Small business banking has never been better
Wave Money is our free business banking account with built-in bookkeeping.
NOTE: Currently only available to single-owner businesses in the United States with a Wave account. Approval for Wave Money is subject to identity verification and review.
No monthly fees, account minimums, transfer fees, or long-term commitments.1
Eligible customers get free Instant Payouts and can access money as soon as they’re paid.2
This banking account syncs with Wave Accounting, saving time and making tax prep a breeze.
What is Wave Money?
Wave Money is a banking account for small business owners that includes a Visa® business debit card and virtual card in one mobile app (which also includes invoicing and payments!). Here are just a few of the benefits:
- An easier tax season, since you can keep business and personal transactions separate
- On-the-go check deposit and income-tracking via your mobile device
- Less time updating records, with automatic expense categorization and bookkeeping
- Faster access to money with free Instant Payouts2
Getting paid through Wave Money is much easier and faster than it was through my previous banking provider.
Free doesn't mean fewer features
See how our business banking account outshines others.
Your old bank account
Frequently Asked Questions
2. Free Instant Payouts: Includes use of Instant Payouts without the additional cost. Instant Payout is an additional service offered by Wave subject to eligibility criteria. Standard Wave payment processing fees apply when using Wave Money. Deposits are sent to the bank account linked to your Wave Money Debit Card or another eligible debit card in up to 30 minutes. Deposit times may vary for third party delays.
3. Once deposited, checks require 5-8 business days before funds can be accessed. Maximum $10,000 USD per deposit and $50,000 USD in mobile check deposits per calendar month.
4. Largest free ATM network in the US. (Note that if you use an out-of-network ATM, that ATM operator may charge a service fee).
5. Banking services provided by Community Federal Savings Bank, member FDIC. The Wave Money account is FDIC insured for up to $250,000, limitations apply. The Wave Money Visa® Debit Card is issued by Community Federal Savings Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.