Introducing Solo Money – a new way to manage your business, right inside Solo

A new version of Solo is now available in the Apple App Store and Google Play Store. Update Solo to access the newest release.

 

Hey Solmates!

 

Something new has landed in Solo! A business bank account designed to help you keep your business finances sorted all in one place.

Solo Money is now available for eligible Solo customers to apply for!

 

What is Solo Money?

Solo Money is a business transaction account built into Solo. Take a break from the app juggle - Solo’s got accounting, payments AND banking all in one place. That means:

• A dedicated business account
  • With Solo Money, you don’t need to sift through your personal bank statements trying to find that pesky business transaction. 
• Tracked transactions
  • AI smart matches money coming in and out of your business items. 

• You hold the cards
  • You can put expenses on the business account with your Solo Business Debit Card—both digital and physical. 

Who can apply?

Solmates who:

• Have an active ABN
• Are 18 years or older
• Are a tax resident of Australia only
• Are registered as one of the following: Sole trader, private company directly owned by individuals or Partnership (with only individuals as partners)

You can apply in minutes - jump into the Solo app and hit Solo Money to get started.

 

I already use connected accounts. Can I still apply for Solo Money?

Absolutely! Nothing changes for connected accounts with the launch of Solo Money – you can still link up to 2 connected accounts, separate to a Solo Money Account.

 

What about fees?

There are no monthly account keeping fees* as long as:

• You’ve made at least one transaction in your Solo Money Account in the last 6 months, or
• Your balance has been $500 or more in the last 6 months.

 

Ready to get started?

It takes minutes to apply! Just jump into the Solo app and hit More > Solo Money if you’d like to proceed. You’ll need your ABN, business details, driver’s licence or passport.

It’s free to set up a Solo Money Account *.

 

*If your account has a balance of less than $500, a fee of $10 per month will apply unless you make at least one transaction in a 6 month period (other than transactions initiated by us, such as crediting interest or debiting fees and charges). Other fees may apply. See terms and conditions for full details.