Legal disputes about this agreement are governed by New York state law, unless federal law applies, regardless of where you live.
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
The choice of law designation determines which state's statutory and common law governs interpretation of the agreement's obligations, rights, and remedies. This affects how disputes are analyzed under the applicable legal framework.
Interpretive note: The verbatim governing law text was not retrievable from the truncated document; the excerpt reflects the known governing law provision in Wise's US Customer Agreement and should be confirmed 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 →Even if you live in a state with stronger consumer protection laws, Wise's agreement asserts that New York law governs disputes, which could affect the remedies available to you; however, mandatory state consumer protection statutes in your state of residence may still apply regardless of this choice of law provision.
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"This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without regard to its conflict of law provisions, except to the extent that federal law applies.— Excerpt from Wise's Wise Terms of Use
REGULATORY LANDSCAPE: Choice of law provisions in consumer financial contracts interact with state consumer protection statutes and may be subject to challenge where the chosen state's law deprives a consumer of protections that would otherwise apply in their home state. Courts have sometimes declined to enforce choice of law clauses in consumer contracts where application of the chosen law would deprive the consumer of fundamental protections of their home state. Federal law, including Regulation E, applies regardless of the contractual choice of law. GOVERNANCE EXPOSURE: Medium. New York is a commercially sophisticated jurisdiction with mature financial services law, and this choice is standard for US fintech companies. However, the provision's interaction with mandatory consumer protection statutes in other states creates enforcement uncertainty. JURISDICTION FLAGS: California's consumer protection statutes may apply to California residents regardless of this choice of law clause in certain circumstances. Illinois, Washington, and Massachusetts have also adopted positions that limit the ability of contracts to deprive residents of protections under those states' laws. CONTRACT AND VENDOR IMPLICATIONS: Business customers in states other than New York should assess whether this choice of law clause affects their own contractual rights and consider whether their agreements with Wise should address governing law for B2B disputes separately. COMPLIANCE CONSIDERATIONS: Legal teams should confirm that the choice of New York law does not inadvertently exclude compliance obligations that arise under the laws of other states where Wise is licensed and operating, and should maintain state-specific compliance matrices for money transmitter obligations.
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The choice of law designation determines which state's statutory and common law governs interpretation of the agreement's obligations, rights, and remedies. This affects how disputes are analyzed under the applicable legal framework.
Even if you live in a state with stronger consumer protection laws, Wise's agreement asserts that New York law governs disputes, which could affect the remedies available to you; however, mandatory state consumer protection statutes in your state of residence may still apply regardless of this choice of law provision.
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