Is Allica Bank or Cater Allen better for your small business?
Below we look at both Allica Bank and Cater Allen reviews on Trustpilot along with their App reviews from Apple and Google.
We then look at typical fees, business savings rates, foreign currency options and a whole bunch of other account features to help you make up your mind.
Allica Bank vs Cater Allen Trustpilot Reviews
| Allica Bank | Cater Allen | |
| Trustpilot Review Score (out of 5) | 4.5 | 1.9 |
| Percent 5-Star Reviews | 76% | 7% |
| Percent 1- Star Reviews | 6% | 80% |
| Total Number of Reviews | 815 | 136 |
https://www.trustpilot.com/review/www.allica.bank
https://www.trustpilot.com/review/www.caterallen.co.uk
Allica Bank vs Cater Allen App Reviews
| Allica Bank | Cater Allen | |
| iPhone Review Score (out of 5) | 4.8 | No Rating |
| Number of iPhone Reviews | 503 | No Reviews |
| Android Review Score (out of 5) | 4.4 | No Rating |
| Number of Android Reviews | 107 | No Reviews |
https://apps.apple.com/gb/app/allica-bank/id1489138340
https://www.apple.com/uk/app-store/
Allica Bank vs Cater Allen Account Fees & Charges
| Allica Bank | Cater Allen | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | No | Free |
| Most Expensive Monthly Account Fee | No | £25 |
| Electronic Payment Cost (in/out) | Free | £2 |
| Cash Payments Cost (in/out) | Free | Free |
| Cheques (in/out) | Unknown | £6 |
| CHAPS Payments Cost | £20 | £25 |
| SEPA Payments Cost | No | £2 |
Allica Bank vs Cater Allen Business Savings Rates
| Allica Bank | Cater Allen | |
| Types of Business Savings Accounts | Easy Access, Notice Account | Fixed Term, Notice Account |
| Lowest Savings Rate (AER) | 3.65% | 3.00% |
| Maximum Savings Rate (AER) | 5.10% | 4.70% |
| Minimum Savings Amount | £20,000 | No |
| Interest Paid On Foreign Currencies | No | Yes |
Allica Bank vs Cater Allen Account Opening Times
| Allica Bank | Cater Allen | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 3 to 5 Working days | 7 days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | No |
Allica Bank vs Cater Allen Features & Account Types
| Allica Bank | Cater Allen | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | No | No |
| Business Overdraft | Yes | No |
| Accounts For Startups | No | Yes |
| Accounts For Charities | No | Yes |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | No | Yes |
| Card Type | Visa | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | No |
| Branch Locations | Milton Keynes, London and Manchester | None, online and phone only |
Allica Bank vs Cater Allen Customer Support Options
| Allica Bank | Cater Allen | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | No |
| Web Based Support | Yes | Yes |
| In person Customer Support | Yes | No |
Allica Bank vs Cater Allen Foreign Currency Accounts
| Allica Bank | Cater Allen | |
| US Dollar (USD) Bank Accounts | No | Yes |
| Euro (EUR) Bank Accounts | No | Yes |
| Other Currencies Available: | No |
|
Other Business Services From Allica Bank and Cater Allen
| Allica Bank | Cater Allen | |
| Business Loans | Yes | No |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | No |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Allica Bank vs Cater Allen Banking Basics
| Allica Bank | Cater Allen | |
| Bank Type | Challenger | High Street |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 821851 | 178737 |
| Website | Allica Bank Website | Cater Allen Website |
Common Comparison Questions
Does Allica Bank or Cater Allen have better customer reviews?
Allica Bank scores 4.5 out of 5 based 815 Trustpilot reviews. Of these reviews 76% are 5-star and 6% are 1-star.
Whereas, Cater Allen scores 1.9 out of 5 based 136 Trustpilot reviews. Of which 7% are 5-star and 80% are 1-star.
Does Allica Bank or Cater Allen have a better App?
Allica Bank’s iPhone App is rated 4.8 out of 5 based on 503 reviews. And it’s Android App is rated 4.4 out of 5 based on 107 reviews.
In comparison, Cater Allen’s iPhone App is rated No Rating out of 5 based on No Reviews reviews. And it’s Android App is rated No Rating out of 5 based on No Reviews reviews.
Does Allica Bank or Cater Allen have better business savings rates?
Allica Bank offers the following types of business savings accounts: Easy Access, Notice Account with interest rates ranging from 3.65% to 5.10%. (AER)
In contrast, Cater Allen offers Fixed Term, Notice Account accounts with interest rates ranging from 3.00% to 4.70% (AER).
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For other business bank accounts see our guide here.