Guide to sending large payments with ANNA Money, including transfer limits

Businesses often need to make large payments, whether it’s paying supplier invoices, investing in new equipment or renting office space. In all cases, it’s crucial to find a fast, reliable and secure way to make large business transfers - without the high fees typically charged by banks.

This is where alternative providers can be useful, such as ANNA Money. It provides all-in-one business accounts and an app designed specifically for UK-based small businesses, freelancers and sole traders.

But how do large payments work with ANNA Money UK? Find out below, including info on how to set up a transfer, average transfer times, limits, security considerations and fees.

Plus, a look at another great alternative - Wise Business. You can securely send large transfers with Wise Business for low fees and mid-market exchange rates. This makes it ideal if you’re making a transfer across international borders.

💡 Learn more about Wise Business

Can you use ANNA Money for large transfers?

Yes, you can use ANNA Money business accounts for large payments both in the UK and internationally - but there are some limits.

The provider has a maximum limit for most UK payments of £250,000.¹ This includes BACS, Faster Payments and Direct Debits. So if you’re sending more than this, you may need to split it into multiple payments - it’s a good idea to double check with ANNA Money that this is possible.

You can also make ANNA Money large transfers overseas, sending payments to people and businesses in 200+ countries. However, you can only send in 4 major currencies, including British pounds (GBP), US dollars (USD), Euros (EUR) and Swiss francs (CHF).² This could potentially be a drawback for some globally trading businesses needing to pay suppliers and bills in other currencies.

The provider doesn’t say what the upper limit for international payments is, so you’ll need to contact customer services for more information.

Is ANNA Money safe for large payments?

Security will always be a top priority when sending large amounts, so it’s important to choose a regulated, trustworthy provider.

ANNA uses advanced security measures to protect accounts, payments and sensitive information. This includes using the latest security technologies such as firewalls, encryption, endpoint protection, intrusion detection and prevention, and data loss prevention. It complies with UK GDPR regulations.³

ANNA Money also uses safeguarding, where customer money is kept separate from its own funds - held in specially designated, ring-fenced client accounts at regulated banks and credit institutions.

When using any financial service, it’s crucial to take sensible precautions to protect yourself and your business when sending payments. These include double-checking recipient bank details, keeping your online banking details secure and being vigilant against scams.

How to make a large payment with ANNA Money

You can make an ANNA Money large payment online or via the mobile app. As it is a digital service, it doesn’t have any physical branches, so you can’t set up payments in person.

Before you can send your transfer, you’ll need to have the recipient’s details to hand. Here’s what you’ll need:

• The recipient’s name or business name as it appears on their bank account
• Their bank account number and sort code
• The type of account (i.e. a business account)
• The International Bank Account Number (IBAN) - for international transfers
• The SWIFT/BIC code for their bank - for international transfers.

To set up the payment online, follow these steps:

1. Sign into your ANNA Money account
2. Select ‘Pay someone’ or type this into the app chat. To make an international transfer, you can type ‘international payment’ into the app chat
3. Select an existing recipient from the dropdown list, or add their details if it’s a new recipient. You can start creating a new payment by uploading invoices or pasting details directly into the app chat.
4. Enter the amount to send
5. Add additional details - including a reference number and any other requested information
6. Review your payment details - if sending an international payment, this includes the exchange rate and the calculated amount in final currency
7. Once you’re happy, submit the payment.

Once you’ve submitted the request, you should receive confirmation from ANNA Money.

In the case of some large payments, you may be contacted by ANNA Money for extra checks or asked to provide additional verification documents showing the source of the funds (for example, business bank statements). This is to comply with anti-money laundering, anti-fraud and other financial regulations.

How long do large transfers take with ANNA Money?

ANNA Money large transfer times vary depending on the type of transfer.

If sending within the UK, the funds will usually be sent via Faster Payments. The transfer should arrive instantly, or within a few hours.

For international transfers with ANNA Money, it usually takes around 2 working days for the funds to arrive. However, it could take longer depending on the currency, country, and sender and recipient.²

What's the ANNA Money maximum transfer limit?

You’ll also need to know how much you can send in one payment, and per day. This is essential for smooth cash flow management, and to ensure your suppliers are paid on time.

ANNA business account limits are the same for most payment types. You can transfer a maximum of £25,000 per payment for Faster Payments, BACS and Direct Debits.¹

The provider doesn’t currently support outgoing CHAPS payments (only incoming CHAPS payments) which would otherwise let you send more than this.

ANNA Money doesn’t provide an upper limit for international payments, so you’ll need to get in touch with customer services to find this out. Alternatively, you can experiment with setting up an overseas payment in the ANNA app, to see how much it will let you send.

Another thing to bear in mind is that due to compliance regulations, ANNA Money may need to carry out additional verification checks for certain large transfers.

