ANNA Money business account review
ANNA’s business account promises to set you free from admin. We look at all its features and fees, to help you decide if your business should sign up for one.
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If you’re a sole trader or run a small company then you might want to take note of ANNA Money which offers digital-only business accounts, including a pay-as-you-go option. Its accounts are managed entirely from an app, which could be handy if you like to bank on the go, and come with features to help with business admin, such as invoicing and expense management. ANNA Money is recommended as one of our best business accounts. In this guide we look at the pros and cons.
After signing up for ANNA through its quick online sign up process, you will receive your digital account. The features you’ll have access to include:
ANNA has 3 pricing tiers that customers can choose from:
ANNA also has an add-on option called + Taxes. You can add this to an existing plan for a small monthly fee and in return get free tax and bookkeeping tools.
ANNA promises that you can set up an account in 10 minutes and that the card will be on its way the same day. For a business account, it does seem pretty fast and stress-free to sign up to, and obviously you can do it online.
Eligible businesses include limited companies (you need to be the director to sign up) and non-limited businesses that are structured as a partnership or sole trader. You must be living in the UK.
You’ll need to enter your mobile number and email address in order to sign up. ANNA will also ask a few questions about your business. This will likely be asking you to share a link to show what your business does. If you don’t have this, you’ll need to provide documentation to prove what type of business you have.
If your business is just starting out and you’re not sure what banking features you will use, it could be worth giving ANNA’s pay-as-you-go account a whirl.”
In our independent 2024 customer satisfaction survey, 83% of ANNA’s users said they’d recommend the brand to a friend. Users cited great customer service and easy to use online banking. Here’s what some of those ANNA customers had to say:
“They are a super reliable bank and provide an easy to use app. The quality of service for such a low cost is almost unbeatable”
“The service is amazing”
On the Apple App Store, ANNA is rated 4.4 out of 5 based on over 900 reviews. On the Google Play Store, ANNA is rated 4.5 out of 5 based on over 1,300 reviews (April 2024).
ANNA isn’t a bank, so it doesn’t have a banking licence or benefit from the Financial Services Compensation Scheme (FSCS) deposit protection of up to £85,000. However, ANNA is regulated by the Financial Conduct Authority, and the company that issues the debit card, Wirecard Card Solutions, has an electronic money licence. This means that customer money has to be kept separate from company money and can never be used to pay the company’s debts. The Mastercard debit card is protected by a PIN and you can block the card in the app if it gets lost or stolen.
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While there are other business accounts available, ANNA’s strongest selling point is that it really integrates banking with expense management and invoicing (and even accounting, to a degree). Few business account providers offer the same services and account types at ANNA’s price, which makes it very competitive.
All in all, ANNA looks like a good choice for a tech-savvy business owner who’s looking to do all their admin and banking from the same app. However, keep in mind that there are better options out there if you do much of your business abroad.
Get started by visiting ANNA's website and sign up for an account. If you have read this review and decided that ANNA’s account is not for you, you can also compare other business bank accounts on the market.
Finder scores, in blue, are based on our expert analysis. We also show reviews from users, where we've received more than 10, with a score in yellow. We gather more reviews from customers every year in Finder's customer satisfaction survey.
To find out more, read our full methodology.
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How do you deposit money to Anna?
Hi Stephen,
Thanks for getting in touch with Finder. I hope all is well with you. :)
Upon checking, you can’t actually deposit money to ANNA, but rather, ANNA is more of an app that helps you handle your business transactions. For this reason, you would still need a traditional bank account when using ANNA.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua