The ANNA business account is a UK digital business account for sole traders, limited companies and LLPs. It combines everyday payment features with invoicing, expense tracking, receipt capture and tax administration tools. ANNA offers several pricing plans, including a £0 monthly-fee option. However, its main account is an e-money account rather than a traditional bank account, so funds are safeguarded but are not protected by the FSCS.
What Is an ANNA Business Account?
ANNA, short for Absolutely No Nonsense Admin, provides business accounts alongside financial administration tools. Its business account is aimed at people who want to manage payments and routine financial admin from one service.
ANNA Money is a trading name of Absolutely No Nonsense Admin Ltd. Its business account is provided through PayrNet Limited, an Electronic Money Institution authorised by the Financial Conduct Authority (FCA).
That distinction means ANNA should not simply be treated as another conventional UK bank account. Funds held in the main account are safeguarded in accordance with the Electronic Money Regulations 2011, rather than receiving FSCS deposit protection.
The account nevertheless provides many features businesses expect from an everyday business payment account, including sending and receiving payments, cards and Direct Debits. ANNA adds administrative features such as invoice creation, receipt capture, transaction categorisation and accounting integrations.
ANNA Business Account Features
The main attraction of ANNA is the combination of an account and administrative tools in the same platform. Instead of using a business account solely to receive customer payments and pay expenses, businesses can use ANNA to organise some of the paperwork associated with those transactions.
Business payments and debit cards
ANNA customers receive account details for receiving payments and can make outgoing transfers. Card allowances vary according to the pricing plan, from one card on the Free plan to unlimited cards on Big Business.
The account also supports Direct Debits and scheduled payments. Businesses with employees can use bulk payments for payroll, while businesses needing additional cards can provide expense cards to team members, subject to their plan’s allowances and fees.
Invoicing
ANNA includes invoice creation and payment-chasing functionality. This can be particularly useful for freelancers, contractors and small service businesses that receive payments directly from clients.
Payment links provide another way to collect money. Customers can approve an Open Banking payment through their banking app, while card payments can be accepted where Stripe has been enabled.
Receipt and expense management
Users can photograph, upload or forward receipts. ANNA can then match receipts to transactions and categorise expenses, reducing the amount of manual record keeping required when preparing accounts or tax information.
Businesses can also give an accountant access and integrate the account with accounting software such as Xero.
Tax and accounting tools
ANNA positions tax administration as one of its major differences from a basic business payment account. Its Auto Accountant service can categorise transactions and assist with accounting and tax-related administration.
Current plans also advertise free Making Tax Digital for Income Tax Self Assessment (MTD ITSA) filing. Auto Accountant has separate pricing after applicable introductory periods, so businesses should distinguish between features included with their account plan and additional paid services.
How Much Does an ANNA Business Account Cost?
ANNA currently offers four main pricing levels. Prices and allowances can change, so businesses should confirm the latest figures before opening an account.
| Plan | Monthly price | Transfers | Included cards | Typical use |
| Free | £0 | Unlimited outgoing; first £1,000/month incoming free, then 0.95% | 1 | New or low-transaction businesses |
| Grow | £12.90 + VAT | 15/month, then 27p each | 2 | Businesses with regular income |
| Business | £22.90 + VAT | 60/month, then 20p each | 5 | Businesses with greater transaction needs |
| Big Business | £59.90 + VAT | Unlimited | Unlimited | Higher-volume businesses |
These are ANNA’s published prices as of September 2026. ANNA states that it does not charge the monthly account fee for a calendar month when there is no transactional activity or use of other ANNA services.
The headline monthly fee should not be the only cost considered. Depending on the plan and how the account is used, charges can apply to ATM withdrawals, international transfers, CHAPS payments, extra cards, payment links and other services.
For example, Grow currently includes 15 local transfers per month and then charges 27p per additional transfer. Business includes 60 before charging 20p each. Big Business includes unlimited local transfers.
That makes transaction volume an important part of comparing plans. A £0 account is not automatically the lowest-cost choice for every company if its particular pattern of incoming payments or use of additional services generates substantial usage charges.
Who Can Open an ANNA Business Account?
ANNA states that its business account is available for limited companies, limited liability partnerships (LLPs) and sole traders.
Applicants need to provide information that allows ANNA to verify both their identity and the business. According to ANNA’s application guidance, this can include proof of identity and address, the business’s legal name and type, details about company directors where applicable, and information about the business’s website or social media presence.
ANNA’s signup page specifically tells applicants to have a driving licence or passport available for identity verification.
Eligibility should not be confused with guaranteed approval. Financial service providers carry out identity, business and compliance checks, and ANNA notes that document checks can sometimes require additional time or information.
How to Open an ANNA Business Account
The application is primarily digital. ANNA says applicants can start with an email address or install its mobile app, enter information about themselves and their business, and then complete identity and business verification.
A typical application involves:
- Sign up using your email or download the ANNA app.
- Provide your personal and business details.
- Verify your identity using an accepted identification document.
- Supply additional business or director information when requested.
- Wait while ANNA checks the application.
- Once approved, start receiving and making business payments and order your card.
ANNA advertises an application time of less than 10 minutes. That describes completing the application rather than guaranteeing that every account will be approved within 10 minutes. ANNA says document checks usually take a few minutes but may occasionally require more time.
Is ANNA a Bank?
No. ANNA explicitly states that it is not a bank.
The business account operates using electronic money arrangements. PayrNet Limited is authorised by the FCA as an Electronic Money Institution, and ANNA acts as its distributor.
This difference matters because the protection for money in the main ANNA account differs from the protection that applies to eligible deposits at a UK bank.
Is money in an ANNA account FSCS protected?
