Merchant Machine

Soldo VS MultiPass: Business Banking Review & Fee Comparison


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

Is Soldo or MultiPass better for your small business?



Compare UK Business Bank Accounts

Powered By BusinessBankAccounts.co.uk



Below we look at both Soldo and MultiPass 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


MultiPass Homepage
MultiPass Homepage
 

Soldo vs MultiPass Trustpilot Reviews

SoldoMultiPass
Trustpilot Review Score (out of 5)4.74.5
Percent 5-Star Reviews77%81%
Percent 1- Star Reviews11%12%
Total Number of Reviews1,66774
Sources:
https://www.trustpilot.com/review/soldo.com
https://www.trustpilot.com/review/multipass.co

Soldo vs MultiPass App Reviews

SoldoMultiPass
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 MultiPass Account Fees & Charges

SoldoMultiPass
Free Business Bank AccountNoNo
Free Business Account Term LengthNANA
Cheapest Monthly Account Fee£18£29
Most Expensive Monthly Account Fee£30£250
Electronic Payment Cost (in/out)£2Free + 50p
Cash Payments Cost (in/out)NoFree / £1 per £100
Cheques (in/out)FreeFree
CHAPS Payments CostNo£18
SEPA Payments Cost€1.50€1

Soldo vs MultiPass Business Savings Rates

SoldoMultiPass
Types of Business Savings AccountsNoneNone
Lowest Savings Rate (AER)NANA
Maximum Savings Rate (AER)NANA
Minimum Savings AmountNANA
Interest Paid On Foreign CurrenciesYesYes
 

Soldo vs MultiPass Account Opening Times

SoldoMultiPass
Can You Apply Online?YesYes
How Long Does Opening An
Account Typically Take?
1 day10 minutes
Do They Check Your Credit?NoYes
Current Account Switch ServiceNoNo

Soldo vs MultiPass Features & Account Types

Soldo Account Types
Soldo Features & Account Types


MultiPass Account Types
MultiPass Features & Account Types


SoldoMultiPass
Business Current AccountNoYes
Business Savings AccountNoNo
Business Credit CardNoNo
Business OverdraftNoNo
Accounts For StartupsYesYes
Accounts For CharitiesYesNo
Accounts For Sole TradersYesYes
Joint Business Accounts AvailableNoNo
Card TypeMastercardMastercard
Online BankingYesYes
Mobile BankingYesNo
In Person/Branch BankingNoNo
Branch LocationsNone, online onlyNone, online only

Soldo vs MultiPass Customer Support Options

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

Soldo vs MultiPass Foreign Currency Accounts

SoldoMultiPass
US Dollar (USD) Bank AccountsYesYes
Euro (EUR) Bank AccountsYesYes
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)
  • AZN
  • BRL
  • BYN
  • BGN
  • HRK
  • HUF
  • ILS
  • INR
  • KZT
  • KRW
  • LAK
  • LTL
  • MXN
  • MYR
  • NOK
  • PHP
  • PLN
  • RON
  • RUB
  • SEK
  • SGD
  • THB
  • TRY
  • UAH
  • VND
  • ZAR

Other Business Services From Soldo and MultiPass

Soldo Account Types
Other Soldo Services


MultiPass Account Types
Other MultiPass Services


SoldoMultiPass
Business LoansNoNo
Commercial MortgagesNoNo
Invoice FinancingNoNo
International PaymentsYesYes
Merchant Payment ServicesNoYes
Card MachinesNoNo
Free Accounting SoftwareNoNo

Soldo vs MultiPass Banking Basics

SoldoMultiPass
Bank TypeChallengerChallenger
FSCS ProtectionNoNo
FCA Number900459900840
WebsiteSoldo WebsiteMultiPass Website

Common Comparison Questions

Does Soldo or MultiPass 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, MultiPass scores 4.5 out of 5 based 74 Trustpilot reviews. Of which 81% are 5-star and 12% are 1-star.

Does Soldo or MultiPass 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, MultiPass’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 MultiPass 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, MultiPass offers None accounts with interest rates ranging from NA to NA (AER).

See Other Comparisons:
Soldo vs Reliance Bank
Soldo vs SumUp Business Account
Soldo vs Cambridge & Counties Bank
Soldo vs Recognise Bank
Soldo vs Dudley Building Society


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