Wallets
Moov creates a default wallet and its moov-wallet payment method when an account's wallet.balance capability is enabled. Accounts approved for any send-funds or collect-funds capability get wallet.balance automatically. Start with balance, then see fund a wallet and cash out a wallet for timing by rail.
Wallet types
| Type | What it's for | Created by |
|---|---|---|
Default (walletType: default) |
Every account's main wallet. It can't be closed. | Moov, when wallet.balance is enabled |
General (walletType: general) |
Up to 10 more wallets per account, to separate funds by purpose, such as customer payments, vendor payouts, or expenses | You, with the create wallet endpoint or the Dashboard |
| Card issuing | Funds issued cards; fund it from another wallet | Moov, when card-issuing is enabled |
Each wallet has its own balance, transactions, moov-wallet payment method, and sweep, so you can settle each one to a different bank account. Fees, refunds, disputes, and reversals are taken from the wallet involved in the original transaction; for a bank-to-bank transfer without a wallet payment method, they're taken from the default wallet. Depending on your fee plan, each general wallet you create might incur a fee. To create, rename, or close wallets, see manage wallets.
Balance
Check a Moov wallet's available balance, reconcile it against transfers and bank deposits, avoid a negative balance, and manage wallets in the Dashboard.
Transactions
Track every movement in and out of a Moov wallet with wallet transactions, including pending and completed states, transaction types, and adjustments.
Fund a wallet
Fund a Moov wallet from a bank account, card, or another wallet: when the funds become available, and the transfer to create.
Cash out a wallet
Cash out a Moov wallet to a verified bank account with ACH or an instant payout: when each rail delivers, and the transfer to create.
Sweeps
Automate daily settlement from a Moov wallet to a verified bank account with sweeps, including minimum balances, payout timing, and negative sweeps.
Wallets API reference
Endpoints, parameters, and examples for this area.