What can I do about this clause?

{'method': 'IN_APP', 'recipient': 'https://wise.com/help/', 'difficulty': 'MODERATE', 'action_type': 'EXPORT_DATA', 'instructions': 'California residents and other users with data access rights can request a copy of their personal data by logging into their Wise account and accessing the privacy/data settings, or by contacting Wise support through the Help Center and submitting a data access request.', 'deadline_days': None, 'deadline_hours': None}

Which regulatory agencies enforce this type of clause?

{'agency': 'FTC', 'reason': 'The FTC enforces GLBA privacy requirements for non-bank financial institutions and has enforcement authority over unfair or deceptive data sharing practices under Section 5 of the FTC Act.', 'complaint_url': 'https://reportfraud.ftc.gov/'}, {'agency': 'CFPB', 'reason': 'The CFPB has authority over financial data privacy under GLBA Regulation P and the new open banking rule (§1033), and can take action against inadequate privacy disclosures by money services businesses.', 'complaint_url': 'https://www.consumerfinance.gov/complaint/'}

What is the severity of this clause?

ConductAtlas classifies this Data Sharing with Third Parties clause as medium severity. Severity reflects the magnitude of rights affected, the breadth of users impacted, and the degree of discretion the platform retains.

Do other platforms have similar clauses?

Yes. ConductAtlas has identified similar Data Sharing with Third Parties clauses across approximately 1 other tracked platforms. You can compare how platforms differ on this clause type in the cross-platform comparison view.

Data Sharing with Third Parties — Wise

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What it is

Wise shares your personal and financial information with service providers, banks, and government authorities, and may also share anonymized versions of your data for business purposes.

Change history

added May 1, 2026

This new provision expands on the previous generic 'Data Collection and Use Consent' by explicitly authorizing broad third-party data sharing including with regulatory authorities and for business purposes.

View full change record →

Consumer impact (what this means for users)

Your personal and financial data — including transaction history and identity documents — is shared with Wise's service providers, partner financial institutions, and regulators, with limited consumer control over these disclosures beyond closing your account.

What you can do

⚠️ These actions may provide transparency or partial mitigation but may not fully address the underlying issue. Effectiveness varies by jurisdiction and individual circumstances.

Export Your Data

California residents and other users with data access rights can request a copy of their personal data by logging into their Wise account and accessing the privacy/data settings, or by contacting Wise support through the Help Center and submitting a data access request.

Cross-platform context

See how other platforms handle Data Sharing with Third Parties and similar clauses.

Compare across platforms →

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Why it matters (compliance & risk perspective)

Your transaction data, identity information, and financial details are shared with multiple third parties — understanding who receives this data and for what purpose affects your financial privacy.

View original clause language

We may share your personal information with third parties, including service providers, financial institutions, and regulatory authorities as required by applicable law or as necessary to provide the Services. We may also share aggregated or de-identified information that does not directly identify you with third parties for business purposes.

Institutional analysis (Compliance & legal intelligence)

(1) REGULATORY FRAMEWORK: Financial data sharing obligations and restrictions are governed by the Gramm-Leach-Bliley Act (GLBA, 15 U.S.C. §6801 et seq.) and its implementing Regulation P (12 CFR Part 1016), which requires annual privacy notices and opt-out rights for sharing with non-affiliated third parties for marketing purposes. CCPA/CPRA (Cal. Civ. Code §1798.100 et seq.) grants California residents rights to know, delete, and opt out of sale/sharing of personal information. FinCEN regulations may require sharing of transaction data with law enforcement without consumer notice. CFPB's new open banking rule (1033) may affect data portability obligations. (2)

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Applicable agencies

FTC

The FTC enforces GLBA privacy requirements for non-bank financial institutions and has enforcement authority over unfair or deceptive data sharing practices under Section 5 of the FTC Act.
File a complaint →
CFPB

The CFPB has authority over financial data privacy under GLBA Regulation P and the new open banking rule (§1033), and can take action against inadequate privacy disclosures by money services businesses.
File a complaint →

Provision details

Document information

Document

Wise Terms of Use

Entity

Wise

Document last updated

April 29, 2026

Tracking information

First tracked

April 27, 2026

Last verified

April 27, 2026

Record ID

CA-P-003633

Document ID

CA-D-00265

Evidence Provenance

Source URL

https://wise.com/us/legal/terms-of-use

Wayback Machine

View archived versions →

SHA-256

3d9a1b9d730a8c1d00ca26bf14405c61751504499ac27ada18a4a48715971c65

Verified

✓ Snapshot stored ✓ Change verified

How to Cite

ConductAtlas Policy Archive
Entity: Wise | Document: Wise Terms of Use | Record: CA-P-003633
Captured: 2026-04-27 15:18:55 UTC | SHA-256: 3d9a1b9d730a8c1d…
URL: https://conductatlas.com/platform/wise/wise-terms-of-use/data-sharing-with-third-parties/
Accessed: May 2, 2026

Classification

Severity

Medium

Data Sharing with Third Parties