Any Moov account can hold a balance in a wallet.

Each Moov account can request a wallet, where the account holder can store funds. The wallet allows for flexibility on when and how you’d like to move funds. Some examples of what you can accomplish with the 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

Moov also utilizes wallets for processing ACH exceptions. Depending on when a return occurs, funds can be added to or deducted from the source or destination’s wallet, which may result in a negative wallet balance.


Each wallet has a balance that represents the funds currently available for that Moov account. Transferring from a wallet will instantly decrease the wallet’s balance. You can subscribe to wallet balance change events using webhooks.

Payment method

Moov will automatically create a payment method when the wallet capability is enabled for a Moov account. You can then use the moov-wallet payment method as a part of any transfer involving a wallet.

Payment method Description Capability
moov-wallet Can hold funds in a wallet and use the wallet as a source and destination for transfers wallet

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