ANNA Money is an app-based business account for small companies and sole traders. With ANNA, you get a debit card and tools to manage your business expenses and VAT.
Sign up can take as little as 3 minutes, and you’ll get your account details instantly. Then you can accept payments immediately via a unique payment link, and connect your bank accounts to stay on top of your finances.
This provides a free way to handle your Making Tax Digital (MTD) obligations, with MTD-compliant tools and support for MTD for Income Tax Self Assessment. It is available alongside a free business bank account on the Pay As You Go plan.
Find out more about Making Tax Digital (MTD) for Income Tax.
In this guide, we look into ANNA’s features in more detail, including some pros and cons. (If you were wondering, ANNA stands for Absolutely No Nonsense Admin.
What are ANNA Money’s key features?
- Flexible pricing plans to suit your business, including a free Pay As You Go plan
- Create and send professional-looking invoices. ANNA even tracks when your invoices are paid
- Receipt scanning and automatic categorisation, to help you manage your business expenses
- Automatic tax reminders and estimations as you earn
- Real-time, read-only accountant access to your ANNA Money transactions and statements
- FreeAgent and Xero integration so you can easily import your transactions and keep your records up to date
- 24/7 award-winning customer service
- MTD-compliant VAT filing tools (submit from Excel/Google Sheets, automatic calculations in app; first filing free)
- Preparation and support for MTD for Self Assessment / Income Tax (first year often free)
Choose from 3 business account plans
ANNA offers three pricing plans: Pay-as-you-go, Business, and Big Business. Plans start at £0 per month, and you only pay for the services you use. If you don’t use your account for one month, you won’t be charged a monthly fee for the next month.
- Pay as you go: Free. There is no monthly fee, but you pay 0.95% commission on incoming payments (except from your own accounts). You get unlimited outgoing payments, free ATM withdrawals, unlimited expense cards, a free debit card, and it’s ideal as a free business account with access to MTD tools.
- Business: £22.90 + VAT per month (often £0 for first month). This includes additional features you won’t get on the Pay-as-you-go plan, such as 60 free local transfers, up to 5 expense cards, limited free SWIFT/CHAPS, and more.
- Big Business: £59.90 + VAT per month (often £0 for first month). This includes everything on the Business plan, plus unlimited free local transfers, unlimited expense cards, free ATM withdrawals, unlimited CHAPS, and more.
(Plus optional +Taxes add-on for advanced filing/calculations, including unlimited XLS VAT filing, direct HMRC submissions for VAT/Corporation Tax/Self Assessment, auto-bookkeeping – £29.00 + VAT per month, with free 30-day trial and sometimes promotional rates like £3/month for first 3 months.)
Pros and Cons of Anna Money
Pros:
- Easy to set up and use: This is a digital-only account, so you can open one in a few minutes (unlike a traditional bank). The app is intuitive and straightforward, so it’s easy to track your transactions and manage your finances
- Low fees: There’s no monthly fee for the free Pay as you go plan, and you only pay a small fee for transactions, ATM withdrawals, etc
- Award-winning customer support: You get 24/7 support on the app, and they score highly on TrustPilot (4.5 stars)
- Useful features: The app offers plenty of handy tools for small businesses, including creating and sending invoices, expense tracking and accounting software integrations — plus free/low-cost MTD VAT submission and tax tools
Cons:
- Not a bank: ANNA Money is an e-money account, not a bank account. This means that your money is not protected by the Financial Services Compensation Scheme (FSCS)
- Limited features: ANNA doesn’t offer everything that you might find with a traditional bank account. For example, you cannot pay by cheque or take an overdraft. These days, many businesses don’t even need these features
- Not available in all countries: ANNA is only available if your business is based in the UK. Again, not a real drawback for most small businesses
How do you sign up?
- Click the link and enter your email address
- Download the ANNA app to your mobile device
- Answer a few basic questions about your business
- Complete the application process (takes less than 10 minutes)
Our verdict
Overall, we think that ANNA Money is a very good option for small businesses looking for a low-cost, easy-to-use business account with some innovative features, especially for free quarterly MTD submissions and a free business bank account.
Reviewed and updated for 2026.
If ANNA doesn’t fit your needs, there are some excellent alternatives, such as Tide (£50 cashback) and Zempler Business Go, depending on how you trade and what features matter most.