Bikes7's avatar
Bikes7
Member
5 months ago
Status:
New

Solo Money for Business under Family Trust

Hi, we would like to use Solo Money but have atarted our business under a Family Trust. Would it be possible to include Family Trusts to be eligible to use Solo Money? Thank you

1 Comment

  • Danielle-Solo's avatar
    Danielle-Solo
    MYOB Staff
    5 months ago

    Hey Bikes7​ 

    Thanks for posting.

    Solo Money was designed for customers who are a sole proprietor, a proprietary limited (Pty Ltd) company, or a partnership between individuals.

    So, due to the variety of Solmates, not every business using Solo is eligible for an account, including those started as a Family Trust.

    For more information (and too see if Solo Money is for your business type, here’s a link to the Solo Money Target Market Determination