Allica Bank vs Metro Bank: business accounts compared
Important: This guide provides general information, not personalised financial advice. Financial products, rates and eligibility rules can change, so check the provider’s current terms before applying. You can check a firm’s details on the FCA Register.
FSCS protects eligible deposits up to £120,000 per person, per authorised institution.
Quick answer
Both reward keeping a balance. Allica charges £25 a month if your average balance drops below £10,000; Metro charges £8 plus 30p per transaction in any month your daily balance dips below £6,000.
Allica is for businesses trading 12+ months with £50,000 to deposit and pays savings pot interest and card cashback. Metro takes start-ups and offers walk-in stores and local business managers.
Allica vs Metro Bank compared
| Feature | Allica Bank | Metro Bank |
|---|---|---|
| Monthly fee | £0 if average balance £10,000+, else £25 | £0 if daily balance £6,000+, else £8 |
| Transactions | Up to 150 free Faster Payments a month | 30 free then 30p (or 30p each under £6,000) |
| Rewards | Savings pot up to 4.08% AER; up to 1.5% card cashback | None stated |
| Eligibility | 12+ months trading; £50,000+ deposit or loan | Turnover up to £2m; start-ups accepted |
| Support | Named relationship manager | Local business managers in stores |
| Offers | 0.5% savings boost for 6 months after a CASS switch | 31 months fee-free for switchers; 12 months for new-to-bank |
Figures as of 4 October 2026, taken from the provider’s own website. Rates and fees can change.
Who each suits
- Allica: established, cash-rich businesses
- Metro: start-ups and businesses wanting in-person help
Who should skip it
These are general points to weigh up, not advice. You may want to look elsewhere if:
- Your balance swings a lot — both have balance-linked fees
Full explanation
Estimate your typical monthly balance with our business cashflow calculator.
The catch
Metro’s test is daily; Allica’s is a monthly average.
Check each bank’s current terms.
These go straight to each provider’s own website. They aren’t referral links and we don’t earn from them.
FAQs
Which suits a start-up?
Metro Bank — Allica requires 12 months of trading.
Which pays interest?
Allica, through its linked savings pot.
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