We’re excited to announce the launch of Solo Money, a business bank account built into Solo.
What is Solo Money?
A dedicated business bank account built into Solo. Your clients can stop sifting through their personal bank statements trying to find business transactions.
$0 monthly account keeping fees on active Solo Money accounts*
It’s free to set up a Solo Money account and there are no ongoing account keeping fees*
Apply in minutes
Solo users can jump into the Solo app and hit Solo Money to apply. If they’re approved, they can get their own PayID and a Solo Business Debit Card ready to add to their digital wallet.
What does this mean for your clients?
Less juggling of apps – bringing banking and business admin together.
How do they apply?
To speed an application up, Solo users need to make sure they have these things handy:
- ABN
- Business details
- Driver’s licence or passport
Your clients need to have the latest version of the Solo app to access Solo Money. If they can't see it, they can check for updates or switch on auto updates to always stay ahead.
Please note you won’t be able to able to apply on your client’s behalf.
The Solo Money account is distributed by MYOB Australia Pty Ltd (ABN 13 086 760 198, Australian Financial Services License 241059) and issued by Great Southern Bank, a business name of Credit Union Australia Ltd (ABN 44 087 650 959, Australia Financial Services Licence 238317). The information provided is factual only and does not consider your personal needs, objectives and circumstances. Our disclosure documents, including a Target Market Determination for the Solo Money account, can be found on our website.
* If the account has a balance of less than $500, a fee of $10 per month will apply unless at least one transaction is made 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.
