Is Allica Bank or MyPOS better for your small business?
Below we look at both Allica Bank and MyPOS 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 MyPOS Trustpilot Reviews
| Allica Bank | MyPOS | |
| Trustpilot Review Score (out of 5) | 4.5 | 4.2 |
| Percent 5-Star Reviews | 76% | 67% |
| Percent 1- Star Reviews | 6% | 11% |
| Total Number of Reviews | 815 | 10,019 |
https://www.trustpilot.com/review/www.allica.bank
https://www.trustpilot.com/review/mypos.com
Allica Bank vs MyPOS App Reviews
| Allica Bank | MyPOS | |
| iPhone Review Score (out of 5) | 4.8 | 4.2 |
| Number of iPhone Reviews | 503 | 698 |
| Android Review Score (out of 5) | 4.4 | 3.3 |
| Number of Android Reviews | 107 | 14,900 |
https://apps.apple.com/gb/app/allica-bank/id1489138340
https://apps.apple.com/gb/app/mypos-accept-all-payments/id934401253
Allica Bank vs MyPOS Account Fees & Charges
| Allica Bank | MyPOS | |
| Free Business Bank Account | No | Yes |
| Free Business Account Term Length | NA | No Limit |
| Cheapest Monthly Account Fee | No | No |
| Most Expensive Monthly Account Fee | No | No |
| Electronic Payment Cost (in/out) | Free | £1.50 |
| Cash Payments Cost (in/out) | Free | £2 |
| Cheques (in/out) | Unknown | Unknown |
| CHAPS Payments Cost | £20 | No |
| SEPA Payments Cost | No | £3 |
Allica Bank vs MyPOS Business Savings Rates
| Allica Bank | MyPOS | |
| Types of Business Savings Accounts | Easy Access, Notice Account | None |
| Lowest Savings Rate (AER) | 3.65% | NA |
| Maximum Savings Rate (AER) | 5.10% | NA |
| Minimum Savings Amount | £20,000 | NA |
| Interest Paid On Foreign Currencies | No | No |
Allica Bank vs MyPOS Account Opening Times
| Allica Bank | MyPOS | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 3 to 5 Working days | Few minutes |
| Do They Check Your Credit? | Yes | No |
| Current Account Switch Service | Yes | No |
Allica Bank vs MyPOS Features & Account Types
| Allica Bank | MyPOS | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | No |
| Business Credit Card | No | No |
| Business Overdraft | Yes | No |
| Accounts For Startups | No | Yes |
| Accounts For Charities | No | No |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | No | No |
| Card Type | Visa | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | No |
| Branch Locations | Milton Keynes, London and Manchester | None, online only |
Allica Bank vs MyPOS Customer Support Options
| Allica Bank | MyPOS | |
| 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 | No |
Allica Bank vs MyPOS Foreign Currency Accounts
| Allica Bank | MyPOS | |
| 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 MyPOS
| Allica Bank | MyPOS | |
| Business Loans | Yes | No |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | Yes |
| Card Machines | No | Yes |
| Free Accounting Software | No | Yes |
Allica Bank vs MyPOS Banking Basics
| Allica Bank | MyPOS | |
| Bank Type | Challenger | Other |
| FSCS Protection | Yes, up to £85,000 | No |
| FCA Number | 821851 | 900826 |
| Website | Allica Bank Website | MyPOS Website |
Common Comparison Questions
Does Allica Bank or MyPOS 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, MyPOS scores 4.2 out of 5 based 10,019 Trustpilot reviews. Of which 67% are 5-star and 11% are 1-star.
Does Allica Bank or MyPOS 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, MyPOS’s iPhone App is rated 4.2 out of 5 based on 698 reviews. And it’s Android App is rated 3.3 out of 5 based on 14,900 reviews.
Does Allica Bank or MyPOS 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, MyPOS offers None accounts with interest rates ranging from NA to NA (AER).
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For other business bank accounts see our guide here.