Getting started with Wave Money

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.


Documents required to sign up

Sign up on the Wave Money app

Documents required to sign up

If you have a registered business and are signing up for Wave Money, there are a few documents required to approve your application. 

If your business is a sole proprietorship, you will only need a government-issued ID to sign up for Wave Money.

Here's what you need if you have a registered business that's not a sole proprietorship.

  1. A document to confirm your legal business name.

      • LLCs need to provide their Articles of Organization
      • Corporations need to provide their Articles of Incorporation
      • Nonprofits need to provide their Organizational Charter/Constitution or Certificate of Formation
  2. A copy of your EIN letter from the Department of Treasury. Alternatively, you can provide your most recent tax return to confirm your EIN.

  3. A government-issued photo ID.

If your business address does not match the documents provided to confirm your legal business name, or does not match the address registered on your state's website, additional documentation is required to verify the current business address. Provide one of the following documents for verification, which must show your business name and address:

    • The most recent bank statement for your business
    • A telephone or utility bill dated to the last 90 days
    • Any other bill your business has received in the last 90 days

If your business status is not captured on your state’s website, a Certificate of Good Standing may be requested while your documents are being reviewed. This may not be required in all cases. If you do not have one, you can contact your state to purchase it (fees will vary from state to state).

Sign up on the Wave Money app

Once you have your documents ready, follow these steps to sign up.

If you haven't downloaded the Wave Money app, see the instructions here.

  1. Open the Wave Money app, select Get Started to begin, then select Yes I was invited.
  2. On the login screen, enter your Wave credentials for the business which was invited to Wave Money, and select Sign in.
  3. On the next page, you can enable face ID and/or touch ID, or choose to enable it later under Settings. You can also turn this off under Settings.
  4. Select Yes, I'm the only owner to confirm if your business has a single owner and if the following statement is true for your business: "I am the only person who legally owns and controls 25% or more of the business”.
    If you have multiple Wave businesses, select which business you'd like to sign up with, as Wave Money can only be set up for one business.

    Wave Money is not currently available to multi-owner businesses. You can sign up to be notified when Wave Money is available for you by clicking Email me when Wave Money is available.

  5. Get ready with your government-issued photo ID and business registration documents (if you’re not a Sole Proprietor), and select Let’s go to continue.
  6. Personalize your new Wave Visa Business Debit card by entering your business name, then select Preview to see how your card will look when it arrives.
  7. Select Edit if you want to make any changes. Otherwise, click Confirm card name.
  8. Select your business type (you can see a description of each business type when you select it). Then select Continue.
  9. Upload your business registration documents depending on your business type. This can be attached in a variety of different formats. You can upload up to 5 documents at a maximum size of 25MB each by selecting Attach your document(s). Select Continue once you have uploaded all documents.
  10. Enter your business details, then select Continue.
  11. We require you to upload a valid form of personal identification. Select the type of photo ID you want to upload from the drop-down menu, then click Continue.

    You will need to allow Wave Money to access your phone’s camera before you can upload your ID.

  12. Using your phone’s camera, align the front of the ID with the four corners shown on the screen, and take a clear image of the front of your photo ID. Select Continue with this photo to move to the back of the ID upload, or select Re-take photo to replace the image.

    If the app is having trouble capturing your ID, try again, making sure the image is fully visible, glare-free and not blurry.

  13. Now turn the ID over and take an image of the back.
  14. Enter your personal information. The address entered here will be used as your shipping address for your new Wave Visa Business Debit Card. The cell number and email address you enter here will need to be verified in the next step.
  15. Enter the code sent by SMS to verify your phone number.
  16. To verify your email, click on the link sent to your email address. Select Got it! to move to the next step.
  17. Read the Terms and Conditions displayed, then select the checkboxes and then Submit if you agree to them.

Once you’ve finished these steps to sign up, your information will be reviewed. This will take two business days, and you will receive an email once the process is complete. Twenty-four hours later you will see a notification advising you that your card has been shipped.

Your card should arrive within 5 business days but can take up to 2 weeks.

Once you receive the card, select Ready to Activate in your Wave Money app. To activate the card, call 1-888-742-5049, select Option 1, and follow the prompts. Once your card is activated, select Card activated on the Wave Money app.

You are now ready to begin using your Wave Money app and all the features that come with it. To add your Wave Money account as your default Wave Payments payout account, follow these steps.