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Triodos Bank VS Allica Bank: Business Banking Review & Fee Comparison


By: Ian Wright | Last Updated: May 22, 2025

Is Triodos Bank or Allica Bank better for your small business?



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Below we look at both Triodos 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.

Triodos Bank Homepage
Triodos Bank Homepage


Allica Bank Homepage
Allica Bank Homepage
 

Triodos Bank vs Allica Bank Trustpilot Reviews

Triodos BankAllica Bank
Trustpilot Review Score (out of 5)4.14.5
Percent 5-Star Reviews58%76%
Percent 1- Star Reviews22%6%
Total Number of Reviews514815
Sources:
https://www.trustpilot.com/review/triodos.co.uk
https://www.trustpilot.com/review/www.allica.bank

Triodos Bank vs Allica Bank App Reviews

Triodos BankAllica Bank
iPhone Review Score (out of 5)4.64.8
Number of iPhone Reviews1,700503
Android Review Score (out of 5)4.64.4
Number of Android Reviews851107
Sources:
https://apps.apple.com/gb/app/triodos-bank-uk/id1238649529
https://apps.apple.com/gb/app/allica-bank/id1489138340

Triodos Bank vs Allica Bank Account Fees & Charges

Triodos BankAllica Bank
Free Business Bank AccountNoNo
Free Business Account Term LengthNANA
Cheapest Monthly Account Fee£3No
Most Expensive Monthly Account Fee£3No
Electronic Payment Cost (in/out)NoFree
Cash Payments Cost (in/out)Free / £1Free
Cheques (in/out)£1Unknown
CHAPS Payments Cost£20£20
SEPA Payments CostNoNo

Triodos Bank vs Allica Bank Business Savings Rates

Triodos BankAllica Bank
Types of Business Savings AccountsNoneEasy Access, Notice Account
Lowest Savings Rate (AER)NA3.65%
Maximum Savings Rate (AER)NA5.10%
Minimum Savings AmountNA£20,000
Interest Paid On Foreign CurrenciesYesNo
 

Triodos Bank vs Allica Bank Account Opening Times

Triodos BankAllica Bank
Can You Apply Online?YesYes
How Long Does Opening An
Account Typically Take?
1 to 2 Working days3 to 5 Working days
Do They Check Your Credit?YesYes
Current Account Switch ServiceYesYes

Triodos Bank vs Allica Bank Features & Account Types

Triodos Bank Account Types
Triodos Bank Features & Account Types


Allica Bank Account Types
Allica Bank Features & Account Types


Triodos BankAllica Bank
Business Current AccountYesYes
Business Savings AccountYesYes
Business Credit CardNoNo
Business OverdraftYesYes
Accounts For StartupsNoNo
Accounts For CharitiesNoNo
Accounts For Sole TradersYesYes
Joint Business Accounts AvailableYesNo
Card TypeMastercardVisa
Online BankingYesYes
Mobile BankingYesYes
In Person/Branch BankingNoYes
Branch LocationsBristol, London and EdinburghMilton Keynes, London and Manchester

Triodos Bank vs Allica Bank Customer Support Options

Triodos BankAllica Bank
Phone Support AvailableYesYes
Email Support AvailableYesYes
App Based Support YesYes
Web Based SupportYesYes
In person Customer SupportNoYes

Triodos Bank vs Allica Bank Foreign Currency Accounts

Triodos BankAllica Bank
US Dollar (USD) Bank AccountsNoNo
Euro (EUR) Bank AccountsYesNo
Other Currencies Available:
  • Australian Dollar (AUD)
  • Bulgarian Lev (BGN)
  • Canadian Dollar (CAD)
  • Swiss Franc (CHF)
  • Chinese Renminbi Yuan (CNY)
  • Czech Koruna (CZK)
  • Danish Krone (DKK)
  • Euro (EUR)
  • Hong Kong Dollar (HKD)
  • Croatian Kuna (HRK)
  • Hungarian Forint (HUF)
  • Indian Rupee (INR)
  • New Israeli Sheqel (ILS)
  • Japanese Yen (JPY)
  • Mexican Peso (MXN)
  • Norwegian Krone (NOK)
  • New Zealand Dollar (NZD)
No

Other Business Services From Triodos Bank and Allica Bank

Triodos Bank Account Types
Other Triodos Bank Services


Allica Bank Account Types
Other Allica Bank Services


Triodos BankAllica Bank
Business LoansYesYes
Commercial MortgagesNoYes
Invoice FinancingNoYes
International PaymentsYesYes
Merchant Payment ServicesNoNo
Card MachinesNoNo
Free Accounting SoftwareNoNo

Triodos Bank vs Allica Bank Banking Basics

Triodos BankAllica Bank
Bank TypeChallengerChallenger
FSCS ProtectionYes, up to £85,000Yes, up to £85,000
FCA Number817008821851
WebsiteTriodos Bank WebsiteAllica Bank Website

Common Comparison Questions

Does Triodos Bank or Allica Bank have better customer reviews?

Triodos Bank scores 4.1 out of 5 based 514 Trustpilot reviews. Of these reviews 58% are 5-star and 22% 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 Triodos Bank or Allica Bank have a better App?

Triodos Bank’s iPhone App is rated 4.6 out of 5 based on 1,700 reviews. And it’s Android App is rated 4.6 out of 5 based on 851 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 Triodos Bank or Allica Bank have better business savings rates?

Triodos Bank offers the following types of business savings accounts: None with interest rates ranging from NA to NA. (AER)

In contrast, Allica Bank offers Easy Access, Notice Account accounts with interest rates ranging from 3.65% to 5.10% (AER).

See Other Comparisons:
Triodos Bank vs Cater Allen
Triodos Bank vs AIB (Allied Irish Bank)
Triodos Bank vs Unity Trust
Triodos Bank vs United Trust Bank
Triodos Bank vs HSBC Kinetic


For other business bank accounts see our guide here.

 



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