Magnificent question. Your Wallet holds cash and is used to power Formulas. This provides four main benefits:
Your formulas can work faster. Otherwise waiting on bank account transfers to complete can be no fun.
We provide predictable deposits from your bank account. Setup an auto-deposit from your bank account to your Wallet to keep it well-funded and ready to go. Regardless of when your formulas work, they use your Wallet so that you don’t have to worry about bank transfers.
We help protect against overdrafts. Rather than using your bank account (which can have overdraft fees) to power Formulas, we use your Wallet to fund your formula transfers. Even better? When your Wallet balance is low, we also let you know.
We minimize the number of bank account transfers you need to do. Less is more since we know some banks limit the number of transfers you’re allowed each month.