Frequently asked questions about Wave Money and the Wave Visa Business Debit Card

The Wave Visa Business Debit Card is designed for small business owners like you! It is a new way to move and manage your money, Offering free instant Wave payouts, easy financial tracking, and no fees of any kind. The Wave Visa Business Debit Card can help improve your business’s cash flow and save time on your bookkeeping, freeing you up to spend more time growing your business.

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.


What are the fees?

Your Wave Money account and Wave Visa Business Debit Card are 100% free. There is no fee to open your account, no monthly fees, no transaction fees, and no fees for cash withdrawal on our surcharge-free ATM network. Wave won’t charge you a fee unless we incur one, and if we do, we’ll never mark it up.

With that said, there are two instances where you will be charged fees.

If you use an out-of-network ATM for any transaction, including checking your account balance, that ATM provider may charge you a fee. This ATM fee is a third party amount assessed by the individual ATM operator only and is not assessed by Wave. This ATM fee will be charged to your Wave Money account.

Wave’s standard processing fees apply to all payments received using Wave Payments to your Wave Money account. View Wave’s payment processing fees here:

If you have more questions about Wave Payment processing fees, reach out to Wave’s chatbot, Mave, by clicking on the chat icon at the bottom right. Enter your questions here, and Mave will assist you in getting the answers you’re looking for.

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

Wave Money currently supports single-owner businesses. You’ll hear from us when this changes.

Are all ATMs free?

The Wave Visa Business Debit Card connects with a network of thousands of ATMs across the country to offer you surcharge-free cash withdrawals.

To find a free ATM, tap Find an ATM near you at the bottom of the Wave Money dashboard.

If you use an ATM that’s outside our network for any transaction, including checking your account balance, that ATM provider may charge you a fee. This ATM fee is a third party amount determined by the individual ATM operator only, and is not determined by Wave. This ATM fee will be charged to your Wave Money account.

Can I get a second Wave Visa Business Debit Card for my business?

Right now, you can only get one Wave Visa Business Debit Card per business.

What if I lose or damage my card?

Open your Wave money app, and on the dashboard, click on the image of your card. Then scroll down to the Security section, and report your card as lost, stolen, or damaged.

If you mark your card as lost or stolen, we will cancel that card and mail you a new card with a different card number.

If you mark your card as damaged, we will mail you a replacement card with the same card number. While you wait for the replacement card to arrive, you will still be able to use your card number to make online purchases.

When you receive your new or replacement card, activate it by calling the number on the back of your Wave Visa Business Debit Card.

When will my Wave Visa Business Debit Card arrive?

Whether you’ve signed up for the first time or requested a replacement card, you can expect to receive your Wave Visa Business Debit Card in the mail in 5-7 business days. If you haven't received your card in two weeks, click the question mark in the top right corner of your Wave Money app to reach out to our customer support team.

How do I find my account and routing numbers?

In the Wave Money app, select Settings from the Dashboard. (If you’re on another page, first click the Back arrow until you reach the Dashboard.) Your account and routing numbers will be displayed at the top of the Settings page.

How do I change my personal identification number (PIN)?

You can reset your PIN by going to the Security section in your Wave Money app, clicking the image of your card, and selecting Change Pin under ‘Security’.

Is my data secure?

Yes. Wave will never share or sell your data. We may make some of your information available to our banking partner, Community Federal Savings Bank (CFSB), an FDIC-insured institution. CFSB uses this data as set forth in its privacy policy. You can access Wave’s Privacy Policy, Terms of Use and Security Policy on the web, or in the Wave Money app under Settings.

You can also freeze your Wave Visa Business Debit Card in-app at any time if you need to. When you freeze your card, you’ll still be able to access Instant Payouts and the Wave Money app, but your Wave Visa Business Debit Card will be disabled from making payments in person or online.

What happens when I make Wave Money my payout account?

Updating your payout account to your Wave Money account means all invoice payments processed through Wave are eligible for free Instant Payouts!

Making Wave Money your payout account also means that all payments you receive through Wave will be deposited to your Wave Money account, We’ll send you an email any time you have an Instant Payout available.

To update your payout account in the Wave Money app, click on Settings, then Payouts from your main Wave account or from the Wave Invoice app.

Do Wave Money transactions import to Wave accounting?

Yes! All transactions in your Wave Money account will automatically import to Wave Accounting. You will also notice a default Wave Money asset account is automatically created in your Chart of Accounts.

Learn how transactions are bookkept in Wave Accounting in How does Wave Money sync with my accounting?

Is this a bank account? 

Wave Money is a business checking account with a companion debit card and mobile app. 

How can I view Wave Money information on my Wave desktop app?

We don’t have a plan for a desktop app at this time.

Which option do I select at the ATM

When withdrawing funds from an ATM, you will need to select the Checking Account or Business Checking Account option for a successful withdrawal.

My ATM withdrawal failed. How do I resolve this?

You may have exceeded your ATM withdrawal limits, which would prevent the transaction from processing. You can check the account limits for ATM withdrawals in-app by navigating to Settings > Account Limits . If you are attempting to withdraw your maximum ATM withdrawal amount and running in to issues, try withdrawing this in increments. For example, instead of one $400 withdrawal, try a $380 withdrawal, followed by a $20 withdrawal.

Can I deposit checks?

You can! Wave Money has a check deposit feature which allows you to take a picture of a check your receive and have this deposit in to your account in 5-8 business days after a successful capture.

Can I log in through Google?

When signing up for Wave Money, you can sign in using your Google account, much like you would when logging in to Wave! Please note that this will only allow you to sign in to Wave Money if your Google account was invited to Wave Money.