Business · Checked 25 Aug against Allica Bank’s own page

Allica Bank Business Rewards Account: £0, no monthly fee

Allica Bank Business Rewards Account: £0 No monthly fee. Built for established businesses: Allica describes customers typically incorporated for at least 12 months who deposit £50,000 or more. The 4.08% savings rate and 1.5% cashback are "up to" figures with conditions attached.

£0

No monthly fee

No monthly fees · savings pot up to 4.08% AER (conditions) · up to 1.5% cashback

Worth knowing

Built for established businesses: Allica describes customers typically incorporated for at least 12 months who deposit £50,000 or more. The 4.08% savings rate and 1.5% cashback are "up to" figures with conditions attached.

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The details

Account type: Current account
Who can open it: Limited companies
Worth knowing: No monthly fees · savings pot up to 4.08% AER (conditions) · up to 1.5% cashback
Protection: Up to £120,000 FSCS protection on eligible deposits (Allica's own wording).
Details: No monthly fees, with up to 150 free Faster Payments a month. An instant-access Savings Pot pays up to 4.08% AER (variable); Allica states the rate includes a 2.83% standard rate plus a conditional monthly boost. Up to 1.5% cashback on card spend. A dedicated relationship manager as standard. Syncs with Sage, Xero, QuickBooks and FreeAgent.
Source: Allica Bank's own page Checked 25 Aug · No commission

How MoneyHQ checked this

We read Allica Bank’s own page on 25 Aug and wrote down what it says: the figure, the conditions and the catch. Figures change, and the provider’s page is always the final word. The page we read is here. If you spot a difference, tell us and we will check again.

How it compares

Joint 1st of 8 by monthly fee, lowest first, among the business current accounts MoneyHQ has checked.

Account	Monthly fee	Free period	Who can open it	Checked
Allica Bank Business Rewards Account (this offer)	None	Always free	Limited companies	25 Aug
Mettle Business Account	None	Always free	Sole traders and companies	25 Aug
Monzo Business Lite	None	Always free	Sole traders and companies	25 Aug
Starling Business Current Account	None	Always free	Limited companies	25 Aug
Tide Free plan	None	Always free	Sole traders and companies	25 Aug
Barclays Business Current Account	£8.50 a month	First 12 months free	Sole traders and companies	25 Aug

Every figure is from each provider's own page, checked on the date shown on that offer. MoneyHQ orders this table by monthly fee, lowest first alone; commission never changes the order.

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