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What is a Cash Wallet?
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Written by Snowball Team
Updated over 4 months ago

Your Cash Wallet is your dedicated wallet within your investor account where you can deposit money to start investing in funds. You will need to deposit funds into your Cash Wallet before you can invest in funds.

You are only able to use your Cash Wallet to invest in funds. The Cash Wallet is connected to our custodian, Adminis, allowing you to invest in funds.

At this stage you will not be able to use funds in your Cash Wallet to invest in private company offers. We are working on a solution to be able to use your Cash Wallet to be able to invest in private companies and we will update you as soon as this functionality is possible.

Once you have completed the onboarding process and your account is open, you will be provided with unique reference information and a bank account number to be able to deposit money into your Cash Wallet.

You can also withdraw money from your Cash Wallet to your nominated bank account at any time.

All funds within your Cash Wallet are held securely with an independent custodian, Adminis.

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