Updated September 28, 2026 · SumCue Editorial Team
ANNA Money vs monobank
ANNA Money
monobank
Higher score in this comparison
Where ANNA Money and monobank differ
| Compare | ANNA MoneyReviewSee alternativesSee alternatives | monobankReviewSee alternativesSee alternatives |
|---|---|---|
| Annual fee | £0 | Not confirmed |
| Currency conversion fee | 1% | Not confirmed |
| Rewards type | None | Not confirmed |
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Key differences
- monobank scores higher overall: 9.0 vs 8.9.
- Support channels: only monobank offers Phone.
- Pricing model: only ANNA Money offers No annual fee.
- Pricing model: only monobank offers Fixed rate.
- Features: only ANNA Money offers Multi currency.
- Features: only monobank offers Same day funding, Credit line.
Our verdict on each
ANNA Money
ANNA Money suits businesses and sole traders who want a straightforward multi-currency account with no monthly or annual charge. Spend comes off a Mastercard debit card rather than a credit card, and the only real cost to weigh is the currency conversion fee of 1% when money moves outside the UK.
monobank
monobank is built for Ukrainian customers who want their everyday card, their savings and their borrowing in one place, including sole traders running a business account. The business account has a monthly fee of UAH 0 and a free ATM allowance of UAH 50,000, and the deposit pays a headline rate of 16%.
Score breakdown
| Area | ANNA Money | monobank |
|---|---|---|
| Cost | 9.2Monthly fee £0 and annual fee £0 are both no annual fee, so running the account costs nothing. | Not confirmed |
| Offer | 9.4 | 9.9Higher |
| Trust | 8.3 | 8.4Higher |
How they place
| Ranking | ANNA Money | monobank |
|---|---|---|
| Credit and debit cards | 563 of 1594 | 516 of 1594 |
| Debit cards | 355 of 826 | 324 of 826 |
Every fact side by side
| Fact | ANNA Money | monobank |
|---|---|---|
| Pricing model | No annual fee | Fixed rate |
| Features | Multi currency | Same day funding, Credit line |
| Audience | Business | Business |
| Legal entity | Not confirmed | JSC UNIVERSAL BANK |
| Headquarters | United Kingdom | Ukraine |
| Founded | 2017 | 2017 |
| Support channels | Email, Chat, Help centre | Email, Chat, Phone, Help centreCovers more |
Debit cards
| Fact | ANNA Money | monobank |
|---|---|---|
| Monthly fee | £0 | UAH 0 |
| Free ATM withdrawals | Not confirmed | UAH 50,000 |
| Card type | Debit | Debit |
| Card network | Mastercard | Not confirmed |
Loans
| Fact | ANNA Money | monobank |
|---|---|---|
| Loan amount | Not confirmed | UAH 1,000 to UAH 100,000 |
| Term | Not confirmed | 12 to 24 months |
| Arrangement fee | Not confirmed | 1.9% per month of the initial purchase amount |
| Funding time | Not confirmed | Instantly to the monobank card |
| Rate type | Not confirmed | Fixed |
| Lender type | Not confirmed | Direct lender |
| Free early repayment | Not confirmed | No |
| Origination fee (%) | Not confirmed | 1.9% |
| Loan types | Not confirmed | Personal, Credit line, BNPL |
Savings
| Fact | ANNA Money | monobank |
|---|---|---|
| Headline rate | Not confirmed | 16% |
| Minimum deposit | Not confirmed | UAH 1,000 |
| Access terms | Not confirmed | Fixed or flexible terms of 3 to 24 months, withdraw or reinvest anytime, auto-renews by default |
| Account kind | Not confirmed | Fixed |
Where each stands against the rest
| Fact | ANNA Money | monobank | Median |
|---|---|---|---|
| Annual fee | £0at the median | Not confirmed | £0 |
| Currency conversion fee | 1%at the median | Not confirmed | 1% |
Median across 314 listed providers.
Pros and cons
ANNA Money
Pros
- No monthly fee of £0 and no annual fee of £0, and the account is run as no annual fee
- Multi-currency accounts are supported as a multi currency
- Card is a debit card on the Mastercard network, so spending draws on current balance rather than credit
Cons
- Currency conversion costs 1% on foreign spend, so frequent overseas buying adds up
- Help is limited to email, chat and help centre, with no phone line listed
monobank
Pros
- The business account carries a monthly fee of UAH 0 with a free ATM allowance of UAH 50,000.
- The deposit pays a headline rate of 16% at a fixed rate across terms of 12 to 24 months.
- Installments fund Instantly to the monobank card, with an origination charge of 1.9% per month of the initial purchase amount.
Cons
- Free early repayment is not offered, so clearing an installment before schedule costs extra.
- Deposits auto-renew by default, so a lower headline rate only helps if the balance is moved by hand.
- The deposit side carries a minimum of UAH 1,000 in hryvnia, and the pricing here is built for Ukraine.
Who each suits
ANNA Money
Who it suits
- Businesses and sole traders that hold and spend in more than one currency
- Anyone who wants everyday spending on a Mastercard debit card with no monthly charge
Who should look elsewhere
- Anyone wanting a credit card, since the card offered is debit and rewards are none
- Frequent overseas spenders who would rather pay Wise's currency conversion fee of 0%
- Households rather than businesses, since the account is built for a business audience
monobank
Who it suits
- Sole traders and small businesses that want a business account with a free ATM allowance of UAH 50,000
- Savers who can leave money for a fixed term of 12 to 24 months and earn 16%
- Borrowers who want a credit line that funds Instantly to the monobank card
Who should look elsewhere
- Wise, if you hold money in several currencies and would rather pay a monthly fee of £0
- bunq, for a euro account outside Ukraine with a monthly fee of €0
Country by country
| Country | ANNA Money | monobank |
|---|---|---|
| Ukraine | No | Yes |
| United Kingdom | Yes | No |
Questions about each
ANNA Money
How much does an ANNA Money account cost to run?+
The monthly fee is £0 and the annual fee is £0, and the account is sold as no annual fee. The main charge most customers will meet is the currency conversion fee of 1% when spending or converting in another currency.
Is this a credit card or a debit card?+
It is a debit card on the mastercard network, so purchases draw on the money in the account rather than borrowing. Rewards are listed as none, so there is nothing to earn back on everyday spending.
monobank
What does the monobank card cost each month?+
The business account has a monthly fee of UAH 0, and the card itself is a debit card rather than a credit card. Cash withdrawals are covered up to UAH 50,000, a strong allowance for an account aimed at business use, so the ATM rarely costs anything.
How much does the deposit pay?+
The headline rate is 16% and it is fixed, so the return does not drift with the market while the money stays in place. The term runs 12 to 24 months and the minimum deposit is UAH 1,000. A fixed rate is worth most if the balance can be left alone for the full term.
Other options to compare
ANNA Money
monobank