ANNA Money

What is ANNA?

ANNA Money is a UK business account and finance app that combines day-to-day business banking with invoicing, bookkeeping, expense tracking, and tax filing tools. It is built for UK residents running a limited company, sole trade, freelance business, or partnership, and sits most naturally in the Business Banks category. The service is not a bank, but its electronic money services are provided through PayrNet Limited, which is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011, and card issuing runs on the Mastercard network through PayrNet Limited.

What stands out is the attempt to keep admin in one place. Instead of offering only a business current account, it adds quotes and invoices, automated overdue reminders, receipt capture, tax calculations, and filings to HMRC for VAT, Corporation Tax, PAYE, and Making Tax Digital Self Assessment. The company says it is trusted by 100,000+ business owners, and its homepage shows a Trustpilot score of 4.5 out of 5 from 5,309 reviews.

For UK small firms, this positions the platform as more than a place to hold money. It works as a business banking app with bookkeeping and payments built in, which may reduce the need to jump between separate accounting and invoicing tools.

Key Features & Services

A lot of business finance apps promise to save admin time, but this one is unusually broad for a UK account. It covers domestic payments, card spending, tax prep, and international transfers in one mobile-first setup, with Expense Tracking and Management features built into the same workflow.

Business account and cards

The account comes with a UK account number and sort code, plus a debit card. The company says accounts can be opened online in under 10 minutes, and a physical expense card can arrive in 3 to 4 days. Virtual expense cards are available on signup, and extra cards can be issued to employees and co-directors with spending limits.

Apple Pay and Google Pay are supported for business spending. For firms that still handle notes and coins, cash can be added through PayPoint at over 28,000 locations across the UK.

Invoicing and payment collection

The invoicing side includes quotes, invoice creation, and automatic chasing of overdue invoices. It also supports payment links and QR code payments, which gives sole traders and small firms a simple way to collect money without building a checkout flow.

One pricing point matters here: on the Pay As You Go plan, there is a 0.95% commission on all payments into the account. That can be a meaningful trade-off for businesses that invoice often but want to avoid a monthly subscription.

Bookkeeping, expenses, and tax filing

This is one of the stronger parts of the offer. The app can match expenses to transactions, categorise spending automatically, and store receipts uploaded by photo, email forwarding, or file upload.

It also supports tax calculation and filing to HMRC for VAT, Corporation Tax, PAYE, and MTD Self Assessment. The paid +Taxes add-on includes auto-bookkeeping, filing, and expert tax support, though it is limited to LTD companies.

International payments and account connectivity

The service includes an IBAN for receiving international payments and supports sending and receiving money worldwide in a wide range of currencies. Currency conversion fees start from 0.5%, according to the homepage.

For businesses with money spread across providers, the app can connect other bank accounts through Open Banking. TrueLayer is named as the connectivity partner, so users can view transactions from multiple accounts in one place.

Savings and money organisation

The platform also offers an Easy Access Savings business account. The introductory rate shown is 3.66% AER for the first 3 months, and eligible deposits up to £120,000 are protected by the FSCS via Griffin.

Alongside that, money pots let users separate funds for tax, salaries, or other recurring costs. Automatic top-ups can be set to move money into those pots, which is a practical feature for cash-flow planning inside a business current account setup.

Pricing & Fees

Pricing starts at £0 per month, and the company says customers only pay for the services they use. It also states that if an account is not used for a month, there is no monthly fee for that month.

Plan	Monthly price	Key inclusions
Pay As You Go	£0	No monthly fee, 0.95% commission on all payments into the account, no commission on transfers from your own accounts
Business	£22.90 + VAT	First month free, 60 free local transfers, up to 5 free expense cards
Big Business	£59.90 + VAT	First month free, unlimited free local transfers, unlimited free expense cards
+Taxes add-on	£29.00 + VAT	Tax calculation and filing, auto-bookkeeping, expert tax support, LTD companies only

There are a few fee details worth separating. Incoming payments on Pay As You Go carry a 0.95% commission, which can make the free plan less attractive for firms with regular customer receipts. International transfers also involve FX charges, with currency conversion from 0.5%.

The two subscription plans are more predictable. Business is aimed at smaller operations that need a fixed monthly cost and some included transfers, while Big Business removes local transfer and card count limits. The tax add-on sits on top rather than replacing the account plan.

Pros and Cons

A single app for banking, invoicing, expenses, and tax is useful, but there are limits. The strengths are clearest for UK microbusinesses and owner-managed companies that want fewer separate tools.

Pros

• Free entry plan: Pay As You Go starts at £0 per month.
• Fast setup: The company says the business account can be opened online in under 10 minutes.
• Broad admin toolkit: Invoicing, bookkeeping, expense capture, and HMRC filing tools are available in one app.
• Support availability: Customer service is 24/7 and Cardiff-based, with an average response time faster than 50 seconds on the homepage.
• Card controls: Virtual cards are available on signup, with extra cards for employees and co-directors.
• International capability: Includes an IBAN and supports sending and receiving payments in a wide range of currencies.
• Cash access: Cash top-ups are available through PayPoint at over 28,000 locations.
• Savings option: The Easy Access Savings account offers 3.66% AER for the first 3 months, with eligible deposits up to £120,000 protected by the FSCS via Griffin.

Cons

• Not a bank: It operates as an e-money service rather than a bank account provider.
• No lending products: There is no credit or loan offering.
• UK-only access: The service is aimed at UK residents.
• Free plan trade-off: Pay As You Go charges 0.95% on payments into the account.
• Tax add-on limit: The +Taxes package is for LTD companies only.
• VAT on paid plans: The Business, Big Business, and +Taxes prices are listed before VAT is added.

Who Is ANNA Best For?

This service suits UK-based small businesses that want a business account and admin tools in the same app. That includes directors of limited companies, freelancers who send regular invoices, sole traders handling their own bookkeeping, and partnerships that want card spending controls without adding separate expense software.

It also fits firms that need a mix of domestic and international business payments. The IBAN, broad currency support, and Open Banking connections matter for companies that receive money from abroad or keep accounts with more than one provider.

The tax features are especially relevant for owner-managed businesses that file directly with HMRC and want one place for receipts, categorisation, and returns. For LTD companies, the +Taxes add-on adds more value because it combines tax calculation, filing, and expert support with the core business banking service.

Cash-heavy businesses may also find it practical because of PayPoint cash-in access across the country. On the other hand, businesses looking for loans, overdrafts, or a full bank relationship won't find that here.