Your Woveo Wallet: A Complete Guide

Your Woveo Wallet is the central hub for all financial activity on the Woveo platform. It enables you to participate in community groups, track your personal and group transactions, monitor your savings and credit goals, and manage the overall progress toward your financial objectives. This guide walks you through each essential function of your Woveo Wallet to ensure you are set up and making the most of your Woveo membership.

Your Woveo Wallet is more than just a digital wallet—it’s a full-featured financial companion designed to help you build strong habits, access group credit and savings opportunities, and take ownership of your financial future. Use it to stay informed, stay connected, and stay in control.

1. Activating Your Woveo Wallet

To begin using your Woveo Wallet, follow these key steps:

• Complete Your Profile: Ensure that your Woveo member profile is fully completed with accurate personal information.

• Link a Valid Canadian Bank Account: You must connect at least one verified Canadian bank account to activate your Woveo Wallet. This allows for seamless deposits, cashouts, and tracking of funds.

Your Woveo wallet can be found by navigating to the main navigation on your page and selecting the wallet icon, third from the left and second from the right.

2. Navigating the Wallet Dashboard

Once activated, your Woveo Wallet becomes accessible from your app or web dashboard. Key features include:

• Wallet Balance: Easily view your available balance. You can toggle visibility on and off for privacy and convenience.

• Main Actions Menu: This includes:

• Deposit Funds: Add money into your Woveo Wallet.

• Withdraw Funds: Cash out to your connected bank account.

• Issue Funds to Wallet or Pockets: Allocate funds between your Woveo Wallet and designated pockets (for budgeting or specific goals).

• Bank Account Management: Connect and manage multiple bank accounts, with the ability to set a default.

3. Viewing Your Transactions

You can access and monitor your recent and historical financial activity directly from the dashboard:

• Recent Transactions Panel: Displays your latest group contributions, deposits, and withdrawals.

• See All Transactions: Clicking this opens a detailed view, including:

• Group Name: The group associated with the transaction.

• Transaction Type: Deposit, contribution, cashout, payout, etc.

• Status: Pending, Completed, or Failed.

• Date & Time: When the action occurred.

This feature helps track your engagement across all your Woveo groups and financial activities.

By clicking “see all” you are able to review your transactions in more detail:

4. The “My Wallet” and “My Money” Section’s

A powerful feature in the Woveo Wallet is the My Money section. This tool is designed to give you a forward-looking view of your financial activity:

• Upcoming Cashouts: See scheduled payouts from groups or savings goals.

• Expected Group Contributions: Monitor future group deposits you are expected to make.

• Fund Availability Timeline: Easily plan your financial obligations and receipts by understanding when money will be available in your wallet or bank account.

By toggling the visibility icon on and off, you are able to distinctly view your Woveo wallet balance

All activities are broken down by:

• Group Name

• Payout or Contribution Date

• Schedule Type: Weekly, bi-weekly, monthly, or custom.

By clicking on “My Money” you are able to see a more detailed result of your Woveo wallet activity and transactions.

Select a group to view more details about your contributions, transactions and expected Payout to support you better in your planning and financial management.

5. Depositing Funds into Your Woveo Wallet

To deposit money into your Woveo Wallet:

1. Navigate to the Deposit Funds section.

2. Enter the amount you wish to deposit.

3. Select Interac e-Transfer as the method of payment.

4. A money request will be sent to your registered email.

5. Follow the instructions in the email to complete the deposit.

Once the e-transfer is accepted, the funds will reflect in your Woveo Wallet and be available for use.

6. Cashing Out Funds from Your Woveo Wallet

You can withdraw funds from your Woveo Wallet directly to your linked bank account:

Steps:

1. Ensure you have a bank account linked and set as default.

2. Navigate to the Withdraw Funds section.

3. Choose your preferred withdrawal method:

• Instant Cashout (if supported)

• Bank Transfer

• Interac e-Transfer

4. Enter the amount and confirm the transaction.

Processing Times:

As part of Woveo’s Cash out options, the following timelines will apply to cashing out of funds from your Woveo wallet to your linked Canadian Bank Account.

• Bank Transfers: Typically 1–5 business days, depending on your bank’s processing times.

• Interac e-Transfers: Usually instant or same-day.

• Instant Cashouts: Processed immediately if available.

All cashouts will show up in your transaction history for transparency and tracking.

Confirming your Transaction

This is the final and crucial step to confirm your transaction and speaks to you being able to receive your wallet funds into your bank account. This is truly a point of success for members and speaks to the commitment of you as an individual.

7. Full Transaction Overview

To monitor your financial activity comprehensively:

• Go to View All Transactions from the dashboard.

• Filter by:

• Deposits

• Withdrawals

• Group Contributions

• Cashouts

• This unified view helps you track how your financial behaviors align with your savings or credit goals, offering insights into your spending and saving patterns.

Please Note: Members can only withdraw a maximum of $2,500 per cash out. For cashing out amounts above this, members will need to carry out separate transactions.