---
title: "Solo Money Account — Solo by MYOB"
description: "Transaction & Savings Accounts from Solo by MYOB. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/solo-by-myob/products/2a04147b-ef86-49be-9ba8-11ab6e3b2aa6
source: "CDR Compare"
language: en-AU
last_updated: 2025-07-23T03:29:33.018162Z
---

# Solo Money Account — Solo by MYOB

> Transaction & Savings Accounts from Solo by MYOB. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Transaction & Savings Accounts**

Everyday banking for your business.

## Apply

Applications are handled by the provider: [Apply at Solo by MYOB](https://www.myob.com/au/products/solo)

## 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

- **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.
- **PayID** (Use this account to make and receive PayID payments.)
- **Real-time payments (NPP)** (Make transfers and send payments in real time.)
- **Digital banking** (You can access your accounts on your mobile for all your online banking.)
- **Fraud protection** (The product includes fraud protection functionality.)
- **Card access** — Link your transaction account to Mastercard® debit card.

## Eligibility

- **You must have an Australian mobile number and a valid email address.**
- **To open an account, you must meet our ID verification requirements.**
- **Residency status** — You must be an Australian tax resident.
- **Minimum age** — 18 years
- **Business customers** (To 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.)
- **To open an account, you must have an Australian Address.**

## Constraints

- **Maximum limit** — $30,000.00 (Maximum single transaction limit of $30,000.)
- **Maximum limit** — $1.00 (You can hold a maximum of 1 account for this product.)
- **Maximum limit** — $20,000.00 (International single card transaction limit of $20,000.)
- **Maximum limit** — $250.00 (Offline transaction limit of $250.)
- **Maximum limit** — $100,000.00 (Maximum cumulative value of transactions is $100,000 per day.)
- **Maximum limit** — $1.00 (You can only hold a maximum of 1 card for this product.)
- **Minimum limit** — $0.01 (Minimum single transaction limit of $0.01.)
- **Maximum limit** — $20,000.00 (Daily domestic single card transaction limit of $20,000.)
- **Maximum limit** — $2,009.99 (Single cash ATM/POS withdrawal limit of $2,009.99.)
- **Maximum limit** — $50.00 (Maximum number of transactions per day is 50.)

## More information from Solo by MYOB

- [Terms & conditions](https://cdn.moby-prod.prod.cxnpl.io/files/products/2a04147b-ef86-49be-9ba8-11ab6e3b2aa6/v1/Solo_Money_Transaction_Account_Terms_Conditions.pdf)

## Data provenance

- Published by Solo by MYOB under the Consumer Data Right
- Product ID: `2a04147b-ef86-49be-9ba8-11ab6e3b2aa6`
- Last updated by the provider: 23 July 2025
- Source payload (JSON): https://www.cdrcompare.au/api/raw/solo-by-myob/2a04147b-ef86-49be-9ba8-11ab6e3b2aa6
- Provider page: https://www.cdrcompare.au/brands/solo-by-myob
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000449

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/solo-by-myob/products/2a04147b-ef86-49be-9ba8-11ab6e3b2aa6) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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