--- title: "One account to manage your working capital | Wayflyer" description: "Financing, payments, interest-bearing business checking and Intelligence insights, all in one Wayflyer working capital account. Apply in 10 minutes." canonical: "https://wayflyer.com/working-capital-account" locale: "en" --- # One account to manage your working capital. Move money, earn interest, manage cashflow and access the growth capital you need. All in one Wayflyer account. [Apply now](https://app.wayflyer.com/authn/signup) Wayflyer is a financial technology company and is not an FDIC-insured bank. Banking services provided by Thread Bank, Member FDIC. FDIC deposit insurance covers the failure of an insured bank. Certain conditions must be satisfied for pass-through deposit insurance coverage to apply. ## Apply in 10 minutes · Get your financing limit in hours · Put your funds to work in seconds ## Receive financing. Pay suppliers. Earn interest. Get insights. All from one working capital account. ### Financing at your fingertips A live working capital balance in your account, up to 8x a traditional overdraft and scaling with your business. ### Global payments, minus the fees Pay suppliers in a click, with free same-day ACH, free USD international wires and a flat 1% FX rate on non-USD payments. ### 2.68% APY on your deposits Earn interest on all checking deposits, with no minimum balance requirements or tiering. ### Intelligent performance insights Our world-class underwriting expertise, now in your hands, with an Intelligence agent that uncovers your next move. ## Set up your account in minutes, then access financing whenever you need it. 1. **Apply online in 10 minutes.** No in-person visits or paperwork, just 10 minutes to set up your account and data connections. It’s free to open, with no monthly fees or setup costs. 2. **Get your limit in hours.** Once you're connected, we'll deliver your approved limit in hours. From then on, you'll always know what you can access, and draw down what you need, when you need it. 3. **Put your funds to work in seconds.** Send international payments, earn interest, or ask Intelligence for your next big move, all in a couple of clicks. ## Built for security and control so you can grow with confidence. - **FDIC insurance up to $3M** — FDIC insurance up to $3M for funds on deposit via Thread Bank. That's 12x the standard limit. - **Robust access controls** — Multi-factor authentication, user-level permissions and ongoing fraud monitoring. - **Native mobile app** — Mobile access to your account, so you can manage payments from wherever you are. - **Dedicated account support** — Rapid responses to support queries and an account manager for financing questions. > “The live balance makes a lot of sense for where we're at. Having funds available without the back-and-forth is exactly what we need as we scale rapidly into two or three new markets.” > > Jake Bond, Co-Founder & CEO of K&B Panels ## Frequently asked questions **What is a working capital account?** The Wayflyer working capital account combines financing, banking, and AI analytics in one place, with a live balance of available funds that grows with your business. Since launching in 2020, Wayflyer has deployed over $7b to more than 7,000 businesses. **What are the eligibility requirements?** Bank account and features such as payments and interest on deposits are currently available subject to criteria: • You must be a US-based company • You must sell physical products • Your primary sales channel should include online sales • Your business must have been operating for at least 6 months Companies in retail, software or services that have been trading for 2+ years, and companies in other regions, can still access financing products and Wayflyer Intelligence, with access to banking products expanding soon. **How much working capital can I access?** Wayflyer offers financing from $10,000 to $20 million, tailored to your stage of growth. Your limit is based on your current business performance and grows as your business does, so you always know what you can access and can draw down what you need, when you need it. There are no spend restrictions: use funds for inventory, marketing, hiring, receivables, equipment or everyday cash flow. **How quickly can I apply and receive funds?** Applying takes less than 10 minutes, and once your data is connected you receive your approved limit in hours. When you're ready to draw, funds land in your account in as little as 24 hours. **Do I need good credit, and will applying affect my credit score?** No. Financing decisions are based on your business performance, not your personal credit history. Wayflyer runs a soft credit check when reviewing your application, so applying won't affect your credit score, and Wayflyer doesn't ask for personal guarantees. **What documents do I need to apply?** You don't need lengthy paperwork. You connect your sales data and bank account so Wayflyer can review your business performance. For larger financing amounts, Wayflyer may also ask for financial accounts. **Are there monthly fees or setup costs?** No. A Wayflyer working capital account has no monthly fees or setup costs, and you can open one in minutes. Financing carries a single fixed fee agreed upfront, with no origination, prepayment, late payment or hidden fees, so you see the exact total repayment amount before you commit. **How do repayments work?** Repayments depend on the financing structure you choose: fixed payments with a Term Loan, or a percentage of revenue with a Cash Advance. Either way, the total repayment amount is agreed before you accept your offer. **Does the Wayflyer working capital account pay interest?** Yes. It's an interest-bearing business checking account that pays 2.68% APY on all deposits, with no minimum balance requirement and no tiering, so your whole balance earns the same rate. **Are my deposits FDIC insured?** Funds on deposit are eligible for FDIC insurance up to $3M via Thread Bank, which is 12x the standard limit. Wayflyer is a financial technology company and not an FDIC-insured bank. FDIC deposit insurance covers the failure of an insured bank, and certain conditions must be satisfied for pass-through deposit insurance coverage to apply. **How do I send payments to suppliers?** You pay suppliers from your Wayflyer account at the click of a button. Same-day ACH and USD international wires are free, and non-USD payments carry a flat 1% currency exchange fee. **How secure is my Wayflyer account?** Wayflyer offers multi-factor authentication, user-level permissions and ongoing fraud monitoring. You can manage your working capital from anywhere with the native mobile app, and get rapid responses to support queries plus an account manager for financing questions. **What is Wayflyer Intelligence?** Intelligence is Wayflyer's analytics agent. It works on your data around the clock, flagging what matters to your cashflow and surfacing your next move, and you can ask it questions such as how revenue trended across the last quarter. ## The future of financing is available today. [See how much you could access](https://app.wayflyer.com/authn/signup)