ANNA Money Review
Comprehensive review and analysis of ANNA Money's digital banking services
Quick Facts
- Founded
- 2018
- Head Office
- United Kingdom
- Active Customers
- 50,000+
- Total Funding
- £30 million
- Employees
- 150+
- App Store Rating
- 4.6/5
Pros & Cons
Pros
- Integrated invoicing
- Automated bookkeeping
- 24/7 customer support
- Receipt scanning
- Tax calculations
- Business debit card
Cons
- Business-only accounts
- Limited international features
- Higher monthly fees
- No credit facilities
Supported Countries
- United Kingdom
Fees
- Monthly Fee From £5/month
- Card Issuance Free
- ATM Withdrawals Free up to £100/month
- Foreign Transactions 2.5% fee
- Bank Transfers Free
Overview
ANNA Money has revolutionized business banking for UK freelancers and small businesses since 2018. Combining banking services with automated bookkeeping and tax tools, it offers a comprehensive solution for business finances.
Key Features
Banking Services
- Business current account
- Business debit card
- Mobile payments
- Direct debits
- Standing orders
- International payments
Accounting Tools
- Automated bookkeeping
- Invoice creation
- Receipt scanning
- Expense tracking
- Tax calculations
- VAT returns
Business Features
- Multi-user access
- Payment reminders
- Cash flow insights
- Business reporting
- Integration with accounting software
- Supplier management
Mobile Features
- iOS and Android apps
- Real-time notifications
- Document scanning
- Payment approvals
- Expense management
- Team permissions
Security Features
- Two-factor authentication
- Biometric login
- Transaction monitoring
- Fraud detection
- Payment limits
- Device management
Customer Support
- 24/7 chat support
- Phone assistance
- Email support
- Help center
- Video tutorials
- Business advisors
Verdict
ANNA Money excels in providing integrated business banking and accounting solutions. Their automated bookkeeping features and user-friendly interface make them particularly attractive for freelancers and small businesses looking to simplify their financial management.
While the monthly fees are higher than some competitors, the comprehensive feature set and time-saving automation tools provide good value for money. The main limitations are the lack of credit facilities and limited international features, but for UK-based small businesses seeking an all-in-one banking and accounting solution, ANNA Money offers an excellent package.