To begin using Soldo and experiencing the benefits of the platform, you will first need to deposit money into your Main wallet.
A Main wallet in Soldo is a 'default' wallet to store your company money. It is automatically created for you upon creating your account. The default Main wallet will be created in the currency based on the country of the account holder.
How to deposit money into your Soldo account
Deposit methods
Faster Payments - BACS
Use the account number and sort code to deposit money from a UK bank account to your GBP wallet. Your deposit should appear instantly but might take up to 2 working hours.
IBAN
Use the IBAN and BIC to deposit money into Soldo from your company’s bank account. It can take 1-2 days for GBP deposits to appear in Soldo.
Direct deposit
Within Soldo’s web app, a direct deposit lets you make a secure money transfer into your main wallet, directly out of your bank account through Open Banking. A temporary connection is made to your bank account each time you make a direct deposit into Soldo. We don’t have access to your transaction data. A direct deposit is sent as a Faster Payment so is usually instant, but can take up to 2 hours to appear in Soldo.
IBAN
This deposit option is suitable only for transfers in euro between banks operating in the SEPA scheme.
Use the IBAN and BIC to deposit money into Soldo from your company’s bank account. It can take 1-2 days for EUR deposits to appear in Soldo.
International payment
This deposit option is suitable only for SWIFT transfers from foreign currencies to euros and from a bank outside the SEPA scheme.
Use the IBAN and BIC to deposit money into Soldo from your company’s bank account. It can take 1-2 days for EUR deposits to appear in Soldo.
Direct deposit
Within Soldo’s web app, a direct deposit lets you make a secure money transfer into your main wallet, directly out of your bank account through Open Banking. A temporary connection is made to your bank account each time you make a direct deposit into Soldo. We don’t have access to your transaction data. A direct deposit is sent as a Faster Payment so is usually instant, but can take up to 2 hours to appear in Soldo.
IBAN
Use the IBAN and BIC to deposit money into Soldo from your company’s bank account. It can take up to 5 working days for USD deposits.