Wise US: who holds your money

Wise US's disclosure, read on September 5, 2026, describes FDIC pass-through coverage, deposit insurance through partner banks. Coverage depends on customer identification and recordkeeping. It protects eligible deposits when a partner bank closes, not the app company itself. An app closure does not trigger that protection. The visible disclosure and notes provide the programme’s specific conditions.

Current commentary

Wise US is not a bank, and customer money sits at Community Federal Savings Bank, rated letter D, and Lead Bank, rated letter C. Pass-through deposit insurance, coverage that reaches customers through another institution, applies at each partner bank if Wise US keeps records identifying each customer. The stated limit is $250,000 per depositor, per insured bank, for each account ownership category. This information reflects Wise US disclosures read September 5, 2026.