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Allica Bank VS SumUp Business Account: Business Banking Review & Fee Comparison


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

Is Allica Bank or SumUp Business Account better for your small business?



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Below we look at both Allica Bank and SumUp Business Account 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


SumUp Business Account Homepage
SumUp Business Account Homepage
 

Allica Bank vs SumUp Business Account Trustpilot Reviews

Allica BankSumUp Business Account
Trustpilot Review Score (out of 5)4.54.2
Percent 5-Star Reviews76%64%
Percent 1- Star Reviews6%22%
Total Number of Reviews81518,247
Sources:
https://www.trustpilot.com/review/www.allica.bank
https://www.trustpilot.com/review/sumup.com

Allica Bank vs SumUp Business Account App Reviews

Allica BankSumUp Business Account
iPhone Review Score (out of 5)4.84.8
Number of iPhone Reviews50312,400
Android Review Score (out of 5)4.44.7
Number of Android Reviews10784,500
Sources:
https://apps.apple.com/gb/app/allica-bank/id1489138340
https://apps.apple.com/gb/app/sumup/id514879214

Allica Bank vs SumUp Business Account Account Fees & Charges

Allica BankSumUp Business Account
Free Business Bank AccountNoYes
Free Business Account Term LengthNANo Limit
Cheapest Monthly Account FeeNoNo
Most Expensive Monthly Account FeeNoNo
Electronic Payment Cost (in/out)FreeFree
Cash Payments Cost (in/out)FreeFree
Cheques (in/out)UnknownFree
CHAPS Payments Cost£20No
SEPA Payments CostNoNo

Allica Bank vs SumUp Business Account Business Savings Rates

Allica BankSumUp Business Account
Types of Business Savings AccountsEasy Access, Notice AccountNone
Lowest Savings Rate (AER)3.65%NA
Maximum Savings Rate (AER)5.10%NA
Minimum Savings Amount£20,000NA
Interest Paid On Foreign CurrenciesNoNo
 

Allica Bank vs SumUp Business Account Account Opening Times

Allica BankSumUp Business Account
Can You Apply Online?YesYes
How Long Does Opening An
Account Typically Take?
3 to 5 Working days10 minutes
Do They Check Your Credit?YesYes
Current Account Switch ServiceYesNo

Allica Bank vs SumUp Business Account Features & Account Types

Allica Bank Account Types
Allica Bank Features & Account Types


SumUp Business Account Account Types
SumUp Business Account Features & Account Types


Allica BankSumUp Business Account
Business Current AccountYesYes
Business Savings AccountYesNo
Business Credit CardNoNo
Business OverdraftYesNo
Accounts For StartupsNoYes
Accounts For CharitiesNoYes
Accounts For Sole TradersYesYes
Joint Business Accounts AvailableNoNo
Card TypeVisaMastercard
Online BankingYesYes
Mobile BankingYesYes
In Person/Branch BankingYesNo
Branch LocationsMilton Keynes, London and ManchesterNone, online only

Allica Bank vs SumUp Business Account Customer Support Options

Allica BankSumUp Business Account
Phone Support AvailableYesYes
Email Support AvailableYesYes
App Based Support YesYes
Web Based SupportYesYes
In person Customer SupportYesNo

Allica Bank vs SumUp Business Account Foreign Currency Accounts

Allica BankSumUp Business Account
US Dollar (USD) Bank AccountsNoNo
Euro (EUR) Bank AccountsNoNo
Other Currencies Available:NoNo

Other Business Services From Allica Bank and SumUp Business Account

Allica Bank Account Types
Other Allica Bank Services


SumUp Business Account Account Types
Other SumUp Business Account Services


Allica BankSumUp Business Account
Business LoansYesNo
Commercial MortgagesYesNo
Invoice FinancingYesNo
International PaymentsYesYes
Merchant Payment ServicesNoYes
Card MachinesNoYes
Free Accounting SoftwareNoNo

Allica Bank vs SumUp Business Account Banking Basics

Allica BankSumUp Business Account
Bank TypeChallengerChallenger
FSCS ProtectionYes, up to £85,000No
FCA Number821851900700
WebsiteAllica Bank WebsiteSumUp Business Account Website

Common Comparison Questions

Does Allica Bank or SumUp Business Account 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, SumUp Business Account scores 4.2 out of 5 based 18,247 Trustpilot reviews. Of which 64% are 5-star and 22% are 1-star.

Does Allica Bank or SumUp Business Account 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, SumUp Business Account’s iPhone App is rated 4.8 out of 5 based on 12,400 reviews. And it’s Android App is rated 4.7 out of 5 based on 84,500 reviews.

Does Allica Bank or SumUp Business Account 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, SumUp Business Account offers None accounts with interest rates ranging from NA to NA (AER).

See Other Comparisons:
Allica Bank vs Cambridge & Counties Bank
Allica Bank vs Recognise Bank
Allica Bank vs Dudley Building Society
Allica Bank vs MyPOS
Allica Bank vs Ampere


For other business bank accounts see our guide here.

 



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