Make a wallet-to-wallet transfer to fund an alternative currency wallet

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After activating a new currency in Soldo, you'll need to deposit funds into the wallet or make a transfer before you can start to use the wallet.

How to fund an alternative currency wallet with a wallet-to-wallet transfer

Video guide Steps

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This guide will describe the steps required to make a wallet-to-wallet transfer between wallets with a different currency. For this guide, the funding source will be a default currency GBP wallet and the destination will be a EUR wallet. The same steps apply for other currencies.

1. From the left-side menu select Wallets.

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2. Select Main wallets.

3. Select the wallet that you'd like to transfer funds from.

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4. Select the Transfers tab.

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5. Choose Select destination.

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6. Select the currency selector dropdown and choose the currency that you want to fund.

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7. Select the Main wallets tab.

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8. Choose the wallet you'd like to deposit money into and then select Confirm.

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9. Enter the amount to send. The amount to be received will be automatically calculated based on the conversion rate displayed.

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Alternatively, enter the amount to receive. The amount to send will be automatically calculated based on the conversion rate displayed.

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10. Select Confirm transfer.

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The funds will be immediately transferred from your source wallet to your destination wallet.

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In addition to transferring funds from another wallet, you can also fund your alternative currency wallet by making a deposit from your bank.

If you’ve activated a new currency in Soldo, you can fund the new wallet by transferring money from another Main wallet. This is useful if you don’t want to deposit from a bank, or if you need to temporarily move funds between currencies to manage cash flow.

Example: You have GBP in your default Main wallet and want to move money to a newly activated EUR wallet. This transfer automatically applies the relevant exchange rate at the time of transfer.

How to make a wallet-to-wallet currency transfer

From the navigation menu, select Wallets.
Choose Main wallets.
Select the wallet you want to transfer from.
Go to the Transfers tab.
Select the Transfer to field.
Select the Main wallets tab.
Use the dropdown to choose the currency you want to transfer to.
Choose the destination wallet.
Click Confirm to continue.
Enter the amount you want to send or receive. The amount to be send or receive will be automatically calculated based on the current exchange rate.
Select Confirm transfer.

The funds will be transferred instantly between your Main wallets.

Note: You can also fund your new wallet by making a deposit from your bank if preferred.

Availability

Who: Super admins, Admins and Limited admins.

Pricing plan(s): Plus and Unlimited.

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