Is Monzo or Anna better for your small business?
Below we look at both Monzo and Anna 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.
Monzo vs Anna Trustpilot Reviews
| Monzo | Anna | |
| Trustpilot Review Score (out of 5) | 3.9 | 4.6 |
| Percent 5-Star Reviews | 77% | 85% |
| Percent 1- Star Reviews | 14% | 8% |
| Total Number of Reviews | 30,333 | 2,677 |
https://www.trustpilot.com/review/www.monzo.com
https://www.trustpilot.com/review/anna.money
Monzo vs Anna App Reviews
| Monzo | Anna | |
| iPhone Review Score (out of 5) | 4.9 | 4.5 |
| Number of iPhone Reviews | 189,000 | 846 |
| Android Review Score (out of 5) | 4.7 | 3.9 |
| Number of Android Reviews | 125,000 | 1,300 |
https://apps.apple.com/gb/app/monzo-bank-mobile-banking/id1052238659
https://apps.apple.com/gb/app/anna-business-account-tax/id1333008275
Monzo vs Anna Account Fees & Charges
| Monzo | Anna | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | No Limit | 1 Month |
| Cheapest Monthly Account Fee | No | £14.90 |
| Most Expensive Monthly Account Fee | £5 | £49.90 |
| Electronic Payment Cost (in/out) | Free | 20p |
| Cash Payments Cost (in/out) | £1 | £1 |
| Cheques (in/out) | Unknown | Free |
| CHAPS Payments Cost | £20 | No |
| SEPA Payments Cost | No | No |
Monzo vs Anna Business Savings Rates
| Monzo | Anna | |
| Types of Business Savings Accounts | Instant Access Savings Pot | None |
| Lowest Savings Rate (AER) | 1.60% | NA |
| Maximum Savings Rate (AER) | 1.60% | NA |
| Minimum Savings Amount | No | NA |
| Interest Paid On Foreign Currencies | Yes | Yes |
Monzo vs Anna Account Opening Times
| Monzo | Anna | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 1 to 8 Working days | 3 minutes |
| Do They Check Your Credit? | Yes | No |
| Current Account Switch Service | Yes | No |
Monzo vs Anna Features & Account Types
| Monzo | Anna | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | Yes |
| Business Overdraft | Yes | No |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | No | No |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | No |
| Card Type | Mastercard | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | No | No |
| Branch Locations | None, online only | None, online only |
Monzo vs Anna Customer Support Options
| Monzo | Anna | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | Yes |
| Web Based Support | Yes | Yes |
| In person Customer Support | No | No |
Monzo vs Anna Foreign Currency Accounts
| Monzo | Anna | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
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Other Business Services From Monzo and Anna
| Monzo | Anna | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | No |
| Card Machines | Yes | No |
| Free Accounting Software | Yes | No |
Monzo vs Anna Banking Basics
| Monzo | Anna | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | Yes, up to £85,000 | No |
| FCA Number | 730427 | 789333 |
| Website | Monzo Website | Anna Website |
Common Comparison Questions
Does Monzo or Anna have better customer reviews?
Monzo scores 3.9 out of 5 based 30,333 Trustpilot reviews. Of these reviews 77% are 5-star and 14% are 1-star.
Whereas, Anna scores 4.6 out of 5 based 2,677 Trustpilot reviews. Of which 85% are 5-star and 8% are 1-star.
Does Monzo or Anna have a better App?
Monzo’s iPhone App is rated 4.9 out of 5 based on 189,000 reviews. And it’s Android App is rated 4.7 out of 5 based on 125,000 reviews.
In comparison, 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.
Does Monzo or Anna have better business savings rates?
Monzo offers the following types of business savings accounts: Instant Access Savings Pot with interest rates ranging from 1.60% to 1.60%. (AER)
In contrast, Anna offers None accounts with interest rates ranging from NA to NA (AER).
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For other business bank accounts see our guide here.