Overview
ANNA Money, at a glance.
ANNA Money is a business account app, e-money account issued by payrnet headquartered in the United Kingdom. Business accounts cost £0 a month. Opening an account takes 3–5 days.
The account is an e-money account issued by PayrNet Limited, authorised by the FCA (reference 900594). It is not a bank account and is not protected by the FSCS; funds are held in safeguarded accounts.
Why businesses pick ANNA Money
- A free plan: you pay only for the services you use
- Invoicing, bookkeeping, VAT and tax filing in the app
- Open to sole traders, partnerships and LLPs as well as limited companies
- Receives US dollars, euros and Swiss francs
- Opens in minutes when documents are ready
- Trustpilot score of 4.5 from more than 5,800 reviews
Watch out for
- Only for UK-resident businesses: owners and everyone with access must live in the UK
- Not a bank: the account is not protected by the FSCS
- On the Free plan, incoming payments above £1,000 a month cost 0.95%
- Currency conversion costs 1%, or 0.5% on the top plan
- Charities, financial services, gambling, crypto and many other activities are not accepted
Business fit
Will ANNA Money accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on ANNA Money's published rules
Likely fit
ANNA Money lists both United Kingdom companies and Startups and SMEs as accepted.
ANNA Money does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What ANNA Money publishes about the businesses it takes on.
Who ANNA Money serves
- Startups and SMEs
- Freelancers
- Professional services
- E-commerce
Not supported
Industries and countries ANNA Money does not accept, from its own published lists.
Industries
- Any illegal or unlawful purpose that breaches national or international law, including without limitation intellectual property, tax, data protection and privacy law
- Sending or receiving fraudulent funds
- Financing terrorism
- Tax evasion
- Tax avoidance
- Money laundering
- Involvement in fraud or criminal activities
- Involvement with politically exposed persons or political parties
- Management of assets (including of third parties), through collective investment schemes
- Retail FX businesses, quasi-cash or cryptocurrency
- Involvement in the manufacture or trading of weapons, firearms, explosives, complex weapons (e.g. guided missiles), poisons or nuclear materials
- Adult Entertainment, including obscene or pornographic material
- The provision of financial services
- Credit repair, debt restructuring, debt recovery, debt settlement, and debt collection
- Gambling
- Gaming
- Dating services
- Psychic services
- Dealing in precious metals and precious stones
- Individuals acting in a consumer capacity and not acting as unincorporated business organisations
- Dealings that result, or are likely to result, in complaints, disputes, reversals, chargebacks, fees, fines, penalties or other liability
- Sending or receiving money for a purpose that is harmful, false, misleading, unlawful, obscene, defamatory, libellous, threatening, pornographic, harassing, hateful, or racially or ethnically offensive
- Linking an account which is used for any Prohibited Activity
- Collecting payments that support pyramid or ponzi schemes, matrix programmes, other get-rich-quick schemes or multi-level marketing programmes
- Providing a service/business without a licence, permit or franchise where the same is required
- Registered and unregistered charities, CIC, companies where donations are the main source of income
- Items that may infringe or violate copyright, trademark, right of publicity or privacy or other proprietary rights
- Payday loans or other lending services, except payroll services or payments for duly authorised loan companies
- Counterfeit items
- Items promoting hate, violence, racial intolerance or financial exploitation of crime
- Items encouraging, promoting, facilitating or instructing illegal activity
- Items promoting, supporting or glorifying violence or harm towards oneself or others
- Drugs or drug paraphernalia, subject to the stated permitted-concentration CBD exception
- Involvement in or facilitation of any Prohibited Activity
- Involvement in any illegal or unlawful activity
- Sale or provision of items that fall within a Prohibited Activity
Countries
- Not published
Coverage
Where can you use ANNA Money?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
4 currencies
Hold and receive · 4 currencies
- EUR
- USD
- GBP
- CHF
Pay out · 3 currencies
- EUR
- USD
- GBP
Payment reach
Not published
Who can apply
Company incorporation countries1 countries · show list
- United Kingdom
Owner nationality
Not publishedOwner residency1 countries · show list
- United Kingdom
Company types
Limited companies, Sole traders, Partnerships, Limited liability partnerships (LLP)
Pricing
What does ANNA Money cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
Not published
Monthly fee
£0–59.9
depends on plan
Free
Lowest cost£0 per month
Setup fee not published
Grow
£12.9 per month
Setup fee not published
Business
£22.9 per month
Setup fee not published
Big Business
£59.9 per month
Setup fee not published
Transaction fees
| Cost | Free | Grow | Business | Big Business | How it is charged |
|---|---|---|---|---|---|
| Incoming | |||||
| Faster Payments (GBP) | 0.95% | Not published | Not published | Not published | Percentage of the amount · On incoming payments above £1,000 a month |
| Outgoing | |||||
| Faster Payments (GBP) | Free | £0.27 | £0.2 | Free | No charge · Unlimited on Free and Big Business; Grow has 15 free payments a month, Business 60 |
| CHAPS (GBP) | Not published | £5 | £5 | Free | |
| SWIFT / international | Not published | £5 | £5 | £5 | |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | 0.5–1% | Percentage of the amount; varies by plan · 1% on Free, Grow and Business; 0.5% on Big Business |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Apply
Start the application online or through the sales team.
- 2
Company and people
Give the company's registration details, directors and owners.
- 3
Checks
Upload the documents requested and complete identity verification.
- 4
Account live
Once approved, the account is opened and you receive its details.
Documents you need
Not published
FAQ
Your questions, answered.
Is ANNA a bank?
No. ANNA is a business account and admin app; the e-money account and card are issued by PayrNet Limited, authorised by the FCA (reference 900594). Funds are safeguarded but not covered by the FSCS.
How much does ANNA cost?
The Free plan has no monthly fee and charges for what you use. Grow costs £12.90 a month, Business £22.90 and Big Business £59.90, all plus VAT. Currency conversion costs 1%, or 0.5% on Big Business.
Who can open an ANNA account?
UK limited companies, sole traders, partnerships and LLPs. The applicant must be a UK resident, and everyone with access to the account must be at least 18 and live in the UK.
Which businesses does ANNA not accept?
Its list includes financial services, gambling and gaming, crypto and retail forex, weapons, adult entertainment, dating, precious metals, charities and community interest companies, and payday lending.
Alternatives
How ANNA Money compares.
If ANNA Money is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 ANNA MoneyThis pageBusiness account app, e-money account issued by PayrNet | Not published | Free planTax tools |
 TideE-money institution |  | Free planNon-residents accepted |
| Starling BankBank | | Free accountDeposit protection |
 Zempler BankBank | | Free planDeposit protection |
 CountingupBusiness account | | BookkeepingDeposit protection |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.