Anna (which stands for Absolutely No-Nonsense Admin) is a mobile business current account for freelancers and small businesses. You can open an account in 3 minutes with your ID, and track all your transactions and payments on the app. It also includes financial admin tools like invoice management and automatic tax reminders.
Anna Business Banking Services
An Anna account combines most of the banking features you’d expect, with some extra accounting tools. Businesses can open an account in minutes, which includes a MasterCard debit card that earns 1% cashback on select business supplies and expenses.
Anna also includes an invoicing tool, which automates late payment reminders, and automatic tax calculations.
Monthly fees vary depending on monthly turnover and business type. Sole traders pay £5 a month, while Limited Companies pay from £5-49 per month. If you process over £100,000 a month, you’ll pay the maximum monthly fee of £49.
Account support is available online 24/7. If the team can’t get back to you within 10 minutes, you’ll receive a full refund on your monthly fee.
Business finance and loans
Anna Reviews and Ratings
The only public reviews of Anna available are on Trustpilot. 75% of reviewers rate Anna ‘Excellent’ overall, with many people complimenting the fast, helpful customer service. They also think the app is easy to use and very convenient for modern businesses.
There are no public reviews on Smart Money People or Reviews.co.uk. Anna isn’t included in the Which? list of ‘Best & Worst Banks’.
Anna successfully raised £3 million in equity crowdfunding in October 2019. This investment will reportedly help to fund more detailed tax calculations, an expense processing service, and AI capabilities.
- Low monthly fee and low transaction fees.
- 1% interest interest in business purchases.
- Very good reviews on Trustpilot.
- Still a relatively new app – potentially less stability than a conventional bank.
- Fewer features than other online bank accounts.
- Can be expensive for businesses with a higher monthly turnover.
Website: Anna Business Banking