Wave Money is currently in limited release and available by invitation only. If you haven’t received an invitation, learn more about Wave Money here.
Email money transfer allows you to easily and securely send funds from your Wave Money to a recipient using email.
- From the Dashboard of your Wave Money app, select Send Money.
- Enter the amount to send
- Select a previous payee or enter a new recipient.
- Fill in all of the required fields on the page
- Confirm the amount, name and email before selecting Send Now.
The funds are usually deposited in 3-4 business days after the recipient accepts the transfer. This can take up to 7 business days.
1. Once you have sent the email, the recipient should receive an email which looks like this!
2. Selecting the Deposit Now option in the email will redirect them to a secure portal where they can begin the acceptance of the funds. On this screen, select Continue.
3. The recipient will need to correctly answer the security question, provided when you sent the initial transfer. The recipient will have 3 attempts to answer this correctly. If incorrectly answered 3 times, the transfer is cancelled.
4. After successfully answering the security question, the business owner will then be asked which financial institution they would like to use to deposit the funds. They can either select from our most popular financial institutions or search for theirs using the search bar.
5. Selecting their financial institution opens up a secure login portal to their online banking. After successfully logging in, they can then choose which account they would like to deposit the funds into.
6. The recipient is then greeted with a confirmation screen which confirms the account the funds will be deposited to, the 3-4 business day timeline for the deposit, and the optional message you entered when sending the email. They also have the option to save their bank account for even faster email transfers in the future! Selecting accept transfer then begins the transfer timeline!
Send money to payees straight from your Wave Money account via ACH transfer.
- From the dashboard of your Wave Money app, click Send money.
- If this is your first time sending money to this payee, add a new payee. You’ll need their:
- Routing number
- Account number
- Enter the amount you want to send and the payee’s name.
- Click Send ACH transfer.
The funds will be automatically deposited into your payee’s bank account usually in 2-3 business days. This can take up to 7 business days.