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 indemnification clause can expose the user to significant financial liability, including Wise's legal fees, for a broad range of conduct including breaches of applicable law or regulation and actions taken by any authorized user of the account.
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 →The reader is required to bear the financial cost of defending and compensating Wise and its affiliates for losses arising from their own breach or misuse, or that of any authorized user they permit.
How other platforms handle this
you agree to indemnify and hold harmless Upwork and its subsidiaries, affiliates, joint ventures, suppliers, officers, directors, shareholders, employees and agents, from any claim or demand made by any third party due to or arising directly or indirectly out of your conduct or in connection with yo...
Your obligations in Section 6.2 (Indemnification by Customer) of this Agreement will apply to the extent permitted by applicable law, regulation, or procedure.
Customer shall have no liability under (a) to the extent a Claim Against Us arises from Synthesia Content or under (b) to the extent a Claim Against Us arises from our breach of the Contract.
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"In the event of loss, claims, costs, or expenses (including reasonable legal fees) arising out of your breach of this Agreement, any applicable law or regulation and/or your, or any authorized User's use of our Services, you agree to defend, compensate us and our affiliates and hold us harmless.— Excerpt from Wise's Wise Terms of Use
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This indemnification clause can expose the user to significant financial liability, including Wise's legal fees, for a broad range of conduct including breaches of applicable law or regulation and actions taken by any authorized user of the account.
The reader is required to bear the financial cost of defending and compensating Wise and its affiliates for losses arising from their own breach or misuse, or that of any authorized user they permit.
ConductAtlas has identified this type of provision across 228 platforms. See the full comparison.
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