Wise is authorized to deduct fees, reversal amounts, and any other amounts owed from the user's Wise Account balance, including funds held in sub-account Jars. If the account balance is insufficient, Wise may refuse to execute transactions and may deduct from future funds received.
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 authorizes Wise to access and deduct from all sub-account balances including Jars, which users may have designated for specific purposes such as savings or grouped spending. The authority to deduct from future incoming funds extends the deduction right beyond the current account balance.
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 grants Wise authority to unilaterally deduct fees from all account funds including dedicated savings features (Jars), and to block future transactions for non-payment.
View full change record →Under this clause, Wise may deduct fees, reversal amounts, and other owed amounts from any balance held in the Wise Account, including funds segregated in Jars. If the account balance is insufficient, Wise may decline to process pending or future transactions and may apply future incoming funds toward outstanding amounts.
Cross-platform context
See how other platforms handle Fee Deduction Authority Including from Jars and similar clauses.
Compare across platforms →"We Can Make Deductions for Amounts You Owe Us. You agree that we are authorized to deduct our fees, any applicable Reversal amounts, or any amounts you owe us from your Wise Account, including negative Wise Account balances and funds held in a Jar. If you don't have sufficient funds in your Wise Account to cover these amounts, we may refuse to execute pending or future transactions or provide any Services to you and may deduct funds sent to us for Services in the future.Excerpt from Wise's Terms of Use (Superseded URL)
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This provision authorizes Wise to access and deduct from all sub-account balances including Jars, which users may have designated for specific purposes such as savings or grouped spending. The authority to deduct from future incoming funds extends the deduction right beyond the current account balance.
Under this clause, Wise may deduct fees, reversal amounts, and other owed amounts from any balance held in the Wise Account, including funds segregated in Jars. If the account balance is insufficient, Wise may decline to process pending or future transactions and may apply future incoming funds toward outstanding amounts.
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