Wise updated its Terms of Use to disclose that customer accounts may receive funds via the FedNow instant payment service. The updated terms state that FedNow transactions are processed in real time and generally cannot be canceled or reversed once completed, and that Wise may decline incoming FedNow transactions at its discretion for security, compliance, or operational reasons. Sending payments via FedNow is not currently available. This clarifies the operational characteristics and limitations of a payment method customers may encounter when receiving funds.
The updated terms disclose that Wise accounts may receive funds via FedNow, a real-time instant payment service. Under the revised language, FedNow transactions are processed immediately and generally cannot be canceled or reversed once completed. Wise reserves the right to decline incoming FedNow transactions at its discretion for security, compliance, or operational reasons. This disclosure clarifies the operational characteristics of a payment method customers may encounter when receiving transfers.
Clarifies that incoming transfers may be received via FedNow instant payment service, which are irreversible once completed and subject to Wise's discretionary decline authority.
This change record describes what was added, removed, or modified in the document. Analysis reflects what the updated agreement states or permits. It does not constitute a legal determination about enforceability. Applicability may vary by jurisdiction. Methodology
Wording edits to this record that do not change what it claims. Changes to a claim are published as corrections.
Wise added disclosure language regarding FedNow instant payment service availability for incoming transfers. The change clarifies that FedNow transactions are irreversible once completed and that Wise may decline such transactions at its discretion. This is …
Regulatory exposure, obligation change, escalation trigger, board-ready language, and recommended action for legal and compliance teams.
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Wise extended the error reporting window for most transactions from 60 days to 120 days, giving customers twice as long …
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