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Anna vs State Bank of India UK: Business Savings & Current Account Comparison


Last Updated: 20 May 2025
Reviewed By: Ian Wright (Managing Director)

Anna and State Bank of India UK both offer a range of business banking options. But which is better?

Below we compare Anna vs State Bank of India UK on 61 different metrics including business savings account rates, current account fees, Trustpilot reviews and many, many more so you can decide for yourself.

Anna vs State Bank of India UK Business Savings Accounts Comparison

AnnaState Bank of India UK
Types of Savings AccountsNAInstant Access, Limited Access, 35 Day Notice, Fixed Term Deposit Accounts
Lowest Savings RateNA0.00%
Maximum Savings RateNA4.25%
Minimum Investment AmountNA£10,000
WebsiteAnna WebsiteState Bank of India UK Website
* Please note data was taken from each bank’s website and may have since changed

Revolut Business Savings
Revolut Business Savings
  • Earn 2.25%-3.51% AER.
  • Interest paid daily on both work and non-work days
  • Add or withdraw money with zero restrictions 24/7
Find Out More
Tide Business Savings
Tide Business Savings
  • Earn 3.55% AER (variable)
  • Instant access to your money when needed
  • No limits or fees on withdrawals

 

Find Out More
Aldemore Business Savings
Aldemore Business Savings
  • Earn 3.66% – 4.51% AER.
  • Offers a choice of easy access or fixed-term accounts.
  • Average independent review score of 4.7 out of 5.
Find Out More

Anna vs State Bank of India UK Free Business Bank Accounts

Below we look at the free business bank account options Anna and State Bank of India UK each offer.


Anna

State Bank of India UK
Free Business Bank Account?NoNo
Free Business Account Term LengthNANA

Revolut Free Business Account
Revolut Free Business Account
  • Free version available forever
  • Hold and exchange 25+ currencies
  • IBANs for Global Transfers
  • Ability to invest through your account
  • Mobile business account, accessible online and on desktop 24/7
Find Out More
Cashplus Go Free Business Bank Account
Cashplus Go Free Business Bank Account
  • No Monthly Fee
  • 24/7 Online banking & Bank app
  • Friendly UK phone support
  • Xero, Quickbooks & Sage accounting software integration
  • FSCS Protected up to £85k
Find Out More
Tide Free Business Bank Account
Tide Free Business Bank Account
  • Basic account is free forever
  • Up to £150,000 of credit, straight through the app
  • Business Mastercard, with free purchases at home and abroad
  • Trusted by 500,000+ UK businesses
  • FSCS protected up to £85,000 via Clearbank
Find Out More

Anna vs State Bank of India UK Fees & Pricing


Anna

State Bank of India UK
Cheapest Monthly Account Fee£14.90£80
Most Expensive Monthly Account Fee£14.90£120
Electronic Payments (in/out)£5free
Cash Payments (in/out)£1.00free /£1.50
Cheques (in/out)free£10/£15
Debit Card PaymentsYes Yes
CHAPS PaymentsUnknown£25
SEPA Paymentsfree £25
* All data taken from each company’s website but may have changed since publication

Anna vs State Bank of India UK Account Types

Below we look at the different types of business bank accounts and other types of business finance solutions Anna and State Bank of India UK offer.

AnnaState Bank of India UK
Current Account Switch ServiceNoYes
Type of Card (Mastercard vs VISA)Mastercard Mastercard
Business Current AccountYesYes
Business Savings AccountYesYes
Business Credit CardYesYes
Business OverdraftNoYes
Business LoansYesYes
Commercial MortgagesNo Yes
Online BankingNo Yes
Mobile BankingNoYes
In person/Branch BankingYesYes
Invoice FinancingNo Yes
International PaymentsNoYes
Merchant ServicesNoNo
Free Accouting SoftwareNoYes

Anna vs State Bank of India UK Foreign Currency Accounts

In this section we look at what types of foreign currency accounts each bank offers.

AnnaState Bank of India UK
US Dollar (USD) Bank AccountYesYes
Euro (EUR) Bank AccountYesYes
Other Currencies AvailableGBP (British Pound) ,EUR (Euro), USD (United States DollarIndian Rupee (INR),Australian Dollar (AUD),Singapore Dollar (SGD),Hong Kong Dollar (HKD),Swiss Franc (CHF),Canadian Dollar (CAD),New Zealand Dollar (NZD),Malaysian Ringgit (MYR),

Anna vs State Bank of India UK User Reviews

AnnaState Bank of India UK
Trustpilot Score (out of 5)4.62
Number of Trustpilot Reviews 2437276
iPhone App Score4.54.7
Number iPhone of Reviews734787
Android App Score4.44.7
Number of Android App Reviews121069
* Please note data was gathered from the relevant websites but have changed since publication

Anna vs State Bank of India UK Banking Service Quality

Data for this section comes from the BVA BDRC Business banking service quality report.

AnnaState Bank of India UK
Overall Service Quality RankingNot RatedNot Rated
Overall Service Quality ScoreNot RatedNot Rated
Online And Mobile Banking Services RankingNot RatedNot Rated
Online And Mobile Banking Services ScoreNot RatedNot Rated
SME overdraft and loan services RankingNot RatedNot Rated
SME overdraft and loan services ScoreNot RatedNot Rated
Relationship/account management RankingNot RatedNot Rated
Relationship/account management ScoreNot RatedNot Rated
Service in branches and business centres RankingNot RatedNot Rated
Service in branches and business centres ScoreNot RatedNot Rated

Anna vs State Bank of India UK Overview

Here is some other key data about each bank.

AnnaState Bank of India UK
FSCS ProtectionNoYes, up to £85,000
Market Share1.00%No Data
Bank TypeChallengerForeign Bank
Total AssetsUnknown£0.0092 billion GBP
Swift/BIC CodeANNAUS33SBIKGB2L
FCA Number901096757156
Company Number10149389FC004469
Business Customer Phone Number44 300 123 91230800 532 532

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