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What is the difference between SoLo Cash and SoLo Credits?

Last updated on:
September 30, 2026

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.

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SoLo Funds, Inc., a Certified Public Benefit Corporation, is a financial technology company, not an FDIC insured depository institution. Banking services provided by Bangor Savings Bank, Member FDIC.

The SoLo Mastercard® Debit Card is issued by Bangor Savings Bank, Member FDIC, pursuant to license by Mastercard International Incorporated. Mastercard is a registered trademark, and the circle design is a trademark of Mastercard International Incorporated. Spend anywhere Mastercard is accepted.

Lending through SoLo involves risk, including the risk of borrower default and loss of principal. Lender returns are not guaranteed, are not insured by the FDIC or any federal agency, and are not bank deposits. Historical performance figures reflect platform-wide averages and do not predict future results. Individual results vary.

All loan requests are subject to verification, lender proposal, and the requestor's final acceptance. Tips and donations are voluntary.

© 2026 SoLo Funds Inc.