Waflyer offers US customers a business banking solution through Thread bank for clients already working with us as a source of capital. These accounts offer a convenient banking solution which pairs with our funding product to provide quick and streamlined access to funds, while also offering numerous banking products and services.
Interest bearing checking accounts
The Wayflyer checking accounts offer a generous interest rate for all checking accounts, so you do not have to transfer funds to and from savings accounts in order to earn interest. This is a variable APY based on the FFR, currently 3.03%.
Free ACH and debit transactions
The Wayflyer banking offering has free ACH and debit transactions for all accounts, as well as immediate transfers between accounts.
Multiple checking accounts
Multiple accounts to better organize your funds to fit your own business needs.
FDIC insurance
Feel secure in your finances knowing you are insured up to $3 million. FDIC Insurance up to $3 million is available for funds on deposit through Thread Bank, Member FDIC.
Wayflyer is a financial technology company and is not a bank. Banking services provided by Thread Bank, Member FDIC.
Debit Cards and ATMs
Open multiple debit cards, both digital and physical, in order to segment and structure your business expenses. The Wayflyer offering allows variable limits to be set on individual cards in order to better track and monitor your spend for different needs. Also access to Allpoint ATMs to easily withdraw or deposit cash.
Digital check deposit
Easy to use digital check deposits from your phone or on your computer in order to deposit checks quickly and easily without having to go to a bank.
Inexpensive fedwires for fast transfer of funds
Send wires for only $10.00, in order to quickly transfer funds to needed accounts.
For support questions for the Wayflyer Banking product, please do not hesitate to reach out to [email protected].
Wayflyer is a financial technology company and is not a bank. Banking services provided by Thread Bank, Member FDIC. The Wayflyer Visa debit card is issued by Thread Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used anywhere Visa cards are accepted. FDIC insurance is available for funds on deposit through Thread Bank, Member FDIC. Pass-through insurance coverage is subject to conditions.
Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://thread.bank/sweep-disclosure/ and a list of program banks at https://thread.bank/program-banks/. Please contact [email protected] with questions on the sweep program. Pass-through insurance coverage is subject to conditions.