Supercharge your company bank account

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

Our customers

30,000+ businesses trust Europe’s leading expenses software to sync with thier company bank account

Get more out of your company bank

In traditional company 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 company account. Soldo features advanced spending controls and captures rich data for simpler expense management and accounting. Just transfer funds from your company account to get going.

What is a company bank account?

Company 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 company 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 company?

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

Although it might seem unnecessary in the early stages of running a company, setting up a dedicated bank account for your company 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 company 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 company banks in the UK

Finding the right bank account for your company 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, you 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 company 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 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 company 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 access powerful new features that aren’t available with any banking provider.

Level up your business with Soldo

Apply online in minutes and start spending in as little as one working day

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Create a free Soldo account to get started

The best ratings across the web

Get started

Apply online in minutes and start spending in as little as one working day.

No credit checks, no hidden fees, no fixed contracts. Cancel anytime.

1. Complete registration

We need to confirm your identity and address. Upload a few documents and you’ll be done.

2. Add funds

Load money to your account to order your Soldo card. Receive it in 2 working days.

3. Start spending

Shop online or instore safely with your contactless card.

What our clients think about us

“In the past, expense reimbursement took one and a half days, and now it takes slightly more than half a business day.”

Marco Valerio Izzo, Buzzoole
Finance Manager

“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, Get Your Guide
Head of Payments and Fraud

“Soldo has enabled us to close our old corporate credit card scheme, remove petty cash from our business and reduce the number of expense claims we process. This has reduced the administrative burden, replacing separate…”

Lee Jaques, Bruntwood
Finance Project Manager

“We need to have non-nominative cards, in multiple currencies, attached to powerful reporting that integrates with Sage. Soldo ticks all those boxes.”

Paraag Amin, DotDigital
Former CFO

All Soldo plans include

Everything you need to get started

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 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.

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.

Dedicated support

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

Let’s find the right Soldo plan for you

Choose a plan that fits the way your company spends

Apply in minutes, get going in as little as one working day, and cancel anytime

  Regulated by the Financial Conduct Authority
  Works with any business bank account
  Rated “Excellent” on Trustpilot
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Business Banking Insights