Soldo Business Account Card - Corporate Expense MasterCards

Soldo Business Account

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Application Fees£5
Transaction FeesFree
Monthly Fees£5
ATM Charges£1.00 in UK - £2.00 abroad
Top Up FeesFree

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Top Up Information

Soldo Business Account

While you will not find a single person that will deny that Soldo Business Account cards have their advantages it is important to remember that they also have disadvantages. There are times when a person will prefer to use a card to cash to make a purchase, and while there is nothing wrong with that, it is vital that you remember that what you spend today will have to be paid back at the end of the month. Before you start to apply for a Soldo Business Account card, it is important to know all the angles, because this is a very big responsibility that will have far-reaching effects on your overall credit score if you get it wrong.

The first thing to consider is if you can afford to survive without a card if you think you can then you may want to put off applying for one. One way that you can get the convenience of a Prepaid card without having to deal with actual debt is to acquire a prepaid Soldo bank account card. That way you will have a chance to practice responsible money management skills but will not hurt your credit if you make a mistake. This will allow you to wait until you know without a doubt that you can handle the responsibility that comes with having a credit card.

No Overspending on your business bank account

One of the biggest problems when it comes to credit is the ability to overspend easily. This is where many people get into trouble when they spend more than they can repay according to the terms and agreements of their cards. This will negatively affect your creditworthiness and make it more difficult to purchase larger items in the future.

Having a Soldo Business Account card should be a decision that you think through completely because having a bad credit rating can keep you from having the opportunities that you would have if you managed your debt more carefully. One of the best ways to ensure that you can afford to have a Soldo prepaid card and have your finances completely under control is by practising with a prepaid Soldo debit card. This way you will be able to make the most common mistakes without affecting your credit. Being able to know what you are up against and ensuring that your finances are under control is the best way to use your debt responsibly.

Useage Charges

Sold Business Banking Card issue fees

  • Plastic contactless Soldo card £5
  • Virtual Soldo card £1
  • Card replacement or renewal - plastic £5.00 - virtual £ 1.00

Transaction fees
No fees on purchases.
Foreign currency exchange fee 1%

ATM withdrawal fees
Withdrawal in UK = £1
Withdrawal in other currency = £2
Withdrawal in € = €1
Withdrawal in other currency €2
Withdrawal of $ = $2

Account deposit and withdrawal services

  • Deposits via bank transfer is Free
  • GBP withdrawals via bank transfer is Free
  • From Soldo Business account to company’s UK bank account = Free
  • Euro withdrawals via SEPA bank transfer is £6.00
  • Withdrawals via International Payments (ex EU) is £16.00

Product Information

Pros of a Soldo Business Bank Account Card
There are many advantages to having a card and most of all it is convenient, especially if you have to do business on a daily basis. It makes a person's life much simpler if they do not have to carry large amounts of cash and worry about it getting lost or stolen. Not only that but it allows you to shop online and make purchases almost anywhere. For some the convenience of purchasing things that they want is enough to get them to sign up for a card, there are also added benefits in the forms of incentives and discounts. These usually come when you pay your debt back on time and in accordance with the terms and conditions of your card.

In addition to the benefits just mentioned a credit card also gives you the ability to purchase anything you want, as long it is within your credit limit, without the need to pay today. This does mean that you will incur debt that will need to be paid over a specified amount of time. This can be handy for those who do not like to carry cash, and also are confident that they will be able to afford to repay their debt. A good form of practice for those learning about their finances and responsible debt management is to use a prepaid Soldo card.

Benefits

Cons of a Soldo Business Bank Card

While you will have almost unlimited spending power depending on your credit limit, it is important to remember that you will need to have a good knowledge of your budget. You will need to be extremely cautious when it comes to splurging and avoid spending more money than you can manage to repay on time. The key is to be confident that whatever you spend now you will be able to pay back easily when your bill comes due. One way to ensure that you know how to manage your finances properly is to practice with a prepaid Soldo card. This way you will be able to make the common mistakes without worrying about a monthly bill or having a negative effect on your credit.

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Company Details

Company Location

Soldo Ltd, BOX 324, 19-21 Crawford Street, W1H 1PJ London, United Kingdom

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