What is the difference between a Main wallet and a Company wallet?

Product Team

28 October 2024 18:52
Updated

Soldo offers a variety of wallet options based on the spending needs of your business. Two of the most common types are Main wallets and Company Wallets.

This is how they differ:

Main wallet	Company wallet
A wallet used to store the money of a Soldo account. The ‘default’ wallet if no other wallets are created.	A generic container of money that can be used to further divide account funds for specific needs (ex. departments, projects, an activity, etc.)
Its currency is defined based on the country of the account holder	Its currency can be any currency supported by Soldo
Can fund either cards or company cards	Can fund either cards or company cards
Is created when enabling a new currency supported by Soldo.	Can be created in the Company wallets section of the web console.
Can receive money from external sources (ex.banks via bank transfer).	Cannot receive money from external sources.
Cannot be renamed - will be called according to the currency.	Can be renamed in the Company wallets section of the web console.

Both main wallets and company wallets can be found in the same place in the web console. Simply select the Wallets section in the menu on the left and click on either Main wallets or Company wallets. In the resulting screens, you will see a table view of the wallet's name, currency, group, balance, linked cards, and amount spent. The last row in the table, labeled Action needed?, indicates whether the wallet concerned is running low on funds.

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