# Wallets

Each Moov account is provided with a default wallet and can request additional general wallets, where the account holder can store funds.

Every Moov account can request one default wallet, as long as the account meets the wallet capability [requirements](/guides/accounts/capabilities/reference/). A Moov wallet holds funds and can be used as a source or destination for any transfer involving a wallet. Moov automatically creates a `moov-wallet` payment method when the `wallet.balance` capability is enabled for an account. Additionally, every account can request up to 10 general wallets to fulfill additional needs.

| Payment method | Description                    | Required capability | Verification required |
|----------------|--------------------------------|---------------------|-----------------------|
| `moov-wallet`  | Can be the source of a payment | `wallet.balance`    | **✓**                 |

If you want to send money to a bank account via RTP, the payment method source *must* be a `moov-wallet`.

While you can request the wallet capability directly, any account that is approved for at least one `send-funds` or one `collect-funds` capability will have the `wallet.balance` capability automatically enabled too.

A wallet allows for flexibility on when and how you’d like to move funds. You can accomplish the following with a wallet:

- Accumulate collected payments
- Transfer funds between Moov wallets for instantly available funds
- Pre-fund your wallet for faster payouts
- Cash out from your wallet at any time

See the articles in this section for more information on wallet balances and transaction details.