Business account for Limited Companies in the UK
The business account that does your taxes
If you're running a limited company, you're responsible for Corporation Tax, payroll, and record keeping. ANNA makes it easier to stay on top of all that – automatically – and keep your business money apart from your personal transactions.
Snap it. Sort it. Save it.
Snap your receipts for easy expenses and ANNA sorts them automatically, saving you the hassle.
Set up standing orders and Direct Debits.
Create and send invoices.
ANNA creates and sends professional-looking invoices for you – and even chases them when they’re overdue
Seamlessly connect to accounting software.
Designed for modern limited companies
A card for your business
If you’ve got your ID to hand, you can get your UK business account and sort code in as little as 10 minutes, with your physical card arriving in the post after a few days
Virtual business expense cards
Don’t wait for your ANNA card to arrive in the post – you get a virtual card as soon as you sign up, and can start making payments straight away
Manage multiple cards
Skip the faff of reimbursing employee expenses. Give employees their own ANNA card, set a spending limit and ANNA automatically sorts their expenses
Use Apple Pay
Use ANNA Money with Apple Pay. It’s the simple, secure, and private way to pay. There’s no need to even carry your card – your iPhone or Apple Watch is enough
Business account cashback
Ker-ching! Get free money for your business: earn cashback when you use your ANNA card to pay for a range of business expenses from train travel to furniture
Use Google Pay
Use ANNA Money with Google Pay™. It’s the fast, simple, and secure way to pay at millions of places – on sites, in apps, and in stores. With Google Pay there’s no need to dig for your cards – you can pay quickly and easily with the device that’s already in your hand.
Business expense cards for your team
Easily issue virtual or physical cards to employees and track their spending in real time.
Cards for reimbursements
Issue cards for reimbursements and day-today expenses that your team members can use.
Set spending limits
Set individual spending limits and purchase categories the cards can be used for, and monitor transactions in the ANNA app
Snap and upload
No need to chase paper receipts – your team can take pictures of receipts and upload to the ANNA app themselves.
Get paid easily
Nothing grows a business like getting paid. ANNA gives you better ways to take payment, whether it's online or in person
Payment link and webpage
With ANNA you get your own unique payment webpage for getting paid online. Put the link on your business social account or ping it directly to customers
ANNA + Dojo card machine
Get paid in a tap! Get a Point-of-sale terminal from ANNA and our partner Dojo, so you can take card payments wherever you are
Payment link QR code
Generate a unique QR code for a payment, with the amount and your account details automatically included. All your customer has to do is scan and pay. Easypeasy
Multiple director access
Running a limited company with partners? Invite co-directors to manage your account together.
Secure access for directors and team members
Everyone you give access to passes verification on the ANNA app, so you know your company’s information is protected.
Control permissions and track who does what
Set up who gets access to what, with flexible roles and permissions to control your company’s money and information.
Add your accountant for seamless collaboration
Provide your accountant access to all the information they need so you don’t have to export spreadsheets for them.
Open a business account for your LTD company
Start on our free Pay As You Go plan with no monthly subscription fee and get your account details today.
Top up your account in cash
You can easily add cash to your ANNA business account at any of the thousands of PayPoints across the UK.
The business account with money-saving pots
Set aside funds for VAT, Corporation Tax, salaries or dividends. ANNA helps you budget automatically.
All types of payments you’ll ever need
Free Direct Debits
Direct Debits are easy to set up in ANNA app so you always know your office or regular supplies bills are paid on time.
Open Banking
Connect your bank accounts to ANNA to make sure you get the full picture of your business finance – and to import your books to ANNA +Taxes if necessary.
Standing orders
Just like Direct Debits, standing orders are easy to set up in the ANNA mobile app.
Instant payment notifications
Whenever a payment is sent or received, you get instant notifications about where your money is moved.
International Business Payments
Send and receive payments to and from across the world in multiple currencies – your ANNA business account comes with an IBAN to make sure you get paid when working with customers from abroad.
Send professional quotes and invoices
Customer asks for an estimate of how much your work will cost? Send them a quote straight from the ANNA app.
Send and receive international business payments
Send and receive payments globally with your ANNA business account. We support a wide range of currencies, making it easy to do business with customers and suppliers around the world. Check out our list of approved countries and supported currencies to get started.
Top-notch security for your business account
Biometric verification
Your face or fingerprint is your key. Quick to log in, impossible to fake.
Smart limit recommendations
We’ll suggest sensible limits for different transactions – but you’re the boss of your money.
Suspicious activity alerts
ANNA keeps an eye on your card activity, flags anything unusual, and checks merchants are safe to deal with. Peace of mind, built in.
Caller ID protection
On the phone with “ANNA”? Open the app and we’ll confirm if it’s really us. No scams, no slip-ups, no accidental payments.
Loans for limited companies
From upgrading your equipment to growing your business, ANNA offers flexible credit options to help you move forward with confidence.
