“You agree that you will not use your Wise Account for seeking to profit from currency conversion or foreign exchange trading or other types of speculative trading, or for speculative trading purposes, conversion arbitrage...”
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 prohibition defines a category of financial activity that, if engaged in through a Wise Account, places the customer in breach of the Agreement.
Interpretive note: The excerpt appears truncated and may include additional prohibited activities not visible here.
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 →Customers may not use their Wise Account to pursue currency speculation, FX trading profits, speculative trading, or conversion arbitrage.
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"You agree that you will not use your Wise Account for seeking to profit from currency conversion or foreign exchange trading or other types of speculative trading, or for speculative trading purposes, conversion arbitrage...Excerpt from Wise's Terms of Use (Superseded URL)
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This prohibition defines a category of financial activity that, if engaged in through a Wise Account, places the customer in breach of the Agreement.
Customers may not use their Wise Account to pursue currency speculation, FX trading profits, speculative trading, or conversion arbitrage.
ConductAtlas has identified this type of provision across 281 platforms. See the full comparison.
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