Allica Bank has introduced a unique cashback scheme for businesses that allows customers to earn unlimited cashback on their spending. This innovative offer, launched on January 13, 2026, enables users to earn up to 1.5% cashback without any upper limit, setting a new standard in the financial services sector.
Most banks impose caps on cashback rewards, which restricts the earning potential for customers. With Allica Bank’s Business Rewards Account, businesses can earn 1% cashback on the first £10,000 spent each month. Beyond that threshold, the cashback rate increases to 1.5%. For example, a business that spends £12,000 in a month would receive £100 from the first £10,000, plus an additional £30 from the next £2,000, totaling £130 in rewards.
For businesses with higher spending levels, the benefits become even more significant. A monthly expenditure of £18,000 would yield £220 in cashback, while companies spending up to £50,000 could receive up to £700 in cashback rewards.
Additional Benefits for Business Customers
In addition to its attractive cashback offers, Allica Bank provides competitive interest rates on idle cash, currently at around 3.8% AER. There are no monthly fees, free Faster Payments and BACS, and customers enjoy access to dedicated relationship managers. These features have made Allica Bank an appealing choice for small and medium-sized enterprises (SMEs) looking to maximize their financial efficiency.
Allica Bank’s fully digital platform allows seamless integration with accounting software such as Sage or Xero, simplifying financial management for business owners. This approach reflects a growing trend among digital banks, which prioritize user-friendly experiences and high-value services.
For SMEs, the ability to earn cashback without limits, coupled with favorable interest rates, positions Allica Bank as a leading option in the competitive banking landscape. The bank’s commitment to providing practical financial solutions demonstrates its understanding of the needs of modern businesses.
To explore the cashback options and various accounts available through Allica Bank, interested parties can visit their official website. As the banking sector continues to evolve, Allica Bank is at the forefront, offering innovative services that help businesses make their money work harder.
