▲ 8 r/wisebank
Anyone with wise account needs to see this !! Closing my accounts at wise !!
| We’re making an amendment to your Wise Customer Agreement. Effective July 6, 2026, the following provision of your Wise Customer Agreement will be amended: Current wording: Money you hold with Wise, in any currency, is not insured by any deposit protection scheme, including the Canada Deposit Insurance Corporation (CDIC) and represents an unsecured claim against Wise. Wise owns the interest or other earnings on these investments, if any. Wise does not use balances held by its customers for operating expenses or other corporate purposes. In addition, as discussed above, the specified bank account details that we provide to you in order for you to receive funds from third parties are for accounts held by Wise and its affiliates (and we will credit your Wise Account, which is held by us, upon receipt of such funds), and are not for a bank account held by you. New wording: Money you hold with Wise, in any currency, is not insured by any deposit protection scheme, including the Canada Deposit Insurance Corporation (CDIC) and represents an unsecured claim against Wise. Except where otherwise provided under the terms of a specific product or program, Wise owns the interest or other earnings on these investments, if any. Wise does not use balances held by its customers for operating expenses or other corporate purposes. In addition, as discussed above, the specified bank account details that we provide to you in order for you to receive funds from third parties are for accounts held by Wise and its affiliates (and we will credit your Wise Account, which is held by us, upon receipt of such funds), and are not for a bank account held by you. A copy of the amended Wise Customer Agreement is available at: Customer Agreement - Wise Payments Canada Inc. |
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| Thanks, The Wise team |
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u/Remarkable-Soil-4259 — 5 days ago
