Anytime Digital Bank Review

• Convenient application process
• A wide range of account types 
• Suits different business needs
• Accepts cheques
• Budgeting and analytics
• No fees on international transactions
• Partnership with SumUp 
• Easy for merchants to accept card payments anywhere

Anytime is a popular French personal and business account available throughout Europe. If you want to know more about the company, accounts, fees, and other benefits they have, continue reading our Anytime review. But first, here’s our short verdict:

Anytime offers an all-in-one package for freelancers and small and medium businesses. You can get up and running in ten minutes but be wary of some of the fees and limits that are unfortunately abundant. 

About Anytime

Anytime is a neobank based in Belgium and France that offers banking services to individuals, professionals, companies, and associations. Their service is designed to replace your current bank account or be used alongside holding licenses with the ACPR (Bank of France) and the FCA (Bank of England).

Although the company started out by offering repayments between friends and payments between individuals, including accounts for teenagers, the neobank has profiled itself as a digital bank that offers business and personal accounts at once.  

Why is Anytime so special?

The company started its journey by offering products focused on teenagers but quickly pivoted to focus on businesses. This fintech is a so-called challenger bank that is focusing on making its users’ lives easier.

Their completely digital account drew its inspiration from neobanks in the US and is now rapidly growing in France and the rest of Europe. It’s backed by Orange Bank, a 100% French bank owned by the telecom operator Orange and the national bank Grouporama. 

Anytime was designed as an alternative to big banks or an addition to your existing bank accounts. You get both personal and business accounts with a French or Belgian IBAN. 

More than 100,000 users are already using Anytime, from solo freelancers to startups, associations, small, one and medium companies. 

Pros and cons

Pros

• Easy to open an account
• For freelancers and businesses
• Company creation
• Tailored accounts
• Backed by big players
• French or Belgian IBAN
• SumUp POS terminal

Cons

• Too many fees and charges
• Major accounting software not supported

Fees

• Monthly fee
• Transfers in another currency 0.70% +€2.50 – 1.65% +€3.50
• €10 fee for the activation of ATM withdrawals
• € ATM withdrawals up to €2
• + many other fees

How to open an Anytime account?

To open a personal Anytime account, you’ll need:

• Both sides of ID in colour
• A photo of you holding the ID next to your face
• A proof of residence of at least 3 months, in your name and personal address.

Anytime makes it easy to open a professional account online by providing some basic information. Only EU-registered organisations may apply for the account. To open an account, users will only need:

• A valid form of ID, 
• Proof of address in the EU, 
• Their company’s registered name, 
• Their shareholders’ ID. 

Once all the information has been entered, Anytime takes between 24 and 48 hours to approve the information and activate the business account, and your Anytime cards will be sent in the post.

How to add funds to Anytime account?

• Bank transfer (1-4 working days)
• Transfer with a remote payment link
• Personal Visa or Mastercard CB (2 minutes)
• CB with a remote payment link (2 minutes)
• Cheque (4 weeks)

There are numerous methods for adding funds to your Anytime account, making it just as easy as adding funds to a traditional bank account. Funds can be added via SEPA Payments, transferring funds from another Anytime account, sending a cheque, or tapping up with a debit or credit card. 

Anytime is also compatible with SumUp payment terminals, offering a terminal for a reduced price. This terminal can be used for clients to pay you by card directly into your business account.

Anytime accounts

Anytime offers monthly payments and annual ones that can save you up to 30%. 

Solo (1st month €49.50, then €14.50/m)

• Annual payment €114/year
• 2 Mastercards
• 50 virtual cards
• 20 outgoing transfers/direct debits
• 1 cheque deposit

Anytime offers a host of account plans to suit different professional needs. The first is the freelancer/private individual account, designed to help individuals get a clearer view of their spending. This account offers one business account and one personal account, and two Mastercards that are plastic or virtual. There are also 20 free outgoing transfers and direct debits per month and 1 free cheque deposit per month. 

Premium (1st month €64.50, then €29.50/m)

• Annual payment €234/year
• 3 Mastercards
• 200 virtual cards
• 100 outgoing transfers/direct debits
• 4 cheque deposit

The Premium account is the next step up. This account offers one business account and one personal account, and three Mastercards that are plastic or virtual. There are also 200 free outgoing transfers and direct debits per month and 4 free cheque deposits per month.

Professional (1st month €164, then €1290/m)

• Annual payment €1188/year
• 10 Mastercards
• 500 virtual cards
• 500 outgoing transfers/direct debits
• 8 cheque deposit
• Accounting software with invoice and quote creation

The next is the Professionals account designed to suit small businesses and start-ups, offering ten plastic or virtual Mastercards, expense management, and a responsive phone advisor. This account offers one business account and one personal account, 500 free outgoing transfers and direct debits per month, and 8 free cheque deposits per month.

Enterprise (1st month €415, then €380/m)

• Annual payment €2988/year
• 20 Mastercards
• 1000 virtual cards
• unlimited outgoing transfers/direct debits
• 10 cheque deposit
• Accounting software with invoice and quote creation
• API
• VIP customer service
• Turbo emergency Euro transfer

A company plan for medium to large companies can manage team expenses and an account designed to help people create and grow a new company. Anytime boasts the most extensive array of business account plans in the neobank industry, offering price plans to suit many sizes of business, objectives, and needs. 

