Soldo Business Prepaid Card
ATM and Cash
Topups
Overall
Prepaid Mastercard cards for businesses with real-time controls, multi-currency wallets and accounting integrations. Plans start from £21 per month for 3 users and 3 cards. FX uses Mastercard rate plus 1.5 percent. ATM withdrawals are allowed with a 1 percent fee, minimum £2, and card issuance costs apply. Outbound bank transfers by Faster Payments and SEPA are available on Standard and Plus, subject to eligibility.
Fees and FX
ATM and Cash
Topups
Overall
Initial Viewpoint
Best for finance teams that need controlled company spending, receipt capture and fast reconciliation without switching bank. Not ideal for sole traders since Soldo serves incorporated businesses only.
Highlights
- Physical and virtual Mastercard cards in GBP, EUR and USD with granular spend rules.
- Pricing with 3 users and 3 cards included on Standard and Plus, Apple Pay and Google Pay supported.
- FX fee fixed at 1.5% over Mastercard rate.
- Outbound bank transfers via Faster Payments and SEPA on eligible plans.
Cautions
- Financial services fees apply for things like card issuance and ATM withdrawals.
- Not available to sole traders. Incorporated entities only.
Overview
What it is
A spend management platform with prepaid Mastercard cards and a web and mobile app. Set budgets and rules per card, capture receipts with OCR on higher plans, and sync to accounting tools.
Who it's for
UK-registered companies that want controlled staff spending, multi-currency support and integrations without opening a new bank account.
Key Facts
Issuer and regulation:
Soldo Financial Services Ltd, an FCA-authorised Electronic Money Institution (FRN 900459). Cards issued by Soldo Financial Services Ltd in the UK and by Soldo Financial Services Ireland DAC in the EEA. Funds are e-money, not bank deposits.
Network:
Mastercard.
Card types and currencies:
Physical and virtual cards. GBP, EUR and USD wallets and cards available. Temporary virtual cards for ad-hoc online spend.
Apple Pay and Google Pay:
Supported.
Pricing & Fees
Fee Type
Amount
Notes
Standard plan
from £21/month + VAT
Includes 3 users and 3 cards, 1 wallet, up to 20 outbound transfers per month.
Plus plan
from £33/month + VAT
Includes 3 users and 3 cards, 3 wallets, up to 30 outbound transfers per month.
FX on card purchases
Mastercard rate + 1.5%
Also shown in fee summary.
ATM withdrawal
1% of amount, min £2 (GBP card)
EUR and USD cards min €2 or $2.
Card issuing
£5 plastic, £1 virtual
Replacement or renewal same amounts.
Inbound transfers
£0 for GBP and EUR
USD inbound fee shown as $10.
Outbound transfers
£0.75 Faster Payments, €0.75 SEPA SCT
Per transfer.
FX & ATM Details
FX conversion
Mastercard wholesale rate plus 1.5% fee. Exchange rate displayed before in-app conversion between supported currencies.
ATM usage
Allowed. Fee 1% of amount, minimum £2/€2/$2 depending on card currency. Some ATMs may surcharge.
Topups & Payments
Method
Fee or Limit
Notes
Inbound bank transfer to wallet
£0 for GBP and EUR
Funds then allocated to cards. USD inbound $10.
Outbound transfers
£0.75 FP, €0.75 SEPA
Standard and Plus only, subject to eligibility.
Card-to-wallet moves and inter-wallet
£0
Within the same account.
Applying for Soldo Business Prepaid Card
Eligibility
Soldo serves incorporated businesses. Sole traders are not supported.
Steps
– Create wallets, invite users, issue physical or virtual cards, and set rules.
– Choose Standard, Plus or request Unlimited. Start a 30-day trial for Standard or Plus.
– Complete company sign-up and compliance checks.
Limits & KYC
Topic
Detail
Account type
Company e-money account. Not a bank account.
Users and cards
Plan includes 3 users and 3 cards to start. Add users and cards for a per-user or per-card fee.
Wallets
1 on Standard, 3 on Plus. Unlimited on Enterprise.
ATM and spend limits
Configurable in console. Exact limits can vary by account.
KYC
Company and controller due diligence. Standard business onboarding checks.
App & Features
Feature
Detail
Spend controls
Rules by merchant type, geography and channel. Set daily or per-transaction limits. Toggle cash or online.
Temporary virtual cards
Create ad-hoc cards for up to 10 transactions over 7 days for one-off purchases.
Multi-currency
GBP, EUR and USD wallets and cards. In-app currency conversion shown before execution.
Receipt capture and OCR
Automated capture on Plus and above.
Reporting and exports
Real-time reports, export to XLS, CSV, PDF.
Integrations
Xero, QuickBooks, NetSuite, Sage, Datev, TravelPerk and 50 plus via Mastercard Smart Data.
Apple Pay and Google Pay
Supported for spending.
Who It's For
Best for
Companies that need controlled cards across teams, multi-currency travel and simple reconciliation with existing accounting stacks.
Not ideal for
Sole traders or businesses that require a full business bank account instead of an e-money wallet.
Pros & Cons
Pros
-
Strong controls, temporary virtual cards and rich reporting.
-
Clear FX fee at 1.5 percent over Mastercard rate.
-
Outbound bank transfers on eligible plans.
Cons
-
Financial services fees for card issuing and ATM withdrawals.
-
Not for sole traders.
How It Compares
At a glance: Soldo emphasises control, multi-currency and integrations with a fixed 1.5 percent FX fee and optional outbound transfers. Some rivals bundle richer expense workflows or different fee structures.
Feature
Soldo
Typical business debit from a bank
Other spend platforms
Annual or monthly fee
From £21 for 3 users and 3 cards
Often £0 for card, paid add-ons for software
Varies by brand
Card purchases
Varies by brand
ATM fee
Allowed with fee
Allowed, bank fees vary
Varies by brand
FX fee
Mastercard rate + 1.5%
Often 0 to 3%
Varies by brand
Alternatives to Consider
Revolut Business
SMEs that want an operating account plus cards in one place
Centtrip Multicurrency Card
Travel-heavy teams, film, music and aviation needing high limits and controls
Ratings
Category
Score 1 to 5
Weight
Notes
Fees and value
Platform fee from £21 per month for 3 users and 3 cards, plus financial services fees such as card issuing and ATM. FX on card purchases at Mastercard rate plus 1.5 percent.
ATM and FX
ATM allowed with 1 percent fee, minimum £2 on GBP cards. FX markup fixed at 1.5 percent over Mastercard rate.
Controls and features
Granular spend rules, temporary virtual cards, multi-currency wallets, rich reporting and accounting integrations.
Top ups and funding
GBP and EUR inbound transfers free, USD inbound fee applies. Outbound Faster Payments and SEPA available on Standard and Plus subject to eligibility.
Support and trust
UK EMI authorisation and card issuing within Soldo group entities. E-money safeguarding applies.
Compliance & Methodology
Regulatory
UK financial services are provided by Soldo Financial Services Ltd, an FCA-authorised Electronic Money Institution. Cards are issued by Soldo Financial Services Ltd in the UK and by Soldo Financial Services Ireland DAC in the EEA.
Data sources
Pricing and plans, Fee Summary v1.8 dated 04 Oct 2024, product pages and help centre. Verified 7 Nov 2025.
Editorial policy
Independent, fact‑checked comparison. Click here for editorial guidelines.
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