Let ANNA run your LTD’s accounts (so you don’t have to)
From VAT returns to Corporation Tax, ANNA +Taxes does the heavy lifting – calculating, filing and keeping you in HMRC’s good books. Everything’s accurate, on time, and stress-free.
Confirmation Statement
Every limited company has to file one each year. Miss it and Companies House could dissolve your business (yikes). ANNA reminds you and files it for you – easy.
Deadlines, never missed
VAT returns, Corporation Tax, annual filings – ANNA keeps track and gives you a nudge before anything’s due. Goodbye nasty surprises.
Team-friendly finance
Running your company with co-directors or an accountant? Share account access in a couple of clicks and keep everyone in the loop.
Who can open a business account?
We’ve made sure ANNA is suitable for most types of businesses that are legal in the UK, whether you are a sole trader or a limited company, you can get your business account up and running as fast and easily as possible.
Are you eligible to open a business account?
If you are registered as a limited company in the UK you’re most likely good to go. However, we don’t support certain types of businesses – like those involved in cryptocurrency, gambling, or anything listed on our prohibited activities list.
Turnover eligibility
We get it – one month you haven’t made any sales, the next you’re growing fast. Whether your business is still in starter mode or you’re about to onboard your first customer, there’s no minimum turnover required to open an account with us.
Transaction limit
To keep your account safe, we apply limits on things like card payments, ATM withdrawals, and bank transfers. These limits are designed to protect your money – not slow you down. If a legitimate transaction ever gets caught in the net, our team will work quickly to help sort it out. You can see the full list of account limits here.
ANNA is the best choice for small businesses in the UK
Get set up in under 10 minutes
Got your ID and proof of address? That’s all you need to open an ANNA account. Quick, easy, no faff.
Spend less time on admin – and more time running your business
You didn’t go limited to become your own bookkeeper. ANNA takes care of the boring financial stuff – so you can focus on growth, not grunt work.
Accounting that just... happens
Our clever AI sorts your transactions, tracks expenses, and preps you for VAT and Corporation Tax. Background magic, with none of the stress.
Invoices that send and chase themselves
Fire off professional invoices in seconds – and if your clients drag their heels, ANNA politely nags them for you.
Real humans, always on hand
Need help? Our Cardiff-based support team is here 24/7. Replies in under a minute, no robots, no scripts.
Trusted by thousands of small limited companies
Don't just take our word for it – ANNA customers shout about us on Trustpilot. (Mostly in 5 stars.)
How we compare to the best business bank accounts in the UK
Not sure which business bank account out there is best for you? We got you. In this guide we compare business bank accounts based on Trustpilot reviews, ratings, key features, and pricing to help you make an informed decision.
How do I open a business account for a limited company?
Here’s a step-by-step guide to opening a business account, including all the documents you’ll need.
Step 1
Sign up with your email or install the ANNA mobile app.
Step 2
Provide us with basic information about you and your business. You’ll need ID and proof of address, information about your business and your website or social media presence.
Step 3
We’ll check your documents and information; this usually takes a few minutes, but we might sometimes ask for more time.
Step 4
We open your account. You’re now ready to accept and send payments and order your ANNA card.
What do I need to open a business account for a limited company?
There are some eligibility requirements to open a business account with ANNA. We’ll need to check the information and the documents you share with us. Here’s what you need and how you can speed things up.
Photo ID and proof of address
We’ll need a photo of your full driving licence or a photo of your valid passport.
Take the photo on a flat, clear surface and make sure all four corners of the ID can be seen.
If you don’t have a driving licence or a valid passport, you can take a recent photo of yourself to either your bank, solicitor, or accountant to get it certified. To verify your address we might ask for a utility bill, council tax bill or bank statement. They should be dated within the last three months.
Your company must be registered with Companies House
If you’re only planning to do it, you can register your limited company through ANNA – it will make the business account opening process smoother since we’ll already have all the information.
Tell us what you do
To set up your ANNA account, we’ll just need a few basic details about your business, like what you do and how you earn your income. It’s quick, straightforward, and helps us tailor the account to fit your needs perfectly.
When does it make sense to go limited?
Going limited isn’t just a fancy title – it can seriously boost your bottom line if the timing’s right. Here’s when it might be worth making the leap:
You’re turning a tidy profit
Sole traders pay income tax on all their profits, which can get pricey once you’re earning more than about £50k–£100k. Limited companies pay Corporation Tax (which is lower), and directors can take some income as dividends – often saving a chunk in tax.
You’re about to lose your personal allowance
Once your income creeps over £100k, your personal allowance starts to vanish – and the tax bill can sting. Limited companies don’t have this issue. The company pays tax on its profits, and you can still take a salary up to your personal allowance to keep that tax-free chunk.
National Insurance doesn't apply to LTDs
Sole traders have to pay National Insurance on profits. Company dividends? Not subject to NI. That can mean extra money in your pocket – especially if you’re making serious profit.
You want to protect your personal assets
Limited liability means your personal stuff (house, savings, childhood teddy bear) is protected if things go wrong. Sole traders don’t get that safety net.
