The Finance Algorithm
Solo by MYOB

Solo Money Account

Everyday banking for your business.

Savings & transaction accountsBank updated 23 July 2025
At a glance
No headline figures published.
§ 01 — Rates · 1
TypeApplies toTermBandRateComparisonConditions
VariableOnly applicable to Unarranged Credit Limit.25.45%
§ 02 — Fees · 2
FeeTypeAmountWhenNotes
Account Inactivity FeeEvent$10Account 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…
Card International Transaction FeeTransaction295.00% of transaction
§ 03 — Features
Instant paymentsPayIDDigital bankingFraud protection
§ 04 — Eligibility & limits
  • · Minimum age 18
  • · Residency: You must be an Australian tax resident.
  • · Available to businesses
  • · Amount $0 to $20,000
  • · You must have an Australian mobile number and a valid email address.
  • · To open an account, you must meet our ID verification requirements.
  • · To open an account, you must have an Australian Address.

Published by Solo by MYOB under the Consumer Data Right, last changed by them on 23 July 2025. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.