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Anna VS Allica Bank: Business Banking Review & Fee Comparison


By: Ian Wright | Last Updated: May 22, 2025

Is Anna or Allica Bank better for your small business?



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Below we look at both Anna and Allica Bank reviews on Trustpilot along with their App reviews from Apple and Google.

We then look at typical fees, business savings rates, foreign currency options and a whole bunch of other account features to help you make up your mind.

Anna Homepage
Anna Homepage


Allica Bank Homepage
Allica Bank Homepage
 

Anna vs Allica Bank Trustpilot Reviews

AnnaAllica Bank
Trustpilot Review Score (out of 5)4.64.5
Percent 5-Star Reviews85%76%
Percent 1- Star Reviews8%6%
Total Number of Reviews2,677815
Sources:
https://www.trustpilot.com/review/anna.money
https://www.trustpilot.com/review/www.allica.bank

Anna vs Allica Bank App Reviews

AnnaAllica Bank
iPhone Review Score (out of 5)4.54.8
Number of iPhone Reviews846503
Android Review Score (out of 5)3.94.4
Number of Android Reviews1,300107
Sources:
https://apps.apple.com/gb/app/anna-business-account-tax/id1333008275
https://apps.apple.com/gb/app/allica-bank/id1489138340

Anna vs Allica Bank Account Fees & Charges

AnnaAllica Bank
Free Business Bank AccountYesNo
Free Business Account Term Length1 MonthNA
Cheapest Monthly Account Fee£14.90No
Most Expensive Monthly Account Fee£49.90No
Electronic Payment Cost (in/out)20pFree
Cash Payments Cost (in/out)£1Free
Cheques (in/out)FreeUnknown
CHAPS Payments CostNo£20
SEPA Payments CostNoNo

Anna vs Allica Bank Business Savings Rates

AnnaAllica Bank
Types of Business Savings AccountsNoneEasy Access, Notice Account
Lowest Savings Rate (AER)NA3.65%
Maximum Savings Rate (AER)NA5.10%
Minimum Savings AmountNA£20,000
Interest Paid On Foreign CurrenciesYesNo
 

Anna vs Allica Bank Account Opening Times

AnnaAllica Bank
Can You Apply Online?YesYes
How Long Does Opening An
Account Typically Take?
3 minutes3 to 5 Working days
Do They Check Your Credit?NoYes
Current Account Switch ServiceNoYes

Anna vs Allica Bank Features & Account Types

Anna Account Types
Anna Features & Account Types


Allica Bank Account Types
Allica Bank Features & Account Types


AnnaAllica Bank
Business Current AccountYesYes
Business Savings AccountYesYes
Business Credit CardYesNo
Business OverdraftNoYes
Accounts For StartupsYesNo
Accounts For CharitiesNoNo
Accounts For Sole TradersYesYes
Joint Business Accounts AvailableNoNo
Card TypeMastercardVisa
Online BankingYesYes
Mobile BankingYesYes
In Person/Branch BankingNoYes
Branch LocationsNone, online onlyMilton Keynes, London and Manchester

Anna vs Allica Bank Customer Support Options

AnnaAllica Bank
Phone Support AvailableYesYes
Email Support AvailableYesYes
App Based Support YesYes
Web Based SupportYesYes
In person Customer SupportNoYes

Anna vs Allica Bank Foreign Currency Accounts

AnnaAllica Bank
US Dollar (USD) Bank AccountsYesNo
Euro (EUR) Bank AccountsYesNo
Other Currencies Available:
  • GBP (British Pound)
  • EUR (Euro)
  • USD (United States Dollar)
No

Other Business Services From Anna and Allica Bank

Anna Account Types
Other Anna Services


Allica Bank Account Types
Other Allica Bank Services


AnnaAllica Bank
Business LoansYesYes
Commercial MortgagesNoYes
Invoice FinancingNoYes
International PaymentsYesYes
Merchant Payment ServicesNoNo
Card MachinesNoNo
Free Accounting SoftwareNoNo

Anna vs Allica Bank Banking Basics

AnnaAllica Bank
Bank TypeChallengerChallenger
FSCS ProtectionNoYes, up to £85,000
FCA Number789333821851
WebsiteAnna WebsiteAllica Bank Website

Common Comparison Questions

Does Anna or Allica Bank have better customer reviews?

Anna scores 4.6 out of 5 based 2,677 Trustpilot reviews. Of these reviews 85% are 5-star and 8% are 1-star.

Whereas, Allica Bank scores 4.5 out of 5 based 815 Trustpilot reviews. Of which 76% are 5-star and 6% are 1-star.

Does Anna or Allica Bank have a better App?

Anna’s iPhone App is rated 4.5 out of 5 based on 846 reviews. And it’s Android App is rated 3.9 out of 5 based on 1,300 reviews.

In comparison, Allica Bank’s iPhone App is rated 4.8 out of 5 based on 503 reviews. And it’s Android App is rated 4.4 out of 5 based on 107 reviews.

Does Anna or Allica Bank have better business savings rates?

Anna offers the following types of business savings accounts: None with interest rates ranging from NA to NA. (AER)

In contrast, Allica Bank offers Easy Access, Notice Account accounts with interest rates ranging from 3.65% to 5.10% (AER).

See Other Comparisons:
Anna vs Cater Allen
Anna vs AIB (Allied Irish Bank)
Anna vs Unity Trust
Anna vs United Trust Bank
Anna vs HSBC Kinetic


For other business bank accounts see our guide here.

 



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