Last updated: 2 March 2023
The terms set out in your Customer Agreement apply to your use of the Card. This Supplement is a supplement to, and must be read together with, your Customer Agreement, which sets out the terms in relation to your Wise Account. This Supplement contains 11 sections. You may go directly to any section by selecting the link provided. The headings are for reference only. Some capitalised terms have specific definitions in section 3, or are defined in your Customer Agreement. Underlined words in this Supplement contain hyperlinks to further information.
Consumer advisory: Wise Australia Pty Ltd ACN 616 463 855 ("Wise", “we”, “us”, or “our” as applicable) is a holder of Australian Financial Services Licence 513764, under which we provide certain financial services in connection with the Card. Wise is an authorised deposit taking institution limited to providing purchased payment facilities. The money you have with us is not a deposit and hence the Australian Financial Claims Scheme does not apply.
2.1 What this Supplement covers. These are the terms and conditions on which we provide the Card to you.
2.2 You agree to the supplement. Please read this Supplement carefully before you start using the Card. Please do not apply for or continue using the Card if you do not agree to the Supplement. This Supplement (always together with the documents referred to in it) tell you who we are, features of the Card and how you may use it, how this Supplement may be changed or ended, what to do if there is a problem and other important information.
By applying for, or using, your Card, you confirm that you accept and agree to this Supplement (including any amendments and additions to this Supplement at the time you apply as published at the Customer Updates section of our Website). By your continued use of the Card, you accept and agree to any future changes to the Supplement (also as published at the Customer Updates section of our Website), whether or not reviewed by you, and which shall constitute your consent and acceptance of the revised Supplement.
If you think that there is a mistake in this Supplement or require any changes, please contact us to discuss.
2.3 Changes to the Supplement. We reserve the right to enhance, modify or cancel any features and benefits of the Card, and to change the Supplement, without prior notice. All future changes will be published from time to time at the Customer Updates section of our Website.
2.4 Where to get a copy of this Supplement. You can always see the most current version of this Supplement on our Website. If you want a paper copy of this Supplement, please contact Customer Support.
In this Supplement:
Card – means your Wise Card (including any replacement card as applicable) with the features set out in section 4.2.
4.1 Who is the issuer of your Card. Your Card is issued by Wise Australia Pty Ltd ACN 616 463 855, an Australian registered company.
4.2 A summary of the key product features and information about your Card is set out here. The Card is for use in conjunction with a Wise Account, please refer to the Customer Agreement and the Product Disclosure Statement. If your Wise Account is a business account, you may only use your Card for business purposes and not personal purposes. Certain transactions for getting cash or cash equivalents (such as ATM withdrawals, getting cash from a merchant or bank, money orders, travellers cheques, foreign exchange or bureau de change), and account funding transactions where the Card is used to fund e-wallets and accounts or items which may be convertible to cash (such as casino chips, cryptocurrencies and lottery tickets), may incur additional fees, refer to Pricing page for details.
4.3 When you change your profile address to a new country, your existing Cards will continue working in the same manner and will be subject to the same fee structure based on the latest Wise entity serving you, until you order a new Card. When you change your profile address to a new country and order a new Card, all the new and existing Cards associated with your profile will be subject to the fee structure for transactions for getting cash or cash equivalents of the newest Wise entity serving you.
5.1 How to access the Card. Your Card is linked to and supported by your Wise Account. You can access money by adding money to your Wise Account. For further information on how to do this, please refer to the Customer Agreement.
5.2 Verification and authorisation Only customers we have verified will be able to use the Card and anonymous users are not permitted. You agree that we may verify and authorise your information and transactions at account opening and on an ongoing basis to meet relevant regulatory requirements. Wise is required to comply with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.
6.1 About your Card. The Card is a non-cash payment facility which can be used to pay for goods and services online, over the phone or in person. The Card can be used to withdraw money from ATMs locally and internationally which accept Mastercard or Visa. The Card is not a guarantee card, charge card or credit card.
6.2 How to activate your Card. When you receive your Card, please sign the back of it as soon as you receive it and keep it safe. You must activate your Card before use, by following the instructions in the App or on our Website. The Card PIN is a 4-digit code that you will be asked to enter when making a payment using the Card.
