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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Paul
United Kingdom | 13 December 2024

Everything from start to finish was fantastic. Everybody that I dealt with was very knowledgable of the onboarding process and switching to Allica is the best thing we could have done for our business. Interest on savings is a big plus compared with other business account providers. Highly recommend.

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London Drone
United Kingdom | 13 December 2024

Does what it says on the tin. Can't recommend highly enough.

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David Waters
United Kingdom | 13 December 2024

Agata and Allica bank were an absolute gem! I was working with a client that was a UK Ltd Co. Their parent company was a Belgium company and they operated via grants and EU funding. Following Brexit, they could no longer continue to operate as a Ltd Co as they need to be directly affiliated with the EU Belgium company. I reached out to all of my old banking contacts, speaking with many high street banks, the international arms, competitor banks, apparent specialist, absolutely no one could help my client. This impact of this was massive. With out a UK bank account, they were struggling to set up the new workplace pension I had secured for them, payments in and out, cross boarder, were a nightmare, and the whole financial operation of their business had become loads of work before they even got to their day job. Agata listened to the whole situation and my clients details and was adamant that she could help. I had regular updates of what was happening and when, and, sure enough true to her word, in November we were able to have their Business account up and running! This had an enormous impact for my clients operating a multi million pound business! Allica and Agata are now my go-to for the Business clients I work with.

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Jono Randell-Nash
United Kingdom | 13 December 2024

Allica is a business bank doing things better. They are great to deal with, easy to set-up and they actually pay interest on your business account unlike most! Highly recommend them.

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Gareth
United Kingdom | 12 December 2024

My experience since first being introduced to Louise has been fantastic. I joined Allica Bank as I found their business savings rate more attractive than anywhere else (I've always struggled to understand why business savings aren't similar to personal). I had a meeting with Louise, she followed up promptly and made it easy for me to join. The app seems fine and hopefully will develop over time.

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Jason B
United Kingdom | 12 December 2024

Horrendous experience trying to get an account opened. Nobody does anything, no response to chaser emails. Been waiting since 24th October. All documentation provided, we've done our part. Now we're just waiting and waiting. I'd recommend Tide instead. We've used them for another business and the account was opened in a few days.

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Hayward Mcmullan
United Kingdom | 12 December 2024

Hope was great, she contacted me at every step to make sure I was happy with the process and understood what was happening. She was there to answer any questions that I had.

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Steven Ortega
United Kingdom | 11 December 2024

Great business savings rates and the online banking app is very quick and straightforward to use. Certainly seem to cater well for SMEs. Accounts Management and Customer Services teams have been v friendly and helpful so far.

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Ian Green
United Kingdom | 11 December 2024

Great savings account with good interest rates. I was particularly impressed with the ease of application and the account being immediately recognised as a business account on my banking app when transferring funds.

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RM
United Kingdom | 09 December 2024

Quick to follow up and respond - great personal customer service

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Andrew Ward
United Kingdom | 09 December 2024

Great process, friendly and personal communications from Nicole. Online portal is very good and easy to use.

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SD
United Kingdom | 06 December 2024

Recently completed an Asset Finance deal with Shannon at Allica. Professional, friendly service from start to finish. Would have no hesitation to recommend.

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Matthew Thomas
United Kingdom | 05 December 2024

Just opened an account here to use as a secondary business account due to their excellent products. Maria Khan my account manager is brilliant, very helpful and professional.

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D Collins
United Kingdom | 04 December 2024

Fantastic service and no chasing for replies! Hopefully wipes the floor with the old cumbersome UK banks. Allica are our primary banking partner now.

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Chris Case
United Kingdom | 03 December 2024

I dealt with a real person.

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Tom Infinity
United Kingdom | 02 December 2024

The thing that is a standout for me is that you are looked after from the start by an actual person! They personally look after you through the whole, simple process, you have their number if you want to call them directly and it makes such a difference to the usual impersonal customer service we mostly get now. My relationship manager, Maria Khan, was great throughout. To top it all off they offer great rates which is why I joined in the first place. Highly recommend.

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Darren Wright
United Kingdom | 01 December 2024

Absolutely fantastic Bank for business. No editing to get through to Customer Service and a direct telephone number to your Account Manager A++++

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Sam B
United Kingdom | 29 November 2024

Great experience working the team at Allica. Having a high interest flexible account is great for our business and to get our clients looking into also

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P R
United Kingdom | 29 November 2024

Excellent rates. Straight forward account opening process. Helpful customer service, quick to respond, without long wait times. Convenient app, simple to use.

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Michael Crocker
United Kingdom | 29 November 2024

Simon Lofts was fantastic from start to finish even offering to look in to the Xero integration for us which was going above and beyond! So far so good and would highly recommend and in-fact I have already done so! Thanks Allica Bank

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