Setting up your Wave Save Account

Opening your Wave Save account is simple. Follow these simple steps:

1. When you open our mobile app or online banking via the website, you will see a banner titled ‘Open an Wave Save Account’. Click on the link and our Member Services team will open the account for you.

2. Once the account has been opened, you will see a banner on your accounts screen telling you to set up your savings goals. Click on the ‘+’ to set up a goal.

3. For each goal you set up, you will be asked to set a target amount you are aiming to save and you can choose an emoji to illustrate what each goal is for – Christmas, a car, a holiday etc. Use the slider to set a target date and the app will calculate how much you need to save each month to reach your goal by the date you have chosen. You can set up to 10 savings goals.

4. To pay into your goal accounts, you pay money into Wave Community Bank in the usual way and this money will then be available for you to transfer into your goal accounts from your Share account.

5. Remember if you have a loan you need to pay into your Share 2 account to be able to transfer the money into Wave Save as your Share 1 account is kept as collateral against your loan. Do this using the usual reference for paying in, with Sh2 at the end – e.g 0123 A Example Sh2 (MemberNumber Initial Surname Sh2).