You want more flexibility
Limited companies can claim more expenses and reliefs – think R&D, capital allowances, pension contributions. Plus, you can leave profits in the business to invest later.
You can handle a bit more admin (or get ANNA to help)
There’s more paperwork – annual accounts, Corporation Tax returns, and some director duties. You’ll need to play by the rules when it comes to salary and dividends. But if the numbers work, the extra admin often pays for itself. And don’t forget about ANNA +Taxes – we can help with that extra admin.
Why going limited can mean less tax pain (if you're earning over £100k)
If your business is bringing in more than £100k in profit, switching to a limited company could save you a decent chunk in tax. Here’s how:
Corporation Tax wins
Profit between £50k and £250k? You’ll pay Corporation Tax at 25% (or slightly less with marginal relief). That’s still well below the 40% or 45% Income Tax sole traders face – and don’t forget, they also get hit with National Insurance. Ouch.
Keep your profits in your pocket (for later)
Sole traders are taxed on all their profits, every year. Companies, on the other hand, can keep some profit in the business – no personal tax until you actually take it out. Handy if you’re planning for the future (or a rainy day).
Smarter pay with dividends
Take a modest salary, top it up with dividends, and you could pay less tax overall. Dividends aren’t subject to National Insurance, and rates start at just 8.75%. Plus, you get a £500 dividend allowance – nice.
Pension perks
Limited companies can make employer pension contributions that reduce taxable profits. It’s a savvy way to take money out of the business – and something sole traders can’t do.
Extra reliefs and allowances
Companies get more tools in the tax-saving toolbox – like capital allowances and R&D tax relief. More opportunities to shrink your tax bill.
Open a limited company business account
Get started in less than 10 minutes and start using your account today.
Frequently asked questions
What is a business bank account?
A business bank account is like a personal account – but with its work trousers on. It’s opened in your company’s name and used to manage all your business payments in and out. You can move money, set up direct debits, and pay with a debit card – all while keeping your business finances separate from your personal stash.
Is ANNA a fully regulated UK bank?
Nope – ANNA isn’t a bank. We’re a business account provider that falls under the category of an e‑money institution. We offer clever tools like expense tracking and tax reminders, but we don’t lend money or hold deposits ourselves. Instead, we operate under our partner Railsr’s e‑money licence, and your money is held by regulated third‑party institutions.
Is ANNA FSCS protected?
FSCS protection (that’s the scheme that protects up to £85,000 in UK banks) doesn’t apply to ANNA accounts – because we’re not a bank. Instead, we use safeguarding. Your money is kept in a dedicated, ring-fenced account that can’t be touched or loaned out – not by us, not by anyone. It’s a different kind of protection, but it still keeps your money safe.
Can I pay cheques into my ANNA account?
Afraid not – ANNA doesn’t do cheques (too old-school). If someone gives you one, you’ll need to pay it in elsewhere and transfer the money over. But we do accept cash deposits via PayPoint, which is much more 2025.
Can I get an overdraft?
No overdrafts here – ANNA’s all about helping you stay in the black, not the red. That said, we may offer some credit options to eligible customers. It’s not a loan party, but we’re not total teetotallers either.
Can I open a limited company account if I have multiple directors?
Yes you can. ANNA supports joint accounts for limited companies. Open the account first, then give our support team a shout – they’ll help add your fellow directors so everyone can hop on the ANNA app and run things together.
Can I have an IBAN to receive foreign payments?
You can indeed. Every ANNA business account comes with a UK sort code, account number, and a shiny IBAN – perfect for receiving payments from abroad. You’ll find any fees in our pricing table, all laid out nice and clear.
Can I apply from outside the UK?
Yes, you can apply from anywhere – but you’ll need to be a UK resident to actually open an ANNA account. Passport stamps won’t cut it.
Do you have credit checks?
Nope – ANNA doesn’t run credit checks. We just verify your identity to comply with anti‑money‑laundering rules. It’s fast, painless, and won’t leave a mark on your credit score.
How long does it take to open an ANNA business account?
If your documents are ready and readable (no smudged selfies, please), it usually takes just 3–5 minutes to open your account. If something needs a closer look, it might take a bit longer – but we’re quick.
What is Open Banking?
Open Banking is a secure way for you to link different bank accounts and apps together. It gives you a smarter overview of your finances, all in one place. ANNA uses TrueLayer to bring transactions from your other accounts into the ANNA app – no mental maths required.
What’s the difference between an e‑money account and a bank account?
E‑money accounts (like ANNA’s) are run by licensed financial institutions, but they’re not banks. Your money can be stored, sent and received, but it can’t be lent out. That’s because it’s held in a special safeguarding account, rather than being covered by FSCS protection. Banks can loan out deposits, but offer FSCS cover up to £85,000. Different models – same goal: keep your money secure.
Award winning 24/7 support
Need help opening your account?
If you need a hand opening your ANNA account, don’t worry - our customer support team is available 24/7 in the app, ready to answer any of your questions during onboarding. Just start signing up and we’ll guide you along the way.
