The agreement restricts personal Wise Accounts to individual, personal use only and prohibits business use, account sharing, and use on behalf of third parties. Each individual may hold only one Wise Account and one profile.
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
This provision defines the permissible scope of account use and establishes that all account activity is attributed to the registered account holder regardless of who actually conducted the transaction. Violations of these restrictions are grounds for account suspension or closure under Section 8.
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 →New provision restricts accounts to personal use only and enforces single account per user policy, preventing account sharing or proxy use.
View full change record →Under this clause, consumers may not use a personal Wise Account for business transactions, allow third parties to access their account, or open multiple accounts. All transactions on the account are attributed to the registered holder as a matter of the agreement's terms.
Cross-platform context
See how other platforms handle Personal Use Restriction and One Account Limit and similar clauses.
Compare across platforms →"You may only use our Services for personal purposes and not as a business account or for business purposes. If you require a product or Service dedicated to business activities, you can open a Business Account with Wise. ... You may only open one Wise Account and one profile. ... All activities under a Wise Account or Wise profile shall be considered activities conducted by you. You agree to only use the Services to transact on your own account and not on behalf of any other person or entity. You must not allow others to access or use the Services or your Wise Account on your behalf.Excerpt from Wise's Terms of Use
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This provision defines the permissible scope of account use and establishes that all account activity is attributed to the registered account holder regardless of who actually conducted the transaction. Violations of these restrictions are grounds for account suspension or closure under Section 8.
Under this clause, consumers may not use a personal Wise Account for business transactions, allow third parties to access their account, or open multiple accounts. All transactions on the account are attributed to the registered holder as a matter of the agreement's terms.
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