diff --git a/README.md b/README.md
index 25fd4d2a..b6e5c7b2 100644
--- a/README.md
+++ b/README.md
@@ -73,24 +73,23 @@ Create an `Account` class which should have the following functionality:
     **Account ID** - (Fixnum) a unique identifier corresponding to an account
     **Owner ID** - (Fixnum) a unique identifier corresponding to an owner
 
-<!--
 ## Wave 3
-Create a `SavingsAccount` class which should inherit behavior from the `Account` class. It should include updated logic with the following functionality:
-- An updated `initialize` method:
-  - The initial balance cannot be less than $10. If it is, this will `raise` an `ArgumentError`
-- An updated `withdraw` method:
+Create a `SavingsAccount` class which should inherit behavior from the `Account` class. It should include the following updated functionality:
+- The initial balance cannot be less than $10. If it is, this will `raise` an `ArgumentError`
+- Updated withdrawal functionality:
   - Each withdrawal 'transaction' incurs a fee of $2 that is taken out of the balance.
   - Does not allow the account to go below the $10 minimum balance - Will output a warning message and return the original un-modified balance
 
-It should include the following new methods:
+It should include the following new method:
 - `#add_interest(rate)`: Calculate the interest on the balance and add the interest to the balance. Return the **interest** that was calculated and added to the balance (not the updated balance).
   - Input rate is assumed to be a percentage (i.e. 0.25).
   - The formula for calculating interest is `balance * rate/100`
     - Example: If the interest rate is 0.25% and the balance is $10,000, then the interest that is returned is $25 and the new balance becomes $10,025.
 
-Create a `CheckingAccount` class which should inherit behavior from the `Account` class. It should include updated logic with the following functionality:
-- `#withdraw(amount)`: The input amount gets taken out of the account as result of an ATM transaction. Each withdrawal 'transaction' incurs a fee of $1 that is taken out of the balance. Returns the updated account balance.
-  - Does not allow the account to go negative. Will output a warning message and return the original un-modified balance.
+Create a `CheckingAccount` class which should inherit behavior from the `Account` class. It should include the following updated functionality:
+- Updated withdrawal functionality:
+  - Each withdrawal 'transaction' incurs a fee of $1 that is taken out of the balance. Returns the updated account balance.
+    - Does not allow the account to go negative. Will output a warning message and return the original un-modified balance.
 - `#withdraw_using_check(amount)`: The input amount gets taken out of the account as a result of a check withdrawal. Returns the updated account balance.
   - Allows the account to go into overdraft up to -$10 but not any lower
   - The user is allowed three free check uses in one month, but any subsequent use adds a $2 transaction fee
@@ -101,16 +100,15 @@ Create a `CheckingAccount` class which should inherit behavior from the `Account
 
