You get a Debit Mastercard from ANNA, which is better than the prepaid cards usually offered by other e-money accounts, but you can’t deposit cash into the account.
A clear strength of ANNA is how smoothly it manages admin tasks. For instance, just ask the chatbot to create and send an invoice to a client and it will ask about the information required for the invoice. Past the due date, ANNA can send polite invoice reminders to clients who haven’t paid yet. You can take pictures of expense receipts to save in the app, and even send physical receipts to ANNA for them to sort out. Monitor your sole trader taxes through the app as well.
ANNA does not provide an IBAN so international transfers are not possible directly, only through the third-party Payoneer platform. You can only use the business account in the mobile app – there is no web access.
An ANNA business account isn’t generally that feature-rich, but the personal approach to helping gives it a rare sense of warmth not seen in other business accounts.
Choose ANNA Money if: Your clients are primarily based in the UK and all you need are invoicing and basic bookkeeping features in a friendly app.
Learn more in our ANNA Money review