Allica Bank

Allica Bank is a UK bank whose legal entity is Allica Bank Limited, company number 07706156, with financial services register number 821851. It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority, and its address is 15 Worship Street, London.

Business Rewards Account The account is built for established companies with at least 12 months of trading history. Access is offered to firms that can place GBP50,000 with the bank, or alternatively to those holding one of the bank's credit products. It comes with a personal relationship manager, savings pots and cashback on eligible card spending.

Fees and payments There is no monthly fee, and up to 150 Faster Payments a month are free. Faster Payments is the listed payment channel, so the account is domestic in focus.

Who it suits The product fits small and mid-sized UK businesses that keep a meaningful balance, value a named contact and want some return on card spend. Start-ups without trading history, and companies that do not hold GBP50,000, will need the credit-product route or a different bank. Terms for international payments are not described in the material.