 ## Optional:
 
-Create a `MoneyMarketAccount` class with a minimum of 6 specs. The class should inherit behavior from the `Account` class.
+Create a `MoneyMarketAccount` class which should inherit behavior from the `Account` class.
 - A maximum of 6 transactions (deposits or withdrawals) are allowed per month on this account type
-- `self.new(id, initial_balance)`: creates a new instance with the instance variable `id` and 'initial_balance' assigned
-  - The initial balance cannot be less than $10,000 - this will `raise` an `ArgumentError`
-- `#withdraw(amount)`: The input amount gets taken out of the account as result of an ATM transaction. Returns the updated account balance.
+- The initial balance cannot be less than $10,000 - this will `raise` an `ArgumentError`
+- Updated withdrawal logic:
   - If a withdrawal causes the balance to go below $10,000, a fee of $100 is imposed and no more transactions are allowed until the balance is increased using a deposit transaction.
   - Each transaction will be counted against the maximum number of transactions
-- `#deposit(amount)`. Returns the updated account balance.
+- Updated deposit logic:
   - Each transaction will be counted against the maximum number of transactions
   - Exception to the above: A deposit performed to reach or exceed the minimum balance of $10,000 is not counted as part of the 6 transactions.
-- `#add_interest(rate)`: Calculate the interest on the balance and add the interest to the balance. Return the interest that was calculated and added to the balance (not the updated balance). Note** This is the same as the `SavingsAccount` interest.
+- `#add_interest(rate)`: Calculate the interest on the balance and add the interest to the balance. Return the interest that was calculated and added to the balance (not the updated balance).
+    - Note** This is the same as the `SavingsAccount` interest.
 - `#reset_transactions`: Resets the number of transactions to zero
--->
diff --git a/account_class.rb b/account_class.rb
new file mode 100644
index 00000000..95f1cda7
--- /dev/null
+++ b/account_class.rb
@@ -0,0 +1,58 @@
+module Bank
+  class Account
+    attr_reader :account_id, :balance, :time
+    #allows account to be created with an initial balance as a parameter
+    def initialize(balance)
+      #creates ID#
+      @account_id = generate_id
+      @balance = balance_restriction(balance)
+      @time = account_opened
+
+
+      #prevents initial balance from being a negative amount
+      #if balance < 0
+      #  raise Exception.new, "No negative balance allowed! Live within your means!"
+      #end
+    end
+
+  #method to create an ID number, not unique number yet
+
+    def balance_restriction (balance)
+      if balance < 0
+        raise Exception.new("No negative balance allowed! Live within your means!")
+      else
+        return balance
+      end
+    end
+    
+    def generate_id
+      user_id = rand(1000..9000)
+      return user_id
+    end
+
+    def account_opened
+      time = Time.new
+      return time
+    end
+
+    #method for withdrawal
+    def withdrawal(subtract_money)
+      if (@balance - subtract_money) >= 0
+        @balance = (@balance - subtract_money)
+        #returns updated account balance
+        return @balance
+      else
+      #rejects negative balance, and returns current balance
+        puts "Your withdrawal was rejected. You only have #{@balance} dollars."
+        puts "You are not allowed to overdraft. Try a smaller withdrawal."
+      end
+    end
+
+  #method for deposit
+    def deposit(add_money)
+      @balance = (@balance + add_money)
+      #returns updated account balance
+      return @balance
+    end
+  end
+end
diff --git a/bankaccount_wave3.rb b/bankaccount_wave3.rb
new file mode 100644
index 00000000..b3a9ea98
--- /dev/null
+++ b/bankaccount_wave3.rb
@@ -0,0 +1,3 @@
+require "./account_class.rb"
+require "./checking_class.rb"
+require "./savings_class.rb"
diff --git a/checking_class.rb b/checking_class.rb
new file mode 100644
index 00000000..7b9639ba
--- /dev/null
+++ b/checking_class.rb
@@ -0,0 +1,55 @@
+module Bank
+  class Checking < Account
+
+    def initialize(balance)
+      super(balance)
+      @check_count = 0
+    end
+
+    #method for withdrawal
+    def withdrawal(subtract_money)
+      if (@balance - subtract_money - 1) >= 0
+        @balance = (@balance - subtract_money - 1)
+        #returns updated account balance
+        return @balance
+      else
+      #rejects negative balance, and returns current balance
+        puts "Your withdrawal was rejected. You only have #{@balance} dollars."
+        puts "You are not allowed to overdraft. Try a smaller withdrawal."
+      end
+    end
+
+
+    def withdraw_using_check(subtract_money)
+      if (@balance - subtract_money.abs) >= -10
+        @balance = (@balance - subtract_money.abs)
+        #returns updated account balance with a transaction fee of $1 removed from balance
+        #check_count = 0
+        @check_count += 1
+          if @check_count > 3
+            transaction_fee = 2
+            @balance = @balance - transaction_fee
+          end
+        puts @check_count
+        return @balance
+      else
+      #rejects negative balance, and returns current balance
+        puts "Your withdrawal was rejected. You only have #{@balance} dollars."
+        puts "You are not allowed to overdraft more than $10. Try a smaller withdrawal."
+      end
+    end
+
+    def reset_checks
+      @check_count = 0
+    end  
+  end
+end
+
+#Create a `CheckingAccount` class which should inherit behavior from the `Account` class. It should include the following updated functionality:
+#- Updated withdrawal functionality:
+#  - Each withdrawal 'transaction' incurs a fee of $1 that is taken out of the balance. Returns the updated account balance.
+#    - Does not allow the account to go negative. Will output a warning message and return the original un-modified balance.
+#- `#withdraw_using_check(amount)`: The input amount gets taken out of the account as a result of a check withdrawal. Returns the updated account balance.
+#  - Allows the account to go into overdraft up to -$10 but not any lower
+#  - The user is allowed three free check uses in one month, but any subsequent use adds a $2 transaction fee
+#- `#reset_checks`: Resets the number of checks used to zero
diff --git a/savings_class.rb b/savings_class.rb
new file mode 100644
index 00000000..36d194ad
--- /dev/null
+++ b/savings_class.rb
@@ -0,0 +1,47 @@
+module Bank
+  class Savings < Account
+    def initialize(balance)
+      super(balance)
+      @transaction_fee = 2
+    end
+
+    def balance_restriction (balance)
+      if balance < 10
+        raise Exception.new("Your balance is not allowed to go below $10!")
+      else
+        return balance
+      end
+    end
+
+    def interest(rate)
+      previous_balance = @balance
+      @balance = previous_balance + (@balance * rate)/100
+      interest_earned = @balance - previous_balance
+      return "Your balance is #{@balance} dollars and you have earned #{interest_earned} dollars in interest"
+    end
+
+    def withdrawal(subtract_money)
+      if (@balance - subtract_money - @transaction_fee) >= 10
+        @balance = (@balance - subtract_money - @transaction_fee)
+        #returns updated account balance
+        return @balance
+      else
+      #rejects negative balance, and returns current balance
+        puts "Your withdrawal was rejected. You only have #{@balance} dollars."
+        puts "You are not allowed to overdraft. Try a smaller withdrawal."
+      end
+    end
+  end
+end
+
+#Create a `SavingsAccount` class which should inherit behavior from the `Account` class. It should include the following updated functionality:
+#- The initial balance cannot be less than $10. If it is, this will `raise` an `ArgumentError`
+#- Updated withdrawal functionality:
+#  - Each withdrawal 'transaction' incurs a fee of $2 that is taken out of the balance.
+#  - Does not allow the account to go below the $10 minimum balance - Will output a warning message and return the original un-modified balance
+#
+#It should include the following new method:
+#- `#add_interest(rate)`: Calculate the interest on the balance and add the interest to the balance. Return the **interest** that was calculated and added to the balance (not the updated balance).
+#  - Input rate is assumed to be a percentage (i.e. 0.25).
+#  - The formula for calculating interest is `balance * rate/100`
+#    - Example: If the interest rate is 0.25% and the balance is $10,000, then the interest that is returned is $25 and the new balance becomes $10,025.