ANNA Business Bank Accounts

ANNA Business Bank Accounts logo
  • ANNA business current accounts are provided by Absolutely No Nonsense Admin Ltd.
  • You can compare product features, costs and current deals in the table below.
See deal Browse ANNA Business Bank Accounts FAQs

Compare ANNA Business Bank Accounts

  • ANNA Money logo

    ANNA Money - Pay as you go

    • Monthly Fee
      Free
    • Card Purchases
      20p
    • Bank Transfers
      20p
    • Overdraft
    • Access
      App only
  • ANNA Money logo

    ANNA Money - Business

    • Monthly Fee
      £14.90
    • Card Purchases
      Free
    • Bank Transfers
      Free
    • Overdraft
    • Access
      App only
  • ANNA Money logo

    ANNA Money - Big Business

    • Monthly Fee
      £49.90
    • Card Purchases
      Free
    • Bank Transfers
      Free
    • Overdraft
    • Access
      App only

Compare products from other providers

  • HSBC logo

    HSBC Kinetic Business Current Account

    • Monthly Fee
      £6.50*
    • Card Purchases
      Free
    • Bank Transfers
      Free
    • Overdraft
    • Access
      App & Online
  • Virgin Money logo

    Virgin Money Business Current Account

    • Monthly Fee
      £6.50
    • Card Purchases
      Free
    • Bank Transfers
      Free
    • Overdraft
    • Access
      Branch, app & online
  • Virgin Money logo

    Virgin Money M Account for Business

    • Monthly Fee
      Free
    • Card Purchases
      Free
    • Bank Transfers
      Free
    • Overdraft
    • Access
      App/Online
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Last updated on 09 November 2020.

ANNA Money Business Current Account FAQ

Who is ANNA Money?

Anna is a provider of online-only business current accounts. It is part of the wider Absolutely No Nonsense Admin Ltd operation and intends to provide an alternative to traditional high street business bank accounts for those willing to manage their finances online and through an app.

What features does the ANNA business current account offer?

The ANNA business account offers the following features and services:

  • Access to a debit card
  • Transfers
  • ATM withdrawals
  • Paying in
  • Direct debits

As well as these standard current account services, ANNA account holders also have access to accounting and tax support, such as reminders and tax estimations based on your income and outgoings over the tax year. Invoice generation and issuing services are also available to ANNA business current account holders.

How much does it cost to open an ANNA business current account?

NThis all depends on what type of business you are running. Sole traders pay a flat monthly rate but are not charged during months when they do not use the account at all. Those who run limited companies are charged a different flat rate depending on their monthly turnover. The higher the turnover, the higher the monthly fee.

When you activate your debit card, you will automatically be assigned to a ‘Tier B’ ANNA account. There are other tiers that carry different transaction and card balance limits, for example. You can request to change to a different tier if you wish. Tiers run from A to E, with A being suitable for a very small business and E more suitable for a medium sized business with a turnover of up to £3m.

Can I get credit through an ANNA business current account?

No. Anna does not offer credit in the form of credit cards, loans or overdrafts. Therefore, ANNA business accounts can be easier to open than traditional bank accounts for those with less-than perfect credit scores.

Is my money protected with an ANNA business account?

ANNA is regulated by the FCA (Financial Conduct Authority), but as it is not a bank it is not protected by the FSCS (Financial Services Compensation Scheme) protection. Click on the ‘see deals’ link in the comparison link to find out more about their account security.

Is ANNA a bank?

ANNA is not a bank. While an ANNA business account comes with a debit card, account number and sort code, ANNA does not offer loans or credit. The ANNA business Mastercard is issued by Wirecard Card Solutions (WDCS), who are authorised by the Financial Conduct Authority to conduct electronic money service activities under the Electronic Money Regulations 2011.

How do I apply for an ANNA business current account?

How do I apply for an ANNA business current account? Applying takes place online and can be completed within 10 minutes. The system requires you to sign up, then download an app. Through the app, you will need to answer some simple questions about your business before you can open an account.

Can I run my ANNA current account alongside other business accounts?

Yes, you are able to link your other accounts, including your personal account, to the ANNA app and view all your finances in one place.

How long does it take for my debit card to arrive?

After you have opened your ANNA business current account, you should expect to receive your debit card within five days. The debit card is provided by Mastercard.

Services offered by this provider may change over time. Always check Ts&Cs.