Is Cynergy Bank or Allica Bank better for your small business?
Below we look at both Cynergy Bank 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.
Cynergy Bank vs Allica Bank Trustpilot Reviews
| Cynergy Bank | Allica Bank | |
| Trustpilot Review Score (out of 5) | 4 | 4.5 |
| Percent 5-Star Reviews | 58% | 76% |
| Percent 1- Star Reviews | 27% | 6% |
| Total Number of Reviews | 2,235 | 815 |
https://www.trustpilot.com/review/cynergybank.co.uk
https://www.trustpilot.com/review/www.allica.bank
Cynergy Bank vs Allica Bank App Reviews
| Cynergy Bank | Allica Bank | |
| iPhone Review Score (out of 5) | 1.5 | 4.8 |
| Number of iPhone Reviews | 350 | 503 |
| Android Review Score (out of 5) | 1.7 | 4.4 |
| Number of Android Reviews | 449 | 107 |
https://apps.apple.com/gb/app/cynergy-bank-authenticator/id1497728953
https://apps.apple.com/gb/app/allica-bank/id1489138340
Cynergy Bank vs Allica Bank Account Fees & Charges
| Cynergy Bank | Allica Bank | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 12 Months | NA |
| Cheapest Monthly Account Fee | £25 | No |
| Most Expensive Monthly Account Fee | £25 | No |
| Electronic Payment Cost (in/out) | 35p | Free |
| Cash Payments Cost (in/out) | 65p per £100 | Free |
| Cheques (in/out) | 30p / 78p | Unknown |
| CHAPS Payments Cost | £25 | £20 |
| SEPA Payments Cost | £6 | No |
Cynergy Bank vs Allica Bank Business Savings Rates
| Cynergy Bank | Allica Bank | |
| Types of Business Savings Accounts | Business Saver | Easy Access, Notice Account |
| Lowest Savings Rate (AER) | 4.00% | 3.65% |
| Maximum Savings Rate (AER) | 4.00% | 5.10% |
| Minimum Savings Amount | £1 | £20,000 |
| Interest Paid On Foreign Currencies | Yes | No |
Cynergy Bank vs Allica Bank Account Opening Times
| Cynergy Bank | Allica Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 15 minutes | 3 to 5 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Cynergy Bank vs Allica Bank Features & Account Types
| Cynergy Bank | 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 | No | 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 | London, Redhill, Birmingham, Manchester and Glasgow | Milton Keynes, London and Manchester |
Cynergy Bank vs Allica Bank Customer Support Options
| Cynergy Bank | 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 |
Cynergy Bank vs Allica Bank Foreign Currency Accounts
| Cynergy Bank | Allica Bank | |
| US Dollar (USD) Bank Accounts | No | No |
| Euro (EUR) Bank Accounts | Yes | No |
| Other Currencies Available: | No | No |
Other Business Services From Cynergy Bank and Allica Bank
| Cynergy Bank | Allica 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 |
Cynergy Bank vs Allica Bank Banking Basics
| Cynergy Bank | Allica Bank | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 575105 | 821851 |
| Website | Cynergy Bank Website | Allica Bank Website |
Common Comparison Questions
Does Cynergy Bank or Allica Bank have better customer reviews?
Cynergy Bank scores 4 out of 5 based 2,235 Trustpilot reviews. Of these reviews 58% are 5-star and 27% 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 Cynergy Bank or Allica Bank have a better App?
Cynergy Bank’s iPhone App is rated 1.5 out of 5 based on 350 reviews. And it’s Android App is rated 1.7 out of 5 based on 449 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 Cynergy Bank or Allica Bank have better business savings rates?
Cynergy Bank offers the following types of business savings accounts: Business Saver with interest rates ranging from 4.00% to 4.00%. (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.