No, Sendwave Pay is available for free :) There may be charges for ATM usage, chargebacks or overdrafts. But the Sendwave Pay account and debit card are all free.
Sendwave is a financial technology company and is not a bank. Banking services provided by Piermont Bank; Member FDIC. The Sendwave Visa® Debit Card is issued by Piermont Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.