Wedge is designed to give users the ability to spend with any asset that they have in their Wedge wallet, anywhere. Wedge securely connects to a user’s existing checking account via Plaid Inc., an industry standard in banking security and connectivity. Once this connection is made, Wedge issues the user a Wedge debit card. This card can be used just like any other credit/debit card for in-store or online transactions. Within the Wedge App, users can buy and sell stocks, bonds and cryptocurrency, just as they would though any other online trading platform. What is unique about Wedge is what happens when the card is used for a transaction – as soon as a user swipes the Wedge Card, they are sent a notification that enables them to select which asset they’d like to use for the transaction and lists out how much could be saved by using any of the assets currently held in their Wedge wallet. No more waiting for trades to clear and cash to move from one account to another - for the first time, a user can spend with anything, anywhere, and save money in the process.

No. Unlike other apps, Wedge does not require you to set up a new checking account. Keep your existing account, and super-charge its capacity to make money for you by connecting it to Wedge and get access to the ability to spend using assets.

Federal law requires us to obtain, verify, and record information that identifies each person who signs up for a Wedge Card.

What this means for you: When you sign up for a Wedge Card, we will ask for your name, address, date of birth, and other information that will allow us to verify your identity. Wedge partners with Persona a leading identity verification platform to safely and securely confirm your identity.

As a registered investment advisory firm (RIA), Wedge is required to satisfy the Know-Your-Customer guidelines outlined by the US and SEC. These guidelines require Wedge to collect the information necessary to validate a user’s identity and prepare and issue tax-related documents and statements related to the trading of securities through our platform. Wedge utilizes bank-level security and undergoes audits to validate that user’s information is safe and secure.

Wedge uses Plaid Inc., an industry standard in banking security and connectivity, to generate a secure token that enables Wedge to monitor a user’s checking account balance and ACH funds needed to cover transactions and asset purchases. Wedge does not have access to your banking login credentials.

Yes, absolutely. Wedge is safe and secure. We’re very serious about protecting you. Wedge has partnered with the best and most secure fintech leaders in the business. Wedge does not have access to your banking login credentials. Wedge uses Two-Factor Authentication to prevent unauthorized access, so your Wedge wallet is safe.

Yes. Wedge charges a user a recurring monthly fee ($0.99 or $3.99 based on subscription plan). To terminate your Wedge service, please go to Settings->Profile Settings -> Deactivate Account in the Wedge App. After you do so, you will have 30 days to either use, or liquidate/trade your assets in the Wedge wallet. If you do not, Wedge will sell the assets at the current market price, and ACH the associated funds (less ACH fees) to your connected checking account.

Our monthly subscription fee is $3.99 per month. The full pricing sheet can be found here here.

Easy. Just use your card as you would any other credit/debit card. Wedge will notify you when you have transactions that can be paid for with assets. Just click the notification, or log into the app, and pick whichever asset you want to use that will save you the most money.

The savings dollars are equivalent to one’s “gain” on a traditional buy/sell position when trading stocks.

The savings percentages that are displayed in the Wedge app are calculated by subtracting the purchase price (cost basis) of an asset from the selling price of that asset and dividing that result (your potential profit) by the initial purchase price (cost basis). The dollars saved is calculated by multiplying this percentage by the transaction amount made with your Wedge Card when a purchase is made.

For example, let’s assume a user buys $10 of XYZ stock, at a market price/cost basis of $100/share (so the user now owns 0.1 shares of company XYZ stock). Later in the year, the user decides to buy a $2.00 cup of coffee with the Wedge card and use a portion of their XYZ stock for the transaction. Now, the market price of XYZ stock is $150/share. As such, the user’s XYZ stock is now worth $15 (if the user sold all of their XYZ stock, they would earn $5 in profit). To calculate the dollars saved, Wedge subtracts the purchase price of the shares ($10) from the current sell price of the shares ($15) and divides the result ($5) by the initial purchase price ($10). This allows the users to see that they could achieve a 50% savings on their cup of coffee. To calculate the Savings Dollars, Wedge multiplies this result (50%) by the total purchase price ($2) to yield a savings (or gain) of $1!

What’s more, the user still owns $13 worth of XYZ stock (Wedge will only liquidate the amount of stock required to cover the transaction cost), that they can use for future purchases.

If the user has stock positions at multiple cost basis (for example, if they have set up a weekly recurring investment in a stock, and have multiple purchase prices that are required to fund a transaction), Wedge will liquidate the most efficient stock position first, and then sequentially in order of costs basis that can provide the user with the greatest savings at the time a transaction is made.

