What it does
Allica Bank’s Business Rewards Account is designed for established UK businesses, with expense cards, payment approvals and connections to accounting software. Its published criteria target businesses incorporated for at least 12 months that can hold £50,000 or more. A monthly fee can apply if the account falls below a separate average-balance threshold.
Account controls for an established business
Allica lists multi-user access, two-person payment authorisation, scheduled payments and expense cards. Connections with Sage, Xero, QuickBooks and FreeAgent bring transactions into the business’s accounting workflow. A relationship manager is also included.
Eligibility and charges
The Business Rewards Account targets UK residents aged 18 or over with a business operating for at least 12 months and £50,000 or more to deposit from the registered business. Use Check eligibility on the account page before beginning the application.
The fee schedule lists a £25 monthly charge when the previous month’s average balance is below £10,000. Customers with an active Allica loan, including an overdraft, are exempt from that condition. Up to 150 Faster Payments are included each month; each additional payment costs £0.12. These payment allowances and the account-opening criteria are separate conditions.
Strengths
- Lists team access levels and two-person authorization.
- Integrates with several named accounting systems.
Watch out for
- The account targets established businesses able to hold £50,000 or more.
- A £25 monthly fee can apply below the average-balance threshold.
- Faster Payments beyond 150 in a month cost £0.12 each.
Best for
- Established UK businesses needing staff permissions and payment approvals
- Finance teams connecting banking activity with Sage, Xero, QuickBooks or FreeAgent
Sources
- Allica Bank | Like your business bank again (Oct 25, 2026)
- Allica Business Rewards Account eligibility and features (Oct 27, 2026)
- Allica Business Rewards Account fees and limits (Oct 27, 2026)