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TSB VS Anna: Business Banking Review & Fee Comparison


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

Is TSB or Anna better for your small business?



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Below we look at both TSB 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.

TSB Homepage
TSB Homepage


Anna Homepage
Anna Homepage
 

TSB vs Anna Trustpilot Reviews

TSBAnna
Trustpilot Review Score (out of 5)4.24.6
Percent 5-Star Reviews56%85%
Percent 1- Star Reviews27%8%
Total Number of Reviews21,9422,677
Sources:
https://www.trustpilot.com/review/tsb.co.uk
https://www.trustpilot.com/review/anna.money

TSB vs Anna App Reviews

TSBAnna
iPhone Review Score (out of 5)4.84.5
Number of iPhone Reviews457,400846
Android Review Score (out of 5)4.43.9
Number of Android Reviews197,0001,300
Sources:
https://apps.apple.com/gb/app/tsb-mobile-banking/id1160720878
https://apps.apple.com/gb/app/anna-business-account-tax/id1333008275

TSB vs Anna Account Fees & Charges

TSBAnna
Free Business Bank AccountYesYes
Free Business Account Term Length30 Months1 Month
Cheapest Monthly Account Fee£5£14.90
Most Expensive Monthly Account Fee£40£49.90
Electronic Payment Cost (in/out)Free20p
Cash Payments Cost (in/out)70p per £100£1
Cheques (in/out)70pFree
CHAPS Payments Cost£30No
SEPA Payments Cost£2No

TSB vs Anna Business Savings Rates

TSBAnna
Types of Business Savings AccountsInstant Access, Fixed BondsNone
Lowest Savings Rate (AER)1.35%NA
Maximum Savings Rate (AER)4.30%NA
Minimum Savings Amount£1NA
Interest Paid On Foreign CurrenciesYesYes
 

TSB vs Anna Account Opening Times

TSBAnna
Can You Apply Online?YesYes
How Long Does Opening An
Account Typically Take?
10 Working days3 minutes
Do They Check Your Credit?YesNo
Current Account Switch ServiceYesNo

TSB vs Anna Features & Account Types

TSB Account Types
TSB Features & Account Types


Anna Account Types
Anna Features & Account Types


TSBAnna
Business Current AccountYesYes
Business Savings AccountYesYes
Business Credit CardYesYes
Business OverdraftYesNo
Accounts For StartupsYesYes
Accounts For CharitiesNoNo
Accounts For Sole TradersYesYes
Joint Business Accounts AvailableYesNo
Card TypeMastercardMastercard
Online BankingYesYes
Mobile BankingYesYes
In Person/Branch BankingYesNo
Branch LocationsUK-wideNone, online only

TSB vs Anna Customer Support Options

TSBAnna
Phone Support AvailableYesYes
Email Support AvailableYesYes
App Based Support YesYes
Web Based SupportYesYes
In person Customer SupportYesNo

TSB vs Anna Foreign Currency Accounts

TSBAnna
US Dollar (USD) Bank AccountsYesYes
Euro (EUR) Bank AccountsYesYes
Other Currencies Available:
  • Euros
  • US Dollars
  • Canadian Dollars
  • Australian Dollars
  • New Zealand Dollars
  • Swiss Francs
  • Japanese Yen
  • Chinese Yuan
  • Singapore Dollars
  • Hong Kong Dollars
  • Danish Kroner
  • Norwegian Kroner
  • Swedish Kroner
  • Czech Koruna
  • Hungarian Forint
  • Polish Zloty
  • Romanian Leu
  • Bulgarian Lev
  • Croatian Kuna
  • Turkish Lira
  • Israeli Shekel
  • South African Rand
  • Mexican Peso
  • Argentinian Peso
  • Brazilian Real
  • GBP (British Pound)
  • EUR (Euro)
  • USD (United States Dollar)

Other Business Services From TSB and Anna

TSB Account Types
Other TSB Services


Anna Account Types
Other Anna Services


TSBAnna
Business LoansYesYes
Commercial MortgagesYesNo
Invoice FinancingYesNo
International PaymentsYesYes
Merchant Payment ServicesYesNo
Card MachinesYesNo
Free Accounting SoftwareNoNo

TSB vs Anna Banking Basics

TSBAnna
Bank TypeHigh StreetChallenger
FSCS ProtectionYes, up to £85,000No
FCA Number191240789333
WebsiteTSB WebsiteAnna Website

Common Comparison Questions

Does TSB or Anna have better customer reviews?

TSB scores 4.2 out of 5 based 21,942 Trustpilot reviews. Of these reviews 56% are 5-star and 27% 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 TSB or Anna have a better App?

TSB’s iPhone App is rated 4.8 out of 5 based on 457,400 reviews. And it’s Android App is rated 4.4 out of 5 based on 197,000 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 TSB or Anna have better business savings rates?

TSB offers the following types of business savings accounts: Instant Access, Fixed Bonds with interest rates ranging from 1.35% to 4.30%. (AER)

In contrast, Anna offers None accounts with interest rates ranging from NA to NA (AER).

See Other Comparisons:
TSB vs Hampshire Trust Bank
TSB vs Mettle
TSB vs Monese
TSB vs Saffron Building Society
TSB vs OakNorth


For other business bank accounts see our guide here.

 



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