While Anna Money is a financial tool used by many small businesses, some users have reported issues with account access, prompting them to explore other options. This guide will examine what Anna Money is, discuss the reasons you might consider an alternative, and present other platforms to consider based on your specific needs.
What is Anna Money?
ANNA Money is a UK-based financial service provider offering business accounts tailored for small enterprises, freelancers, and creative professionals. The platform streamlines financial tasks with features like rapid account setup, integrated invoicing, receipt scanning, and 24/7 customer support.
The company operates on a usage-based pricing model, starting at £0 per month, so users only pay for what they use. While it boasts a high Trustpilot rating for its user-friendly app and support, some customers have reported issues with account freezes.
What to Consider When Selecting a Anna Money Alternative?
When searching for a replacement for Anna Money, it's helpful to evaluate platforms based on a few key characteristics:
- Pricing Structure:Evaluate whether a pay-as-you-go model, a flat monthly fee, or a completely free account best suits your business's transaction volume and budget.
- Core Business Features:Consider which specific tools are most important for your operations, such as integrated invoicing, payroll management, or multi-currency support.
- Customer Support Quality:Look into the provider's reputation for responsive and helpful support, as this can be vital when you need immediate assistance.
- Global Transaction Capabilities:If you work with international clients or teams, assess the platform's fees and features for foreign exchange and cross-border payments.
- Account Reliability:Investigate user reviews regarding account stability and access to funds to ensure your chosen platform is dependable for daily business.
If any of these points resonate with your business needs, explore our detailed breakdown of top alternatives in the next section.
10 Best Alternatives to Anna Money
1. OneSafe
OneSafe is a finance platform built to streamline banking for modern businesses, particularly those operating in the Web3 and crypto spaces. We offer a comprehensive suite of tools for fund management, rapid payments, and access to both traditional and digital assets.
Our platform facilitates direct 1:1 conversions from USD to USDC on Polygon, simplifying payroll and expense management for global teams. Businesses also gain from our end-to-end expense and payroll solutions, frictionless transfers, and highly responsive customer support tailored for the digital asset space.
Pricing
Here's a look at our straightforward pricing structure:
- Free Account Essentials: Get started with no fees for account opening, maintenance, or card issuance. We also have no monthly subscription or minimum balance requirements.
- 0.1% US Domestic ACH & Wires: Move money within the US for a simple 0.1% fee per transaction. For urgent Fedwire transfers, it's a flat $25.
- Competitive Global Payments: We charge 0.2% for SEPA (EUR) payments and 0.2% plus a $50 SWIFT fee for other international wires.
- Transparent Crypto Fees: Fiat-to-crypto conversions are included with market rates, while USDT transactions are just 0.1%.
- 3% Corporate Card FX: For any spending on your corporate card in a currency other than USD, a 3% foreign exchange fee applies.
Reviews
Users consistently praise our platform for its exceptional customer support and its ability to solve complex financial challenges for modern businesses. Many highlight how we simplify operations, particularly for companies in the Web3 space.
- Amit Chu, Investments @ Celo Foundation: “OneSafe has the best customer support I've ever experienced from a bank.”
- Marco, CEO of Ensuro: “OneSafe is a game-changer. They solve so many headaches for our company. Finally a banking solution that gets it.”
Want to learn more? Check us out here.
2. Novo
Novo is a financial technology company offering FDIC-insured business deposit accounts through a partnership with Middlesex Federal Savings. The platform provides a mobile-first banking experience tailored for small business owners, freelancers, and entrepreneurs.
Its business checking account has no monthly fees or minimum balance requirements and includes a built-in tool for creating and sending invoices. The service also integrates with business tools like Stripe and Xero and gives account holders access to discounts on various business services.
Pricing
Novo provides a business checking account with no monthly fees, minimum balance requirements, or transaction fees. The account also includes refunds on ATM fees up to $7 per month and has no charge for incoming wires.
Reviews
User feedback frequently points to challenges with customer support, such as slow response times, alongside the inconveniences of an online-only model like the lack of cash deposit options. Check out more Novo reviews here.