The Enterprise plan offers one business account and 20 Mastercards that are plastic or virtual. There are also unlimited free outgoing transfers and direct debits per month and 10 free cheque deposits per month, plus many other perks and benefits. 

Anytime app

The Anytime mobile app places business finances at the forefront of the user experience, allowing customers to see exactly how much money is in their business account and tools to manage budgets. 

The app comes with a range of features designed to make business finances more comfortable to understand and easier to oversee. The user chooses between a French IBAN or a Belgian IBAN and access to as many virtual MasterCards needed to manage budgets.

The app makes it easy to set up direct debits for bills and payments and just as easy to collect direct debits from clients. The app also supports uploading XML or CSV files to make paying employees as effortless as possible. 

Anytime is easy to synchronize with external accounting software, and there are automated features for calculating VAT and dematerializing receipts. Each element of the app helps optimize and streamline business finances, assisting users in spending less time managing finances and more time growing their business.

Savings, loans, and cashback

Anytime doesn’t currently offer customers options for loans and credit. However, they do have the option to connect your Anytime account to your other bank accounts, be it a credit or loan account, to gain an overall picture of your finances on the app. There are also no cashback rewards that some other digital banks are starting to offer. 

Is Anytime good for travel?

Anytime will be a suitable companion on your business travels and will appeal to those who travel frequently or do some of their business globally.

It’s common for banks to charge anywhere between 2 and 3% on international transactions, which can add up. However, Anytime doesn’t charge fees on international transactions but does charge €2 for withdrawals in Euros and €2 + 2.5% outside the Eurozone. 

Anytime also makes it easy to make a payment anywhere within Europe or within their 33 supported currencies.

All the payments that you make in Euros are free of charge. However, the company will charge an additional foreign transaction fee for all foreign currency transactions. The FX fee is set by Mastercard. 

Company creation

If you don’t have a company yet and you’d like to create one, Anytime can help you create a French company and get you up and running in 72 hours. You can choose from:

• Capital deposit (€100)
• Company creation (€499)
• Invoices, quotes, and accounting (€114/y)
• Professional address (from €30/m)

Capital deposit is the certificate of deposit of funds that is required to open a company. Invoices, quotes, and accounting services include VAT calculation, free post forwarding, cash register monitoring, balance sheet and income statement, automatic reports, etc. 

Company creation service includes drafting of statutes, certificate of capital deposit, a legal publication, registration in the Registry (Kbis), ACCRE, and actual owners.

How is Anytime regulated? 

Anytime is a subsidiary of Orange Bank and is registered in the Paris Trade and Companies Register. Anytime is registered by the Prudential Control and Resolution Authority (ACPR) as payment services agent of the establishment of Treezor electronic money.

Its Mastercards are issued by PPS EU under license from Mastercard. The card is an electronic money product and PPS EU is a company licensed and supervised by the National Bank of Belgium (BNB) as an electronic money issuer.

Is my money safe with Anytime? 

The current information on Anytime’s website states that all your deposits are held in segregated accounts in established banks such as Crédit Mutuel Arkea, Loyds, and others. 

In the case of Anytime going bankrupt, your money should be immediately refunded because Anytime can’t access and use the funds for any other purpose than for what your funds were intended. That means they can’t use it for investing or lending to other people (as banks do).

Anytime also follow the same security standards as banks do to shield your data and cards. Such as PCI DSS compliance, SSL encryption, VPN firewall, and others.

Who owns Anytime? 

Anytime was founded in 2012 by Dupouy Damien and Thierry Peyre. The company was independent until it was acquired by Orange Bank in 2020. The founders of Anytime are still leading the neobank that is continuing to offer its recognizable product.

Customer reviews 

Anytime has a 4.6-star rating out of 5 on Trustpilot, with 72% of 3,000+ reviewers giving it an excellent mark and 11% a bad one. With a score of 4.6 stars, Anytime is better than Revolut (4.4), N26 (3.9), and bunq (3.1), for example.

Some of the bad reviews mention lacking customer support with days passing by without getting any answers from the company representatives. There are also some difficulties transferring funds and closing down the account.  

Customer service 

You can get Anytime customer service by logging into your account and sending them a message or giving them a call. 

Anytime alternatives

There’s no shortage of digital and traditional business accounts in Europe. The ones that we listed, offer a comparable service and are all long-established on the European market. 

Revolut 

Revolut is a well-known challenger bank that is the best choice for businesses that work with more than one currency and offers an unlimited number of accounts for your business, no matter the size. With more than 500k businesses using their accounts, they are still continuing to grow and expand worldwide. 

N26  

N26 is a German neobank available in the EEA and the US. It has four types of business accounts including a free account for less demanding businesses. It has more benefits and features than we could list here and is a serious choice for all ambitious entrepreneurs. 

bunq

bunq is an established challenger bank from Netherlands that was founded almost ten years ago and is available throughout the EEA countries. It’s a real bank and has deposit insurance of up to €100k. 

Wise

Wise, formerly TransferWise, is a stellar personal and small business account that offers the best rates for money transfers and foreign exchange. They also have plenty of features that entrepreneurs will appreciate. 

The bottom line

Anytime offers one of the most sophisticated and elaborate business banking services currently available from neobanks. There is a wide range of features created to make the management of finances much more accessible. Anytime is continuing to work with other fintech start-ups to integrate the most compelling new fintech into their service.