Merchant Machine

Soldo VS Charity Bank: Business Banking Review & Fee Comparison


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

Is Soldo or Charity Bank better for your small business?



Compare UK Business Bank Accounts

Powered By BusinessBankAccounts.co.uk



Below we look at both Soldo and Charity Bank 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.

Soldo Homepage
Soldo Homepage


Charity Bank Homepage
Charity Bank Homepage
 

Soldo vs Charity Bank Trustpilot Reviews

SoldoCharity Bank
Trustpilot Review Score (out of 5)4.73.3
Percent 5-Star Reviews77%33%
Percent 1- Star Reviews11%34%
Total Number of Reviews1,6673
Sources:
https://www.trustpilot.com/review/soldo.com
https://www.trustpilot.com/review/charitybank.org

Soldo vs Charity Bank App Reviews

SoldoCharity Bank
iPhone Review Score (out of 5)2.7No Rating
Number of iPhone Reviews70No Reviews
Android Review Score (out of 5)2.9No Rating
Number of Android Reviews469No Reviews
Sources:
https://apps.apple.com/gb/app/soldo/id1489150365
https://www.apple.com/uk/app-store/

Soldo vs Charity Bank Account Fees & Charges

SoldoCharity Bank
Free Business Bank AccountNoNo
Free Business Account Term LengthNANA
Cheapest Monthly Account Fee£18Free
Most Expensive Monthly Account Fee£30Free
Electronic Payment Cost (in/out)£2No
Cash Payments Cost (in/out)NoFree
Cheques (in/out)FreeFree
CHAPS Payments CostNo£10
SEPA Payments Cost€1.5020p

Soldo vs Charity Bank Business Savings Rates

SoldoCharity Bank
Types of Business Savings AccountsNoneCITR accounts, Easy Access, Notice Accounts, Fixed Account
Lowest Savings Rate (AER)NA2.02%
Maximum Savings Rate (AER)NA4.51%
Minimum Savings AmountNA£1,000
Interest Paid On Foreign CurrenciesYesNo
 

Soldo vs Charity Bank Account Opening Times

SoldoCharity Bank
Can You Apply Online?YesYes
How Long Does Opening An
Account Typically Take?
1 dayUndisclosed
Do They Check Your Credit?NoYes
Current Account Switch ServiceNoYes

Soldo vs Charity Bank Features & Account Types

Soldo Account Types
Soldo Features & Account Types


Charity Bank Account Types
Charity Bank Features & Account Types


SoldoCharity Bank
Business Current AccountNoYes
Business Savings AccountNoYes
Business Credit CardNoNo
Business OverdraftNoNo
Accounts For StartupsYesYes
Accounts For CharitiesYesYes
Accounts For Sole TradersYesYes
Joint Business Accounts AvailableNoYes
Card TypeMastercardMastercard
Online BankingYesYes
Mobile BankingYesNo
In Person/Branch BankingNoNo
Branch LocationsNone, online onlyTonbridge

Soldo vs Charity Bank Customer Support Options

SoldoCharity Bank
Phone Support AvailableNoYes
Email Support AvailableYesYes
App Based Support YesNo
Web Based SupportYesYes
In person Customer SupportNoNo

Soldo vs Charity Bank Foreign Currency Accounts

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

Other Business Services From Soldo and Charity Bank

Soldo Account Types
Other Soldo Services


Charity Bank Account Types
Other Charity Bank Services


SoldoCharity Bank
Business LoansNoYes
Commercial MortgagesNoYes
Invoice FinancingNoNo
International PaymentsYesYes
Merchant Payment ServicesNoNo
Card MachinesNoNo
Free Accounting SoftwareNoNo

Soldo vs Charity Bank Banking Basics

SoldoCharity Bank
Bank TypeChallengerChallenger
FSCS ProtectionNoYes, up to £85,000
FCA Number900459207701
WebsiteSoldo WebsiteCharity Bank Website

Common Comparison Questions

Does Soldo or Charity Bank have better customer reviews?

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

Whereas, Charity Bank scores 3.3 out of 5 based 3 Trustpilot reviews. Of which 33% are 5-star and 34% are 1-star.

Does Soldo or Charity Bank have a better App?

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.

In comparison, Charity Bank’s iPhone App is rated No Rating out of 5 based on No Reviews reviews. And it’s Android App is rated No Rating out of 5 based on No Reviews reviews.

Does Soldo or Charity Bank have better business savings rates?

Soldo offers the following types of business savings accounts: None with interest rates ranging from NA to NA. (AER)

In contrast, Charity Bank offers CITR accounts, Easy Access, Notice Accounts, Fixed Account accounts with interest rates ranging from 2.02% to 4.51% (AER).

See Other Comparisons:
Soldo vs Cumberland Building Society
Soldo vs Redwood Bank
Soldo vs Amaiz
Soldo vs ICICI Bank UK
Soldo vs Intergiro


For other business bank accounts see our guide here.

 



Please note: Merchant Machine is an information and comparison website only.
We do not provide merchant services nor can we recommend which solution is right for you and your business.
Blog · About · Privacy Policy · Terms of Use · Contact Us
Copyright © 2025 Brilliant British Ltd trading as Merchant Machine

Registered Office Address:
3rd Floor Great Titchfield House, 14-18 Great Titchfield Street, London, United Kingdom, W1W 8BD
Company number 10490224