Money in the main ANNA account is not covered by FSCS deposit protection. Instead, ANNA states that these funds are safeguarded under the Electronic Money Regulations 2011.
The distinction is easy to miss because ANNA separately offers a business savings account provided by Griffin Bank Ltd. Eligible deposits in that savings product can receive FSCS protection, subject to the applicable scheme conditions and overall protection limit.
| Product | Provider/arrangement | Protection stated by ANNA |
| Main ANNA business account | E-money account issued through PayrNet | Safeguarded, not FSCS protected |
| ANNA Easy Access Savings | Provided by Griffin Bank | Eligible deposits receive FSCS protection, subject to scheme rules and limits |
For businesses holding substantial cash balances, this difference deserves particular attention when deciding how much working capital to leave in each type of account.
ANNA Business Savings Account
ANNA customers can also access an Easy Access Savings account provided by Griffin Bank, subject to eligibility.
ANNA currently advertises a promotional 3.66% AER variable rate for the first three months after opening an ANNA account. After that introductory period, the published rate depends on the customer’s plan. At the time of writing, ANNA lists rates of 3.04% AER for Big Business, 1.51% for Business, 1.51% for Grow and 1.00% for Free customers. These are variable rates and can change.
Interest accrues daily and is paid monthly, according to ANNA. Because savings rates are particularly time-sensitive, businesses should check the current rate rather than choosing an account based solely on an introductory offer quoted in an older review.
ANNA’s Pots Can Help Separate Business Money
One practical problem for small businesses is that money sitting in a current account can appear available even when part of it is effectively reserved for VAT, tax, salaries or upcoming bills.
ANNA’s Pots feature allows money to be separated for different purposes. Businesses can move funds manually or arrange automatic top-ups.
Consider a hypothetical business receiving £8,000 from customers in a month. Instead of leaving the entire £8,000 in one spendable balance, the owner could separate amounts earmarked for tax and recurring costs into dedicated pots. This does not change the company’s actual tax liability, but it can make the cash available for everyday spending easier to distinguish from money reserved for future obligations.
When Does an ANNA Business Account Make Sense?
ANNA’s feature set is particularly relevant to businesses that want to combine everyday payment management with administrative automation. A freelancer who regularly creates invoices and records expenses, for example, may get more practical value from its receipt and invoicing functions than a business primarily looking for a place to hold large cash balances.
Transaction patterns also matter. A new sole trader with relatively little activity might find the Free plan sufficient, while a company making frequent transfers or issuing cards to several employees may need to compare the paid plans.
Businesses should therefore evaluate an ANNA account based on actual usage rather than monthly subscription price alone. Estimate the number of incoming and outgoing transfers, cash withdrawals, international payments and additional cards you expect to use each month, then calculate the likely total cost under each plan.
Important Limitations to Consider
The most significant consideration is that the main ANNA business account is not a conventional bank deposit account and does not have FSCS protection. Its funds use the safeguarding framework applicable to e-money accounts.
Businesses should also consider the following before applying:
- Some plans charge for transactions once included allowances have been exceeded.
- International payments can involve SWIFT charges and currency conversion fees.
- ATM fees differ between plans.
- Some accounting services have separate fees after promotional periods.
- ANNA does not currently offer joint business accounts, although eligible businesses can provide team access.
ANNA’s terms also state that businesses exceeding certain balance, volume, risk or other thresholds may become subject to bespoke pricing. Businesses expecting unusually high transaction volumes should therefore confirm applicable limits and charges directly with ANNA.
What to Check Before Choosing ANNA
Start with how the business actually handles money. A useful comparison should include the expected monthly account fee, number of transfers, value of incoming payments, ATM usage, international transactions, number of employee cards and whether accounting automation is genuinely needed.
Protection arrangements deserve equal attention. A business mainly looking for payment and administrative functionality may evaluate an e-money account differently from a company whose priority is holding a substantial operating cash balance.
Finally, compare the cost after introductory offers end. Savings promotions and free trials can make the initial months cheaper, but ongoing pricing provides a better basis for assessing long-term costs.
Conclusion
The ANNA business account combines everyday business payment functions with invoicing, receipt management, expense categorisation and tax-related tools. Its pricing starts at £0 per month and scales through Grow, Business and Big Business plans according to the level of service and transaction allowances required.
The key comparison point is not simply ANNA’s monthly fee. Businesses should calculate likely transaction charges, determine which administrative tools they will actually use, and understand the difference between safeguarding on the main e-money account and FSCS protection on eligible savings held through Griffin. Checking those factors against alternative business accounts will give a more meaningful picture of the overall cost and suitability.
Pricing, savings rates, limits and eligibility can change, so verify the latest terms before applying.
FAQ’s
ANNA has a Free plan with no monthly subscription charge, but that does not mean every service is free. For example, ANNA currently charges 0.95% on incoming payments above the first £1,000 per month under its Free plan. Other services may also carry usage fees.
ANNA provides a business account with payment functionality, but ANNA is not a bank. The main account is an e-money account issued through an FCA-authorised Electronic Money Institution.
Yes. ANNA says its business account is available to sole traders as well as eligible limited companies and LLPs.
ANNA says the online application can be completed in less than 10 minutes. Verification usually takes a few minutes according to its guidance, but additional checks can mean an application takes longer.
The main ANNA e-money account is safeguarded but is not FSCS protected. ANNA’s separate Easy Access Savings account is provided by Griffin Bank, and eligible savings deposits receive FSCS protection subject to applicable limits and scheme rules.
ANNA supports team access, but it does not currently offer joint business accounts. ANNA states that the person who opens the account remains the primary account holder with complete legal control of the account under its terms.
