By providing bank account details and initiating a Direct Debit transaction, users authorize Wise to initiate electronic credits and debits to their bank account, including fees and charges. This authorization remains in effect for the duration of the user's registered status with Wise.
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 standing authorization for Wise to debit the user's external bank account that persists for the lifetime of the user's registration, rather than expiring after a single transaction or a defined period. Users who wish to revoke this authorization must take affirmative steps, and the agreement does not specify a revocation procedure within the excerpted text.
Interpretive note: The revocation procedure for the standing Direct Debit authorization is not specified in the excerpted document text; its adequacy under NACHA and Regulation E requirements depends on provisions not visible in the truncated document.
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 establishing broad, continuous authorization for electronic debits including fees, with authorization remaining in effect indefinitely.
View full change record →The agreement states that Direct Debit authorization remains in effect for as long as the user is a registered Wise customer, authorizing ongoing electronic debits and credits to the user's linked bank account including applicable fees. Users who add funds via Direct Debit should be aware that this authorization persists beyond individual transactions.
Cross-platform context
See how other platforms handle Direct Debit Authorization and similar clauses.
Compare across platforms →"When you choose to pay using Direct Debit, by providing your bank account details and requesting a transaction, you authorize us to initiate electronic credits and debits to your bank account through the scheme network, including any applicable fees and charges, and this authorization shall remain in effect so long as you are a registered u[ser].Excerpt from Wise's Terms of Use (Superseded URL)
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This provision establishes a standing authorization for Wise to debit the user's external bank account that persists for the lifetime of the user's registration, rather than expiring after a single transaction or a defined period. Users who wish to revoke this authorization must take affirmative steps, and the agreement does not specify a revocation procedure within the excerpted text.
The agreement states that Direct Debit authorization remains in effect for as long as the user is a registered Wise customer, authorizing ongoing electronic debits and credits to the user's linked bank account including applicable fees. Users who add funds via Direct Debit should be aware that this authorization persists beyond individual transactions.
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