Is Allica Bank or ICICI Bank UK better for your small business?
Below we look at both Allica Bank and ICICI Bank UK 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 ICICI Bank UK Trustpilot Reviews
| Allica Bank | ICICI Bank UK | |
| Trustpilot Review Score (out of 5) | 4.5 | 2.7 |
| Percent 5-Star Reviews | 76% | 18% |
| Percent 1- Star Reviews | 6% | 74% |
| Total Number of Reviews | 815 | 23 |
https://www.trustpilot.com/review/www.allica.bank
https://www.trustpilot.com/review/www.icicibank.co.uk
Allica Bank vs ICICI Bank UK App Reviews
| Allica Bank | ICICI Bank UK | |
| iPhone Review Score (out of 5) | 4.8 | 2.7 |
| Number of iPhone Reviews | 503 | 237 |
| Android Review Score (out of 5) | 4.4 | 4 |
| Number of Android Reviews | 107 | 684 |
https://apps.apple.com/gb/app/allica-bank/id1489138340
https://apps.apple.com/gb/app/icici-bank-uk-imobile/id1223898732
Allica Bank vs ICICI Bank UK Account Fees & Charges
| Allica Bank | ICICI Bank UK | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | No | £5 |
| Most Expensive Monthly Account Fee | No | £15 |
| Electronic Payment Cost (in/out) | Free | 25p |
| Cash Payments Cost (in/out) | Free | £5 per £1,000 / free |
| Cheques (in/out) | Unknown | £1 |
| CHAPS Payments Cost | £20 | £20 |
| SEPA Payments Cost | No | No |
Allica Bank vs ICICI Bank UK Business Savings Rates
| Allica Bank | ICICI Bank UK | |
| Types of Business Savings Accounts | Easy Access, Notice Account | Business Savings Account, Business Fixed Deposit |
| Lowest Savings Rate (AER) | 3.65% | 2.85% |
| Maximum Savings Rate (AER) | 5.10% | 4.50% |
| Minimum Savings Amount | £20,000 | £1 |
| Interest Paid On Foreign Currencies | No | Yes |
Allica Bank vs ICICI Bank UK Account Opening Times
| Allica Bank | ICICI Bank UK | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 3 to 5 Working days | 2 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Allica Bank vs ICICI Bank UK Features & Account Types
| Allica Bank | ICICI Bank UK | |
| 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 | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | Yes |
| Branch Locations | Milton Keynes, London and Manchester | London, Birmingham and Manchester |
Allica Bank vs ICICI Bank UK Customer Support Options
| Allica Bank | ICICI Bank UK | |
| 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 ICICI Bank UK Foreign Currency Accounts
| Allica Bank | ICICI Bank UK | |
| US Dollar (USD) Bank Accounts | No | Yes |
| Euro (EUR) Bank Accounts | No | Yes |
| Other Currencies Available: | No |
|
Other Business Services From Allica Bank and ICICI Bank UK
| Allica Bank | ICICI Bank UK | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | No |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Allica Bank vs ICICI Bank UK Banking Basics
| Allica Bank | ICICI Bank UK | |
| Bank Type | Challenger | Foreign Bank |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 821851 | 223268 |
| Website | Allica Bank Website | ICICI Bank UK Website |
Common Comparison Questions
Does Allica Bank or ICICI Bank UK 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, ICICI Bank UK scores 2.7 out of 5 based 23 Trustpilot reviews. Of which 18% are 5-star and 74% are 1-star.
Does Allica Bank or ICICI Bank UK 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, ICICI Bank UK’s iPhone App is rated 2.7 out of 5 based on 237 reviews. And it’s Android App is rated 4 out of 5 based on 684 reviews.
Does Allica Bank or ICICI Bank UK 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, ICICI Bank UK offers Business Savings Account, Business Fixed Deposit accounts with interest rates ranging from 2.85% to 4.50% (AER).
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For other business bank accounts see our guide here.