Compare Anna and Tandem

How do Anna and Tandem compare?

Anna (Absolute No-Nonsense Admin) and Tandem are two cutting-edge mobile banks that cater to various modern banking needs, with a focus on small businesses and individual banking, respectively.

Anna is a UK-based mobile bank specifically tailored for freelancers, startups, and small to medium-sized businesses. This unique financial assistant combines artificial intelligence and human assistance to facilitate seamless business banking and administrative operations. Its core features include invoicing, categorizing transactions, and tax reminders, which help streamline business finances. The distinguishing aspect of Anna is its proactive financial service, rendered via interactive app notifications and 24/7 customer support by a dedicated customer service team. Its subscription-based pricing model offers flexibility to customers, ensuring they pay only for the services they need. However, since Anna is tailored for businesses, it may not meet the comprehensive personal banking needs of individual users.

On the other hand, Tandem is a mobile-first bank designed mainly for individual personal banking and saving. What sets Tandem apart is their emphasis on helping customers save and manage money better using smart technology. Besides regular banking features, Tandem offers real-time spending alerts, auto-saving rules, and categorization of expenses, allowing users to track their spending and savings efficiently. Additionally, Tandem provides access to low-rate credit cards and fixed savers with competitive rates, promoting healthier financial habits. While Tandem offers robust personal banking services, it lacks business banking features such as invoicing, VAT management and dedicated business accounts.

To conclude, both Anna and Tandem are advanced mobile banks, each with a distinct target audience. While Anna is a superior choice for businesses due to its AI-powered administrative assistance and personalized service, Tandem outshines in helping individuals manage their money effectively with its comprehensive personal finance tools.