Small and medium-sized enterprises across the United Kingdom are being offered a compelling new banking proposition that promises to put money back into their pockets. Allica Bank, one of the country's fastest-growing financial institutions, has launched a Business Rewards Account specifically designed to address the frustrations many business owners face with traditional high street banks.
A New Approach to Business Banking
For established businesses that have outgrown challenger banks but struggle to receive adequate attention from banking giants, Allica Bank presents a tailored solution. The bank, which launched its Business Rewards Account in November 2025, aims to revolutionise how companies manage their finances by combining cashback rewards, competitive savings rates, and personalised support in a single package.
Traditional business current accounts have increasingly moved online while reducing personal service and offering interest rates that fail to keep pace with inflation. Allica's approach directly counters these trends by focusing on what matters most to business owners: genuine value and human support.
Substantial Financial Benefits
The cornerstone of Allica's offering is its generous cashback programme. Business customers can earn up to 1.5% cashback on all card spending with no caps on earnings and no restrictions on where the card can be used. Whether paying suppliers, purchasing inventory, or arranging business travel, every transaction contributes to the cashback total.
Equally impressive is the instant access Savings Pot, which currently pays up to 4.08% AER – a rate that significantly outperforms many competitors and provides meaningful returns on idle business capital. Additional boosts are available for businesses that make regular transfers or switch their account using the Current Account Switch Service.
Comprehensive Business Tools
Beyond the financial incentives, Allica Bank provides robust operational support through its digital platform. The banking app integrates seamlessly with popular accounting software including Xero, Sage, and QuickBooks, enabling businesses to automate payroll, reconcile payments, and monitor cash flow in real time.
The platform also allows business owners to issue employee cards with customised spending limits and manage permissions for complete financial control. Perhaps most notably, every Allica customer receives a dedicated relationship manager – an actual person who understands their business and can provide assistance with financial planning, lending applications, or simple queries.
The account opening process is designed specifically for time-pressed business owners, taking less than two weeks to complete without the need for endless paperwork or branch visits. This streamlined approach reflects Allica's commitment to serving the unique needs of established SMEs that form the backbone of the UK economy.
