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Wise VS Soldo: Business Banking Review & Fee Comparison


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

Is Wise or Soldo better for your small business?



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Below we look at both Wise 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.

Wise Homepage
Wise Homepage


Soldo Homepage
Soldo Homepage
 

Wise vs Soldo Trustpilot Reviews

WiseSoldo
Trustpilot Review Score (out of 5)4.24.7
Percent 5-Star Reviews83%77%
Percent 1- Star Reviews7%11%
Total Number of Reviews207,5061,667
Sources:
https://www.trustpilot.com/review/wise.com
https://www.trustpilot.com/review/soldo.com

Wise vs Soldo App Reviews

WiseSoldo
iPhone Review Score (out of 5)4.82.7
Number of iPhone Reviews85,40070
Android Review Score (out of 5)4.82.9
Number of Android Reviews762,000469
Sources:
https://apps.apple.com/gb/app/wise/id612261027
https://apps.apple.com/gb/app/soldo/id1489150365

Wise vs Soldo Account Fees & Charges

WiseSoldo
Free Business Bank AccountNoNo
Free Business Account Term LengthNANA
Cheapest Monthly Account FeeFree£18
Most Expensive Monthly Account FeeFree£30
Electronic Payment Cost (in/out)0.42%£2
Cash Payments Cost (in/out)2% / 1.75%No
Cheques (in/out)UnknownFree
CHAPS Payments Cost£25No
SEPA Payments CostNo€1.50

Wise vs Soldo Business Savings Rates

WiseSoldo
Types of Business Savings AccountsBlackRock ICS Sterling Government Liquidity FundNone
Lowest Savings Rate (AER)4.67%NA
Maximum Savings Rate (AER)4.67%NA
Minimum Savings Amount£1NA
Interest Paid On Foreign CurrenciesYesYes
 

Wise vs Soldo Account Opening Times

WiseSoldo
Can You Apply Online?YesYes
How Long Does Opening An
Account Typically Take?
2 Working days1 day
Do They Check Your Credit?NoNo
Current Account Switch ServiceNoNo

Wise vs Soldo Features & Account Types

Wise Account Types
Wise Features & Account Types


Soldo Account Types
Soldo Features & Account Types


WiseSoldo
Business Current AccountYesNo
Business Savings AccountNoNo
Business Credit CardNoNo
Business OverdraftNoNo
Accounts For StartupsYesYes
Accounts For CharitiesYesYes
Accounts For Sole TradersYesYes
Joint Business Accounts AvailableNoNo
Card TypeVisa/MastercardMastercard
Online BankingYesYes
Mobile BankingYesYes
In Person/Branch BankingYesNo
Branch LocationsNone, online onlyNone, online only

Wise vs Soldo Customer Support Options

WiseSoldo
Phone Support AvailableYesNo
Email Support AvailableYesYes
App Based Support YesYes
Web Based SupportYesYes
In person Customer SupportYesNo

Wise vs Soldo Foreign Currency Accounts

WiseSoldo
US Dollar (USD) Bank AccountsYesYes
Euro (EUR) Bank AccountsYesYes
Other Currencies Available:
  • AUD – Australian dollar
  • BGN – Bulgarian lev
  • BRL – Brazilian real
  • CAD – Canadian dollar
  • CHF – Swiss franc
  • CZK – Czech koruna
  • DKK – Danish krone
  • EUR – Euro
  • GBP – British pound
  • HKD – Hong Kong dollar
  • HUF – Hungarian forint
  • IDR – Indonesian rupiah
  • INR – Indian rupee
  • JPY – Japanese yen
  • MYR – Malaysian ringgit
  • NOK – Norwegian krone
  • NZD – New Zealand dollar
  • PLN – Polish zÅ‚oty
  • RON – Romanian leu
  • SEK – Swedish krona
  • SGD – Singapore dollar
  • 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 Wise and Soldo

Wise Account Types
Other Wise Services


Soldo Account Types
Other Soldo Services


WiseSoldo
Business LoansNoNo
Commercial MortgagesNoNo
Invoice FinancingNoNo
International PaymentsYesYes
Merchant Payment ServicesYesNo
Card MachinesNoNo
Free Accounting SoftwareYesNo

Wise vs Soldo Banking Basics

WiseSoldo
Bank TypeChallengerChallenger
FSCS ProtectionNo, unless money is held in assetsNo
FCA Number900507900459
WebsiteWise WebsiteSoldo Website

Common Comparison Questions

Does Wise or Soldo have better customer reviews?

Wise scores 4.2 out of 5 based 207,506 Trustpilot reviews. Of these reviews 83% are 5-star and 7% 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 Wise or Soldo have a better App?

Wise’s iPhone App is rated 4.8 out of 5 based on 85,400 reviews. And it’s Android App is rated 4.8 out of 5 based on 762,000 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 Wise or Soldo have better business savings rates?

Wise offers the following types of business savings accounts: BlackRock ICS Sterling Government Liquidity Fund with interest rates ranging from 4.67% to 4.67%. (AER)

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

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


For other business bank accounts see our guide here.

 



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