The Prosper Wallet is a simple and flexible way to deposit money so you're ready to open a savings product or add funds to an investment product.
You fund your Wallet via bank transfer from your nominated account, just like you would for any other payment. The difference is that once the deposit lands in your Wallet, it stays there until you're ready to use it — no need to set up a new transfer every time. This gives you the flexibility to act quickly when opportunities become available, without waiting for payments to clear.
It’s a smoother, more convenient way to manage how and when you put your money to work — across both saving and investing.
* Please note that funds sitting in your Prosper Wallet will not be accruing any interest.
How It Works
1. Top Up Your Wallet
Make a bank transfer from your nominated account into your Prosper Wallet. You’ll see the balance appear once the funds arrive.
2. Use Your Balance
You can then use your Prosper Wallet to:
Add funds to a new or existing savings product
Add funds to a new or existing investment product
3. Withdraw Anytime (If funds are available in your Wallet)
If you’ve added funds but haven’t yet allocated them into a product, you can withdraw the available balance back to your nominated bank account at any time.
What are the benefits
Speed – Be ready to act as soon as a savings or investment opportunity becomes available.
Simplicity – You can fund once and use your balance as needed.
*Please note, some banks may have limits on how much or how often you can transfer.
Flexibility – Withdraw available money whenever you like.
Visibility – Always see exactly what’s available and what’s been allocated.
Need Help?
If you have any questions about using your Prosper Wallet — whether it’s funding, withdrawals, or product access — just reach out via in-app chat or email. We're always happy to help.