Payout wallets

Wallets are a disbursement tool.

The business client onboards recipients and funds the wallets. Recipients can hold the balance, send it to themselves, or spend it on a card. This is not a consumer bank product.

Platform funds wallet, creator holds, then sends or spends

01

Client onboards the recipient

Identity and payment details are collected by the company that needs to pay them.

02

Client funds the wallet

From the operating account, in batch or individually, after the company’s own approval rules.

03

Recipient uses the balance

Hold, transfer out to a bank where supported, or spend via an issued card.

What wallets are not

They are not retail current accounts. They are not opened by individuals applying on this website. Programme rules, corridors and limits are set with the corporate client.

Card issuing