3. Moss
Moss is a technology-enabled expense and financial management solution designed to streamline company spending. The platform provides tools for handling corporate expenses, processing invoices, and managing employee reimbursements.
It offers corporate credit cards with customizable spending limits and automates invoice workflows for payments in over 70 currencies. Additionally, Moss integrates with various accounting systems and digitizes employee expense claims for direct payouts from the platform.
Pricing
Moss does not publicly disclose its pricing information. To obtain a quote tailored to specific business requirements, companies are required to contact Moss directly.
Reviews
User feedback often centers on the platform's interface and expense management tools, with some reviews noting limitations in feature customization and slow response times from customer support. Check out more Moss reviews here.
4. VIALET
VIALET is a Lithuanian Electronic Money Institution established in 2017 that offers digital banking services tailored for small and medium-sized enterprises. The platform focuses on serving global SMEs that are considered to have low to medium risk profiles.
The service provides dedicated International Bank Account Numbers (IBANs) for SEPA, SEPA Instant, and SWIFT transactions, alongside corporate card processing. It also facilitates various payment types, mass payouts, and accepts funds from cryptocurrency processors.
Pricing
VIALET does not make its pricing information public on its website. To receive pricing details, businesses must submit an application, after which they are provided with an initial price list that may be adjusted based on their specific needs.
Reviews
User reviews frequently mention difficulties with customer service and account opening, citing unprofessional behavior, excessive information requests, and slow response times. Check out more VIALET reviews here.
5. Fiducial Banque
Fiducial Banque is an online banking institution founded in 2014 as a subsidiary of the Fiducial Group, catering to professionals, SMEs, merchants, and associations. It leverages the group's 50 years of experience to offer a range of banking services tailored to entrepreneurial needs.
Clients are assigned a dedicated advisor from account opening and can manage their finances through a fully digital, 24/7 online system. The bank also provides financing solutions, such as business loans and leasing options, to support company growth.
Pricing
Here's their pricing at a glance:
- €12/month (excl. tax) PRO Base: This package includes a professional current account, a dedicated banking advisor, 24/7 online banking access, a Visa Business debit card, unlimited SEPA direct debits and transfers, and check deposit services.
- €25/month (excl. tax) PRO Plus: This tier encompasses all PRO Base services, plus the ability to accept card payments, a choice of Visa cards with different debit options, and checkbooks.
- €45/month (excl. tax) PRO Excellence: This option includes all PRO Plus features, with the addition of unlimited account movement commissions, one free cash deposit per month, and a Visa Premier debit card with deferred debit.
Reviews
User reviews frequently mention challenges with customer service responsiveness, delays in receiving assistance, and technical problems with the mobile application. Check out more Fiducial Banque reviews here.
6. Wise
Wise, formerly TransferWise, is a UK-based financial technology company that specializes in international money transfers. It processes cross-border payments using the mid-market exchange rate without additional markups.
The platform provides a multi-currency account that allows users to hold and manage funds in over 40 currencies, complemented by a debit card for worldwide spending. These services are available for both individual users and business clients.
Pricing
Here's their pricing at a glance:
- From 0.57% Sending Money Fee: Fees for sending money vary by currency, starting from 0.57%.
- Variable Receiving Money Fee: Receiving domestic payments is free for certain currencies, while international wire transfers incur fixed fees depending on the currency.
- $9 One-Time Fee Multi-Currency Card: A one-time fee is charged for the card, with additional fees for ATM withdrawals exceeding $100 per month.
- $31 One-Time Fee Business Account Setup: Businesses are charged a one-time setup fee for receiving account details in 23 currencies.
- No Fee Account Holding: Holding money in the account is free, as there are no subscriptions or monthly fees.
Reviews
User feedback indicates some customers have experienced issues such as account freezes and difficulties with customer support. Check out more Wise reviews here.
7. Vivid Business
Vivid Business is a financial platform that provides services for personal, business, and freelance accounts. The company offers users German IBANs, virtual and physical cards, and access to investment opportunities.
The service allows for the creation of up to 30 accounts, each with a dedicated German IBAN. It also provides cashback on spending and offers interest on account balances.
