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
How other platforms handle this
If your Venmo account is closed for any reason, any business or charity profile, Teen Account, and any affiliated Venmo Debit Card or Teen Debit Card will be canceled.
One person or legal entity may maintain no more than one free Account (if you choose to control a machine account as well, that's fine, but it can only be used for running a machine).
Use another user's account or share your account with another person;
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"Direct Debits must be canceled at least one (1) business day before they are due; otherwise, the Direct Debit might still go through.— Excerpt from Wise's Wise Terms of Use (Superseded URL)
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The clause states: “Direct Debits must be canceled at least one (1) business day before they are due; otherwise, the Direct Debit might still go through.”
ConductAtlas has identified this type of provision across 260 platforms. See the full comparison.
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