Allica Bank Reviews 

First and foremost, if you have over £50K in your business account then transfer it to Allica, it's a no brainer! It's nice and easy to set up, you can do a partial switch so you can still keep your existing business account and best of all, so long as you meet all criteria, you can earn up to 4.08% interest on the money in your business savings.

As an accountant I regularly get asked by clients which bank to use. My experience with Allica, and with my relationship manager make that an easy question, it's Allica every time. The level of customer service and care is unlike any other bank, and if you have cash on deposit they pay a great rate of interest.

I have only been with Allica Bank for a short period of time but in that short time they have been very accommodating and a very easy company to deal with and got our company set up in good time
amazing company I would recommend whether business or personal. Henok has been incredibly helpful and made the process swift and easy.

Opening my business account with a complete switch felt scary at first but Louise at Allica talked me through every step and was super reassuring, she answered all my questions calmly and confidently with no pressure. Once the transfer had happened she called to check I was happy and if I had any questions. Her friendly and helpful approach was really fantastic and greatly appreciated

In a time where banking processes are often weighed down by red tape and complexity, Our Relationship manager delivered an outstanding experience. The opening of multiple entity bank accounts, which is typically a challenging and time-consuming process, was handled seamlessly from start to finish. His proactive approach, clear communication, and attention to detail made the entire journey not only efficient but genuinely enjoyable.
What truly set the experience apart was the personalised touch—Henok took the time to understand our requirements and guided us through each step with confidence and professionalism. I would highly recommend his support to any business looking for a smooth and well-managed banking setup.

Allica Bank has been absolutely exceptional since we joined. The human to human service they provide is something that's rarely seen these days, and has made a real difference to our business.

The biggest benefit for us has been how straightforward and efficient the asset finance process has been. A special thank you to Shannon and Peter, who have consistently gone above and beyond to support us whenever needed.

Allica went above and beyond to help with our hire purchase of two new machines we needed. Alex (Central Relationship Manager) was very attentive and kept us informed at every process. Finance went through very quickly and we were up and running again without any delay.

Suddenly started charging a "low balance fee" for those who have an average balance of less than £10.000 in the account.

Opened an account when they had 4.2% interest and it’s gone down and down now paying 2.3%. They just use the interest and the card cashback to draw people in. Lucky enough I didn’t fall for the payment cards and went with Monzo who have been great.

I also took out a 500k loan with Allica and have been paying back lumps. It’s like trying to draw blood from a stone dealing with their customer service when I’m paying large overpayments!

Just poor service. I expect customer service to reply within 24 hours but honestly the replies are like 7-10 days apart.

Please Allica sort out your customer service afcustomer.services as it’s shocking!

Ben Homans was a pleasure to deal with from the get go. Nothing was every too much trouble and he was always on hand to answer any questions i had still to this day. All round great experience.

My experience with Allica Bank has been amazing. The level of personal service, fintech that works, and the rewards and interest paid on savings are game changers. I recommend them 100%.

Super quick response to my question, so far so good.

Had fantastic service off the back of an urgent loan, Rio Norris, Will Purcell and Andy Reeder all did a fantastic job getting the deal over the line

Opening a new business current and savings account with Allica could not have been easier.
Anna Chambers my on-boarder helped me every step of the way. As soon as the account was open, she rang to help me get on-line and set up the on-line app. I couldn't recommend Anna and a move to Allica enough.

So fast and easy to get the finance

Regrettably, my experience to date has been very disappointing. They will need to work hard to win my confidence.

Satpal was great from the outset, very easy to talk too and ready to answer any questions. Great asset of Alica bank ⭐️

I have Allica Bank staff who dealt with my application, very helpful, to the point and prompt. Obviously the formalities has to be followed, but I was kept informed of the process. Very happy and satisfied with the service I received and it was refreshing after 50 years of banking with main stream high street banks. I found their on line banking and App very easy to use.

Update. No one queried from Allica Bank as expected.

Their promotion is not accurate. They try to bring you in as a client promising quite high rates, when you actually open an account rates are much lower with a series of excuses like "oh that bank is not in our list, only if you spend this much money" which could have been explained before, but you cannot check those until you open the account.

In addition, you can actually get better savings rate from Allica on third party platforms like Insignis, which is quite troubling in terms of lack of transparency and ethical conduct.

We are moving our business out of the bank, and slowly closing the account.