6.3 Paying in different currencies. The Wise Account associated with your Card may be used by you to hold balances in different currencies that we support for use with the Card (see FAQ). If you are making a payment or withdrawing funds in a currency you hold, the payment will be made from that balance. If you are making a payment or withdrawal in a currency you do not hold in your Wise Account, we will convert the amount applying the Wise rate and fee to a balance that you hold - please see our Pricing Page for further information on our rate and fees, including the latest applicable percentage mark-up over the ECB rate. If you are making a payment or withdrawal in a currency we do not support, we will convert the amount at the current Mastercard or Visa rate.
6.4 Refunds in different currencies. If you receive a refund on a card payment in a supported currency, we will credit your Wise Account in that currency. If you receive a refund in a currency we do not support (see FAQ), we will first convert the amount at the current Mastercard or Visa rate to a supported currency and then credit your Wise Account. We may need to activate a currency in your Wise Account in order to credit you the refund.
6.5 No negative balance in your Wise Account. You must not make purchases that exceed the amount of electronic money available in your Wise Account. If any purchase takes you over your available funds or the card limits in force from time to time the transaction will be declined.
6.6 Your use of the Card is subject to limits. We may, at our reasonable discretion, decline the use of your Card for situations including, but not limited to:
6.7 We are not liable for certain losses. We are not responsible for the quality, safety, legality, or any other aspect of any goods or services purchased with the Card. We are not liable for any loss arising from any merchant refusing to accept your Card, or any ATM failing to dispense cash. You are responsible for losses arising from gross negligence, or failing to conduct adequate due diligence on the merchants you transact with.
6.8 Account Suspended or Account Cancelled. We can close or suspend your Wise Account at any time (see Customer Agreement) and we can suspend or cancel your Card, including if the activity on your Card appears suspicious, fraudulent or we believe it to be associated with criminal activity or activity which is inconsistent with this Agreement. Unusual or multiple purchases may prompt a merchant inquiry or Card suspension that is necessary to allow us to investigate such activity. We reserve the right, in our sole discretion, to limit your use of the Card. We may refuse to issue or replace a Card or may revoke Card privileges, other than as required by applicable law. You agree not to use or allow others to use an expired, revoked, cancelled, suspended or otherwise invalid Card. We will not incur liability to you because of the unavailability of the funds that may be associated with your Card or Borderless Account.
6.9 Unjust enrichment. In case you notice a refund has been received twice for the same transaction, from Wise and the merchant, you are required immediately to let us know, and we always reserve the right to debit back a previously issued refund when a refund for the same transaction has been provided by the merchant as well, without prior notice.
6.10 In case of disputed card transactions, we may, subject to any restrictions under applicable law, decide not to proceed with chargebacks at our sole discretion. Reasons for this might include: not receiving sufficient information to determine that an error occurred; not receiving a notification about the payment error in a timely manner; disputes being caused by the risky nature of transactions undertaken with the business debit card.
7.1 You authorise every Transaction. You agree that any use of your Card or card number and PIN constitutes your authorisation and consent to a transaction, including for the avoidance of doubt, any contactless or card-not-present (e.g. any online purchases) transactions which may not require a PIN.
7.2 Your Card is for your sole personal use. You undertake not to authorise others to use your identity or user status, and you may not assign or otherwise transfer your Card to any other person or entity.
7.3 Where there are multiple cardholders within the same business account, any transaction authorized by any one of the cardholders is deemed to be effectively authorized by the Business.
8.1 Your Card has an expiry date. You can only use your card up until the expiry date which will be shown on the front of your card and/or in the App.
8.2 We’ll aim to provide you with new card details to use 2 months before your current card will expire. You’ll need to confirm the address to which you’d like the card to be sent to. A replacement card fee may apply (see here).
8.3 If you do not want your Card to be renewed, you can simply let it expire without ordering a replacement. Your Card will be deactivated and you will not be able to use it after its expiry. Any outstanding balance in your Wise Account will remain usable by you in accordance with the terms of the Customer Agreement.
9.1 Keep your Card safe. Never let another party use your Card, and keep it safe. Memorise your PIN and never disclose this and other security information to anyone. Sharing these details can lead to unauthorized access to your account and you will be solely responsible for transaction(s) made in this situation. Wise will not be liable for any loss arising due to any such unauthorized transaction(s).
