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Anna VS PayPal Debit: Business Banking Review & Fee Comparison


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

Is Anna or PayPal Debit better for your small business?



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Below we look at both Anna and PayPal Debit 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


PayPal Debit Homepage
PayPal Debit Homepage
 

Anna vs PayPal Debit Trustpilot Reviews

AnnaPayPal Debit
Trustpilot Review Score (out of 5)4.61.4
Percent 5-Star Reviews85%20%
Percent 1- Star Reviews8%73%
Total Number of Reviews2,6775,277
Sources:
https://www.trustpilot.com/review/anna.money
https://www.trustpilot.com/review/www.paypal.co.uk

Anna vs PayPal Debit App Reviews

AnnaPayPal Debit
iPhone Review Score (out of 5)4.54.1
Number of iPhone Reviews8461,600
Android Review Score (out of 5)3.93.3
Number of Android Reviews1,30091,500
Sources:
https://apps.apple.com/gb/app/anna-business-account-tax/id1333008275
https://apps.apple.com/gb/app/paypal-business/id1053148887

Anna vs PayPal Debit Account Fees & Charges

AnnaPayPal Debit
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)FreeFree
CHAPS Payments CostNoNo
SEPA Payments CostNoNo

Anna vs PayPal Debit Business Savings Rates

AnnaPayPal Debit
Types of Business Savings AccountsNoneNone
Lowest Savings Rate (AER)NANA
Maximum Savings Rate (AER)NANA
Minimum Savings AmountNANA
Interest Paid On Foreign CurrenciesYesYes
 

Anna vs PayPal Debit Account Opening Times

AnnaPayPal Debit
Can You Apply Online?YesYes
How Long Does Opening An
Account Typically Take?
3 minutesFew minutes
Do They Check Your Credit?NoNo
Current Account Switch ServiceNoYes

Anna vs PayPal Debit Features & Account Types

Anna Account Types
Anna Features & Account Types


PayPal Debit Account Types
PayPal Debit Features & Account Types


AnnaPayPal Debit
Business Current AccountYesYes
Business Savings AccountYesNo
Business Credit CardYesNo
Business OverdraftNoNo
Accounts For StartupsYesYes
Accounts For CharitiesNoNo
Accounts For Sole TradersYesNo
Joint Business Accounts AvailableNoYes
Card TypeMastercardMastercard
Online BankingYesYes
Mobile BankingYesYes
In Person/Branch BankingNoNo
Branch LocationsNone, online onlyNone, online only

Anna vs PayPal Debit Customer Support Options

AnnaPayPal Debit
Phone Support AvailableYesNo
Email Support AvailableYesYes
App Based Support YesYes
Web Based SupportYesYes
In person Customer SupportNoNo

Anna vs PayPal Debit Foreign Currency Accounts

AnnaPayPal Debit
US Dollar (USD) Bank AccountsYesYes
Euro (EUR) Bank AccountsYesYes
Other Currencies Available:
  • GBP (British Pound)
  • EUR (Euro)
  • USD (United States Dollar)
  • AUD – Australian dollar
  • BRL – Brazilian real
  • CAD – Canadian dollar
  • CHF – Swiss franc
  • CNY – Chinese yuan
  • EUR – Euro
  • GBP – British pound sterling
  • HKD – Hong Kong dollar
  • INR – Indian rupee
  • JPY – Japanese yen
  • KRW – South Korean won
  • MXN – Mexican peso
  • NZD – New Zealand dollar
  • PHP – Philippine peso
  • PLN – Polish zloty
  • RUB – Russian ruble
  • SGD – Singapore dollar
  • USD – United States dollar
  • ZAR – South African rand

Other Business Services From Anna and PayPal Debit

Anna Account Types
Other Anna Services


PayPal Debit Account Types
Other PayPal Debit Services


AnnaPayPal Debit
Business LoansYesNo
Commercial MortgagesNoNo
Invoice FinancingNoNo
International PaymentsYesYes
Merchant Payment ServicesNoYes
Card MachinesNoYes
Free Accounting SoftwareNoYes

Anna vs PayPal Debit Banking Basics

AnnaPayPal Debit
Bank TypeChallengerChallenger
FSCS ProtectionNoNo
FCA Number789333742277
WebsiteAnna WebsitePayPal Debit Website

Common Comparison Questions

Does Anna or PayPal Debit 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, PayPal Debit scores 1.4 out of 5 based 5,277 Trustpilot reviews. Of which 20% are 5-star and 73% are 1-star.

Does Anna or PayPal Debit 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, PayPal Debit’s iPhone App is rated 4.1 out of 5 based on 1,600 reviews. And it’s Android App is rated 3.3 out of 5 based on 91,500 reviews.

Does Anna or PayPal Debit 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, PayPal Debit offers None accounts with interest rates ranging from NA to NA (AER).

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


For other business bank accounts see our guide here.

 



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We do not provide merchant services nor can we recommend which solution is right for you and your business.
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