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Saffron Building Society VS Soldo: Business Banking Review & Fee Comparison


By: Ian Wright | Last Updated: May 22, 2025

Is Saffron Building Society or Soldo better for your small business?



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Below we look at both Saffron Building Society and Soldo 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.

Saffron Building Society Homepage
Saffron Building Society Homepage


Soldo Homepage
Soldo Homepage
 

Saffron Building Society vs Soldo Trustpilot Reviews

Saffron Building SocietySoldo
Trustpilot Review Score (out of 5)2.24.7
Percent 5-Star Reviews21%77%
Percent 1- Star Reviews73%11%
Total Number of Reviews581,667
Sources:
https://www.trustpilot.com/review/saffronbs.co.uk
https://www.trustpilot.com/review/soldo.com

Saffron Building Society vs Soldo App Reviews

Saffron Building SocietySoldo
iPhone Review Score (out of 5)3.72.7
Number of iPhone Reviews2470
Android Review Score (out of 5)3.72.9
Number of Android Reviews14469
Sources:
https://apps.apple.com/gb/app/saffron-building-society/id1482290341
https://apps.apple.com/gb/app/soldo/id1489150365

Saffron Building Society vs Soldo Account Fees & Charges

Saffron Building SocietySoldo
Free Business Bank AccountNoNo
Free Business Account Term LengthNANA
Cheapest Monthly Account Fee£10£18
Most Expensive Monthly Account Fee£10£30
Electronic Payment Cost (in/out)Free£2
Cash Payments Cost (in/out)FreeNo
Cheques (in/out)£1.50Free
CHAPS Payments Cost£15No
SEPA Payments Cost25p€1.50

Saffron Building Society vs Soldo Business Savings Rates

Saffron Building SocietySoldo
Types of Business Savings AccountsRegular Savings, Easy access, Fixed rate bonds, Notice accounts, Business/corporate accountsNone
Lowest Savings Rate (AER)1.20%NA
Maximum Savings Rate (AER)5.75%NA
Minimum Savings Amount£1NA
Interest Paid On Foreign CurrenciesNoYes
 

Saffron Building Society vs Soldo Account Opening Times

Saffron Building SocietySoldo
Can You Apply Online?YesYes
How Long Does Opening An
Account Typically Take?
Undisclosed1 day
Do They Check Your Credit?YesNo
Current Account Switch ServiceYesNo

Saffron Building Society vs Soldo Features & Account Types

Saffron Building Society Account Types
Saffron Building Society Features & Account Types


Soldo Account Types
Soldo Features & Account Types


Saffron Building SocietySoldo
Business Current AccountYesNo
Business Savings AccountYesNo
Business Credit CardYesNo
Business OverdraftNoNo
Accounts For StartupsNoYes
Accounts For CharitiesYesYes
Accounts For Sole TradersYesYes
Joint Business Accounts AvailableYesNo
Card TypeMastercardMastercard
Online BankingYesYes
Mobile BankingYesYes
In Person/Branch BankingYesNo
Branch LocationsLocations in Essex onlyNone, online only

Saffron Building Society vs Soldo Customer Support Options

Saffron Building SocietySoldo
Phone Support AvailableYesNo
Email Support AvailableYesYes
App Based Support YesYes
Web Based SupportYesYes
In person Customer SupportYesNo

Saffron Building Society vs Soldo Foreign Currency Accounts

Saffron Building SocietySoldo
US Dollar (USD) Bank AccountsNoYes
Euro (EUR) Bank AccountsNoYes
Other Currencies Available:No
  • CAD (Canadian Dollar)
  • CHF (Swiss Franc)
  • DKK (Danish Krone)
  • NOK (Norwegian Krone)
  • SEK (Swedish Krona)
  • NZD (New Zealand Dollar)
  • JPY (Japanese Yen)

Other Business Services From Saffron Building Society and Soldo

Saffron Building Society Account Types
Other Saffron Building Society Services


Soldo Account Types
Other Soldo Services


Saffron Building SocietySoldo
Business LoansYesNo
Commercial MortgagesYesNo
Invoice FinancingNoNo
International PaymentsYesYes
Merchant Payment ServicesNoNo
Card MachinesNoNo
Free Accounting SoftwareNoNo

Saffron Building Society vs Soldo Banking Basics

Saffron Building SocietySoldo
Bank TypeBuilding SocietyChallenger
FSCS ProtectionYes, up to £85,000No
FCA Number100015900459
WebsiteSaffron Building Society WebsiteSoldo Website

Common Comparison Questions

Does Saffron Building Society or Soldo have better customer reviews?

Saffron Building Society scores 2.2 out of 5 based 58 Trustpilot reviews. Of these reviews 21% are 5-star and 73% are 1-star.

Whereas, Soldo scores 4.7 out of 5 based 1,667 Trustpilot reviews. Of which 77% are 5-star and 11% are 1-star.

Does Saffron Building Society or Soldo have a better App?

Saffron Building Society’s iPhone App is rated 3.7 out of 5 based on 24 reviews. And it’s Android App is rated 3.7 out of 5 based on 14 reviews.

In comparison, Soldo’s iPhone App is rated 2.7 out of 5 based on 70 reviews. And it’s Android App is rated 2.9 out of 5 based on 469 reviews.

Does Saffron Building Society or Soldo have better business savings rates?

Saffron Building Society offers the following types of business savings accounts: Regular Savings, Easy access, Fixed rate bonds, Notice accounts, Business/corporate accounts with interest rates ranging from 1.20% to 5.75%. (AER)

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

See Other Comparisons:
Saffron Building Society vs Cambridge Building Society
Saffron Building Society vs PayPal Debit
Saffron Building Society vs Allica Bank
Saffron Building Society vs Cater Allen
Saffron Building Society vs AIB (Allied Irish Bank)


For other business bank accounts see our guide here.

 



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