9.2 Keep your Wise Account safe. You should also observe the security measures as set out in section 10.1 of the Customer Agreement with regard to your Wise Account.
9.3 Check your transaction history regularly. We rely on you to regularly check on your Wise Account history and contact us in the case of unauthorised, incorrect, or misdirected transactions.
9.4 Report any suspicious incidents. If your Card is lost or stolen, if you suspect that someone else knows your PIN, or if you think your Card, card number or PIN may be misused, you agree that you must stop using the Card and contact Customer Support immediately. If you find the Card after you have reported it lost, stolen or misused, you must cut it up and tell us as soon as possible.
9.5 Replacement of card. If your Card, or any replacement card, is lost or stolen, you can request a replacement. We will charge a fee for the replacement Card. The details for the relevant replacement can be found here.
9.6 Disclosure of information to law enforcement authorities. If your Card is used without your permission, or is lost, stolen or if you suspect the Card may be misused, we may disclose to law enforcement agencies any information which we reasonably believe may be relevant.
10.1 Termination of services. We may, at any time, terminate your Card or any service associated with it without giving you any prior notice or reason for doing so. You may terminate your Card with us at any time by contacting Customer Support.
In particular, we may at any time suspend or terminate your Card without notice if:
10.2 Suspension or termination of transactions. We have the right to suspend, or later reverse, the processing of any transaction where we reasonably believe that the transaction may be unauthorised, fraudulent, illegal, or involves any criminal activity or where we believe you to be in breach of this Supplement or the Customer Agreement.
10.3 Termination upon occurrence of specific events. You agree that we have the right to terminate your Card and our agreement under this Supplement immediately in the event that you are:
In the event of any of the above, we reserve the right to deal with any such trustee, executive or personal representative duly appointed in respect of your estate (where appropriate) under Australian or other applicable law, as we consider appropriate, in relation to the balance in your Wise Account.
11.1 No warranty for services. Other than expressly set out in this Supplement or in the Customer Agreement, neither Wise, nor our officers, directors, employees, suppliers, agents and relevant entities make any specific promises about our services. For example, we do not make any commitments about the quality, safety, legality, or any other aspect of any goods or services purchased with the Card. We are also not liable for any loss arising from any merchant refusing to accept your Card, or any ATM failing to dispense cash.
To the extent possible, we will try to make sure that you will be able to use the Card when needed, but we do not guarantee that the services will always be available or uninterrupted. We may suspend, withdraw, discontinue the use of your Card or any part of our other services without notice. We will not be liable to you if for any reason the Card is unable to be used for you at any time or for any period.
The Card and our services are provided to you strictly on an “as is” basis. All conditions, representations and warranties, whether express, implied, statutory for other, including without limitation, any implied warranty of merchantability, fitness for a particular purpose, or non-infringement of third party rights, are here excluded and disclaimed to the highest and maximum extent subject to any applicable contrary law, including provisions of the Australian Securities and Investments Commission Act 2001 (Cth) ("ASIC Act") and Competition and Consumer Act 2010 (Cth) ("Consumer Act").
11.2 No liability for loss or damage. We, and our related entities, exclude all liability to you or anyone else for any loss or damage of any kind (howsoever caused or arising) arising from or in connection with the Services to the fullest extent permitted by law (and without limiting any other provision in this Supplement), subject to any applicable contrary law, including provisions of the ASIC Act and the Consumer Act.
11.3 Services provided only for personal use. The Card can only be used for your personal and private use. If you use the Card for any commercial or business purpose, we will not be liable to you for any loss of profit, loss of business, business interruption, loss of business opportunity, or consequential loss.
11.4 Hold harmless. To the fullest extent permitted by applicable law, you shall be responsible and hold us (and our officers, directors, employees, suppliers, agents and related entities) harmless from any and all loss, damage, liabilities, claims, costs and expenses due to, or arising out of or in connection with, your breach of this Supplement or any applicable law or regulation, your use of the Card and/or any fraud by you. This provision shall continue to be in force even after you cease using the Card.
11.5 Liability for transactions on a Card reported lost or stolen. You remain liable for any withdrawal or purchase made by any other person using your Card, Card number or PIN before you notify us of the loss or theft under section 9.4. Despite notifying us of an event under section 9.4, you remain liable for any withdrawal or purchase made by you. Where requested, you must also give us all the information you have about how the loss occurred.