Provider profileLast checked 8 November 2026
Allica Bank Business Rewards Account
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.
- Cheapest plan
- £0 a month with an average balance of £10,000 or more; otherwise £25 a month
- Available in
- UK
- Your money
- Bank · FSCS cover
What it is
Allica Bank Limited (company number 7706156), authorised by the PRA and regulated by the FCA and PRA (FRN 821851).
How your money is protected
Eligible deposits are protected up to £120,000 by the FSCS, across all your accounts with Allica Bank.
Our e-money vs bank account guide explains what this means if a provider fails.
Who can open one
UK-based businesses incorporated for at least 12 months that keep £50,000 or more in the account or have a loan (including an overdraft) with Allica. The product page also asks for UK-resident applicants aged 18 or over. Prohibited sectors include gambling, crypto, money service businesses, payment service providers and unregistered charities.
Headline fees
| Fee | Detail |
|---|---|
| Monthly fee | None if your average balance last month was £10,000 or more, or you have an Allica loan; otherwise £25 |
| Faster Payments out | 150 a month free, then £0.12 each |
| CHAPS out | £20 per payment |
| International transfers | Sent through Wise in GBP, EUR or USD; Wise's fee and exchange rate apply, no Allica fee |
| Card payments in a foreign currency | No Allica fee; Visa exchange rate |
| Cash withdrawals | No Allica fee in the UK or abroad |
| Card cashback | 1% on settled card spend, 1.5% once card spend that month passes £10,000 |
| Expense cards for your team | No extra fee |
| Savings pot | Up to 4.33% AER variable, including boosts; standard rate 3.08% AER |
Limits worth knowing
- You need to keep £50,000 or more in the account or hold an Allica loan to be eligible.
- Payments in can only be in GBP, by electronic transfer; there's no cash deposit option.
- Cash withdrawals are capped at £750 a day; Faster Payments out at £250,000 per payment.
- The card is classed as a Visa deferred debit card and some merchants may not accept it.
How it compares
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See all the accounts we've researched.
Our pick for card spendIncard: 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.
Read Incard vs Allica BankWork out your cashbackCheck eligibility
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- 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
Check Allica Bank Business Rewards Account's current terms
Fees and eligibility can change. Confirm them on the provider's own site before you apply.
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.
- Allica Bank: Business Rewards Account
- Allica Bank: Business Rewards Account fees, limits and cashback
- Allica Bank: Business Rewards Account key product information (PDF)
- Allica Bank: Who can get a Business Rewards Account?
- Allica Bank: Minimum balance fee
- Allica Bank: Expense cards for team members
- Allica Bank: Cost of additional cards
- Allica Bank: International payment currencies