Overview
GoSolo, at a glance.
GoSolo is a business account platform headquartered in the United Kingdom. The business account has no monthly fee. Opening an account takes 3–5 days. Non-residents are accepted: owners and directors do not need to live in the country where the company is registered.
GoSolo (Gosolo Financial Limited) is a technology platform, not a bank or licensed institution. Accounts and cards are provided by Adyen N.V., authorised by the PRA and FCA (reference 779800) to issue e-money in the UK. Funds are held in segregated accounts under the Electronic Money Regulations 2011; the FSCS does not apply.
Why businesses pick GoSolo
- Free business account with no monthly fee
- UK sort code and account number in the company's name
- Founders living in 40 countries can open one, with no UK address or phone needed
- Company formation and a London virtual address in the same sign-up
- Card payments, payment links and Tap to Pay built in
Watch out for
- Pounds only: no international payments and no currency exchange
- Only for limited companies with one director who is also the sole shareholder
- Virtual card only; no cash or cheque deposits
- Card limits of £1,000 per transaction and £5,000 a day
- Sole traders and partnerships are not accepted
Business fit
Will GoSolo accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on GoSolo's published rules
Likely fit
GoSolo lists both United Kingdom companies and Startups and SMEs as accepted.
GoSolo does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What GoSolo publishes about the businesses it takes on.
Who GoSolo serves
- Startups and SMEs
- Freelancers
- IT and software
- Creative
Not supported
Industries and countries GoSolo does not accept, from its own published lists.
Industries
- Unregulated financial services (where licensing is required)
- Pyramid or Ponzi scheme or multi-level marketing programs
- Hawala
- Un-licensed FX broker
- Binary options
- Debt restructuring, credit repair, debt settlement, providing credit, debt collections,
- Gambling and any similar activity with an entry fee and/or monetary prize, including, but not limited to casino games, sports betting, horse or greyhound racing, fantasy sports, lottery tickets, other ventures that facilitate gambling
- Get rich quick scheme (short term investment for very high return)
- Crypto-currency issue or trading (no digital ledger /trading, only payment gateway (for Bitcoin, Bitcoin Cash, Ethereum, Tether, Litecoin & Ripple) into GBP via UK Faster Payments)
- Activities aimed at circumventing security controls (software, hardware)
- Unregulated pharmaceuticals / food supplements (e.g. "nutraceuticals"); Drugs, narcotics, steroids, other products with danger to health; homemade alcoholic beverages, cigarettes and tobacco
- Piracy or illegal streaming
- Counterfeit goods and violation of intellectual property, items that violates someone's privacy
- Arms / dual use goods/ human organs
- Unlicensed charities
- Shell companies
- Companies formed of Bearer Shares
- Remittances funded in cash
- Businesses performing offshore bank transactions / Shell banks. Offshore refers to the EU commission tax evasion blacklist and greylist
- Adult services connected to human trafficking; intermediation of prostitution; production, visual broadcasting of pornography or striptease clubs (the approach does not include literature, toys, DVD's, educational or scientific material or dating sites )
- Fourth-party payment & multi-layered MSB arrangements
- Businesses that transact with goods subject to export prohibition/restrictions
- Businesses that transact with for goods with living animals
- Political/religious organisations engaged in hate speech. Entities that engage in selling, hosting, distributing, producing or promoting offensive materials, including materials that incite racial hatred or promote discrimination based on gender, race, religion, national origin, physical ability, sexual orientation, or age
- Sanctioned entities
Countries
- Not published
Coverage
Where can you use GoSolo?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
GBP only
UK account in pounds. International payments and currency exchange are not available.
Payment reach
Not published
Who can apply
Company incorporation countries1 countries · show list
- United Kingdom
Owner nationality
Not publishedOwner residency41 countries · show list
- United Kingdom
- Austria
- Belgium
- Bulgaria
- Croatia
- Cyprus
- Czechia
- Denmark
- Estonia
- Finland
- France
- Germany
- Gibraltar
- Greece
- Guernsey
- Hungary
- Ireland
- Italy
- Latvia
- Liechtenstein
- Lithuania
- Luxembourg
- Malta
- Monaco
- Netherlands
- Norway
- Poland
- Portugal
- Romania
- Slovakia
- Slovenia
- Spain
- Sweden
- Switzerland
- Ukraine
- Canada
- United States
- Australia
- Hong Kong SAR China
- New Zealand
- Singapore
Company types
Private limited companies (Ltd) with one director who is the sole shareholder, New Ltd companies formed through GoSolo
Pricing
What does GoSolo cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
Free
Monthly fee
Free
Conditions
First year; £399 the second year
Business account
£0 per month
£0 setup · £0 in year one
Business account + Company formation
Custom
£99 a year
Company + Account + Address
Custom
£299 a year
Business account for non-UK residents
Custom
£499 the first year, then £399
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Outgoing | ||
| Faster Payments (GBP) | Free | No charge · Transfers to UK accounts |
Other fees
Payment acceptance
| Cost | Listed amount | How it is charged |
|---|---|---|
| Card payments | 0.5% + £0.2 | Percentage plus a fixed fee · Plus the card-scheme cost (Interchange++) |
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Virtual card issue | Free | No charge |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Apply
Start the application online or through the sales team.
- 2
Company and people
Give the company's registration details, directors and owners.
- 3
Checks
Upload the documents requested and complete identity verification.
- 4
Account live
Once approved, the account is opened and you receive its details.
Documents you need
Not published
FAQ
Your questions, answered.
Is GoSolo a bank?
No. GoSolo is a technology platform. Business accounts and cards are provided by Adyen N.V., which the PRA and FCA authorise (reference 779800) to issue e-money in the UK.
Can I open a GoSolo account if I live outside the UK?
Yes. GoSolo accepts directors living in the UK, most of Europe, Canada, the United States, Australia, Hong Kong, New Zealand and Singapore. The company must be a UK limited company; GoSolo can form one for you.
How much does GoSolo cost?
The business account is free. Packages with company formation cost £99 a year, with a London virtual address £299 a year, and the package for non-UK residents £499 for the first year and £399 for the second.
Can I send money abroad with GoSolo?
Not yet. International payments and currency exchange are not available; the account sends and receives UK transfers in pounds.
Alternatives
How GoSolo compares.
If GoSolo is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 GoSoloThis pageBusiness account platform | Not published | Non-residentsGBP |
 TideE-money institution |  | Free planNon-residents accepted |
 ANNA MoneyE-money account | | Free planTax tools |
 CountingupBusiness account | | BookkeepingDeposit protection |
 MettleBank | | Free accountDeposit protection |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.