GuideLast checked 8 November 2026

Allica Bank alternatives

A UK bank current account for established businesses that keep £50,000 or more with Allica, with card cashback, a linked savings pot and a named relationship manager. If it doesn't fit, here are 31 accounts that share its market, starting with Incard, our pick for businesses whose main costs go on cards.

By the editorial team. How we make money. Our Allica Bank profile.

Why Incard is our pick instead of Allica Bank

Incard lists a euro account, which Allica Bank's pages don't
Incard lists a US dollar account, which Allica Bank's pages don't
Incard lists accounts for UK sole traders, which Allica Bank's pages don't
Incard lists accounts for LLPs, which Allica Bank's pages don't
Card cashback on Incard: Free: 1% on ads, software and travel, 0.5% on other eligible spend. Higher on Grow and Plus. Uncapped. Allica Bank: 1%, rising to 1.5% after £10,000 of card spend in a month

cashback a year on Incard's £0 Free plan from £5,000 a month of eligible ads, software and travel spend. Simple arithmetic, not a forecast.

£600

Apply for Incard on incard.co

We may earn a commission if you apply.

The alternatives

**Table notes:** correct as of 8 November 2026, from each provider's own pages. Incard is first as our pick for card spend (we may earn a commission from it); the rest are alphabetical, not ranked. “Lists” means the provider's pages mention it and Allica Bank's don't.
Account	Cheapest plan	Lists, unlike Allica Bank	Compare
IncardOur pick for card spend	Free: £0 a month	a euro account, a US dollar account, UK sole traders, LLPs, Swiss GmbHs and AGs, Swiss sole traders	Compare Incard and Allica Bank
AirwallexE-money · safeguarded, no FSCS	Explore: £0 if you deposit or hold at least £10,000 a month, otherwise £19 (excluding VAT)	a euro account, card payments from customers, UK sole traders, Swiss GmbHs and AGs	Compare Airwallex and Allica Bank
AmexCredit card · no deposits held	Business Gold: £195 a year (£0 in the first year)	UK sole traders, LLPs
ANNAE-money · safeguarded, no FSCS	Free: £0 a month, pay for what you use	invoicing, UK sole traders	Compare ANNA and Allica Bank
Bank of ScotlandBank · FSCS cover	No account fee for 12 months on a business's first account, then £10 a month	a euro account, cash deposits, card payments from customers, UK sole traders
BarclaycardCredit card · no deposits held	Select Cashback: £0 a year	UK sole traders
BarclaysBank · FSCS cover	Free for 12 months, then £8.50 a month	a euro account, a US dollar account, cash deposits, UK sole traders, LLPs	Compare Barclays and Allica Bank
Capital on TapCredit card · no deposits held	Free: £0 a year	LLPs
CountingupBank · FSCS cover	Free for 3 months, then £5 a month while you pay in up to £750 a month	card payments from customers, invoicing, UK sole traders	Compare Countingup and Allica Bank
Danske BankBank · FSCS cover	Small Business Digital: free for 2 years for eligible new Northern Ireland businesses, then £9 a month	a euro account, cash deposits, UK sole traders
Equals MoneyE-money · safeguarded, no FSCS	Business: £25 a month (£250 a year)	a euro account, a US dollar account
HSBCBank · FSCS cover	£0 a month	cash deposits, UK sole traders, LLPs	Compare HSBC and Allica Bank
LloydsBank · FSCS cover	Free for 12 months for businesses new to Lloyds, then £10 a month	a euro account, cash deposits, card payments from customers, UK sole traders	Compare Lloyds and Allica Bank
Metro BankBank · FSCS cover	£8 a month, or £0 in any month your balance stays at £6,000 or more; 12 months fee-free for businesses new to Metro Bank, 31 months for full switchers	a euro account, a US dollar account, cash deposits, invoicing, UK sole traders, LLPs
MettleBank · FSCS cover	No fee for maintaining the account	cash deposits, invoicing, UK sole traders	Compare Mettle and Allica Bank
