Is Metro Bank or Allica Bank better for your small business?
Below we look at both Metro 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.
Metro Bank vs Allica Bank Trustpilot Reviews
| Metro Bank | Allica Bank | |
| Trustpilot Review Score (out of 5) | 2 | 4.5 |
| Percent 5-Star Reviews | 45% | 76% |
| Percent 1- Star Reviews | 48% | 6% |
| Total Number of Reviews | 4,764 | 815 |
https://www.trustpilot.com/review/www.metrobankonline.co.uk
https://www.trustpilot.com/review/www.allica.bank
Metro Bank vs Allica Bank App Reviews
| Metro Bank | Allica Bank | |
| iPhone Review Score (out of 5) | 4.8 | 4.8 |
| Number of iPhone Reviews | 182,900 | 503 |
| Android Review Score (out of 5) | 4.6 | 4.4 |
| Number of Android Reviews | 41,500 | 107 |
https://apps.apple.com/gb/app/metro-bank/id1175525592
https://apps.apple.com/gb/app/allica-bank/id1489138340
Metro Bank vs Allica Bank Account Fees & Charges
| Metro Bank | Allica Bank | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 12 Months | NA |
| Cheapest Monthly Account Fee | Free | No |
| Most Expensive Monthly Account Fee | £6.00 | No |
| Electronic Payment Cost (in/out) | 30p | Free |
| Cash Payments Cost (in/out) | 1.00% | Free |
| Cheques (in/out) | 30p | Unknown |
| CHAPS Payments Cost | £25 | £20 |
| SEPA Payments Cost | 20p | No |
Metro Bank vs Allica Bank Business Savings Rates
| Metro Bank | Allica Bank | |
| Types of Business Savings Accounts | Instant access, Fixed term | Easy Access, Notice Account |
| Lowest Savings Rate (AER) | 1.10% | 3.65% |
| Maximum Savings Rate (AER) | 4.41% | 5.10% |
| Minimum Savings Amount | £1 | £20,000 |
| Interest Paid On Foreign Currencies | Yes | No |
Metro Bank vs Allica Bank Account Opening Times
| Metro Bank | Allica Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 1 day | 3 to 5 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Metro Bank vs Allica Bank Features & Account Types
| Metro 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 | 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 | Limited locations in England & Wales only | Milton Keynes, London and Manchester |
Metro Bank vs Allica Bank Customer Support Options
| Metro 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 |
Metro Bank vs Allica Bank Foreign Currency Accounts
| Metro Bank | Allica Bank | |
| US Dollar (USD) Bank Accounts | Yes | No |
| Euro (EUR) Bank Accounts | Yes | No |
| Other Currencies Available: |
| No |
Other Business Services From Metro Bank and Allica Bank
| Metro Bank | Allica Bank | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | No | Yes |
| Invoice Financing | Yes | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | No |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Metro Bank vs Allica Bank Banking Basics
| Metro Bank | Allica Bank | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 488982 | 821851 |
| Website | Metro Bank Website | Allica Bank Website |
Common Comparison Questions
Does Metro Bank or Allica Bank have better customer reviews?
Metro Bank scores 2 out of 5 based 4,764 Trustpilot reviews. Of these reviews 45% are 5-star and 48% 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 Metro Bank or Allica Bank have a better App?
Metro Bank’s iPhone App is rated 4.8 out of 5 based on 182,900 reviews. And it’s Android App is rated 4.6 out of 5 based on 41,500 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 Metro Bank or Allica Bank have better business savings rates?
Metro Bank offers the following types of business savings accounts: Instant access, Fixed term with interest rates ranging from 1.10% to 4.41%. (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.