The 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 used. Your wallet’s cash balance is FDIC-insured.

SoLo Credits, on the other hand, are non-withdrawable. SoLo Credits can only be used for funding and repayment of loans. 

SoLo Credits expire 180 days after the last loan was funded.