Solo Money Account
Transaction & Savings AccountsData Sharing Status
Everyday banking for your business.
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable Only applicable to Unarranged Credit Limit. | 25.45% | — | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| Account Inactivity Fee Account Inactivity Fee is charged where any Solo Money Account balance is below $500 but more than $0 for 6 calendar months, with no customer initiated transactions in that period. The fee amount is $10, or the Solo Money Account balance, whichever is lower, and will not overdraw the Solo Money Account. | Event | $10.00 |
| Card International Transaction Fee | Transaction | 295% of transaction |
Features
- Real-time payments (NPP)
- Make transfers and send payments in real time.
- Fraud protection
- The product includes fraud protection functionality.
- Notifications — All statements, notices and other communication in connection with these terms and conditions and your account may be given electronically by: email, text message, in app push notifications, in app prompts, or letting you know by email, text message or push notification that the information is available on the app or on a website. You should check your emails, text messages and push notifications regularly.
- Card access — Link your transaction account to Mastercard® debit card.
- Digital banking
- You can access your accounts on your mobile for all your online banking.
- PayID
- Use this account to make and receive PayID payments.
Eligibility
- Residency status — You must be an Australian tax resident.
- Minimum age — 18 years
- To open an account, you must meet our ID verification requirements.
- To open an account, you must have an Australian Address.
- Business customersTo open an account, you must have an active ABN or ACN, and you must be registered as either a Sole Trader, Private Company or a Partnership with the Australian Business Register.
- You must have an Australian mobile number and a valid email address.
Constraints
- Maximum limit — $250.00Offline transaction limit of $250.
- Maximum limit — $30,000.00Maximum single transaction limit of $30,000.
- Maximum limit — $20,000.00International single card transaction limit of $20,000.
- Maximum limit — $1.00You can only hold a maximum of 1 card for this product.
- Maximum limit — $50.00Maximum number of transactions per day is 50.
- Maximum limit — $1.00You can hold a maximum of 1 account for this product.
More Information
Published by Solo by MYOB under the Consumer Data Right · Last updated 23 July 2025 · Product ID 2a04147b-ef86-49be-9ba8-11ab6e3b2aa6 · View on CDR.gov.au