With Bank transfers, you have more payment options than ever before. You can make outbound bank transfers to pay others, like employees, clients, or suppliers, right from the Soldo platform. Perfect for when card payments aren’t an option.
Payment options to help with day-to-day business spending:
- Easy reimbursement: Reimburse employees for out-of-pocket expenses with ease. As part of our Bank transfer capability, we have developed a dedicated, embedded workflow into our existing expense management process. This means that reimbursement can be initiated swiftly in Soldo, without switching to other systems.
- Make payments to any third-party: Pay any person or organisation quickly through Soldo. When it’s not possible to use your Soldo card, Bank transfers can be used as an alternative to pay supplier invoices or make one off external payments. You can even set up and save regular payees to make future payments efficiently.
- Proactive cash flow management: Easily transfer funds back from Soldo to your business bank accounts to help you manage your ongoing cashflow.
Getting started with Bank transfers is easy.
First,
Then, you can:
FAQs
Who can make payments?
Super Admins can add new payees and make payments while Admins can only add payees.
How much do I get charged for each bank transfer?
Pricing details can be found here.
Can I make international payments?
Bank transfers supports Faster Payments Service (FPS) and Single Euro Payments Area (SEPA) bank transfers. Money can only be transferred in the currency of the main wallet.
What if I send money to the wrong bank account?
If you mistakenly send a payment through Faster Payments (FPS), it's important to note that Soldo cannot recall or cancel these transactions. In such cases, directly contacting the payee to request a refund is recommended.
For errors involving SEPA payments (both Instant and Credit), please contact your Customer Success Manager or email businesssupport@soldo.com. We'll investigate the payment promptly.