Get expert support for your large transfer 📞

What are the ANNA Money fees for large transfers?

Cost will always be a top priority when choosing a provider for large business payments. So, how much does it cost to use ANNA Money for large transfers?

Here’s a quick look at ANNA Money large transfer fees, which vary according to your plan type:⁴

• fees correct as of 02.07.26

While these fees may seem pretty straightforward, there’s another cost to consider that is a little more complicated. This is the exchange rate for converting currency, which will be essential to know if you’re sending an international payment.

Providers such as ANNA Money typically add their own margin to the mid-market exchange rate, which can make the transfer more expensive - especially if you’re sending large amounts.

For ANNA Money customers, this means an extra 0.5% to 1% above mid-market rates, depending on which plan you’re on. It’s described by the provider as a currency conversion fee.⁴

An ANNA Money alternative: use Wise Business for large transfers

As an alternative to ANNA Money, check out Wise Business - which has multi-currency account and card solutions for businesses of all sizes.

It also has a dedicated secure service for sending large payments.

Wise transfer limits depend on what currency is being sent, here's a few of the most popular:

• GBP - £20 million GBP per transfer
• EUR - €20 million EUR per transfer
• USD - $20 million USD when paying from your USD account, $1.6 million per SWIFT transfer.

It’s also worth knowing that Wise offers discounts for sending large amounts over £20,000 (or the currency equivalent). The more you send, the more you save.

You can open up a Wise Business account for free, and send large payments right away with the Essential plan. All accounts can hold and exchange 40+ currencies. With Wise Business Advanced, available for a one-time fee of just £50, you can receive payments like a local with major currency account details. There are no ongoing monthly fees and no minimum balance requirements.

Whenever you need to convert currencies, to send a payment or spend with your Wise debit card, you’ll get the mid-market exchange rate and low conversion costs from 0.33%.

You also have the ability to earn a return on GBP, EUR and USD funds with Wise Interest (capital at risk, growth not guaranteed). See more information at Wise Business Interest.

With Wise Business, you can:

• 🌍 Send money to 70+ countries at the mid-market exchange rate with low, transparent fees and no hidden exchange rate markups (product availability varies by region)
• 📥 Receive payments in 24 currencies and counting
• 💵 Get local account details for 8+ currencies, including USD and EUR, to let your customers pay in a currency they know and trust - convenience for them and peace of mind for you
• 💰 Hold money in 40+ currencies
• 🔁 Convert currencies anytime at the mid-market exchange rate with low, transparent fees
• ⚡ Use the batch payments tool to create and send up to 1,000 payments in a single transfer
• 👥 Run payroll and make international payments for up to 1,000 employees all over the world - including paying suppliers using local payment methods like ACH, SEPA, and Faster Payments
• 💳 Get business debit cards with 0.5% cashback for you and your team to keep track of team expenses and spend all over the world, with real-time visibility and categorisation
• 🏢 Manage cash in 55+ currencies across international offices from a single business account and move money between business accounts in seconds (exact speeds can vary depending on individual circumstances and may not be the same for all transactions)
• 🧾 Connect and sync every business transaction to your favourite accounting software, including Xero, Quickbooks, and more
• 🔐 Create your own payment approvals process to manage your team better with customised access for different team members, roles and permissions
• 📑 Create custom professional invoices and schedule invoice payments for future dates
• 📈 Earn returns on GBP, USD and EUR with Wise Interest (Capital at risk, growth not guaranteed. Your money is at risk if governments default or interest rates go negative. Visit Wise Interest to find out more)
• 🔗 Create payment links and QR codes to get paid easily (Card payment acceptance for new Wise Business customers is currently unavailable. Payment methods subject to eligibility and availability.)
• ⚙️ Automate payouts with the Wise API (comes with 24/7 customer support, a sandbox account to test integrations, API tokens, and clear documents on how to implement and make the most of our API)

Make the wise choice when selecting a business account for your domestic and global needs.

Be Smart, Get Wise.

Register for Wise Business ✍️

**Investments are not guaranteed, and your capital is at risk.

Wise is an Electronic Money Institution (EMI), so features like Interest and Stocks may be covered by the Financial Services Compensation Scheme (FSCS). For standard cash balances, we safeguard your funds to meet regulatory obligations.

In the UK, Interest and Stocks are provided by Wise Assets, the trading name of Wise Assets UK Ltd, which is authorised and regulated by the Financial Conduct Authority (FCA number 839689).

We do not provide investment advice, and taxes may apply. If unsure, seek qualified financial advice. Full fund information is available on our website.

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Sources used:

1. ANNA Money - Account limits
2. ANNA Money - International business payments and currency accounts
3. ANNA Money - Help - Keeping your account secure
4. ANNA Money - Business account pricing

Sources last checked 02-Jul-2026