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Allica is a bank built especially for established businesses with between 5 and 250 employees.
These businesses make up a third of UK employment and turnover, yet the service they get from the big banks is increasingly impersonal, inconvenient, and poor value. We don’t think that’s right.
Furthermore, our research shows that on average every SME in Coventry and Warwickshire is losing out on an additional £2,157* in annual interest.
For Coventry and Warwickshire, the lost interest from the region amounts to a staggering £32.5million. This huge sum of money could be used by businesses to continue to grow and support the wider community, including to develop green practices or invest in hiring more staff.
That’s where Allica comes in. Joining the CW Champions aligns perfectly with our ambition to support the Coventry and Warwickshire SME community.
We’re on a mission to give established businesses the no-nonsense banking they deserve. That means a current account with no monthly fees, a relationship manager whose name and number they actually know, and technology that makes life easier, not harder.
It's business banking how it used to be, just better.
Find out more at https://www.allica.bank/
*based on the average savings account holding of £75,000. ( June 2024)