Wise US: who holds your money
Wise US Inc
Wise US is not a bank. Wise US says customer money is held at Community Federal Savings Bank and Lead Bank, with insurance reaching customers as pass-through FDIC insurance at the partner bank, subject to the app's recordkeeping. We read this information in the app's own public disclosure on September 5, 2026, and this page quotes that disclosure below. You can check each partner bank's own page on this site.
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.
Partner banks
- Community Federal Savings BankFDIC #57129 · program bank92.1%above the insured limitD12.3
- Lead BankFDIC #8283 · program bank30.0%above the insured limitC39.9
The figure is the share of total bank deposits above the $250,000 federal insurance limit, reported quarterly to the FDIC. High shares are normal for banks holding large app program balances. They do not mean your balance is uninsured: pass-through insurance usually covers customers individually at the partner bank. Across US banks in 2022 to 2026, those above roughly 36% saw large quarterly total deposit declines more often than those below. Most banks above that level saw no such fall. This measures deposit movement and does not predict trouble for any bank.
Disclosure
In other states, the program is sponsored by Community Federal Savings Bank, to which we’re a service provider. The Wise Multi-Currency Card Program is issued by Wise’s sponsor Bank(s)*, member(s) FDIC.
wise.com · as of September 5, 2026
The page's footnote names the sponsor banks as Lead Bank and Community Federal Savings Bank; the interest feature's 'Program Bank' is not named on the page.