Wedge has partnered with some of the best and most secure businesses in the industry. In addition to being able to keep your money in your existing FDIC-insured bank account, your securities are held by our broker-dealer partner, Alpaca Markets LLC, Member FINRA/SPIC, and your cryptocurrency is held by Gemini Trust Company, LLC, a trusted cryptocurrency custodians US. Money deposited into your Wedge deposit account is held by Evolve Bank & Trust, Member FDIC. Your money and your assets remain held by partners that have some of the best security and insurance policies on the market.

With Wedge, not only can you pay with any of your assets anywhere you use the Wedge app, but you can pay using multiple assets as well. For example, if you want to buy a $20 pizza, but you only have $10 of Bitcoin, you can choose to pay for a portion of the transaction using Bitcoin, and the rest of the transaction using any other asset in your portfolio, or cash.

Wedge incentivizes good financial planning and savings through the Awards program that can be found on the Stats page in the app. As a user achieves certain metrics, the award for that metric will turn from grey to purple. As a user collects more awards, they will unlock new benefits though the Wedge app. Current awards include:

“3 Assets” – Diversifying your portfolio will generally help manage the risk of a single asset or stock performing negatively. Earn this award by having at least 3 different assets in your Wedge wallet.

“$50 Saved”– Earn this award by making it to $50 in total Wedge Savings

“Top 10%” – Earn this award by making it into the top 10% of Wedge users savings ranking. The Top 10% is determined by multiplying a user’s savings by their savings percentage for each transaction and comparing this result to that of all the other users in the Wedge community.

Wedge uses Plaid Inc. to monitor a user’s checking account balance periodically through the day, and prior to pulling funds for transactions or asset purchases. Users may have their checking account connected to other debit cards, Bill Pay, subscriptions, etc., that might have pending transactions that have not yet posted to the account. As such, there are times when a user’s checking account balance is different than what may be visible through the Wedge app as these pending transactions are finalized with the user’s bank.

Please click on the “Reset Password” link in the app and attempt to log back in via the deep link sent to your connected email address (PLEASE CLICK ON THIS LINK THROUGH THE MAIL APP ON YOUR SMARTPHONE). If this does not work, please contact us at support@wedge.us, or call our team at +1 (844) 980-1538.

Because the markets are closed. While you will be able to buy/sell cryptocurrency 24/7, Wedge can only place orders for US equites during normal trading hours.

Yes. If you wish to use an asset for a purchase after markets are closed, Wedge will provide you the after-hours pricing data for that asset. If the quoted asset price changes by greater than 1% before the markets open, Wedge will ask you to verify that you would still like to use that asset for the transaction before executing it. The great news is that, because you have 24 hours to select which asset you'd like to use for a purchase, you can wait until markets open before having to make the selection on how you'd like to pay. How’s that for financial flexibility?

Your savings through the Wedge app will likely need to be treated as investment income when you file your yearly taxes. Wedge’s partners will provide each user with detailed statements on a quarterly basis, and a yearly 1099 for their securities and cryptocurrency holdings/trades through the year. These forms can be used by the user in conjunction with their tax advisor to calculate their tax liabilities.

The Wedge Community is the group of users that are actively using the Wedge app for everyday purchases. Once you join Wedge, you're not only getting the first app that allows you to pay with any asset, but you’ll also get notifications regarding your assets, the market and visibility into how the rest of the community is balancing their portfolio. Wedge community users will also get and first-look at new features and exclusive offers through our partners.

In addition to the flexibility the Wedge app provides you at checkout, joining Wedge also enables you to track your performance relative to others in the community, gain insights on how the top performing portfolios are allocated, and get useful notifications regarding your transactions, balances, and market movements.

Leaderboard Ranking - Your Average Savings Percentage is multiplied by your Total Dollars Saved to calculate your position on the leaderboard. The higher the resulting number relative to the rest of the Wedge community, the higher your ranking.

Awards – As you achieve certain milestones designed to help you diversify your portfolio and extract higher gains from the Wedge card, you will see awards you have earned appear on your Stats page in the Wedge App. 

Portfolio Allocations – Wedge takes an average position of the top performing portfolios within the Wedge community to provide a visual indication representing the asset mixes that have allowed users to achieve the greatest performance over multiple time intervals. Also displayed is the user’s portfolio mix over the same time period. Users can use this information to help them see how they might achieve greater portfolio diversity, and achieve the results realized by the top performers in the Wedge community. IT IS VERY IMPORTANT TO KNOW THAT PAST PERFORMANCE OF THESE PORTFOLIOS IN NO WAY INDICATES POTENTIAL RETURNS. INVESTING INVOLVES RISK, ESPECIALLY WHEN A USER ELECTS TO INCLUDE CRYPTOCURRENCIES, WHICH ARE INCREDIBLY VOLATILE, INTO THEIR PORTFOLIO.

Wedge User Ranking Graph – This graph shows your ranking (this time as a percentage) as compared to the entire Wedge community. The more you save, the higher your ranking.