Use your GoSolo Business Account for Direct Debits

Regular business expenses should be simple to manage.

That is why GoSolo business accounts now support Direct Debit.

You can use your GoSolo account details to set up Direct Debits for recurring business payments, helping you pay regular bills and subscriptions without arranging each payment manually.

From software subscriptions and utilities to insurance and other ongoing services, Direct Debit gives you another convenient way to manage your business finances through your GoSolo account.

What is a Direct Debit?

A Direct Debit allows an organisation you have authorised to collect payments from your business account.

It is commonly used for regular or recurring expenses where the payment amount or collection date may vary. Once the arrangement is set up, the provider can collect payments according to the agreed schedule.

This makes Direct Debit particularly useful for ongoing business costs that need to be paid monthly, quarterly or annually.

Pay recurring business expenses from your GoSolo account

You can now provide your GoSolo business account details when setting up a Direct Debit with a supplier or service provider.

Direct Debit can be used for expenses such as:

• Business software and online services
• Internet and mobile contracts
• Energy and utility bills
• Insurance premiums
• Professional memberships
• Workspace and office services
• Accounting and administrative tools
• Other recurring business costs

Instead of remembering to make the same payment each month, you can authorise the provider to collect it from your GoSolo business account.

Spend less time managing routine payments

Running a business involves many regular expenses. Paying each one manually can take time and makes it easier to overlook an upcoming due date.

Direct Debit helps simplify this part of your financial routine.

Once a Direct Debit has been arranged with the provider, payments can be collected automatically based on the agreed terms. This can help you:

• Reduce repetitive payment administration
• Keep regular bills organised
• Avoid manually scheduling the same payment each month
• Pay subscriptions and services from your business account
• Keep business income and expenses together in GoSolo

It is a straightforward way to make everyday business banking more convenient.

Keep personal and business expenses separate

Paying business costs from a dedicated business account can make it easier to understand where your money is going.

Using your GoSolo account for Direct Debits helps keep recurring business expenses separate from your personal finances. It also means that more of your day-to-day business activity can be managed through one account.

With payments, sales and regular expenses in one place, it becomes easier to review your transactions and maintain clearer financial records.

Useful for businesses of every size

Direct Debit can support many different types of businesses.

Freelancers and consultants can use it for software, professional insurance and online tools.

Retailers and online sellers can pay for ecommerce platforms, storage services and business utilities.

Tradespeople and service providers can manage vehicle-related services, phone contracts and regular supplier costs.

Studios, salons and other premises-based businesses can use it for energy, internet, insurance and ongoing operational expenses.

Whether you are just starting out or already managing several regular costs, Direct Debit can reduce the time spent on routine payments.

How to set up a Direct Debit

A Direct Debit is normally created through the organisation you need to pay.

When setting it up:

1. Choose Direct Debit as your payment method with the provider.
2. Enter your GoSolo business account details.
3. Review and approve the Direct Debit instruction.
4. Make sure there is enough money in your account before each collection.

The provider will then collect payments according to the arrangement you have authorised.

Stay in control of your business cash flow

Automatic payments are convenient, but it is still important to keep track of your upcoming expenses.

Review your account activity regularly and make sure your available balance is sufficient before a Direct Debit is due. You should also check any notices from the provider, particularly when a payment amount or collection date changes.

This helps you benefit from automated payments while maintaining control over your business cash flow.

Direct Debit is available now

Direct Debit support is now available for GoSolo business accounts.

Use your GoSolo account for recurring bills, subscriptions and other regular business expenses—without making every payment manually.

New to GoSolo? Open your business account and manage more of your everyday business finances in one app.