When deciding between Revolut and Anna, it’s important to evaluate which features best align with your financial needs.
This comparison will highlight key differences, from mobile banking capabilities to specific benefits, helping you make an informed choice.
Revolut
Anna
How do Revolut and Anna compare?
Revolut and Anna are modern mobile banks that have redefined traditional banking by offering unique digital banking solutions. Both platforms aim to make banking more efficient, yet they cater to different user needs with their distinct features.
Revolut, launched in 2015 in the UK, provides digital banking services to both individual and business users worldwide. It offers a range of financial services, including currency exchange, cryptocurrency trading, and peer-to-peer payments, all through its mobile app. One of its standout features is the ability to hold and convert 28 currencies in the account, making it ideal for frequent travelers who want to avoid foreign exchange fees. Additionally, Revolut provides budgeting tools, analytics, a reward system, and the option to trade cryptocurrencies, offering a comprehensive suite for personal finance management.
In contrast, Anna (short for Absolutely No-Nonsense Admin) is tailored specifically for small businesses and freelancers. Launched in 2018 in the UK, Anna differentiates itself by combining banking with automated administrative services. In addition to traditional banking features, it offers invoicing, tax reminders, and business expense categorization. Anna’s AI-powered assistant helps users manage their business by tracking expenses, payments, and chasing invoices, thereby reducing administrative burdens for small business owners.
While Revolut focuses on providing comprehensive financial services for a broad user base, Anna is designed for small businesses and freelancers, offering both banking and essential administrative tools. Both platforms allow users to make international money transfers, though Revolut stands out with its multi-currency feature and more diversified financial services.
In conclusion, the choice between Revolut and Anna largely depends on the user’s needs: Revolut is ideal for individuals and businesses seeking a versatile, international payment solution and personal finance tools, while Anna is better suited for small business owners and freelancers who require banking services combined with automated administrative support.
Founded: 2015
Headquarters: London, UK
Users: +45 million
Countries available: 35
Account plans: 5 plan options
Go to Revolut
Founded: 2018
Headquarters: London, UK
Users: +100,000 thousand
Countries available: United Kingdom
Account plans: 3 plan options
Go to Anna
Other comparisons about Revolut and Anna
Why use a digital bank?
Affordable fees and attractive pricing
With their digital-first approach and reduced operating costs, neobanks often offer highly competitive fees compared to traditional banks. Many neobanks minimize or eliminate fees for services like account maintenance and transactions, and some even provide enhanced interest rates on savings and loans. This cost-efficiency appeals to individuals and businesses focused on maximizing financial value without the typical expenses of traditional banking.
Quick account setup and hassle-free onboarding
Opening an account with a traditional bank is often a slow, paperwork-heavy process. Neobanks streamline this experience by using technology to offer a quick, fully online onboarding. Some even provide instant approval, allowing users to start banking within minutes. This efficiency and ease make neobanks an attractive option for people who want fast, paperless access to financial services.
Intuitive design for easy navigation
Neobanks offer highly accessible, user-friendly mobile apps designed for a smooth, modern banking experience. Unlike traditional banks, which rely on complex processes and paperwork, neobanks provide a streamlined interface where users can manage finances, track transactions in real-time, and set up alerts with ease. This straightforward, app-based experience appeals to tech-savvy users and businesses alike, offering a practical solution for efficient financial management.
Advanced budgeting and financial tracking tools
Neobanks often come equipped with advanced financial tools built right into their apps, giving users insights into spending patterns, budgeting help, and real-time transaction categorization. For businesses, this translates into improved financial control and clear visibility over cash flow. With features like expense tracking and financial analysis, neobanks empower individuals and businesses to make informed, data-driven financial decisions, setting them apart with their strong focus on financial management.
Responsive support and community involvement
Neobanks focus on customer satisfaction with quick, accessible support through multiple channels like in-app chat, email, and even social media. Traditional banks can sometimes have slower, more bureaucratic service, but neobanks use technology to deliver faster, more tailored responses. Many also build a sense of community through online forums and events where users can exchange tips and insights, fostering a collaborative approach to banking.