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.

Contact Info

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Happy customer
United Kingdom | 05 August 2023

Great communication and clear guidance.

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Chris Shoesmith
United Kingdom | 05 August 2023

Only had the one communication/conversation with Allica Bank and that was to set up my account. Altogether an excellent service; setup quick and easy to understand. Staff polite and courteous at all times. The online service has never let me down. Happy customer Mr C Shoesmith.

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Ben Aldorino
United Kingdom | 05 August 2023

Very easy to set up fixed rate bond. The interest rate received was also higher than most at the time.

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Paul
United Kingdom | 05 August 2023

New customer. Set up new account. Everything was easy. Very happy with everything from Allica Bank. See no reason why I won’t continue to be a long term customer.

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philippe gayton
United Kingdom | 05 August 2023

Super easy. In fact surprisingly easy to set up our new business account. Good customer relationship management support to help and excited to actually get cash back and a decent interest amount on what we spend and save...

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Customer
United Kingdom | 05 August 2023

Unusually when opening an online savings account this was logical and intuitive. The website is uniquely user friendly. Real simple process. Rapidly dealt with. Good and effective communication. Add to that a market leading product at the time

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Top Hat
United Kingdom | 04 August 2023

Allica started off with competitive rates. Unfortunately they have not increased the rate on their 95 day notice account since March 23. So customers are getting 3.4% interest whilst the base rate is now 5.25% and many easy access accounts are paying 4.5%. If this was a fixed rate term account then that's fair enough but as it is a notice account I think it is unfair to sting customers whilst they wait for their notice to end. Most other providers have upped their rates on notice accounts. Because of this type of approach The Financial Conduct Authority have said that they will consider fining providers that fail to pass on rate rises to their customers. There are plenty of better alternatives out there!

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Howie
United Kingdom | 04 August 2023

All good. Smooth and clear and efficient

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Oliver
United Kingdom | 04 August 2023

The interest rates are competitive and the website contains the sort code and personal account details. Easier to access than some other accounts found through Raisin.

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Tommy Murphy
United Kingdom | 04 August 2023

Easy to use, all the information needed is easily accessible.

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karen hodgson
United Kingdom | 04 August 2023

No problems with this bank. Decent interest rate

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Damian Leah
United Kingdom | 04 August 2023

I was looking for a competitive savings rate. Allica ticked the box. Overall it was very easy to open this account. Very easy to use also.

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Mr Richard
United Kingdom | 04 August 2023

telephone support

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Tony Rule
United Kingdom | 04 August 2023

Opening account was simple and someone (Agata) always responded if I needed help.

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Daniel
United Kingdom | 02 August 2023

We're really happy with Allica bank and pleased with the service they've offered and the rates of interest on the savings, glad to be doing business with them

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Sean Fogg
United Kingdom | 02 August 2023

we have just opened a business account withAllicia bank . what a fantastic fresh approach to banking we found them to be helpful and no fuss with the opening of the account . they were hassle free and i can not thank them enough . keep up the good work

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Sean
United Kingdom | 02 August 2023

Easy to use mobile app and faster payments backed by real people.

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romil patel
United Kingdom | 02 August 2023

quick and fast sign up and great rewards and business savings interest!

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S Shah
United Kingdom | 01 August 2023

Agata was very professional and the onboarding process was made extremely efficient. My accounts were up and running the next working day.

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The Duke
United Kingdom | 01 August 2023

Good experience setting up 1 yr savings bond and cannot say I have had any problems since then. Good bank

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