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Wise Keeps Your Money Safe: Here’s How

Last Updated on March 16, 2023 by Mavia

In accordance with Wise’s regulatory obligations, they “safeguard” their customers’ funds by holding a combination of cash in top commercial banks and investments in secure liquid assets, primarily government bonds, Wise Keeps Your Money Safe: Here’s How for the benefit of our UK customers who send money through Wise or hold money in the Wise account. Additionally, we keep the money you give us and the money we use to run our business apart.

How Wise keeps your funds secure and sound

To spread out risk and increase liquidity, we hold cash with the banks and safe liquid assets like US and UK government bonds. By using this strategy, we can guarantee that your money is highly liquid and constantly accessible to you. Government bonds now have an average remaining term of fewer than three months, with the majority of bonds having a remaining term of no more than three months. 2% of the portfolio’s assets have terms longer than three years. In connection to them, we actively manage the fair value risk, and any effects are already reflected in our financial position. Wise Keeps Your Money Safe: Here’s How Since we are not a bank, we do not lend our clients’ money to individuals or companies. This also implies that the Financial Services Compensation Program does not apply to our e-money and payment services (FSCS). But, we do provide our Assets function, a service for investing. Asset investment money is kept apart from Wise’s own funds in segregated accounts. Each customer is also qualified for protection under the FSCS in the UK up to a maximum of £85,000 in addition to this insurance.


Who oversees Wise

The Electronic Money Regulations 2011 in the UK grant Wise Payments Ltd authorization to issue electronic money and offer payment services as an Authorised Electronic Money (e-money) Institution. The Financial Services and Markets Act 2000 governs the offering of investment services by TINV Ltd.Our authorities, including the Financial Conduct Authority (FCA) in the UK, the National Bank of Belgium (NBB) in Europe, and 48 state regulators in the USA, have severe guidelines that we must abide by. These authorities safeguard the markets where we do business.

Is it secure to transmit significant sums using Wise

Sending significant sums of money abroad can be stressful. As a result, we take numerous steps to ensure that you, your money, and your data are always secure.

Worldwide regulations apply to Wise.

The FCA in the UK and numerous other authorities from around the world oversee Wise. We follow the guidelines that they have established for the protection of consumers in each area.

Wise protects your money

When you use Wise, we protect your funds by keeping them in specialized bank accounts or top-notch liquid assets. Your account balance is backed up by assets with a similar market value. With these financial institutions, we keep the assets in separate accounts. On the FCA website, you may also find out more information regarding safeguarding if you reside in the UK.


Wise secures your login

Two-step verification is a way to safeguard your account. We’ll ask you to confirm your identity each time you log in and make a transfer via a text message, your fingerprint, or face recognition. No one else will be able to access your account or make payments on your behalf in this way.


We have specialized assistance and anti-fraud teams. Our fraud team works to prevent fraud against our clients, their money, and their personal information Also, we have a support group that is devoted to aiding clients who send sizable sums through us. Along the route, if you have any queries or worries.

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