Monzo BusinessBank · FSCS cover	Lite: free	cash deposits, invoicing, UK sole traders	Compare Monzo Business and Allica Bank
NatWestBank · FSCS cover	No monthly fee; 2 years' free everyday banking for start-ups (turnover up to £1 million) and full switchers (turnover up to £2 million)	cash deposits, card payments from customers, UK sole traders	Compare NatWest and Allica Bank
PayhawkE-money · safeguarded, no FSCS	Growth program: £149 a month	Nothing extra listed
PleoE-money · safeguarded, no FSCS	Start: £8 per user a month	a euro account, a US dollar account
Revolut BusinessBank · FSCS cover	Basic: £10 a month	a euro account, a US dollar account, card payments from customers	Compare Revolut Business and Allica Bank
RBSBank · FSCS cover	No monthly fee; 2 years of free everyday banking for start-ups (turnover under £1m) and full-switch customers (turnover up to £2m)	cash deposits, UK sole traders
SantanderBank · FSCS cover	Free for 12 months for start-ups and switchers, then £9.99 a month	cash deposits, card payments from customers, UK sole traders, LLPs	Compare Santander and Allica Bank
SoldoE-money · safeguarded, no FSCS	Standard: £27 a month + VAT	a euro account, a US dollar account
StarlingBank · FSCS cover	£0 a month	a euro account, a US dollar account, cash deposits, card payments from customers, UK sole traders, LLPs	Compare Starling and Allica Bank
Co-op BankBank · FSCS cover	£0 a month	cash deposits, card payments from customers, UK sole traders, LLPs
TideBank · FSCS cover	Lite: £0 a month	cash deposits, UK sole traders	Compare Tide and Allica Bank
TSBBank · FSCS cover	Free for 30 months, then £5 a month (not charged if your average balance is £10,000 or more)	cash deposits, card payments from customers, UK sole traders
Virgin MoneyBank · FSCS cover	25 months' free day-to-day banking for eligible start-ups and switchers, then £6.50 a month	cash deposits, card payments from customers, UK sole traders, LLPs
Wise BusinessE-money · safeguarded, no FSCS	No subscription or monthly fee	a euro account, a US dollar account, UK sole traders	Compare Wise Business and Allica Bank
WorldFirstE-money · safeguarded, no FSCS	£0 a month	a euro account, a US dollar account, UK sole traders
Zempler BankBank · FSCS cover	Business Go: £0 a month	cash deposits, card payments from customers, invoicing, UK sole traders	Compare Zempler Bank and Allica Bank

What Allica Bank does well

Before you move, check that you won't lose something you use. Allica Bank suits you if:

Your business has traded for at least a year and keeps £50,000 or more in the account
You spend a lot on the card and want cashback without a monthly fee
You want a named relationship manager
You want your balance held by a bank, with FSCS cover

Many businesses keep their existing account and add a second one for card spending. Our switching guide covers both routes.

When Incard isn't the answer

Incard isn't the right account if

Your business is registered outside the UK and Switzerland. EEA onboarding is paused until an expected restart in 2027
You're a charity, cooperative, foundation, trust or public body, or work in one of Incard's restricted industries

Our pick for card spend

Incard: 1% cashback on ads, software and travel, on a £0 plan

Our pick for UK and Swiss businesses whose main costs go on cards, as long as you don't need bank deposit protection.

E-money · safeguarded, no FSCS

Read Incard vs Allica Bank Work out your cashback Check eligibility

Apply for Incard on incard.co

We may earn a commission if you apply.

a month on the Free plan, with team cards: £0
cashback on ads, software and travel; 0.5% on other eligible spend: 1%
IBANs in three currencies: GBP, EUR, USD

Sources

All checked on 8 November 2026. Where a provider's help centre or legal terms differ from its marketing pages, we follow the help centre and terms.

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