Small business banking has never been better

Wave Money is our free business banking account with built-in bookkeeping.

Wave small business debit card

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.

Keep more of your money

No monthly fees, account minimums, transfer fees, or long-term commitments.1

Get faster access to funds

Eligible customers get free Instant Payouts and can access money as soon as they’re paid.2

Cut down on bookkeeping

This banking account syncs with Wave Accounting, saving time and making tax prep a breeze.

Show me the money!

Sign up for Wave
Small business owner using their Wave Money business debit card

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
A headshot of a Wave customer

Getting paid through Wave Money is much easier and faster than it was through my previous banking provider.

Jordan Pallesen - Julep Marketing

Free doesn't mean fewer features

See how our business banking account outshines others.

Your old bank account


Often $500 – $5,000 minimum balance, with monthly fees of $20+
No account minimums or monthly fees1
Up to 1.5% fee per transfer, if available at all
Free Instant Payouts for eligible users2
Up to $70 per month for third-party accounting software
Free built-in bookkeeping
Might have mobile check deposit
Mobile check deposit3
Up to $3 per ATM withdrawal at non-participating banks
Largest free ATM network in the US4
Get out your checkbook, envelopes, and stamps
Pay vendors and contractors via email for free
Up to $3 per ACH transfer
Free ACH transfers
Apple Pay not always supported
Apple Pay, Google Pay and Samsung Pay supported
Up to $5 per debit transaction
Free pre-authorized debits
Integrations often not available
Connect 3rd party payment processors
FDIC insurance for up to $250,000
FDIC insurance for up to $250,0005

Frequently Asked Questions

How do I get started with Wave Money?

What do you mean by no fees?

No fees? How do you make money?

Are you a regulated bank?

Are you FDIC insured and what does that mean?

Is a credit check required to open a Wave Money account?

My business has many owners. Can we all use Wave Money?

Where can I use the Wave debit card?

Where can I withdraw money without incurring fees?

How does Wave handle my data?

You said no monthly fees, are there any other fees?

1. Standard Wave online payments processing fees still apply.

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.
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