Sendwave Pay Benefits

What do you get with a Sendwave Pay account

Better rates on your transfers

  • With Sendwave Pay, you get better rates or lower fees on your transfers with Sendwave

  • Send more money home for less

How to unlock:

  1. Deposit funds into your Sendwave Pay account

  2. Use Sendwave Pay as your primary payment method when you send money overseas


International Debit Card

  • Get reimbursed for foreign transaction fees when you use your Sendwave Pay card outside the US

How to unlock:

  1. After account approval, wait up to 2 weeks for your debit card to arrive

  2. Activate your debit card

  3. Fund your account to use your debit card


No hidden fees

  • No account creation fees

  • No minimum balance or account maintenance fees

  • No overdraft fees

Automatically available


Earn 0.51% interest

Earn interest on any funds kept in your Sendwave Pay accountInterest is earned automatically and paid monthly to your account

How to unlock:

  1. Deposit funds into your Sendwave Pay account


FDIC insured

  • Your account is insured up to $250,000

  • Sendwave Pay accounts are FDIC insured through Piermont Bank

Automatically available

What Else We’re Considering

Cash back on Debit Card Purchases

With cash back on your debit card purchases, you automatically earn money back on everything you buy with your Sendwave Pay card. This cash back is added to your account monthly to send with Sendwave or to spend with your Sendwave Pay debit card.


Mobile Deposits

Getting money into your Sendwave Pay account should be easy. We’re working on more ways to make that true, including things like mobile check deposit. With mobile check deposit, you can scan your check and have the funds quickly and easily deposited directly into your Sendwave Pay account.


Referral Bonuses

With referral bonuses, you’ll be able to gain credit for telling your loved ones about Sendwave Pay! You’ll be able to share your unique code with your friends and family and once they’ve set up their Sendwave Pay account and completed their first transfer, you’ll receive a bonus added to your Sendwave Pay account as our thanks.


Rainy Day Fund

We know cash can be tight at times which makes paying for emergency expenses stressful . With the rainy day fund, each month you spend a specific amount on your Sendwave Pay debit card, likely around $800, you’ll receive $50 into your rainy day fund. You can save up to a max of $200 into your rainy day fund. Then, when an emergency expense does come up, you can use the rainy day fund to cover those expenses and pay Sendwave back, interest free, over the coming months.


Credit Building

Typical banks don’t consider transfers you make abroad as part of your credit history or allow you to help use those to build your credit score. We want to change that.  We think they should count and you should get the credit! We’re exploring ways to use your sending history with Sendwave and Sendwave Pay as a way to help build and improve your credit score, with no added work on your side.