Supercharge your business bank account

Soldo works with your business account – helping you to manage spending and streamline the entire expense cycle, from purchase to reconciliation.

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Discover Soldo’s potential
Soldo Uno
FREE

limited to one card
(plastic or virtual)
Get started
Manage spending and expenses with the core features. Limited to one card.
 
Soldo Pro
£6

per card
per month
1x FREE
VIRTUAL CARD
for 12 months*
Get started
Orchestrate spending with enhanced control. Up to 20 plastic and virtual cards.
 
Soldo Premium
£10

per card
per month
1x FREE
VIRTUAL CARD
for 12 months*
Get started
Advanced controls, reporting and functionality complete the Soldo experience.
Soldo Ltd software services plan prices exclude VAT.
Soldo Financial Services Ltd fees, and typical limits are available here.

*No monthly fees for first virtual card for 12 months, standard monthly fees apply to all
additional cards. Card issuance fees apply.

Get more out of your business bank

In traditional business accounts, money is held in a single pot accessed by just one debit card. Support for expense management and accounting processes is virtually non-existent. But there’s a smarter way. Soldo is the multi-user expense account that complements your business account. Soldo features advanced spending controls and captures rich data for simpler expense management and accounting. Just transfer funds from your business account to get going.

Some business account basics

Business bank accounts work in the same way as personal ones – enabling you to transfer money, pay for services and track spending. But they often also include a few additional features, such as a personal advisor and tailored introductory offers.

  • Personal support: As a business customer, you’ll get a dedicated support team to guide you through the bank’s services. They’ll be able to provide advice as your needs change, and sometimes personalised offers.
  • Introductory periods: Many banks won’t charge you for the first year or so after opening your account.

Do you need a dedicated bank account just for your business?

If you are setting your business up as a limited company, you are required by law to have a dedicated business bank account.

Although it might seem unnecessary in the early stages of running a business, setting up a dedicated bank account for your business will remove many of the everyday difficulties that can make maintaining accurate accounts such a complicated and time-consuming task. In addition to a variety of other tools and services, by opening a business bank account, you will find it easy to keep track of:

  • Overall available balances
  • Money owed to the business
  • Up-to-date employee payroll information
  • Money your business owes to any creditors

Compare the best business banks in the UK

Finding the right bank account for your business is crucial to keeping on top of your finances. A lot of banks have excellent introductory offers that can provide real value for your business. But, ou should consider your business needs in the long-term. This will help you to decide which account will benefit your business and help you grow. You can read more about the best business bank accounts in the UK and key things you need to think about before opening a bank account for your business, including:

  1. How easy it is to switch
  2. Online banking facilities
  3. Security
  4. Fees and costs involved
  5. Easy integration with your accounting software
  6. Multi-currency facilities

How do you open a business bank account in the UK?

If you fit the criteria outlined by your provider, setting up a business account in the UK is fairly straightforward. In short, you should have the following details to hand:

  • Business address
  • Contact information, including a current telephone number
  • Companies House registration number (if you are a limited company or partnership)
  • Estimated annual turnover

It is also worth noting that you may also need to provide evidence of your personal financial circumstances in verifying that you have a clean banking and credit history. We’ve gone into more detail about things you need to open a company bank account in this article.

When do you need more than one business account?

As a business owner, you can sometimes find it challenging to keep tabs on just how much money the company is holding and what your immediate business commitments are. One solution is to consider the possibility of having more than one business account with the same, or different banks. Typically, you will have a current account and a savings or reserve account. This is useful sometimes, but it doesn’t give you the same amount of control that two independent accounts can. It is a question of what’s best for your business and how you prefer to organise your business finances.

Multi-currency bank accounts for business

For businesses dealing with various currencies, a multi-currency bank account can be useful. If your business operates across several countries and uses different currencies, a multi-currency bank account will be invaluable in mitigating fees for foreign currency exchange. Every bank will offer something slightly different, such as varied interest rates, different charging structures, and linked benefits such as savings accounts or overdrafts.

Here we take a look at how these accounts work and who they might benefit.

Is Soldo a bank account?

Soldo provides online expense accounts that sit alongside your business bank account, instead of replacing it. You can use your Soldo cards to silo staff spending from your main company funds, as well as accessing powerful new features that aren’t available with any banking provider.

Your business account’s perfect partner

You can get up and running with Soldo in minutes.

Unlimited Flexibility

You don’t need to pass a credit check to get started. Complete an application online then get up and running the same day.

Effortless Expenses

Simplify expenses with the intuitive web and mobile apps. Download as CSVs any time for easy imports into accounting software.

automatiza gestion de gastos

Quick & Easy Setup

Soldo is a prepaid solution, so there’s no need for credit checks. You can get up and running in as little as one working day.

All Soldo plans include

Soldo Mastercard® cards

Get as many cards as you need for employees and departments. Our contactless cards are accepted by millions of merchants worldwide.

Web-Konsole und mobile App

Web console and mobile app

See spending in real time on the web console. View balances, capture receipts and manage cards on the employee app.

Accounting integration

Export transaction data to every major accounting software, in two clicks. Connect expenses to Xero and QuickBooks.

Kostenlose und unbegrenzte Transaktionen

Free & unlimited transactions

Soldo Mastercard® cards have no fees for domestic transactions and our foreign exchange fee is fixed at just 1%.

No charge for deposits

It’s free to add funds, and money is available to spend instantly. Allocate funds to cards when your team needs it.

Individuelle Unterstützung

Dedicated support

Need a hand? Our friendly customer success team is at your service, providing support whenever you need it.

What our customers say

“Since we started using Soldo, it’s been such a relief not to have to regularly email or phone the banks to ask for our credit card limits to be raised. I love Soldo’s flexibility – it’s so easy to maintain and everything is in real time.”

Dennis Koehler
Head of Payments and Fraud at GetYourGuide

“Soldo has been a great addition to our functionality in the finance team; we’re able to empower trusted users to make spending decisions whilst maintaining an appropriate level of oversight and control through the admin portal.”

Martyn Sexton
Finance Manager at Secret Escapes

Business Banking Insights