ANNA Money small business account and tax app

At Mint Formations, we‘ve partnered with ANNA Money, a small business account and tax app provider to help you get a business current account after you register a company in UK, without having to visit a branch or have a credit check. ANNA Money business account is specifically designed for UK resident directors of a limited company, and non-limited businesses (partnership or sole trader), who have difficulty in opening a business account with one of the popular high street banks.

About ANNA money business account

ANNA Money is FCA authorized and serves as an alternative to traditional high street banks – where most businesses have hard time opening bank account. It was created with a motive to help small business owners, sole traders and freelancers with a dedicated business account as soon as they start trading.

All business transactions happens via ANNA app making it easier to send or receive payments when required and with 24/7 access to the account. If you have any other bank accounts such as a personal account, you can link those accounts to ANNA app which makes it possible to manage different business accounts from one place.

Features and benefits of ANNA Money business account

• No branch visits required to create your account
• Most accounts are opened within 10 minutes
• Get business account number and sort code immediately
• Access to debit card (Mastercard)
• Free ATM withdrawals and transactions
• Online transfers
• Free direct debits
• Set up standing orders
• Instant payment notification/reminders on invoices and tax deadline
• Manage all your other bank account from one place
• Manage your entire cash flow through ANNA app
• UK based customer support available 24/7
• No hidden charges

Manage invoices

ANNA app allows you to create and send professional looking invoices to your clients from within the app settings. It facilitates sending out payment reminders to your clients and helps you chase unpaid invoices via email reminders. Tax estimation gets automatically calculated based on the income and expense that happens over a year and reminds you when your deadline is due. ANNA business account holders can also avail accounting, tax estimation and support services that help save time and money.

Manage employee expenses

Managing your employee salary and expense is simple with ANNA Money business account. You can provide your employees with their own debit card, set a spending limit for each employee and track their expenses on the go.

Get cash back offer

Earn 1% cash back when you use your ANNA debit card to pay for a range of business expenses. This may include travel, food expenses or other expenses that comes under business expense.

How do I open a business account?

Opening ANNA business account happens online. Once you signup, the system will require you to download the app. You can login to the app and answer simple questions to verify your identity and get your business account opened in less 10 minutes. You will be required to verify your ID and address to complete the verification process.

For proof of identity

• A photo of your full driving licence or a photo of your valid passport

For proof of address

• A utility bill, council tax bill or bank statement dated within the last 3 months

You can open your ANNA account yourself or we can initiate the process for you. During your company formation process, you can select “ANNA business account” in the banking section. We will pass your request on to them and they will get in touch with you via email or sms as soon as your company is incorporated in Companies House. You can follow their instruction and get started with your mobile business account.

Regulation

Absolutely No Nonsense Admin Ltd. ‘ANNA’ is a trademark of Absolutely No Nonsense Admin Ltd with registered office at Capital Tower, Greyfriars Road, Cardiff, Wales, CF10 3AG. Company Number: 10149389.