Wallet
What is a SoLo Wallet?
December 30 2024 9:19pmSoLo Wallet is a deposit account that enables you to transact on SoLo. Wallet is the default payment method for funding and repaying loans. You can access your ...How do I deposit funds into my SoLo Wallet?
December 24 2024 3:31amMembers can deposit funds into their SoLo Wallet with their connected debit card. The funds deposited will appear in the SoLo Wallet as Wallet Cash.There is a $...How do I withdraw funds from my SoLo Wallet?
December 30 2024 10:28pmMembers can withdraw funds from their SoLo Wallet to their connected debit card or via ACH. Members are only allowed to withdraw their Wallet Cash balance and n...What is my SoLo Wallet Transaction History?
December 30 2024 10:32pmMembers have the ability to view all transactions which affect their wallet’s Cash and Credits balances. The transaction history can be accessed within th...Can I download my SoLo Wallet Transaction History?
December 22 2022 4:40pmMembers have the ability to download their entire SoLo Wallet Transaction History by clicking the three dots to the right of “Latest Transactions”. ...What is the difference between SoLo Cash and SoLo Credits?
November 30 2023 6:00pmThe SoLo Wallet balance holds both Wallet Cash and SoLo Credits.Wallet Cash is equivalent to having cash on hand, and there are no restrictions on how it can be...How do I payback a loan with my wallet?
December 22 2022 4:43pmAs a borrowing member, you are able to use your SoLo Wallet to payback loans. Payback with wallet follows the order below:SoLo CreditsSoLo Cash and CreditsSoLo ...Why was the loan funded with a different funding method?
December 22 2022 4:47pmAs a lending member, you are able to see how the loan you are proposing on will be funded.There is a possibility that the loan is funded with a different method...What are my wallet deposit and withdrawal limits?
July 19 2024 1:15amThe current deposit and withdrawal limits are found below:MinimumMaximumDeposit$100$10,000Withdraw$20$5,000You can attempt to deposit and withdraw the maximum a...How do I receive loan repayments as a lender?
December 22 2022 6:49pmAs a lending member, all loan repayments settle in your SoLo Wallet and appear as SoLo Cash. You can use the SoLo Cash to fund your subsequent loans. If you wis...How do I fund a loan with my wallet?
December 22 2022 6:50pmAs a lending member, you are able to use your SoLo Wallet to fund loans. Funding with wallet follows the order below:SoLo CreditsSoLo Cash and CreditsSoLo CashD...Why is SoLo charging a withdrawal fee?
December 31 2024 1:24amSince we began SoLo, we’ve been covering all fees associated with money movement on the platform. We did not want to pass fees onto members without having...Why are my transactions failing?
December 31 2024 12:14amThere are a number of issues that could cause this issue. Issues include:Bank Transaction limitsDebit Card limitsSoLo Transaction limitsPayment processor e...