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Allica Bank VS Charity Bank: Business Banking Review & Fee Comparison


By: Ian Wright | Last Updated: May 22, 2025

Is Allica Bank or Charity Bank better for your small business?



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Below we look at both Allica Bank and Charity Bank 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 Homepage
Allica Bank Homepage


Charity Bank Homepage
Charity Bank Homepage
 

Allica Bank vs Charity Bank Trustpilot Reviews

Allica BankCharity Bank
Trustpilot Review Score (out of 5)4.53.3
Percent 5-Star Reviews76%33%
Percent 1- Star Reviews6%34%
Total Number of Reviews8153
Sources:
https://www.trustpilot.com/review/www.allica.bank
https://www.trustpilot.com/review/charitybank.org

Allica Bank vs Charity Bank App Reviews

Allica BankCharity Bank
iPhone Review Score (out of 5)4.8No Rating
Number of iPhone Reviews503No Reviews
Android Review Score (out of 5)4.4No Rating
Number of Android Reviews107No Reviews
Sources:
https://apps.apple.com/gb/app/allica-bank/id1489138340
https://www.apple.com/uk/app-store/

Allica Bank vs Charity Bank Account Fees & Charges

Allica BankCharity Bank
Free Business Bank AccountNoNo
Free Business Account Term LengthNANA
Cheapest Monthly Account FeeNoFree
Most Expensive Monthly Account FeeNoFree
Electronic Payment Cost (in/out)FreeNo
Cash Payments Cost (in/out)FreeFree
Cheques (in/out)UnknownFree
CHAPS Payments Cost£20£10
SEPA Payments CostNo20p

Allica Bank vs Charity Bank Business Savings Rates

Allica BankCharity Bank
Types of Business Savings AccountsEasy Access, Notice AccountCITR accounts, Easy Access, Notice Accounts, Fixed Account
Lowest Savings Rate (AER)3.65%2.02%
Maximum Savings Rate (AER)5.10%4.51%
Minimum Savings Amount£20,000£1,000
Interest Paid On Foreign CurrenciesNoNo
 

Allica Bank vs Charity Bank Account Opening Times

Allica BankCharity Bank
Can You Apply Online?YesYes
How Long Does Opening An
Account Typically Take?
3 to 5 Working daysUndisclosed
Do They Check Your Credit?YesYes
Current Account Switch ServiceYesYes

Allica Bank vs Charity Bank Features & Account Types

Allica Bank Account Types
Allica Bank Features & Account Types


Charity Bank Account Types
Charity Bank Features & Account Types


Allica BankCharity Bank
Business Current AccountYesYes
Business Savings AccountYesYes
Business Credit CardNoNo
Business OverdraftYesNo
Accounts For StartupsNoYes
Accounts For CharitiesNoYes
Accounts For Sole TradersYesYes
Joint Business Accounts AvailableNoYes
Card TypeVisaMastercard
Online BankingYesYes
Mobile BankingYesNo
In Person/Branch BankingYesNo
Branch LocationsMilton Keynes, London and ManchesterTonbridge

Allica Bank vs Charity Bank Customer Support Options

Allica BankCharity Bank
Phone Support AvailableYesYes
Email Support AvailableYesYes
App Based Support YesNo
Web Based SupportYesYes
In person Customer SupportYesNo

Allica Bank vs Charity Bank Foreign Currency Accounts

Allica BankCharity Bank
US Dollar (USD) Bank AccountsNoNo
Euro (EUR) Bank AccountsNoNo
Other Currencies Available:NoNo

Other Business Services From Allica Bank and Charity Bank

Allica Bank Account Types
Other Allica Bank Services


Charity Bank Account Types
Other Charity Bank Services


Allica BankCharity Bank
Business LoansYesYes
Commercial MortgagesYesYes
Invoice FinancingYesNo
International PaymentsYesYes
Merchant Payment ServicesNoNo
Card MachinesNoNo
Free Accounting SoftwareNoNo

Allica Bank vs Charity Bank Banking Basics

Allica BankCharity Bank
Bank TypeChallengerChallenger
FSCS ProtectionYes, up to £85,000Yes, up to £85,000
FCA Number821851207701
WebsiteAllica Bank WebsiteCharity Bank Website

Common Comparison Questions

Does Allica Bank or Charity Bank 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, Charity Bank scores 3.3 out of 5 based 3 Trustpilot reviews. Of which 33% are 5-star and 34% are 1-star.

Does Allica Bank or Charity Bank 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, Charity Bank’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 Charity Bank 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, Charity Bank offers CITR accounts, Easy Access, Notice Accounts, Fixed Account accounts with interest rates ranging from 2.02% to 4.51% (AER).

See Other Comparisons:
Allica Bank vs Cumberland Building Society
Allica Bank vs Redwood Bank
Allica Bank vs Amaiz
Allica Bank vs ICICI Bank UK
Allica Bank vs Intergiro


For other business bank accounts see our guide here.

 



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