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ANNA Money Review

ANNA Money is a UK business current account provider aimed at sole traders, freelancers, and small businesses. Founded in 2017 and headquartered in London, ANNA combines a business bank account with smart invoicing, automated bookkeeping, and tax pots that set aside VAT and corporation tax automatically. The product is designed to remove administrative burden from small business owners and replace multiple separate tools.

Written by the Lendus editorial team. Last updated: April 2026.

200+ UK lenders
2-minute application
No credit check to apply
FCA-regulated brokers

Amount

£0 – £0

Rates

N/A – N/A

No lending product

Speed

Account open within minutes

Trustpilot

4.6/5

3,200 reviews

What is ANNA Money?

ANNA Money (ANNA Money Ltd) is a UK-based business finance provider founded in 2017 and headquartered in London. ANNA Money is a UK business current account provider aimed at sole traders, freelancers, and small businesses. Founded in 2017 and headquartered in London, ANNA combines a business bank account with smart invoicing, automated bookkeeping, and tax pots that set aside VAT and corporation tax automatically. The product is designed to remove administrative burden from small business owners and replace multiple separate tools. They have lent N/A to date, helping 100,000+ UK businesses.

Founded 2017 London ANNA Money Ltd is an Appointed Representative of Prepay Technologies Ltd, which is authorised and regulated by the Financial Conduct Authority under reference 900010 (e-money institution).

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Products offered

Business Bank Account

Rates and costs

Rate range
N/A – N/A (No lending product)
Representative APR
N/A — banking product only
Amount range
£0 – £0
Approval speed
Account open within minutes

Representative example

Borrow £0 over N/A. Total repayable: £0. Cost of credit: £0. Your rate depends on your circumstances.

Eligibility requirements

Minimum trading history
None required
Minimum turnover
None
Credit requirements
No credit check required for the basic account. Identity verification required.

How to apply

1

Check eligibility through Lendus — answer a few questions about your business and funding needs (2 minutes)

2

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3

Review your matched options — see rates, terms, and eligibility from multiple providers including ANNA Money

4

Choose the best offer and complete the application with your matched lender directly

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Pros and cons

Pros

  • No credit check required — available to any UK business
  • Smart invoicing with automatic payment reminders built in
  • Tax pots automatically ring-fence VAT and corporation tax
  • Free plan available — paid plans start from £14.90/month

Cons

  • No lending or overdraft facility — banking only
  • Limited integrations compared to Tide or Starling
  • Newer brand than legacy banks — some customers prefer established institutions
  • Business savings accounts not available

Is ANNA Money right for you?

Best for

Sole traders and micro businesses that want smart invoicing, automated tax saving, and a business account without the complexity of legacy banking

Not ideal for

Businesses needing a lending facility, overdraft, or large cash deposits; limited for complex multi-user team accounts

ANNA Money alternatives

If ANNA Money isn't the right fit, consider these alternatives:

Mettle Tide Revolut Business

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Frequently asked questions about ANNA Money

Is ANNA Money legit?
Yes, ANNA Money is a legitimate UK business banking provider. The company is registered at Companies House (number 10826561) and operates as an Appointed Representative of Prepay Technologies Ltd, which is FCA-authorised under reference 900010. Founded in 2017, ANNA has served over 100,000 UK businesses and holds an 'Excellent' rating on Trustpilot with over 3,000 reviews.
What are ANNA Money's fees?
ANNA Money offers a free plan with limited transactions and a paid Business plan from £14.90 per month (billed annually). The Business plan includes unlimited UK bank transfers, smart invoicing, and tax pot features. Additional fees may apply for cash deposits, international transfers, and premium add-ons. The free tier is sufficient for very low-volume businesses.
Can I get an ANNA Money account with bad credit?
Yes — ANNA Money does not run a credit check to open a business current account. You simply need to pass identity verification. This makes ANNA accessible to business owners with poor credit histories, CCJs, or insolvency on their record. The account does not offer any lending, overdraft, or credit facilities.
Does ANNA Money offer business loans?
No, ANNA Money is a business bank account provider and does not offer business loans, overdrafts, or any credit facilities at this time. If you need a business loan alongside a smart bank account, you would need to look at separate lenders such as iwoca or Fleximize, or consider Starling Bank which has a partnered lending panel.
Is ANNA Money FCA regulated?
ANNA Money Ltd operates as an Appointed Representative of Prepay Technologies Ltd, which is authorised and regulated by the Financial Conduct Authority as an e-money institution (FCA reference 900010). This means funds held in ANNA accounts are covered by the safeguarding rules for e-money institutions, though not protected by the FSCS deposit guarantee scheme.
How long does it take to open an ANNA Money account?
ANNA Money accounts can be opened in minutes through the mobile app. After downloading the app and completing identity verification, most accounts are approved instantly. A physical debit card is then dispatched and typically arrives within 3–5 working days, though a virtual card is available for immediate use in the app.
Can I use ANNA Money for VAT returns?
Yes — ANNA Money includes built-in VAT management features. The tax pot function can automatically set aside a percentage of incoming payments to cover your VAT bill. ANNA also integrates with MTD (Making Tax Digital) for direct VAT submission to HMRC, making it a useful all-in-one tool for VAT-registered sole traders and small limited companies.
ANNA Money vs Mettle — which is better?
Both ANNA Money and Mettle offer free business bank accounts for UK SMEs, but with different strengths. ANNA Money stands out with its smart invoicing, payment reminders, and tax pot automation — making it the better choice for sole traders and freelancers focused on admin efficiency. Mettle (backed by NatWest) offers FreeAgent accounting software integration and may appeal to businesses that already bank with NatWest or RBS. If invoicing and tax management are priorities, ANNA is the stronger pick.

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