy to understand and more importantly easy to use. Not like some banks I could name ....but won't"! I am very pleased with the results.

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James
United Kingdom | 15 August 2023

I opened a 95 day savings account because of the attractive rate (at the time). This rate has stayed stagnant through numerous base rate increases. They are no longer competitive. I have requested a withdrawal as there are better options out there. James

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STOKE LAURIE
United Kingdom | 14 August 2023

Recommended by money saving expert, so far very happy.

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GlynM
United Kingdom | 14 August 2023

Easy to set up an account and very competitive interest rates on 6 month fixed term deposits

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Stephen Wallace
United Kingdom | 14 August 2023

Great rate. Easy, quick. Good comms.

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Thomas Hard
United Kingdom | 13 August 2023

I always look at Martin Lewis' advice. Allicia seems to be always there!

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chetan wagle
United Kingdom | 11 August 2023

Easy to use online

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Chris
United Kingdom | 10 August 2023

Very competitive rate of interest (to be honest, by far the most important factor for using Allica) and a simple, straightforward on-line account set-up process, easy on-line access to account subsequently, and the full £85k FCA deposit guarantee (again, to be honest, all broadly similar to comparable 'challenger' banks).

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Joanne
United Kingdom | 10 August 2023

Very easy to setup

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Mauricio Jiménez
United Kingdom | 10 August 2023

Superb customer service and excellent rate for instant access savings account. Agata has been very helpful with answering all of my questions.

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Ian
United Kingdom | 09 August 2023

Quick and easy to set up

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Caroline Brooks
United Kingdom | 09 August 2023

I set up a new savings account. The instructions were very clear and I was guided every step of the way. I was able to add further funds as Allica kept me updated on how to do this and if I was in timescales to add to the account. Interest rate was exceptionally good.

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A Mu
Portugal | 09 August 2023

Needed the money before the 6 months. Thought like other ISAs they would just take all the interest. No. Cannot touch my money...MY MONEY. I know it'd be in the T&Cs, my fault, but it wasn't obvious. Had take out out a loan to buy my house. Great rate, but it has cost me money. More than the than savings I'll mske on the ISA. Be aware that it is thing you want before putting money in.

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Zoe Oliver
United Kingdom | 08 August 2023

I wanted a safe place for my son's small inheritance for a few months while we think about what to do with it. This account gave a great rate and was incredibly easy to set up. All done online very smooth and hassle-free.

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Sonny
United Kingdom | 05 August 2023

I have just checked on my 95-day Notice Allica Savings Account. It is still on 3.40 % as it was five months ago. How can Allicia Bank justify not raising its interest rate with the recent increases in the Bank interest rate.

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Gardner
United Kingdom | 05 August 2023

Managed to set the account up fairly easily, and make deposits with no problem from my bank.

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