About

Allica Bank

Allica Bank is a business bank built especially for established businesses with between 5 and 250 employees. These businesses make up a third of UK employment and turnover, yet the service they get from the big banks is increasingly impersonal, inconvenient, and poor value. We don’t think that’s right. Allica is on a mission to give established businesses the no-nonsense banking they deserve. That means a current account with no monthly fees, a relationship manager whose name and number they actually know, and technology that makes life easier, not harder. It's business banking how it used to be, just better. Allica Bank was granted its UK banking licence in September 2019, and we've grown quickly since then. There have been several major milestones along the way, including getting the backing of TCV (who have previously backed Netflix, Airbnb and Spotify), passing the landmark figure of £2 billion in lending to UK businesses and becoming profitable within three years. In everything we do, we live and breathe our four core values of collaboration, integrity, delivery and being straightforward. Every Allica Bank current account customer can expect a dedicated Relationship Manager, instant access savings rate of 4.33% (FSCS Protection), no monthly fees, up to 1.5% cashback on all eligible card spend and direct integration with Sage and Xero. Allica Bank is on a mission to give established businesses the no-nonsense banking they deserve.

Allica Bank

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