What is the Main Wallet and How Do I Fund It?

What is the Main Wallet and How Do I Fund It?

What is the Main Wallet and How Do I Fund It?

Introduction

Your Main Wallet is the central account in Fara where all incoming funds are first stored. Think of it as your starting point. From here, you can convert funds into different currencies, move them into project wallets, or pay vendors directly.

What is the Main Wallet?

  • The Main Wallet is created automatically when you sign up on Fara.

  • It holds your primary balance before you distribute it into sub-wallets or projects.

  • All funding activities (via bank transfer, card, or other supported methods) start here.

Why Use the Main Wallet?

  • Flexibility: Keep funds in one place before deciding how to allocate.

  • Transparency: View all incoming transactions clearly before moving them.

  • Control: Decide when and how to convert funds into local currencies or project wallets.

How to Fund the Main Wallet

Follow these steps to add money to your Main Wallet:

  1. Log In

    • Access your Fara account and go to the dashboard.

  2. Select Fund Wallet

    • Click on Fund Wallet.

    • Choose Main Wallet as the destination.

  3. Pick a Funding Method

    • Select from available options (e.g., bank transfer, card, or mobile payment, depending on what Fara supports).

  4. Follow the Instructions

    • Fara will display the account details or payment steps for the chosen method.

    • Always include your unique reference code to ensure the funds are matched correctly.

  5. Confirmation

    • Once payment is received, your Main Wallet balance will be updated.

    • You’ll receive a confirmation notification in-app or by email.

Notes & Tips

  • Transfers usually reflect within a short period, depending on the payment method.

  • If your funds do not show after the expected time, contact Support and share your transaction receipt.

  • Always double-check account details before sending money.

FAQ

Q: Can I skip the Main Wallet and fund a project wallet directly?
A: No, all funds go into the Main Wallet first. You can then move money into project wallets as needed.

Q: Are there limits to how much I can fund at once?
A: Funding limits may apply depending on your account verification level. Check your profile settings for details.

Q: Do I need to create the Main Wallet separately?
A: No, it’s automatically set up for you when you open a Fara account.

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