1. So great for accounting software, not great yet as a bank accountI've been a Wave Accounting user for years and highly recommend.
2. also, no savings account so no way of keeping retained earnings in Wave.It was ok for the first month or so, but now the app is coming "unplugged" every couple of seconds.
3. Actual business bank account were immediately available up to a certain amount and deposited next day as it has for years.
4. Second, the mobile deposit feature makes you wait over a week to access your funds after the deposit activity which is deadly for small business owners like myself.
5. Love wave for my business, this service not so much.app is pretty buggy and often shuts down.
6. And you can't change or view your business address for the bank account.
7. First wave shows as prepaid so I can't use it to pay some of my professional bills such as my commercial auto insurance.
8. No go! APP FAILURE! UPDATE: Today is 06/26/21 and I just received another invite link from Wave to download this app.
9. Now, they really suck.works well with Wave accounting, which is the selling point.
10. I originally signed in with my business Google account.
11. But there are some important bank features missing like no bank statements which posed any issue when I applied for an SBA loan as they wanted bank statements.