Wise Account balances that remain inactive for three to five years, depending on state law, are classified as dormant and subject to escheatment to the user's state of residence. Wise states it will attempt to send notice before escheating funds, and balances for accounts with unknown or foreign addresses will be escheated to Delaware.
This analysis describes what Wise's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
This provision establishes a state-variable dormancy period after which account balances may be transferred to state unclaimed property authorities. The Delaware default for accounts with foreign or unknown addresses creates a specific jurisdictional outcome for a potentially significant portion of Wise's international user base who may hold USD balances.
The updated terms extend the deadline for reporting transaction errors from 60 days to 120 days for all transactions except Send Money transfers. The 120-day period begins either from the first day you could see the error in your online account history or the day Wise sent the first written statement showing the error, whichever comes first. This change gives account holders twice as long to identify and report discrepancies before losing the right to dispute them.
View change record →New provision allowing Wise to close accounts and escheat funds after 3-5 years of inactivity, potentially removing user access to dormant account funds.
View full change record →Under this clause, Wise Account balances may be escheated to state unclaimed property funds if the account is inactive for three to five years without login, fund activity, or transactions; the specific period depends on the user's state of residence. Users with foreign or unknown addresses will have balances escheated to Delaware; users can reclaim escheated funds through the applicable state's unclaimed property administrator.
Cross-platform context
See how other platforms handle Escheatment and Dormant Account Policy and similar clauses.
Compare across platforms →"Your Wise Account will be considered dormant if, for a continuous period of three (3) to five (5) years, depending on laws of your state of residence, you have not logged in, sent funds, received funds, or conducted other transactions that post to your Wise Account. If your account is considered dormant, Wise may deactivate or close your Wise Account. If you have funds in your deactivated or closed Wise Account and it is not reactivated prior to the escheatment period, the funds will be escheated (sent) to your state of residency.Excerpt from Wise's Terms of Use (Superseded URL)
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This provision establishes a state-variable dormancy period after which account balances may be transferred to state unclaimed property authorities. The Delaware default for accounts with foreign or unknown addresses creates a specific jurisdictional outcome for a potentially significant portion of Wise's international user base who may hold USD balances.
Under this clause, Wise Account balances may be escheated to state unclaimed property funds if the account is inactive for three to five years without login, fund activity, or transactions; the specific period depends on the user's state of residence. Users with foreign or unknown addresses will have balances escheated to Delaware; users can reclaim escheated funds through the applicable …
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