Allica updates business rewards referrals for commercial finance brokers

Allica Bank has made it easier for commercial finance brokers to refer clients for its Business Rewards Account, as the challenger bank reveals it has now paid more than £100 million in instant access savings interest to business customers.

Brokers can now submit Business Rewards Account applications on behalf of their clients directly through Allica's Introducer Portal, building on the bank's business current account referral scheme launched in June 2025.

The scheme will pay brokers on Allica’s panel £400 if they refer a client who maintains a minimum of £50,000 in their account for 28 days, rising to £600 for those keeping over £150,000.

This comes as Allica reaches a milestone in its business current account offering, having paid more than £100m in interest through the instant-access Savings Pots attached to its Business Rewards Account. More than half of this interest has been paid in 2026 alone.

Nick Baker, CCO at Allica Bank (pictured above), said, “Established business owners are increasingly relying on their broker to play a more strategic role, especially when it comes to the broader banking market.

“We believe brokers should be recognised for this support, in the same way as they would if they’d helped their client secure funding, so we’re pleased to make it even easier for them to do so.”