Aza‐crown ethers 2 and 3 with anthracene‐containing pendant arms have been synthesised and characterised. Both compounds bind Group 1 metal cations in solution, forming complexes of 1:1 stoichiometry. The properties of compound 2 and its complexes have been studied by a range of techniques, including NMR, UV and fluorescence spectroscopy and X‐ray crystallography. The pendant arms can adopt either a cis or a trans geometry, the cis geometry favoured with larger cations. The geometry of the complex affects the fluorescence properties of the system, with larger cations giving higher excimer/monomer ratios. Upon irradiation at λ>300 nm, coronand 2 forms the cryptand 5 through a reversible intramolecular [4π+4π] cycloaddition reaction. The rates of the forward and reverse reactions of this photochromic process are cation dependent; in particular the rate of the thermal reverse reaction is decreased by smaller cations and increased by larger cations, especially Rb+. The metal binding constants in methanol for 2 and 5 have been determined, revealing that the cryptand 5 binds Na+ and Rb+ more weakly than crown ether 2 by over two orders of magnitude.