Pricing
Here's their pricing at a glance:
- €0/month Free Start: Includes 12 accounts, 1 team member, and an interest rate of 4% p.a. for the first 4 months, which then becomes 0.1% p.a.
- €7/month Basic: Includes 15 accounts, 15 team members, and an interest rate of 4% p.a. for the first 4 months, which then becomes 0.5% p.a.
- €19/month Pro: Includes 20 accounts, 30 team members, and an interest rate of 4% p.a. for the first 4 months, which then becomes 1.3% p.a.
Reviews
User reviews for the platform are mixed, with some customers reporting issues such as accounts being frozen or funds being held without clear explanation. Check out more Vivid Business reviews here.
8. Countingup
Countingup is a UK-based company founded in 2017 that offers a business current account with integrated accounting software. This combination is designed to help small businesses manage their finances within a single application.
The platform provides tools for instant invoicing, automatic expense categorization, receipt capture, and real-time tax estimates. These features are intended to automate financial administration, allowing business owners to concentrate on their primary operations.
Pricing
Here's their pricing at a glance:
- £3 per month: For total monthly deposits up to £750.
- £9 per month: For total monthly deposits between £750 and £7,500.
- £18 per month: For total monthly deposits exceeding £7,500.
- Transaction Fees: Charges apply for various activities, including 30p for transfers, £1 for ATM withdrawals, and 3% for foreign transactions.
- Three-Month Free Trial: A trial period is available to test the service before committing to a subscription.
Reviews
User feedback indicates some customers have experienced issues such as account suspensions and delays in fund transfers. Other reported concerns include limited customer support options, with some users noting the absence of phone support and slow response times. Check out more Countingup reviews here.
9. Ampere
Ampere is a UK-based financial services provider that offers an all-in-one business current account designed for startups and small to medium-sized enterprises. The platform aims to provide a centralized financial solution for its target business clients.
Its service includes multi-currency accounts with a 0.35% currency exchange rate and the ability to create invoices from the bank account. Ampere also provides business loans, commercial mortgages, and merchant accounts with acquiring fees starting from 0.65%.
Pricing
Here's their pricing at a glance:
- £35 Business Account Setup: Includes the first month's maintenance fee (£20) and card issuance (£15). The account has a recurring £20 monthly fee.
- £25 Private Account Setup: Covers the first month's maintenance fee (£10) and card issuance (£15). The account has a recurring £10 monthly fee.
- Transfer Fees: Local transfers in GBP (Faster Payments) and EUR (SEPA) are free. International transfers via SWIFT incur a £25 fee.
- Transaction & Card Fees: Currency exchange for GBP and EUR is 0.35% of the exchange amount. ATM withdrawals are subject to a 2% fee plus £1.50 per transaction.
- Merchant Account Fees: Setup is free for low and medium-risk merchants. Acquiring fees start from IC++0.35% for low-risk and IC++0.95% for medium-risk transactions.
Reviews
User feedback often touches on the app's interface, transaction speeds, and multi-currency management. Some reviews suggest a need for more advanced business features and additional currencies, while others mention issues with customer service responsiveness and payment delays. Check out more Ampere reviews here.
10. Propulse by CA
Propulse by CA is an online banking and management platform designed for entrepreneurs, freelancers, and small businesses. It provides a suite of tools intended to handle financial and administrative tasks.
The platform offers a business account with a French IBAN, automated invoicing tools, and expense management capabilities. Additionally, users can file URSSAF contributions directly through the application and access insurance included with their payment card.
Pricing
Here's their pricing at a glance:
- €8 per month Starter Plan: The monthly fee for the base subscription.
- €17 per month Start+ Plan: The monthly fee for the upgraded subscription.
Reviews
Some users report challenges in reaching customer service, leading to delays in account creation and issue resolution. Other feedback points to difficulties in contacting the company for support. Check out more Propulse by CA reviews here.
Which One Should You Go With?
Choosing the right financial partner is a significant step for any business, and each of the platforms listed offers unique strengths. If you're looking for a modern solution built to handle both traditional and digital finance with exceptional support, we believe OneSafe is an excellent alternative. Ready to see how we can simplify your financial operations? Sign up for OneSafe today.
