Is Saffron Building Society or Allica Bank better for your small business?
Below we look at both Saffron Building Society 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.
Saffron Building Society vs Allica Bank Trustpilot Reviews
| Saffron Building Society | Allica Bank | |
| Trustpilot Review Score (out of 5) | 2.2 | 4.5 |
| Percent 5-Star Reviews | 21% | 76% |
| Percent 1- Star Reviews | 73% | 6% |
| Total Number of Reviews | 58 | 815 |
https://www.trustpilot.com/review/saffronbs.co.uk
https://www.trustpilot.com/review/www.allica.bank
Saffron Building Society vs Allica Bank App Reviews
| Saffron Building Society | Allica Bank | |
| iPhone Review Score (out of 5) | 3.7 | 4.8 |
| Number of iPhone Reviews | 24 | 503 |
| Android Review Score (out of 5) | 3.7 | 4.4 |
| Number of Android Reviews | 14 | 107 |
https://apps.apple.com/gb/app/saffron-building-society/id1482290341
https://apps.apple.com/gb/app/allica-bank/id1489138340
Saffron Building Society vs Allica Bank Account Fees & Charges
| Saffron Building Society | Allica Bank | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | £10 | No |
| Most Expensive Monthly Account Fee | £10 | No |
| Electronic Payment Cost (in/out) | Free | Free |
| Cash Payments Cost (in/out) | Free | Free |
| Cheques (in/out) | £1.50 | Unknown |
| CHAPS Payments Cost | £15 | £20 |
| SEPA Payments Cost | 25p | No |
Saffron Building Society vs Allica Bank Business Savings Rates
| Saffron Building Society | Allica Bank | |
| Types of Business Savings Accounts | Regular Savings, Easy access, Fixed rate bonds, Notice accounts, Business/corporate accounts | Easy Access, Notice Account |
| Lowest Savings Rate (AER) | 1.20% | 3.65% |
| Maximum Savings Rate (AER) | 5.75% | 5.10% |
| Minimum Savings Amount | £1 | £20,000 |
| Interest Paid On Foreign Currencies | No | No |
Saffron Building Society vs Allica Bank Account Opening Times
| Saffron Building Society | Allica Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | Undisclosed | 3 to 5 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Saffron Building Society vs Allica Bank Features & Account Types
| Saffron Building Society | Allica Bank | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | No |
| Business Overdraft | No | Yes |
| Accounts For Startups | No | 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 | Locations in Essex only | Milton Keynes, London and Manchester |
Saffron Building Society vs Allica Bank Customer Support Options
| Saffron Building Society | 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 |
Saffron Building Society vs Allica Bank Foreign Currency Accounts
| Saffron Building Society | Allica Bank | |
| US Dollar (USD) Bank Accounts | No | No |
| Euro (EUR) Bank Accounts | No | No |
| Other Currencies Available: | No | No |
Other Business Services From Saffron Building Society and Allica Bank
| Saffron Building Society | Allica Bank | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | No | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | No |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Saffron Building Society vs Allica Bank Banking Basics
| Saffron Building Society | Allica Bank | |
| Bank Type | Building Society | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 100015 | 821851 |
| Website | Saffron Building Society Website | Allica Bank Website |
Common Comparison Questions
Does Saffron Building Society or Allica Bank have better customer reviews?
Saffron Building Society scores 2.2 out of 5 based 58 Trustpilot reviews. Of these reviews 21% are 5-star and 73% 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 Saffron Building Society or Allica Bank have a better App?
Saffron Building Society’s iPhone App is rated 3.7 out of 5 based on 24 reviews. And it’s Android App is rated 3.7 out of 5 based on 14 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 Saffron Building Society or Allica Bank have better business savings rates?
Saffron Building Society offers the following types of business savings accounts: Regular Savings, Easy access, Fixed rate bonds, Notice accounts, Business/corporate accounts with interest rates ranging from 1.20% to 5.75%. (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.