Co-operative Bank VS GoSolo: Business Banking Review & Fee Comparison

Is Co-operative Bank or GoSolo better for your small business?

Below we look at both Co-operative Bank and GoSolo reviews on Trustpilot along with their App reviews from Apple and Google.

We then look at typical fees, business savings rates, foreign currency options and a whole bunch of other account features to help you make up your mind.

Co-operative Bank vs GoSolo Trustpilot Reviews

	Co-operative Bank	GoSolo
Trustpilot Review Score (out of 5)	4.2	2.6
Percent 5-Star Reviews	51%	39%
Percent 1- Star Reviews	39%	47%
Total Number of Reviews	7,699	74

Sources:
https://www.trustpilot.com/review/co-operativebank.co.uk
https://www.trustpilot.com/review/gosolo.net

Co-operative Bank vs GoSolo App Reviews

	Co-operative Bank	GoSolo
iPhone Review Score (out of 5)	4.7	4.6
Number of iPhone Reviews	47,800	91
Android Review Score (out of 5)	4.3	3.6
Number of Android Reviews	33,000	61

Sources:
https://apps.apple.com/gb/app/co-operative-bank/id1439204021
https://apps.apple.com/gb/app/gosolo-smart-business-account/id1569028757

Co-operative Bank vs GoSolo Account Fees & Charges

	Co-operative Bank	GoSolo
Free Business Bank Account	Yes	Yes
Free Business Account Term Length	30 Months	12 Months
Cheapest Monthly Account Fee	Free	Free
Most Expensive Monthly Account Fee	Free	Free
Electronic Payment Cost (in/out)	Free	2% + 20p
Cash Payments Cost (in/out)	£1.50 per £100	£1.50
Cheques (in/out)	£1.50	£2.69
CHAPS Payments Cost	£25	£15
SEPA Payments Cost	No	30p

Co-operative Bank vs GoSolo Business Savings Rates

	Co-operative Bank	GoSolo
Types of Business Savings Accounts	Instant access, 35+ day, 95+ day	None
Lowest Savings Rate (AER)	1.63%	NA
Maximum Savings Rate (AER)	2.51%	NA
Minimum Savings Amount	No	NA
Interest Paid On Foreign Currencies	No	No

Co-operative Bank vs GoSolo Account Opening Times

	Co-operative Bank	GoSolo
Can You Apply Online?	Yes	Yes
How Long Does Opening An Account Typically Take?	5 Working days	Few minutes
Do They Check Your Credit?	Yes	No
Current Account Switch Service	Yes	Yes

Co-operative Bank vs GoSolo Features & Account Types

	Co-operative Bank	GoSolo
Business Current Account	Yes	Yes
Business Savings Account	Yes	No
Business Credit Card	Yes	No
Business Overdraft	Yes	No
Accounts For Startups	Yes	Yes
Accounts For Charities	Yes	No
Accounts For Sole Traders	Yes	Yes
Joint Business Accounts Available	Yes	Yes
Card Type	Visa	Mastercard
Online Banking	Yes	Yes
Mobile Banking	Yes	Yes
In Person/Branch Banking	Yes	No
Branch Locations	Limited locations accross the UK	None, online only

Co-operative Bank vs GoSolo Customer Support Options

	Co-operative Bank	GoSolo
Phone Support Available	Yes	Yes
Email Support Available	Yes	Yes
App Based Support	Yes	Yes
Web Based Support	Yes	Yes
In person Customer Support	Yes	No

Co-operative Bank vs GoSolo Foreign Currency Accounts

	Co-operative Bank	GoSolo
US Dollar (USD) Bank Accounts	Yes	No
Euro (EUR) Bank Accounts	Yes	No
Other Currencies Available:	No	No

Other Business Services From Co-operative Bank and GoSolo

	Co-operative Bank	GoSolo
Business Loans	Yes	No
Commercial Mortgages	Yes	No
Invoice Financing	Yes	No
International Payments	Yes	Yes
Merchant Payment Services	Yes	No
Card Machines	No	No
Free Accounting Software	Yes	Yes

Co-operative Bank vs GoSolo Banking Basics

	Co-operative Bank	GoSolo
Bank Type	High Street	Challenger
FSCS Protection	Yes, up to £85,000	No
FCA Number	990937	902961
Website	Co-operative Bank Website	GoSolo Website

Common Comparison Questions

Does Co-operative Bank or GoSolo have better customer reviews?

Co-operative Bank scores 4.2 out of 5 based 7,699 Trustpilot reviews. Of these reviews 51% are 5-star and 39% are 1-star.

Whereas, GoSolo scores 2.6 out of 5 based 74 Trustpilot reviews. Of which 39% are 5-star and 47% are 1-star.

Does Co-operative Bank or GoSolo have a better App?

Co-operative Bank’s iPhone App is rated 4.7 out of 5 based on 47,800 reviews. And it’s Android App is rated 4.3 out of 5 based on 33,000 reviews.

In comparison, GoSolo’s iPhone App is rated 4.6 out of 5 based on 91 reviews. And it’s Android App is rated 3.6 out of 5 based on 61 reviews.

Does Co-operative Bank or GoSolo have better business savings rates?

Co-operative Bank offers the following types of business savings accounts: Instant access, 35+ day, 95+ day with interest rates ranging from 1.63% to 2.51%. (AER)

In contrast, GoSolo offers None accounts with interest rates ranging from NA to NA (AER).

See Other Comparisons:
Co-operative Bank vs 3S Money
Co-operative Bank vs MultiPass
Co-operative Bank vs Reliance Bank
Co-operative Bank vs SumUp Business Account
Co-operative Bank vs Cambridge & Counties Bank


For other business bank accounts see our guide here.