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"eligible customers that opt-in to the "interest feature" will have their United States Dollar (USD) funds held in their Wise account "swept" into a FDIC insured, interest bearing account at one or more of our participating banks.— Excerpt from Wise's Wise Terms of Use (Superseded URL)
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The clause states: “eligible customers that opt-in to the "interest feature" will have their United States Dollar (USD) funds held in their Wise account "swept" into a FDIC insured, interest bearing account at one or more of our participating banks.”
ConductAtlas has identified this type of provision across 260 platforms. See the full comparison.
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