Is Allica Bank or Cumberland Building Society better for your small business?
Below we look at both Allica Bank and Cumberland Building Society 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 Cumberland Building Society Trustpilot Reviews
| Allica Bank | Cumberland Building Society | |
| Trustpilot Review Score (out of 5) | 4.5 | 2.5 |
| Percent 5-Star Reviews | 76% | 22% |
| Percent 1- Star Reviews | 6% | 69% |
| Total Number of Reviews | 815 | 41 |
https://www.trustpilot.com/review/www.allica.bank
https://www.trustpilot.com/review/cumberlandbuildingsociety.co.uk
Allica Bank vs Cumberland Building Society App Reviews
| Allica Bank | Cumberland Building Society | |
| iPhone Review Score (out of 5) | 4.8 | 4.7 |
| Number of iPhone Reviews | 503 | 644 |
| Android Review Score (out of 5) | 4.4 | 4.8 |
| Number of Android Reviews | 107 | 415 |
https://apps.apple.com/gb/app/allica-bank/id1489138340
https://apps.apple.com/gb/app/cumberland-mobile-banking/id715482935
Allica Bank vs Cumberland Building Society Account Fees & Charges
| Allica Bank | Cumberland Building Society | |
| Free Business Bank Account | No | Yes |
| Free Business Account Term Length | NA | 12 Months |
| Cheapest Monthly Account Fee | No | Free |
| Most Expensive Monthly Account Fee | No | £5 |
| Electronic Payment Cost (in/out) | Free | 35p |
| Cash Payments Cost (in/out) | Free | 40p per £100 |
| Cheques (in/out) | Unknown | £1 |
| CHAPS Payments Cost | £20 | £25 |
| SEPA Payments Cost | No | No |
Allica Bank vs Cumberland Building Society Business Savings Rates
| Allica Bank | Cumberland Building Society | |
| Types of Business Savings Accounts | Easy Access, Notice Account | Instant Access, Fixed Term, Notice Savings |
| Lowest Savings Rate (AER) | 3.65% | 3.05% |
| Maximum Savings Rate (AER) | 5.10% | 4.20% |
| Minimum Savings Amount | £20,000 | £1 |
| Interest Paid On Foreign Currencies | No | No |
Allica Bank vs Cumberland Building Society Account Opening Times
| Allica Bank | Cumberland Building Society | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 3 to 5 Working days | 5 to 10 minutes |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Allica Bank vs Cumberland Building Society Features & Account Types
| Allica Bank | Cumberland Building Society | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | No | Yes |
| Business Overdraft | Yes | Yes |
| 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 | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | Yes |
| Branch Locations | Milton Keynes, London and Manchester | Locations in North East England only |
Allica Bank vs Cumberland Building Society Customer Support Options
| Allica Bank | Cumberland Building Society | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | Yes |
| Web Based Support | Yes | Yes |
| In person Customer Support | Yes | Yes |
Allica Bank vs Cumberland Building Society Foreign Currency Accounts
| Allica Bank | Cumberland Building Society | |
| US Dollar (USD) Bank Accounts | No | Yes |
| Euro (EUR) Bank Accounts | No | Yes |
| Other Currencies Available: | No | No |
Other Business Services From Allica Bank and Cumberland Building Society
| Allica Bank | Cumberland Building Society | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | No |
| Card Machines | No | No |
| Free Accounting Software | No | Yes |
Allica Bank vs Cumberland Building Society Banking Basics
| Allica Bank | Cumberland Building Society | |
| Bank Type | Challenger | Building Society |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 821851 | 106074 |
| Website | Allica Bank Website | Cumberland Building Society Website |
Common Comparison Questions
Does Allica Bank or Cumberland Building Society 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, Cumberland Building Society scores 2.5 out of 5 based 41 Trustpilot reviews. Of which 22% are 5-star and 69% are 1-star.
Does Allica Bank or Cumberland Building Society 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, Cumberland Building Society’s iPhone App is rated 4.7 out of 5 based on 644 reviews. And it’s Android App is rated 4.8 out of 5 based on 415 reviews.
Does Allica Bank or Cumberland Building Society 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, Cumberland Building Society offers Instant Access, Fixed Term, Notice Savings accounts with interest rates ranging from 3.05% to 4.20% (AER).
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For other business bank accounts see our guide here.