A leading digital bank is shaking up the business finance sector with a cashback offer that removes the usual restrictive caps, allowing companies to earn significantly more on their everyday spending.
A Market-Leading Cashback Structure
While many high-street and digital banks offer cashback incentives, they frequently impose a monthly limit on rewards. Allica Bank's Business Rewards Account breaks this mould by offering 1% cashback with no upper limit on the first £10,000 of monthly card spending. For businesses that spend beyond that threshold, the rate increases to an even more attractive 1.5%.
To illustrate the potential, a business with monthly outgoings of £12,000 would receive £100 back on the initial £10,000, and then a further £30 on the remaining £2,000, totalling £130. For higher spenders, the rewards become substantial. A company spending £18,000 monthly would earn £220 in cashback. For firms with high turnover, such as £50,000 a month, the cashback reward would be a notable £700.
More Than Just Cashback: A Competitive Package
Allica's appeal for small and medium-sized enterprises (SMEs) extends beyond its headline-grabbing cashback offer. The account also provides competitive interest on balances, currently around 3.8% AER, allowing idle business cash to work harder.
The bank further sweetens the deal by charging no monthly account fees and offering free Faster Payments and BACS transactions. A dedicated relationship manager is also provided, offering personalised support that is often absent from purely digital platforms. The service integrates seamlessly with popular accounting software like Sage and Xero.
Why This Matters for UK SMEs
In a challenging economic climate, every pound saved or earned directly improves a company's bottom line. This uncapped cashback model is particularly powerful for businesses with tight margins, as it effectively provides a discount on essential operational costs. By combining high-interest earnings on deposits with spending rewards, Allica is positioning itself as a comprehensive financial tool for growth-focused businesses.
The offer, detailed in a publication on 13th January 2026, underscores a broader trend of digital banks using innovative, customer-centric products to attract business clients away from traditional institutions.
