Is Allica Bank or Recognise Bank better for your small business?
Below we look at both Allica Bank and Recognise 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 vs Recognise Bank Trustpilot Reviews
| Allica Bank | Recognise Bank | |
| Trustpilot Review Score (out of 5) | 4.5 | 4.6 |
| Percent 5-Star Reviews | 76% | 77% |
| Percent 1- Star Reviews | 6% | 5% |
| Total Number of Reviews | 815 | 539 |
https://www.trustpilot.com/review/www.allica.bank
https://www.trustpilot.com/review/recognisebank.co.uk
Allica Bank vs Recognise Bank App Reviews
| Allica Bank | Recognise Bank | |
| 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 Recognise Bank Account Fees & Charges
| Allica Bank | Recognise Bank | |
| 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 | Free |
| Cash Payments Cost (in/out) | Free | Free |
| Cheques (in/out) | Unknown | Free |
| CHAPS Payments Cost | £20 | £15 |
| SEPA Payments Cost | No | 25p |
Allica Bank vs Recognise Bank Business Savings Rates
| Allica Bank | Recognise Bank | |
| Types of Business Savings Accounts | Easy Access, Notice Account | Notice account, Fixed Rate, Instant access |
| Lowest Savings Rate (AER) | 3.65% | 3.15% |
| Maximum Savings Rate (AER) | 5.10% | 4.50% |
| Minimum Savings Amount | £20,000 | £1,000 |
| Interest Paid On Foreign Currencies | No | Yes |
Allica Bank vs Recognise Bank Account Opening Times
| Allica Bank | Recognise Bank | |
| 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 | Yes |
| Current Account Switch Service | Yes | No |
Allica Bank vs Recognise Bank Features & Account Types
| Allica Bank | Recognise Bank | |
| Business Current Account | Yes | No |
| Business Savings Account | Yes | Yes |
| 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 | Yes |
| Card Type | Visa | None |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | No |
| In Person/Branch Banking | Yes | No |
| Branch Locations | Milton Keynes, London and Manchester | None, online and phone only |
Allica Bank vs Recognise Bank Customer Support Options
| Allica Bank | Recognise Bank | |
| 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 Recognise Bank Foreign Currency Accounts
| Allica Bank | Recognise Bank | |
| US Dollar (USD) Bank Accounts | No | Yes |
| Euro (EUR) Bank Accounts | No | Yes |
| Other Currencies Available: | No |
|
Other Business Services From Allica Bank and Recognise Bank
| Allica Bank | Recognise Bank | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | No |
| International Payments | Yes | No |
| Merchant Payment Services | No | No |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Allica Bank vs Recognise Bank Banking Basics
| Allica Bank | Recognise Bank | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 821851 | 849404 |
| Website | Allica Bank Website | Recognise Bank Website |
Common Comparison Questions
Does Allica Bank or Recognise 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, Recognise Bank scores 4.6 out of 5 based 539 Trustpilot reviews. Of which 77% are 5-star and 5% are 1-star.
Does Allica Bank or Recognise 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, Recognise 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 Recognise 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, Recognise Bank offers Notice account, Fixed Rate, Instant access accounts with interest rates ranging from 3.15% to 4.50% (AER).
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For other business bank accounts see our guide here.