Is Ulster Bank or Allica Bank better for your small business?
Below we look at both Ulster 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.
Ulster Bank vs Allica Bank Trustpilot Reviews
| Ulster Bank | Allica Bank | |
| Trustpilot Review Score (out of 5) | 1.5 | 4.5 |
| Percent 5-Star Reviews | 8% | 76% |
| Percent 1- Star Reviews | 86% | 6% |
| Total Number of Reviews | 114 | 815 |
https://www.trustpilot.com/review/www.ulsterbank.co.uk
https://www.trustpilot.com/review/www.allica.bank
Ulster Bank vs Allica Bank App Reviews
| Ulster Bank | Allica Bank | |
| iPhone Review Score (out of 5) | 4.8 | 4.8 |
| Number of iPhone Reviews | 15,700 | 503 |
| Android Review Score (out of 5) | 4.1 | 4.4 |
| Number of Android Reviews | 15,000 | 107 |
https://apps.apple.com/gb/app/ulster-bank-ni-mobile-banking/id469523324
https://apps.apple.com/gb/app/allica-bank/id1489138340
Ulster Bank vs Allica Bank Account Fees & Charges
| Ulster Bank | Allica Bank | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 24 Months | NA |
| Cheapest Monthly Account Fee | £8 | No |
| Most Expensive Monthly Account Fee | £12 | No |
| Electronic Payment Cost (in/out) | 43p | Free |
| Cash Payments Cost (in/out) | 70p per £100 | Free |
| Cheques (in/out) | 40p | Unknown |
| CHAPS Payments Cost | £18.75 | £20 |
| SEPA Payments Cost | €0.51 | No |
Ulster Bank vs Allica Bank Business Savings Rates
| Ulster Bank | Allica Bank | |
| Types of Business Savings Accounts | Instant access accounts, Fixed term accounts, Currency savings accounts | Easy Access, Notice Account |
| Lowest Savings Rate (AER) | 1.46% | 3.65% |
| Maximum Savings Rate (AER) | 1.92% | 5.10% |
| Minimum Savings Amount | No | £20,000 |
| Interest Paid On Foreign Currencies | Yes | No |
Ulster Bank vs Allica Bank Account Opening Times
| Ulster Bank | Allica Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 24 working hours | 3 to 5 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Ulster Bank vs Allica Bank Features & Account Types
| Ulster 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 | Northern Ireland Only | Milton Keynes, London and Manchester |
Ulster Bank vs Allica Bank Customer Support Options
| Ulster 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 |
Ulster Bank vs Allica Bank Foreign Currency Accounts
| Ulster Bank | Allica Bank | |
| US Dollar (USD) Bank Accounts | Yes | No |
| Euro (EUR) Bank Accounts | Yes | No |
| Other Currencies Available: |
| No |
Other Business Services From Ulster Bank and Allica Bank
| Ulster 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 | Yes | No |
| Free Accounting Software | Yes | No |
Ulster Bank vs Allica Bank Banking Basics
| Ulster Bank | Allica Bank | |
| Bank Type | High Street | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | NA | 821851 |
| Website | Ulster Bank Website | Allica Bank Website |
Common Comparison Questions
Does Ulster Bank or Allica Bank have better customer reviews?
Ulster Bank scores 1.5 out of 5 based 114 Trustpilot reviews. Of these reviews 8% are 5-star and 86% 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 Ulster Bank or Allica Bank have a better App?
Ulster Bank’s iPhone App is rated 4.8 out of 5 based on 15,700 reviews. And it’s Android App is rated 4.1 out of 5 based on 15,000 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 Ulster Bank or Allica Bank have better business savings rates?
Ulster Bank offers the following types of business savings accounts: Instant access accounts, Fixed term accounts, Currency savings accounts with interest rates ranging from 1.46% to 1.92%. (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.