Every Soldo card needs a place to draw money from. This place is called a funding source, and in Soldo, a funding source is always a wallet. When you create a card, you link it to a wallet so it knows where to take money from when transactions happen.
How funding sources work
Each time a card is used to make a payment, it withdraws funds directly from its connected wallet. The card can never spend more than what’s available in that wallet. You can also apply spending limits and rules to control how much and how often funds are used.
Choosing the right funding source gives you control and visibility over how company money is spent. It also helps avoid shared wallets running low unexpectedly or users competing for the same funds.
Types of wallets that can fund a card
Soldo offers several types of wallets that can be used as funding sources. Each one is designed to support a different way of managing money.
Main wallet
The Main wallet is the central store for company funds. When a deposit is made into Soldo, the money lands here first. Connecting a card to the Main wallet gives it access to company-wide funds. This setup is best when spending needs to be flexible, but spending limits and rules should still be in place to manage control.
User wallet
Each user has their own User wallet, created automatically when they’re added to Soldo. Connecting a card to a user wallet means the funds are for that person only. It’s ideal for managing individual spending and tracking expenses per employee. A user can have more than one card (for example, one plastic and one virtual) linked to their own wallet, but no one else’s cards can use it.
Company wallet
Available on Plus and Unlimited plans, a Company wallet lets you set aside funds for specific teams, departments, or projects. Multiple cards can draw from the same company wallet, making it perfect for shared spending across a group. For example, a marketing wallet could fund several cards used by the marketing team.
Reserved wallet
A Reserved wallet is a special wallet that funds one company card only. The money in a reserved wallet is dedicated to that specific card, so it’s a good choice when you want total separation between card funds. This helps prevent any overlap between users or projects.
Why funding sources matter
- More control: Choose how each card accesses funds to match your company’s structure.
- Better visibility: Easily track who’s spending what and from which wallet.
- Less manual work: Avoid having to top up cards individually - funding sources can be shared or automated.
- More flexibility: If your needs change, you can switch a card’s funding source later.
Example use cases
- Employee cards: Link to each user’s personal wallet to track individual spending.
- Team cards: Link to a company wallet for shared access among team members.
- Dedicated project cards: Use a reserved wallet to set aside funds for a single purpose.
Choosing the right funding source helps keep your Soldo setup organised and ensures every payment draws from the right pot of money.