Is Barclays or Allica Bank better for your small business?
Below we look at both Barclays 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.
Barclays vs Allica Bank Trustpilot Reviews
| Barclays | Allica Bank | |
| Trustpilot Review Score (out of 5) | 1.4 | 4.5 |
| Percent 5-Star Reviews | 8% | 76% |
| Percent 1- Star Reviews | 86% | 6% |
| Total Number of Reviews | 9,859 | 815 |
https://www.trustpilot.com/review/www.barclays.co.uk
https://www.trustpilot.com/review/www.allica.bank
Barclays vs Allica Bank App Reviews
| Barclays | Allica Bank | |
| iPhone Review Score (out of 5) | 4.8 | 4.8 |
| Number of iPhone Reviews | 1,700,000 | 503 |
| Android Review Score (out of 5) | 4.8 | 4.4 |
| Number of Android Reviews | 506,000 | 107 |
https://apps.apple.com/gb/app/barclays/id536248734
https://apps.apple.com/gb/app/allica-bank/id1489138340
Barclays vs Allica Bank Account Fees & Charges
| Barclays | 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 (up to 500 per month; 35p after) | Free |
| Cash Payments Cost (in/out) | 60p per £100/Free | Free |
| Cheques (in/out) | 60p each/60p each | Unknown |
| CHAPS Payments Cost | £15 | £20 |
| SEPA Payments Cost | 35p | No |
Barclays vs Allica Bank Business Savings Rates
| Barclays | Allica Bank | |
| Types of Business Savings Accounts | Instant access, Fixed-term Treasury Reserve Accounts | Easy Access, Notice Account |
| Lowest Savings Rate (AER) | 1.51% | 3.65% |
| Maximum Savings Rate (AER) | 1.96% | 5.10% |
| Minimum Savings Amount | £1 | £20,000 |
| Interest Paid On Foreign Currencies | Yes | No |
Barclays vs Allica Bank Account Opening Times
| Barclays | Allica Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | Up to 7 Working Days | 3 to 5 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Barclays vs Allica Bank Features & Account Types
| Barclays | Allica Bank | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes, via Barclaycard | 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 | Mastercard | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | Yes |
| Branch Locations | UK-wide | Milton Keynes, London and Manchester |
Barclays vs Allica Bank Customer Support Options
| Barclays | 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 |
Barclays vs Allica Bank Foreign Currency Accounts
| Barclays | Allica Bank | |
| US Dollar (USD) Bank Accounts | Yes | No |
| Euro (EUR) Bank Accounts | Yes | No |
| Other Currencies Available: |
| No |
Other Business Services From Barclays and Allica Bank
| Barclays | Allica Bank | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes, via Barclaycard | No |
| Card Machines | Yes, via Barclaycard | No |
| Free Accounting Software | Yes, FreshBooks | No |
Barclays vs Allica Bank Banking Basics
| Barclays | Allica Bank | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 122702 | 821851 |
| Website | Barclays Website | Allica Bank Website |
Common Comparison Questions
Does Barclays or Allica Bank have better customer reviews?
Barclays scores 1.4 out of 5 based 9,859 Trustpilot reviews. Of these reviews 8% are 5-star and 86% 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 Barclays or Allica Bank have a better App?
Barclays’s iPhone App is rated 4.8 out of 5 based on 1,700,000 reviews. And it’s Android App is rated 4.8 out of 5 based on 506,000 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 Barclays or Allica Bank have better business savings rates?
Barclays offers the following types of business savings accounts: Instant access, Fixed-term Treasury Reserve Accounts with interest rates ranging from 1.51% to 1.96%. (AER)
In contrast, Allica Bank offers Easy Access, Notice Account accounts with interest rates ranging from 3.65% to 5.10% (AER).
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For other business bank accounts see our guide here.