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Why thousands of UK SMEs are rethinking their business bank account in 2026 (aff)
Thousands of UK SMEs switch to challenger banks like Allica for up to 4.08% interest and 1.5% cashback to boost returns and improve banking efficiency.
- At the start of the year, UK SME owners are reassessing business bank accounts as they reset budgets and treat current accounts as levers for efficiency and returns.
- Many established SMEs left their business account unchanged for years, often deprioritising it compared with marketing and staffing despite its daily impact on cash flow.
- Offering higher returns, the Business Rewards Account pays up to 4.08% AER and cashback up to 1.5%, with some businesses earning up to 10,000 in interest, says Allica Bank.
- Modern account features improve control over payroll, expenses and savings with multi-account structures, employee cards and flexible permissions, while integrations with Xero, Sage and QuickBooks cut admin for finance teams.
- The bank's SME-focused onboarding can open accounts in under two weeks, and Allica Bank assigns a dedicated relationship manager for established businesses with between five and 250 employees.
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Total News Sources22
Leaning Left1Leaning Right0Center15Last UpdatedBias Distribution94% Center
Bias Distribution
- 94% of the sources are Center
94% Center
C 94%
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