Is Bank of Scotland or Allica Bank better for your small business?
Below we look at both Bank of Scotland and Allica 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.
Bank of Scotland vs Allica Bank Trustpilot Reviews
| Bank of Scotland | Allica Bank | |
| Trustpilot Review Score (out of 5) | 1.6 | 4.5 |
| Percent 5-Star Reviews | 12% | 76% |
| Percent 1- Star Reviews | 80% | 6% |
| Total Number of Reviews | 649 | 815 |
https://www.trustpilot.com/review/www.bankofscotland.co.uk
https://www.trustpilot.com/review/www.allica.bank
Bank of Scotland vs Allica Bank App Reviews
| Bank of Scotland | Allica Bank | |
| iPhone Review Score (out of 5) | 4.8 | 4.8 |
| Number of iPhone Reviews | 269,400 | 503 |
| Android Review Score (out of 5) | 4.5 | 4.4 |
| Number of Android Reviews | 44,100 | 107 |
https://apps.apple.com/gb/app/bank-of-scotland-mobile-bank/id485728109
https://apps.apple.com/gb/app/allica-bank/id1489138340
Bank of Scotland vs Allica Bank Account Fees & Charges
| Bank of Scotland | Allica Bank | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 12 Months | NA |
| Cheapest Monthly Account Fee | £8.50 | No |
| Most Expensive Monthly Account Fee | £8.50 | No |
| Electronic Payment Cost (in/out) | Free / 20p | Free |
| Cash Payments Cost (in/out) | £85p / £1.50 per £100 | Free |
| Cheques (in/out) | 85p per cheque | Unknown |
| CHAPS Payments Cost | £30 | £20 |
| SEPA Payments Cost | £5 | No |
Bank of Scotland vs Allica Bank Business Savings Rates
| Bank of Scotland | Allica Bank | |
| Types of Business Savings Accounts | Fixed Term Deposit, Notice Accounts, Instant Access Account | Easy Access, Notice Account |
| Lowest Savings Rate (AER) | 1.31% | 3.65% |
| Maximum Savings Rate (AER) | 4.37% | 5.10% |
| Minimum Savings Amount | £1 | £20,000 |
| Interest Paid On Foreign Currencies | Yes | No |
Bank of Scotland vs Allica Bank Account Opening Times
| Bank of Scotland | Allica Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 Working days | 3 to 5 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Bank of Scotland vs Allica Bank Features & Account Types
| Bank of Scotland | Allica Bank | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | Yes |
| Accounts For Startups | Yes | No |
| Accounts For Charities | Yes | No |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | No |
| Card Type | Visa | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | Yes |
| Branch Locations | Scotland only | Milton Keynes, London and Manchester |
Bank of Scotland vs Allica Bank Customer Support Options
| Bank of Scotland | Allica 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 | Yes |
Bank of Scotland vs Allica Bank Foreign Currency Accounts
| Bank of Scotland | Allica Bank | |
| US Dollar (USD) Bank Accounts | Yes | No |
| Euro (EUR) Bank Accounts | Yes | No |
| Other Currencies Available: |
| No |
Other Business Services From Bank of Scotland and Allica Bank
| Bank of Scotland | Allica Bank | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | No |
| Card Machines | Yes | No |
| Free Accounting Software | Yes | No |
Bank of Scotland vs Allica Bank Banking Basics
| Bank of Scotland | Allica Bank | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 169628 | 821851 |
| Website | Bank of Scotland Website | Allica Bank Website |
Common Comparison Questions
Does Bank of Scotland or Allica Bank have better customer reviews?
Bank of Scotland scores 1.6 out of 5 based 649 Trustpilot reviews. Of these reviews 12% are 5-star and 80% are 1-star.
Whereas, Allica Bank scores 4.5 out of 5 based 815 Trustpilot reviews. Of which 76% are 5-star and 6% are 1-star.
Does Bank of Scotland or Allica Bank have a better App?
Bank of Scotland’s iPhone App is rated 4.8 out of 5 based on 269,400 reviews. And it’s Android App is rated 4.5 out of 5 based on 44,100 reviews.
In comparison, 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.
Does Bank of Scotland or Allica Bank have better business savings rates?
Bank of Scotland offers the following types of business savings accounts: Fixed Term Deposit, Notice Accounts, Instant Access Account with interest rates ranging from 1.31% to 4.37%. (AER)
In contrast, Allica Bank offers Easy Access, Notice Account accounts with interest rates ranging from 3.65% to 5.10% (AER).
See Other Comparisons:Bank of Scotland vs Cater Allen
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Bank of Scotland vs United Trust Bank
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For other business bank accounts see our guide here.