Sub-wallets

With Sub-wallets you can create separate wallets that can be only be used for specific purposes. You can for example create a Sub-wallet for advertising, so you are sure the budget in the Sub-wallet can only be used for advertising.

How does it work?

Sub-wallets are part of the main Pleo wallet, but have specific vendor card(s) or employees assigned to them that can use the funds. A vendor card or employee can only be assigned to one wallet - either the main wallet or a Sub-wallet, to make sure purchases are deducted from the right balance.

When assigning an employee to a sub-wallet, all of the employee’s personal cards will be assigned to the sub-wallet.
For example, if the employee has both a physical and a virtual card, spend made on both cards will be deducted from the sub-wallet. It is not possible at the moment to assign a user’s personal cards to separate wallets.

If a purchase is made with any of the assigned cards the purchase amount will be deducted from the sub-wallet
If a purchase is made with one of the cards assigned to the sub-wallet, but the purchase amount is higher than the available balance in the Sub-wallet, the purchase will be declined due to insufficient funds.

Good to know:

There are no minimum or maximum limits for the Sub-wallets
Creating Sub-wallets is free

Using Sub-wallets

Creating a Sub-wallet:

Log in to your Pleo account
Go to the Wallet page and you will see a Sub-wallet banner
Click on the banner and follow the steps to create it

Note:

Sub-wallets are currently only available to Beta testers, you'll not see the Sub-wallet banner if you are not part of the test
Admins and bookkeepers are able to create Sub-wallets

Moving funds to Sub-wallet:

Click on the Sub-wallet
Click on “Move money”
Fill in the amount you wish to move and then click on “Move money”

Note: At the moment, it is only possible to move funds from the main wallet to a Sub-wallet and back. To move funds between Sub-wallets, you first have to move them back to the main wallet and then to another Sub-wallet.

Assigning cards to a Sub-wallet:

Click on the Sub-wallet
Click on “Add a card”
Select the card you wish to add

Deleting a Sub-wallet:

Go to your Pleo Wallet
Click on the Sub-wallet you wish to delete
Scroll to top right corner and click on “…”, you will see the “Delete” option and you can click on that to delete that Sub-wallet.

Note: Once you delete a Sub-wallet, the remaining funds in the Sub-wallet will be automatically transferred to the main wallet, and the cards associated with the Sub-wallet will be reassigned to the main wallet.