ANNA vs Monzo Business: Complete Comparison (2026)
An in-depth comparison of ANNA and Monzo Business to help you choose the right tool for your business.
Last updated: November 2026
ANNA
6.2/10
ANNA is a UK business current account app for sole traders and small limited companies, combining payments, invoicing, receipt capture and tax filing.
Monzo Business
6.5/10
Monzo Business is an app-based UK business bank account for sole traders and limited companies. It includes invoicing, Tax Pots, expense cards and accounting software bank feeds.
Feature-by-Feature Comparison
| Feature | | |
|---|---|---|
| Scores | ||
| Overall Rating | 6.2/10 | 6.5/10 |
| Analytics | 4/10 | 4/10 |
| Compliance | 7/10 | 7/10 |
| Cost | 7/10 | 8/10 |
| Customization | 4/10 | 4/10 |
| Ease of Use | 8/10 | 9/10 |
| Integration | 6/10 | 6/10 |
| Scalability | 4/10 | 3/10 |
| Security | 6/10 | 7/10 |
| Support | 7/10 | 6/10 |
| Pricing | ||
| Free plan | Yes | Yes |
| Cheapest paid plan | £13/mo Grow | £9/mo Pro |
| Estimated cost for 10 users | Free Free | £25/mo Team |
| Features | ||
| Multi-currency | ||
| Payroll | ||
| Accountant Access | ||
| Corporate Cards | ||
| Expense Management | ||
| Invoicing | ||
| Online Payments | ||
| Tax Compliance | ||
| Financial Reporting | Not listed | |
| General Ledger | Not listed | |
ANNA vs Monzo Business cost by team size
ANNA costs less up to 10 users; ANNA and Monzo Business cost the same from 25 users.
| Team size | ANNA | Monzo Business |
|---|---|---|
| 1 user | FreeFree | £9/moPro |
| 5 users | FreeFree | £25/moTeam |
| 10 users | FreeFree | £25/moTeam |
| 25 users | FreeFree | FreeLite |
| 50 users | FreeFree | FreeLite |
The plan that fits each team size, billed monthly, before add-ons and usage charges. Each cost opens that tool's pricing calculator for the team size.
Which One Should You Choose?
Why choose ANNA
- Lower estimated cost for 10 users: Free vs £25/mo
- Higher Scalability score (4/10 vs 3/10)
- Higher Support score (7/10 vs 6/10)
- Includes Multi-currency, which Monzo Business lacks
- Includes Payroll, which Monzo Business lacks
Why choose Monzo Business
- Higher Cost score (8/10 vs 7/10)
- Higher Ease of Use score (9/10 vs 8/10)
Pros & Cons
ANNA
Pros
- Combines a business account with invoicing, receipt capture and tax filing in one app
- Free plan, plus free MTD ITSA filing on every plan
- Integrates with Xero, Sage, Stripe and e-commerce platforms such as Shopify and Amazon
- Strong customer feedback, with Trustpilot around 4.5 from over 5,000 reviews and Statrys rating support 9/10
- Unlimited free expense cards on the Free and Big Business plans
Cons
- Only for UK-registered businesses
- Main account is e-money and not FSCS-protected
- Reviewers report sudden account freezes or closures with little explanation
- Only USD, EUR and CHF currency accounts
- No cheque deposits or phone support
- The Free plan charges 0.95% on incoming payments over £1,000 a month
Monzo Business
Pros
- The Lite plan is free and includes Making Tax Digital software
- Pro adds invoicing, Tax Pots and live feeds to Xero, QuickBooks, FreeAgent and Sage for £9 a month
- The Team plan adds expense cards, payment approvals and bulk payments for up to 15 users
- 24/7 in-app support on every plan
- Licensed UK bank with FSCS deposit protection
Cons
- Holds GBP only, and incoming foreign currency is converted at a 1% fee
- No general ledger or financial statements, so you still need separate accounting software
- Partnerships, LLPs, charities and non-UK businesses cannot open an account
- Cash deposits cost £1 each and are capped
- Reviews report frozen accounts and slow resolution, and there is no dedicated account manager
Not sold on either?
Frequently Asked Questions
Monzo Business scores higher on our Finance Software criteria: 6.5/10 against 6.2/10 for ANNA. The largest gap is in Cost: 7/10 for ANNA and 8/10 for Monzo Business.
ANNA costs less for 10 users: free on its Free plan, against about £25/mo on its Team plan for Monzo Business, billed monthly.
Yes, both ANNA and Monzo Business have a free plan.
ANNA has Multi-currency and Payroll, which Monzo Business lacks.
