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Soldo VS SumUp Business Account: Business Banking Review & Fee Comparison


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

Is Soldo or SumUp Business Account better for your small business?



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Below we look at both Soldo and SumUp Business Account 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


SumUp Business Account Homepage
SumUp Business Account Homepage
 

Soldo vs SumUp Business Account Trustpilot Reviews

SoldoSumUp Business Account
Trustpilot Review Score (out of 5)4.74.2
Percent 5-Star Reviews77%64%
Percent 1- Star Reviews11%22%
Total Number of Reviews1,66718,247
Sources:
https://www.trustpilot.com/review/soldo.com
https://www.trustpilot.com/review/sumup.com

Soldo vs SumUp Business Account App Reviews

SoldoSumUp Business Account
iPhone Review Score (out of 5)2.74.8
Number of iPhone Reviews7012,400
Android Review Score (out of 5)2.94.7
Number of Android Reviews46984,500
Sources:
https://apps.apple.com/gb/app/soldo/id1489150365
https://apps.apple.com/gb/app/sumup/id514879214

Soldo vs SumUp Business Account Account Fees & Charges

SoldoSumUp Business Account
Free Business Bank AccountNoYes
Free Business Account Term LengthNANo Limit
Cheapest Monthly Account Fee£18No
Most Expensive Monthly Account Fee£30No
Electronic Payment Cost (in/out)£2Free
Cash Payments Cost (in/out)NoFree
Cheques (in/out)FreeFree
CHAPS Payments CostNoNo
SEPA Payments Cost€1.50No

Soldo vs SumUp Business Account Business Savings Rates

SoldoSumUp Business Account
Types of Business Savings AccountsNoneNone
Lowest Savings Rate (AER)NANA
Maximum Savings Rate (AER)NANA
Minimum Savings AmountNANA
Interest Paid On Foreign CurrenciesYesNo
 

Soldo vs SumUp Business Account Account Opening Times

SoldoSumUp Business Account
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 SumUp Business Account Features & Account Types

Soldo Account Types
Soldo Features & Account Types


SumUp Business Account Account Types
SumUp Business Account Features & Account Types


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

Soldo vs SumUp Business Account Customer Support Options

SoldoSumUp Business Account
Phone Support AvailableNoYes
Email Support AvailableYesYes
App Based Support YesYes
Web Based SupportYesYes
In person Customer SupportNoNo

Soldo vs SumUp Business Account Foreign Currency Accounts

SoldoSumUp Business Account
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 SumUp Business Account

Soldo Account Types
Other Soldo Services


SumUp Business Account Account Types
Other SumUp Business Account Services


SoldoSumUp Business Account
Business LoansNoNo
Commercial MortgagesNoNo
Invoice FinancingNoNo
International PaymentsYesYes
Merchant Payment ServicesNoYes
Card MachinesNoYes
Free Accounting SoftwareNoNo

Soldo vs SumUp Business Account Banking Basics

SoldoSumUp Business Account
Bank TypeChallengerChallenger
FSCS ProtectionNoNo
FCA Number900459900700
WebsiteSoldo WebsiteSumUp Business Account Website

Common Comparison Questions

Does Soldo or SumUp Business Account 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, SumUp Business Account scores 4.2 out of 5 based 18,247 Trustpilot reviews. Of which 64% are 5-star and 22% are 1-star.

Does Soldo or SumUp Business Account 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, SumUp Business Account’s iPhone App is rated 4.8 out of 5 based on 12,400 reviews. And it’s Android App is rated 4.7 out of 5 based on 84,500 reviews.

Does Soldo or SumUp Business Account 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, SumUp Business Account offers None accounts with interest rates ranging from NA to NA (AER).

See Other Comparisons:
Soldo vs Cambridge & Counties Bank
Soldo vs Recognise Bank
Soldo vs Dudley Building Society
Soldo vs MyPOS
Soldo vs Ampere


For other business bank accounts see our guide here.

 



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