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 →Current version converts discretionary 'may share' to mandatory 'will disclose' and provides granular disclosure purposes with explicit written permission requirement and specific examples.
View full 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.
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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 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 …
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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 288 platforms. See the full comparison.
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