Go Solo Review
Comprehensive review and analysis of Go Solo's digital banking services
Quick Facts
- Founded
- 2019
- Head Office
- United Kingdom
- Active Customers
- 50,000+
- Total Funding
- £15 million
- Employees
- 75+
- App Store Rating
- 4.2/5
Pros & Cons
Pros
- Tailored for sole traders
- Integrated accounting
- Easy invoicing
- Tax estimation
- Receipt scanning
- Business insights
Cons
- Business-only accounts
- Limited international features
- Higher tier costs
- UK-only availability
Supported Countries
- United Kingdom
Fees
- Basic Account £5/month
- Pro Account £10/month
- ATM Withdrawals Free up to £500/month
- Foreign Transactions 2% fee
- Bank Transfers Free
Overview
Go Solo has focused on serving sole traders and freelancers since 2019. Their platform combines essential banking services with business management tools designed specifically for self-employed professionals.
Key Features
Banking Services
- Business current account
- Debit card
- Mobile payments
- Direct debits
- Bank transfers
- Payment scheduling
Business Tools
- Invoice creation
- Expense tracking
- Receipt scanning
- Tax estimation
- Project management
- Time tracking
Accounting Features
- Automated bookkeeping
- Real-time tax calculation
- VAT management
- Financial reporting
- Bank reconciliation
- Year-end reports
Additional Services
- Client management
- Quote generation
- Payment reminders
- Business analytics
- Mileage tracking
- Document storage
Security Features
- Two-factor authentication
- Biometric login
- Transaction monitoring
- Fraud detection
- Device management
- Secure messaging
Customer Support
- In-app chat
- Phone support
- Email assistance
- Knowledge base
- Business guides
- Community forum
Verdict
Go Solo excels in providing specialized banking and business management tools for sole traders and freelancers. Their integrated approach to banking, accounting, and business management makes it particularly valuable for self-employed professionals looking to streamline their operations.
While the monthly fees might be higher than some competitors, the comprehensive feature set often justifies the cost through time savings and improved business management. The main limitations are the UK-only availability and focus on business accounts, but for UK-based sole traders and freelancers, Go Solo offers an excellent all-in-one solution.