Tide vs Allica Bank
short answerBoth are traditional neobanks. Allica Bank holds its own banking license and pays yield on balances. Compare custody, license, FX markup and fees field by field below.
Tide: 1M+ SME members (UK + India).
Allica Bank: Established-SMB challenger bank.
Side by side
| Tide | Allica Bank | |
|---|---|---|
| Category | traditional | traditional |
| Audience | SMB & startups | SMB & startups |
| HQ | London, UK | Milton Keynes, UK |
| Founded | 2015 | 2019 |
| Custody | Custodial | Custodial |
| Regulation | E-money institution | Licensed bank |
| License detail | E-money; deposits via ClearBank | Full UK banking license (PRA/FCA authorised) |
| Card | MC · Business debit | MC · Business |
| Cashback | Cashback (plan) | — |
| Yield | — | Rewards account |
| FX markup | Free plan 2.75% FX on non-GBP card txns; Smart/Pro/Max 0% (UK business) (2026-07) | — |
| Services | — | — |
| Stablecoins | No | No |
| KYC | Yes | Yes |
| Regions | Europe | Europe |
| Reported users | — | — |
go deeperFull profiles: Tide · Allica Bank — or run your own comparison of up to four in the directory.
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.