To help automate your bookkeeping and save you time, Wave has partnered with a bank data provider, Plaid, to import transaction data from your connected financial institutions.
As a bank data provider, Plaid is able to view posted transaction data from any connected accounts. The transaction import process looks like this:
- You authorize Plaid to establish a read-only connection to your financial institution
- Plaid pulls in posted transaction data as it becomes available and immediately provides it to Wave
- This transaction data is displayed in your Wave account
Is it safe to connect a financial institution to Wave?
My institution is connected but my transactions are not importing. What can I do?
Depending on your institution, it may take up to 7 days after a transaction occurs for it to show up in Wave. If you are still not seeing any updates after 7 days, please see this article for help with troubleshooting your bank connection.
Bank connections are available to businesses in the US and Canada. Please log into your Wave account to view this content or learn how to upload bank or credit card statements.