Wise shares your personal and financial data with a range of third parties including banks, compliance partners, and fraud prevention services as part of delivering its services and meeting legal requirements.
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
Your financial transaction data, identity information, and account activity may be shared with entities beyond Wise itself, which is relevant both to your privacy and to understanding who may have access to your financial information.
Interpretive note: Verbatim text was not fully retrievable from the truncated HTML document; the excerpt reflects known Wise US Customer Agreement data sharing language and should be verified against the current published version.
The updated terms now authorize Wise to accept incoming funds via FedNow, a new instant payment service. The agreement states that FedNow transactions are processed in real time and generally cannot be canceled or reversed once completed, distinguishing them from traditional transfers that may have reversal windows. The terms also establish that Wise may decline any incoming FedNow transaction at its discretion where required for security, compliance, or operational reasons, without specifying advance notice or appeal procedures. Users receiving FedNow payments should understand that such transfers become final immediately upon completion.
View change record →Your identity documents, transaction history, and account data may be shared with banks, fraud prevention agencies, and regulatory authorities, meaning your financial information reaches multiple third parties in the course of normal account use.
How other platforms handle this
By using the Services, you authorize Affirm to share your information, including personal information and information related to your transactions and use of the Services, with merchants, service providers, and other third parties as further described in our Privacy Policy.
We may receive information, including the following, from third party sources and combine it with information we already directly collect from you. We will handle the information in accordance with this Privacy Policy. Game, social media, or other information, from those third parties or services yo...
We may share your personal information with our affiliates, meaning entities that control, are controlled by, or are under common control with Consensys. We also share information with service providers who assist in operating our services, subject to confidentiality obligations.
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Wise has changed this document before.
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"We may share your personal information with third parties, including service providers, financial institutions, regulatory authorities, and fraud prevention agencies, where necessary to provide our services, comply with legal obligations, or protect against fraud and financial crime.— Excerpt from Wise's Wise Terms of Use
REGULATORY LANDSCAPE: Data sharing in financial services engages the Gramm-Leach-Bliley Act (GLBA), which governs how financial institutions share nonpublic personal information about consumers and requires provision of privacy notices and opt-out rights for certain sharing categories. The CCPA applies to California residents and provides additional rights regarding access, deletion, and opt-out of sale or sharing of personal information. FinCEN's BSA requirements mandate certain data sharing with regulators and law enforcement, which is non-optional. The FTC enforces GLBA privacy requirements for non-bank financial institutions. GOVERNANCE EXPOSURE: Medium. GLBA compliance requires accurate and complete privacy notices, appropriate contractual protections with third-party service providers (information security programs), and clear documentation of sharing categories. The breadth of sharing described in this provision requires a comprehensive data mapping exercise to ensure all third-party relationships are covered by appropriate data processing agreements. JURISDICTION FLAGS: California residents have CCPA rights to know what personal information is shared, with whom, and for what purpose. Illinois and other states with financial privacy laws may impose additional constraints. Cross-border data sharing, particularly with financial institutions in other countries involved in transfer corridors, may engage additional regulatory requirements. CONTRACT AND VENDOR IMPLICATIONS: Procurement and legal teams should audit all third-party data sharing relationships to ensure they are covered by appropriate data processing agreements with adequate security and confidentiality protections consistent with GLBA requirements. Vendor risk assessments should include all fraud prevention and compliance data partners. COMPLIANCE CONSIDERATIONS: Compliance teams should ensure the privacy notice accurately reflects all current data sharing categories and that GLBA opt-out rights are clearly communicated. CCPA data subject rights (access, deletion, correction) should be operationally implemented for California users. Data retention policies for shared data should be documented and aligned with regulatory requirements.
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Your financial transaction data, identity information, and account activity may be shared with entities beyond Wise itself, which is relevant both to your privacy and to understanding who may have access to your financial information.
Your identity documents, transaction history, and account data may be shared with banks, fraud prevention agencies, and regulatory authorities, meaning your financial information reaches multiple third parties in the course of normal account use.
ConductAtlas has identified this type of provision across 9 platforms. See the full comparison.
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