Is TSB or Allica Bank better for your small business?
Below we look at both TSB 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.
TSB vs Allica Bank Trustpilot Reviews
| TSB | Allica Bank | |
| Trustpilot Review Score (out of 5) | 4.2 | 4.5 |
| Percent 5-Star Reviews | 56% | 76% |
| Percent 1- Star Reviews | 27% | 6% |
| Total Number of Reviews | 21,942 | 815 |
https://www.trustpilot.com/review/tsb.co.uk
https://www.trustpilot.com/review/www.allica.bank
TSB vs Allica Bank App Reviews
| TSB | Allica Bank | |
| iPhone Review Score (out of 5) | 4.8 | 4.8 |
| Number of iPhone Reviews | 457,400 | 503 |
| Android Review Score (out of 5) | 4.4 | 4.4 |
| Number of Android Reviews | 197,000 | 107 |
https://apps.apple.com/gb/app/tsb-mobile-banking/id1160720878
https://apps.apple.com/gb/app/allica-bank/id1489138340
TSB vs Allica Bank Account Fees & Charges
| TSB | Allica Bank | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 30 Months | NA |
| Cheapest Monthly Account Fee | £5 | No |
| Most Expensive Monthly Account Fee | £40 | No |
| Electronic Payment Cost (in/out) | Free | Free |
| Cash Payments Cost (in/out) | 70p per £100 | Free |
| Cheques (in/out) | 70p | Unknown |
| CHAPS Payments Cost | £30 | £20 |
| SEPA Payments Cost | £2 | No |
TSB vs Allica Bank Business Savings Rates
| TSB | Allica Bank | |
| Types of Business Savings Accounts | Instant Access, Fixed Bonds | Easy Access, Notice Account |
| Lowest Savings Rate (AER) | 1.35% | 3.65% |
| Maximum Savings Rate (AER) | 4.30% | 5.10% |
| Minimum Savings Amount | £1 | £20,000 |
| Interest Paid On Foreign Currencies | Yes | No |
TSB vs Allica Bank Account Opening Times
| TSB | Allica Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 10 Working days | 3 to 5 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
TSB vs Allica Bank Features & Account Types
| TSB | 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 | Mastercard | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | Yes |
| Branch Locations | UK-wide | Milton Keynes, London and Manchester |
TSB vs Allica Bank Customer Support Options
| TSB | 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 |
TSB vs Allica Bank Foreign Currency Accounts
| TSB | Allica Bank | |
| US Dollar (USD) Bank Accounts | Yes | No |
| Euro (EUR) Bank Accounts | Yes | No |
| Other Currencies Available: |
| No |
Other Business Services From TSB and Allica Bank
| TSB | 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 | Yes | No |
| Free Accounting Software | No | No |
TSB vs Allica Bank Banking Basics
| TSB | Allica Bank | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 191240 | 821851 |
| Website | TSB Website | Allica Bank Website |
Common Comparison Questions
Does TSB or Allica Bank have better customer reviews?
TSB scores 4.2 out of 5 based 21,942 Trustpilot reviews. Of these reviews 56% 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 TSB or Allica Bank have a better App?
TSB’s iPhone App is rated 4.8 out of 5 based on 457,400 reviews. And it’s Android App is rated 4.4 out of 5 based on 197,000 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 TSB or Allica Bank have better business savings rates?
TSB offers the following types of business savings accounts: Instant Access, Fixed Bonds with interest rates ranging from 1.35% to 4.30%. (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:TSB vs Cater Allen
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TSB vs Unity Trust
TSB vs United Trust Bank
TSB vs HSBC Kinetic
For other business bank accounts see our guide here.