Is Allica Bank or United Trust Bank better for your small business?
Below we look at both Allica Bank and United Trust 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 United Trust Bank Trustpilot Reviews
| Allica Bank | United Trust Bank | |
| Trustpilot Review Score (out of 5) | 4.5 | 4.6 |
| Percent 5-Star Reviews | 76% | 78% |
| Percent 1- Star Reviews | 6% | 3% |
| Total Number of Reviews | 815 | 1,372 |
https://www.trustpilot.com/review/www.allica.bank
https://www.trustpilot.com/review/utbank.co.uk
Allica Bank vs United Trust Bank App Reviews
| Allica Bank | United Trust Bank | |
| iPhone Review Score (out of 5) | 4.8 | 5 |
| Number of iPhone Reviews | 503 | 5 |
| 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://apps.apple.com/us/app/united-trust-bank/id6444029400
Allica Bank vs United Trust Bank Account Fees & Charges
| Allica Bank | United Trust Bank | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | No | £12.50 |
| Most Expensive Monthly Account Fee | No | £25 |
| Electronic Payment Cost (in/out) | Free | Free |
| Cash Payments Cost (in/out) | Free | Free / £1.50 |
| Cheques (in/out) | Unknown | Free / £2.50 |
| CHAPS Payments Cost | £20 | £25 |
| SEPA Payments Cost | No | No |
Allica Bank vs United Trust Bank Business Savings Rates
| Allica Bank | United Trust Bank | |
| Types of Business Savings Accounts | Easy Access, Notice Account | Fixed Term Business Bonds, Notice Accounts, Tracker Accounts |
| Lowest Savings Rate (AER) | 3.65% | 3.75% |
| Maximum Savings Rate (AER) | 5.10% | 5.25% |
| Minimum Savings Amount | £20,000 | £5,000 |
| Interest Paid On Foreign Currencies | No | Yes |
Allica Bank vs United Trust Bank Account Opening Times
| Allica Bank | United Trust Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 3 to 5 Working days | 7 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Allica Bank vs United Trust Bank Features & Account Types
| Allica Bank | United Trust Bank | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | No | No |
| 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 | No |
| Branch Locations | Milton Keynes, London and Manchester | London office only |
Allica Bank vs United Trust Bank Customer Support Options
| Allica Bank | United Trust Bank | |
| 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 United Trust Bank Foreign Currency Accounts
| Allica Bank | United Trust 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 United Trust Bank
| Allica Bank | United Trust Bank | |
| 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 United Trust Bank Banking Basics
| Allica Bank | United Trust Bank | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 821851 | 204463 |
| Website | Allica Bank Website | United Trust Bank Website |
Common Comparison Questions
Does Allica Bank or United Trust 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, United Trust Bank scores 4.6 out of 5 based 1,372 Trustpilot reviews. Of which 78% are 5-star and 3% are 1-star.
Does Allica Bank or United Trust 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, United Trust Bank’s iPhone App is rated 5 out of 5 based on 5 reviews. And it’s Android App is rated No Rating out of 5 based on No Reviews reviews.
Does Allica Bank or United Trust 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, United Trust Bank offers Fixed Term Business Bonds, Notice Accounts, Tracker Accounts accounts with interest rates ranging from 3.75% to 5.25% (AER).
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For other business bank accounts see our guide here.