Is Shawbrook Bank or Allica Bank better for your small business?
Below we look at both Shawbrook 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.
Shawbrook Bank vs Allica Bank Trustpilot Reviews
| Shawbrook Bank | Allica Bank | |
| Trustpilot Review Score (out of 5) | 4.7 | 4.5 |
| Percent 5-Star Reviews | 85% | 76% |
| Percent 1- Star Reviews | 7% | 6% |
| Total Number of Reviews | 10,747 | 815 |
https://www.trustpilot.com/review/www.shawbrook.co.uk
https://www.trustpilot.com/review/www.allica.bank
Shawbrook Bank vs Allica Bank App Reviews
| Shawbrook Bank | Allica Bank | |
| iPhone Review Score (out of 5) | No Rating | 4.8 |
| Number of iPhone Reviews | No Reviews | 503 |
| Android Review Score (out of 5) | No Rating | 4.4 |
| Number of Android Reviews | No Reviews | 107 |
https://www.apple.com/uk/app-store/
https://apps.apple.com/gb/app/allica-bank/id1489138340
Shawbrook Bank vs Allica Bank Account Fees & Charges
| Shawbrook Bank | Allica Bank | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | Free | No |
| Most Expensive Monthly Account Fee | £12 | No |
| Electronic Payment Cost (in/out) | Free | Free |
| Cash Payments Cost (in/out) | Free | Free |
| Cheques (in/out) | Free | Unknown |
| CHAPS Payments Cost | £35 | £20 |
| SEPA Payments Cost | No | No |
Shawbrook Bank vs Allica Bank Business Savings Rates
| Shawbrook Bank | Allica Bank | |
| Types of Business Savings Accounts | Easy Access, Fixed Rate, Notice Accounts | Easy Access, Notice Account |
| Lowest Savings Rate (AER) | 3.66% | 3.65% |
| Maximum Savings Rate (AER) | 5.03% | 5.10% |
| Minimum Savings Amount | £1,000 | £20,000 |
| Interest Paid On Foreign Currencies | No | No |
Shawbrook Bank vs Allica Bank Account Opening Times
| Shawbrook Bank | Allica Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 5 Working days | 3 to 5 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | No | Yes |
Shawbrook Bank vs Allica Bank Features & Account Types
| Shawbrook Bank | Allica Bank | |
| Business Current Account | No | 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 | None | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | No | Yes |
| In Person/Branch Banking | No | Yes |
| Branch Locations | Limited locations accross the UK | Milton Keynes, London and Manchester |
Shawbrook Bank vs Allica Bank Customer Support Options
| Shawbrook Bank | Allica Bank | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | No | Yes |
| Web Based Support | Yes | Yes |
| In person Customer Support | No | Yes |
Shawbrook Bank vs Allica Bank Foreign Currency Accounts
| Shawbrook Bank | Allica Bank | |
| US Dollar (USD) Bank Accounts | No | No |
| Euro (EUR) Bank Accounts | No | No |
| Other Currencies Available: | No | No |
Other Business Services From Shawbrook Bank and Allica Bank
| Shawbrook Bank | 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 | No | No |
| Free Accounting Software | No | No |
Shawbrook Bank vs Allica Bank Banking Basics
| Shawbrook Bank | Allica Bank | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 204574 | 821851 |
| Website | Shawbrook Bank Website | Allica Bank Website |
Common Comparison Questions
Does Shawbrook Bank or Allica Bank have better customer reviews?
Shawbrook Bank scores 4.7 out of 5 based 10,747 Trustpilot reviews. Of these reviews 85% are 5-star and 7% 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 Shawbrook Bank or Allica Bank have a better App?
Shawbrook Bank’s iPhone App is rated No Rating out of 5 based on No Reviews reviews. And it’s Android App is rated No Rating out of 5 based on No Reviews 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 Shawbrook Bank or Allica Bank have better business savings rates?
Shawbrook Bank offers the following types of business savings accounts: Easy Access, Fixed Rate, Notice Accounts with interest rates ranging from 3.66% to 5.03%. (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.