Digital Banking Built for Student-Athletes

Teamworks Wallet, a digital banking solution, provides student-athletes with a single place to receive, store, and spend their money.

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One Destination for Payments

Teamworks Wallet makes it easy for student-athletes to receive payments, automatically set aside taxes, earn high-yield interest, and spend instantly with a virtual debit card in Apple Wallet. For athletic departments, Collectives, and partners, Wallet simplifies NIL and revenue share payments with seamless reporting for all stakeholders. With FDIC pass-through insurance and zero platform fees, more money stays where it belongs: with the athlete.

Instant Payments With Zero Fees

Student-athletes get paid immediately, with no processing fees or delays cutting into their earnings.

Wallet payments are available instantly in their Wallet account
No processing fees on ACH transfers
Accept payments via ACH, wire, Wallet payments, and mobile check deposit
Wire payments to international accounts

Apply in Minutes. Start Earning Faster.

A fast, mobile-first application gets student-athletes approved and ready to use Wallet quickly.

Mobile-friendly application experience
Most applications are approved within minutes
Available to all student-athletes, including international athletes with a U.S. address
Minors can apply for joint tenancy accounts

Spend Easily and Securely

Athletes can access and use their money anywhere, with built-in security and protection.

Virtual debit card compatible with Apple Wallet and Google Wallet
Physical debit card for everyday purchases
Access cash through a nationwide ATM network
Secure login via Influencer or Teamworks ID with biometric authentication available for key workflows
FDIC pass-through insurance protection

Manage Money Smarter

Built-in tools help student-athletes prepare for taxes and grow their earnings.

Automatically set aside a percentage of NIL and rev share payments for taxes
Earn up to 4x the national average APY in a high-yield account

Simplify International Payments

Ensure your international student-athletes are paid accurately and on time while we manage required federal tax withholding and documentation behind the scenes.

Automatically collect W-8BEN forms before payment is issued
Calculate and apply the correct withholding rate at the time of payment across multiple payment types (e.g., Rev Share, Alston, etc.)
Safeguards to avoid paying international athletes for non-compliant payment types

*Applicable to customers that have designated Teamworks as their withholding agent

Flexible Payments. Full Control.

Teamworks Wallet supports every type of athlete payment, from per diem and NIL to housing, allowances, and revenue share, with the correct tax treatment built in and full visibility across your operation.

Pay athletes the right way, every time. Each payment type carries defined tax treatment, so compliance is structured into the process, not bolted on after.
Cover every payment category in one system. Per diem, NIL, revenue share, housing, travel, Alston, cost-of-attendance, reimbursements, and more.
Control who requests, who approves, and who gets paid. Custom approval chains, permission-based access, and real-time status visibility give administrators full oversight at every step.
Send payments anytime. Programmable disbursements run 24/7, 365 days a year, so athletes get paid on your schedule, not a bank’s.
Fewer workarounds, faster payments. Roster changes automatically trigger payment updates, clawbacks are available when needed, and nothing falls through the cracks.

The Flow of Funds with Wallet

Wallet seamlessly integrates with Teamworks Operations, offering features such as revenue share and NIL payments, no processing fees, and automatic transaction tracking.

Maximize Your Student Athletes’ Wallet Share

Every transaction fee, processing charge, and account cost reduces what your student-athletes actually take home. Teamworks Wallet eliminates unnecessary fees so more of every payment stays in their pockets. Use the calculator below to see how much additional money your athletes could retain with Wallet.

Fee Savings Calculator

Average Annual NIL Earnings Per Student-Athlete

Avg. Current Feese.g. sum of transaction, account, platform, etc.

Total # of Athletes

Teamworks Wallet charges zero processing and platform fees.
Estimates based on values entered above.

The Power of Integration

As part of the Operating System for Sports™, Wallet seamlessly connects payments, reporting, and athlete financial management — making it easy to distribute funds, ensure compliance, and help athletes maximize their earnings, all within one unified platform.

Send NIL payments seamlessly from Influencer directly into Wallet for immediate, fee-free access. Simplify campaign compensation while giving athletes instant visibility into their earnings.

Distribute revenue share and other payments directly from GM into Wallet, streamlining financial operations and eliminating manual payment workflows.

Per diem requests initiate directly from the Travel Party page in Teamworks Hub, where staff can see Wallet account status, payment approval status, and payment details in one place before a trip ever departs.