Anna vs Memo Bank.
Anna (A58/100) and Memo Bank (M56/100), scored on the same six pillars and compared row-by-row. Every cell is sourced from licence registers and live pricing pages, not opinion. Anna leads Memo Bank 4-0.
| A Anna №57 · FCA 58 /100 | M Memo Bank №59 · ACPR 56 /100 | |
|---|---|---|
| Score | ||
| Composite score Out of 100 | 58 /100 | 56 /100 |
| Fees | ||
| Monthly fee Cheapest paid tier (€0 if free) | £11 /mo | €449 /mo |
| FX markup Debit card abroad | Interbank | 0.50% |
| Free FX / month EUR equivalent | €0 | €0 |
| Free ATM Before fee kicks in | — | — |
| Protection | ||
| Banking licence Tier | E-money inst. FCA | E-money inst. ACPR |
| Deposit guarantee Per depositor | Safeguarded GB.FSCS | Safeguarded EU.DGS.FR |
| Reach | ||
| Markets served Licensed jurisdictions | 1 country | 1 country |
| Crypto Coins available | No | No |
| Stocks & ETFs Self-directed | No | No |
| UX | ||
| Trustpilot Customer score | 4.6 ★ 6k reviews | 4.6 ★ 0k reviews |
| App store iOS + Android avg | 4.7 ★ iOS 4.8 · And 4.6 | 4.5 ★ iOS 4.5 · And 4.4 |
| Read review → | Read review → | |
Pick Anna if…
The design-led mobile-first UK SMB neobank — Anna positions itself versus Tide as the friendlier UX with a focus on solo founders and freelancers. The Self Assessment + Corporation Tax filing tools are the structural differentiator versus Tide at the UK freelance tier. FCA-authorised EMI — funds safeguarded, NOT FSCS-protected (same structural trade-off as Tide).
Pick Memo Bank if…
The French mid-market SME bank that fills the structural gap between Qonto (freelancer-and-SME-led, ACPR credit institution) and chartered legacy banks (BNP Paribas Business, Société Générale Business). Full ACPR credit-institution licence with DGS protection. Mid-market SME tier (€1M-100M revenue) is the target audience; API-first treasury + Pennylane integration is the SMB-tech moat.
- Best for fees Anna won 2 of 4
- Best for protection Tied
- Best for reach Tied
- Best for ux Anna won 1 of 2
Anna vs Memo Bank — FAQ
Quick answers to the four questions the search-bar asks most about a head-to-head.
Is Anna better than Memo Bank?
Under our v3 methodology, Anna leads Memo Bank 4–0 across 12 dimensions. Composite scores: Anna 58/100 vs Memo Bank 56/100. Anna is stronger overall, but the right pick depends on which row matters most to you — fees, protection, reach, or app quality.
Is Anna or Memo Bank cheaper?
Monthly fee — Anna: £11; Memo Bank: €449. Card FX markup — Anna: Interbank; Memo Bank: 0.50%. Anna wins more fee rows (2 of 4). See the Fees section of the matrix above for ATM caps and the rest.
Which is safer for deposits, Anna or Memo Bank?
Anna holds a E-money inst. licence under FCA; deposit guarantee per depositor: Safeguarded. Memo Bank holds a E-money inst. licence under ACPR; deposit guarantee per depositor: Safeguarded. Both score equally on regulatory protection rows.
Where can I use Anna and Memo Bank?
Anna operates in 1 country; Memo Bank operates in 1 country. Check each provider's signup page for the live country list — eligibility depends on residency, not just the licence footprint.
Want a 3- or 4-way comparison?
The dynamic compare picker handles up to four banks. Add this pair plus one or two more and we'll resolve every row.