Streamline your financial operations, gain more control over your money

For current and most up-to-date details about the costs, please refer to our pricing page.

GoSolo is not a bank. GoSolo is a technology platform that allows its users access to electronic money business accounts that are supplied by 3rd party providers. 

Electronic Money is not a deposit. The Financial Services Compensation Scheme does not cover electronic money products. No other compensation scheme exists to cover losses from your electronic money account. The funds are held in segregated accounts in accordance with the provisions of the Electronic Money Regulations 2011

Gosolo is the trading name of Gosolo Financial Limited, a company registered in England and Wales (company number 12053066). Our registered office is 128 City Road, London, United Kingdom, EC1V 2NX.

For accounts with sort code 04-29-28, opened before 22/04/2024:

GoSolo Financial Limited is registered with the Financial Conduct Authority as an EMD Agent to distribute or redeem electronic money (Register number 902961). GoSolo operates via our partner, PayrNet Limited, which is authorised by the Financial Conduct Authority (register number 900594) as an Electronic Money Institution. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. The Card is issued by PayrNet Ltd pursuant to license by Mastercard International Inc. PayrNet Ltd is authorised by Financial Conduct Authority to conduct electronic money service activities under the Electronic Money Regulations 2011 (Ref: 900594). Payrnet Limited is an electronic money institution authorised and regulated by the Financial Conduct Authority with register number 900594. The Financial Services Compensation Scheme does not cover electronic money products. No other compensation scheme exists to cover losses from your electronic money account. Your funds will be held in one or more segregated bank accounts with a regulated third-party credit institution in accordance with the provisions of the Electronic Money Regulations 2011.

For accounts with sort code 04-29-57, opened after 22/04/2024:

Business Accounts are offered by Adyen N.V. which is authorised by the Prudential Regulation Authority and Financial Conduct Authority (reference number: 779800) as an overseas branch of an EEA-credit institution in the UK and is authorised to issue electronic money. The cards are issued by Adyen N.V. pursuant to license by Mastercard International. Business Accounts include issuance of electronic money. Electronic Money is not a deposit. The Financial Services Compensation Scheme does not cover electronic money products. No other compensation scheme exists to cover losses from your electronic money account. Adyen is however subject to stringent capital and liquidity requirements in order to ensure its financial resilience in periods of economic stress.

Opening a business account is simple with GoSolo. All you need is the following documents:

• A valid government-issued photo-ID document (Passport, Driving License, BRP), and
• Proof of your address (council tax, utility bill, bank statement), must be issued in the last three months

Limit on making payments using online banking is £50,000 per transaction. Inbound payments are limited to under £50,000 per transaction.

Registering a UK Limited company is simple with GoSolo. All you need is the following documents:

• A valid government-issued photo-ID document (Passport, Driving License, BRP), and
• Proof of your UK address (council tax, utility bill, bank statement), must be issued in the last three months

Depending on the package of services selected, you might need to pay an extra fee for company formation. Please refer to our Pricing section for the latest details about which services are included in the packages.

We will also automatically open a business account for your new company.

There is detailed information about new Limited company registration in our blog How can I register my company with GoSolo?

You cannot deposit cash into your GoSolo business account. We are constantly making changes to GoSolo and, if cash deposit is an important feature to you, please let us know here.

With GoSolo you can open a business account online as well as register an LTD company. Actually, you get everything you need to start your business and even more. We have web, iOS and Android mobile apps to manage your business account.

GoSolo Business Accounts Mobile Apps allow you to manage your account on the go. GoSolo Business Account is available on Web, iOS and Android app.

To open a business account in GoSolo you need 10-15 minutes to pass onboarding and if all is OK you will get a business account the same or the next day.

If you register a company via GoSolo, the default share structure is 100 shares for the total value of £100.

All shares issued are non-redeemable and rank equally in terms of each of:

1. Rights to take part in all approved dividend distributions
2. Voting rights – each share being entitled to one vote
3. Rights to participate in any distribution of capital on winding up of the company.

Direct Debit is not part of the initial GoSolo offering. We are constantly making changes to GoSolo and are going to deliver Direct Debit soon.

You will receive official (model) Articles of Association and Certificate of Incorporation. These documents are approved by Companies House. They are not apostilled.

Cash withdrawal limit is £250 per transaction, £1000 per day.