At this time we are not charging any fees: neither for . GoSolo business bank account is free for its first 500 users. Also, you will not be charged for opening Limited Company. As a side note, if you plan on registering your Limited company using GoSolo service and you are one of the first 500 users, you will not be charged. You can find more information about pricing here.
You need to be a UK resident in order to apply for a GoSolo business bank account.
Limit on making payments using online banking is £50,000 per transaction. Inbound payments are limited to under £50,000 per transaction.
You can make payments using online banking only between UK accounts. You can use your card to make payments outside of the UK.
Before opening a business bank account with GoSolo, please check that you match the following criteria:
GoSolo is authorised by the FCA and completed all the necessary compliance checks to be authorised as an e-money agent. Although we cannot offer FSCS deposit protection, your money is 100% safe in a ring-fenced account of a Tier 1 UK Bank. Ring-fenced means that we don't have access to it and cannot move or use it somewhere, you are always in total control.
Card limit is £1000 per transaction, £5000 per day.
Once your business bank account is open, your card will be dispatched to your selected address. It may take up to 10 working days to arrive.