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How to move funds from Mimo Balance

Written by Emelie
Updated yesterday

Prefer to follow along in the platform?

You can launch the interactive step-by-step guide here → [product tour]

This guide applies to clients who already have a Mimo Wallet set up but may still have funds remaining in their Mimo Balance account. Before 1 May 2026, any remaining funds must be removed from Balance. All new transfers into Mimo should be made using the Wallet details.

Step 1: Use Wallet details for new transfers

To ensure funds are sent to the correct account going forward:

  1. Go to Wallets → Manage funds

  2. Select the relevant wallet (GBP or EUR)

  3. Choose the transfer type (Local or SWIFT) and method

  4. Use the displayed details for all future transfers into Mimo

Balance account details should no longer be used for incoming transfers.


Step 2: Move any remaining funds from Balance

If the client still has funds in Balance and you’d like to move them to the Wallet, you can transfer GBP Balance → GBP Wallet or EUR Balance → EUR Wallet using the Wallet bank details.

Here’s how:

  • Copy the relevant Wallet bank details (GBP or EUR): Wallets → Manage funds

  • Withdraw from Balance using those details: Balance → Manage funds → Withdrawal

Timing

  • GBP transfers are usually instant (via Faster Payments)

  • EUR transfers may take 1–2 business days to arrive.

Prefer to withdraw funds to the client’s regular bank account instead?

Go to: Balance → Manage funds → Withdrawal and enter the bank details.


Step 3: Confirm reconciliation mappings

If the client previously used Balance, you’ll need to confirm that Wallet account mappings are set up correctly to ensure transactions reconcile properly.

To check:

  • Go to Settings → Reconciliation

  • Set up account mappings for the Wallet accounts

If automatic mapping doesn’t apply, select Custom and manually configure.


Need help?

If you’d like assistance, message us in-app, reply to this email, or book a walkthrough here: [link]

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