Wallets in Soldo give you full control over how funds are distributed and accessed across your organisation. They help you manage spending efficiently by setting aside money for specific users, teams, or purposes. Whether you're running a project, funding a department, or assigning money to an individual, wallets make it easy to allocate and track funds without losing oversight.
There are four types of wallets in Soldo:
- Main wallet
- Company wallet
- User wallet
- Reserved wallet
Main wallet
The main wallet is your primary funding source in Soldo. When you deposit money into your Soldo account from your company bank account, the funds are added to the main wallet. From here, you can transfer money to user wallets, company wallets, and reserved wallets as needed.
Key features:
- Each active currency has one default main wallet.
- Only the main wallet can receive deposits from external bank accounts.
- Funds can be transferred to users, cards, or other wallet types.
- Main wallets can't be deleted.
On Plus or Unlimited plans, activating a new currency will create a new main wallet for that currency.
Any funds you deposit are protected by bank-level security and can be withdrawn at any time.
The main wallet can be used to fund multiple user and company cards. You can control spending by setting card rules and limits.
If you want more control over specific budgets, such as by team or project, you can also create company wallets or use user wallets and reserved wallets alongside the main wallet.
Company wallet
Company wallets let you separate funds from your main wallet to give teams or departments access only to the money allocated to them. These wallets are useful for managing budgets by group, project, or spending type.
Key features:
- Can be used by multiple user or company cards.
- Help restrict access to only specific funds.
- Can be created and named by the user (e.g. Marketing wallet, Travel wallet).
- Can be funded by the main wallet or another company wallet.
Super admins, Admins, and Managers with permission can create and manage company wallets through the Company wallets
section of the web app.
User wallet
A user wallet is automatically created for each user in your account. It allows you to assign funds to an individual and link those funds to one user card. This setup offers maximum control over individual spending.
Key features:
- Only the assigned user can spend from the wallet.
- Each user has one wallet per active currency.
- Used to fund a single user card.
You won’t see user wallets as a separate menu item. Instead, when you select a user in the Users
section, you’ll see their User balance, which reflects the balance in their user wallet.
Reserved wallet
A reserved wallet sets aside funds for a specific company card. Only one company card can be linked to a reserved wallet. This setup ensures that the funds in the wallet can only be used by that card, similar to a traditional prepaid card.
Key features:
- Funds are locked to one company card.
- Provides tight control over card-level spending.
- Wallets are auto-created and managed per card.
Reserved wallets don’t appear as separate items in the Wallets
menu. To view a reserved wallet, select the company card it’s linked to in the Cards
section. The wallet balance will appear alongside the card details.
Wallet comparison table
| Wallet type | Purpose | Visible from | Created |
|---|---|---|---|
| Main wallet | Primary funding source | Wallets section | Automatically (for each active currency) |
| Company wallet | Shared funds for teams, projects, or spend types | Wallets section | By user |
| User wallet | Funds for a specific user | User profile (User balance) | Automatically (for each active currency) |
| Reserved wallet | Funds for a specific company card | Company card details | When creating Compnay card and choosing Reserved wallet |
Good to know
- Only the main wallet can receive funds directly from a bank account.
- User and reserved wallets are automatically created and can't be deleted or manually added.
- You can create multiple company wallets to manage budgets more effectively.
Wallets in Soldo give you full control over how funds are distributed and accessed across your organisation. They help you manage spending efficiently by setting aside money for specific users, teams, or purposes. Whether you're running a project, funding a department, or assigning money to an individual, wallets make it easy to allocate and track funds without losing oversight.
There are four types of wallets in Soldo:
- Main wallet
- Company wallet
- User wallet
- Reserved wallet
Main wallet
The main wallet is your primary funding source in Soldo. When you deposit money into your Soldo account from your company bank account, the funds are added to the main wallet. From here, you can transfer money to user wallets, company wallets, and reserved wallets as needed.
Key features:
- Each active currency has one default main wallet.
- Only the main wallet can receive deposits from external bank accounts.
- Funds can be transferred to users, cards, or other wallet types.
- Main wallets can't be deleted.
On Plus or Unlimited plans, activating a new currency will create a new main wallet for that currency.
Any funds you deposit are protected by bank-level security and can be withdrawn at any time.
The main wallet can be used to fund multiple user and company cards. You can control spending by setting card rules and limits.
If you want more control over specific budgets, such as by team or project, you can also create company wallets or use user wallets and reserved wallets alongside the main wallet.
Company wallet
Company wallets let you separate funds from your main wallet to give teams or departments access only to the money allocated to them. These wallets are useful for managing budgets by group, project, or spending type.
Key features:
- Can be used by multiple user or company cards.
- Help restrict access to only specific funds.
- Can be created and named by the user (e.g. Marketing wallet, Travel wallet).
- Can be funded by the main wallet or another company wallet.
Super admins, Admins, and Managers with permission can create and manage company wallets through the Company wallets
section of the web app.
User wallet
A user wallet is automatically created for each user in your account. It allows you to assign funds to an individual and link those funds to one user card. This setup offers maximum control over individual spending.
Key features:
- Only the assigned user can spend from the wallet.
- Each user has one wallet per active currency.
- Used to fund a single user card.
You won’t see user wallets as a separate menu item. Instead, when you select a user in the Users
section, you’ll see their User balance, which reflects the balance in their user wallet.
Reserved wallet
A reserved wallet sets aside funds for a specific company card. Only one company card can be linked to a reserved wallet. This setup ensures that the funds in the wallet can only be used by that card, similar to a traditional prepaid card.
Key features:
- Funds are locked to one company card.
- Provides tight control over card-level spending.
- Wallets are auto-created and managed per card.
Reserved wallets don’t appear as separate items in the Wallets
menu. To view a reserved wallet, select the company card it’s linked to in the Cards
section. The wallet balance will appear alongside the card details.
Wallet comparison table
| Wallet type | Purpose | Visible from | Created |
|---|---|---|---|
| Main wallet | Primary funding source | Wallets section | Automatically (for each active currency) |
| Company wallet | Shared funds for teams, projects, or spend types | Wallets section | By user |
| User wallet | Funds for a specific user | Home, User section | Automatically (for each active currency) |
| Reserved wallet | Funds for a specific company card | Company card details | When creating Company card and choosing Reserved wallet |
Good to know
- Only the main wallet can receive funds directly from a bank account.
- User and reserved wallets are automatically created and can't be deleted or manually added.
- You can create multiple company wallets to manage budgets more effectively.