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ANNA Money and Revolut Business are both digital‑first financial platforms aimed at UK small businesses, but they do have some key differences. While ANNA focuses on simplicity, automation, and admin support, Revolut positions itself as a broader financial service, combining banking, expenses, and international payments at scale.
This guide compares Revolut Business and ANNA Money across features, fees, regulation, and which account SMEs should go for.
ANNA vs Revolut: At a Glance Comparison
ANNA | Revolut | |
Account model | E-Money Institution (EMI) | Fully licensed bank |
Core focus | Automation & admin for SMEs | All‑in‑one finance |
Typical users | Freelancers, sole traders, micro‑businesses | Startups, SMEs, growing teams |
Monthly fees | Paid plans only | Free and paid plans |
Multi‑currency | Limited | Yes |
Expense management | Basic | Advanced |
FSCS protection | No | Yes, up to £120,000 |
Business Bank Account Offers and Fees
What ANNA is Designed For
ANNA is built around reducing admin for small business owners. Rather than offering traditional banking features, it focuses on automating everyday tasks like invoicing, receipt capture, and expense categorisation.
Its proposition is particularly appealing to freelancers and sole traders who want to spend less time on paperwork.
Key Characteristics of ANNA
Business account with built‑in admin tools
Automatic expense categorisation
Receipt capture and storage
Invoicing is included in all plans
Paid monthly plans only
Available to sole traders and limited companies
Trade‑Offs to Consider
No free account tier
Limited international and FX functionality
No overdrafts or lending
Not a fully licensed bank
FSCS protection does not apply
ANNA is often chosen by very small businesses that value automation over traditional banking features.
What Revolut is Designed For
Revolut is designed to support growing and internationally active businesses. It combines multi‑currency accounts, cards, expense controls, and integrations into one platform.
Its tiered plans allow companies to unlock more features as they scale.
Key Characteristics of Revolut
Multi‑currency business accounts
Free and paid subscription plans
Physical and virtual business cards
Advanced expense management and approvals
Integrations with accounting and payroll tools
Available to sole traders and limited companies
Trade‑Offs to Consider
Monthly fees on most plans
FX allowances are capped on lower tiers
Pricing becomes more complex at scale
Revolut appeals to businesses that want structure, controls, and global reach.
How They Charge
ANNA Pricing
Monthly subscription required
Tiered plans based on features and usage
Invoicing and admin tools included
No pay‑as‑you‑go free tier
ANNA’s pricing suits businesses that want predictable monthly costs and built‑in admin support.
Revolut Pricing
Free plan available with basic features
Paid plans unlock higher FX limits and tools
Monthly subscription pricing by tier
Charges apply for FX beyond allowances
Revolut’s model suits businesses that want a bundled financial platform.
Feature Comparison: ANNA vs Revolut
Everyday Banking
Payments and transfers: Both support UK payments
Cards: Both offer business debit cards
Account access: Mobile apps with desktop dashboards
Invoicing and Admin
ANNA: Invoicing and admin automation included
Revolut: Invoicing available, but not the main focus
Expense Management
ANNA: Basic expense categorisation
Revolut: Advanced expense tracking, limits, and approvals
International Use
ANNA: Limited international functionality
Revolut: Strong multi‑currency and international payment tools
Accounting Integrations
ANNA: Integrates with accounting software
Revolut: Wide range of integrations, plus API access on higher plans
Regulation and Protection
ANNA and Revolut operate under different regulatory frameworks, which affect how customer funds are protected.
ANNA operates as an E-Money Institution (EMI)
Customer funds are safeguarded, not FSCS‑protected
Money is held separately from ANNA’s own funds
Revolut Business is provided by Revolut Bank UK Ltd, a fully licensed UK bank
The FSCS protects eligible deposits up to £120,000
Funds benefit from full UK banking regulation
Some features may still operate under e‑money safeguarding, depending on account setup
For businesses where FSCS protection is important, Revolut offers stronger regulatory reassurance than ANNA.
Who Should Consider ANNA?
ANNA may be a good fit if your company:
Is a freelancer or sole trader
Wants automated admin and invoicing
Values simplicity over banking depth
Doesn’t need international payments
Is happy with a paid‑only account
Who Should Consider Revolut?
Revolut may suit SMEs that:
Are growing or operating internationally
Need multi‑currency accounts and FX tools
Want expense controls for teams
Prefer scalable subscription plans
Value FSCS protection
Alternatives to ANNA and Revolut
You might want to research other business bank accounts if your company:
Wants a free, fully featured UK bank account
Needs an overdraft or business loan
Prefers add‑ons over subscriptions
If any of the above apply, it’s probably worth comparing other business bank account options.
