<div>We&rsquo;re licensed to hold your money and, as part of keeping it safe, we follow strict rules set out by the regulators in the countries where we operate.&nbsp;As of 16 January 2024, our customers are trusting us with the equivalent of 12.9 billion GBP in their Wise accounts.If you keep money with us, our regulatory obligation is to hold all of it in cash, secure liquid assets, or insured by a comparable guarantee.&nbsp;<h3>How is this different from a bank?</h3>We don&rsquo;t lend out your money. Banks do. This is why governments require them to insure their deposits by participating in country-specific deposit insurance schemes like the FSCS in the UK.Because we&rsquo;re not lending your money we handle it differently by safeguarding it. Safeguarding means that we look after your money by keeping it separate from our own money, and making it available to you whenever you need it.&nbsp;How we hold your money can vary by country. Learn more about how Wise safeguards:<ul><li><a href="/help/articles/4IusAofIppsIGPcs7sEIXI/how-our-uk-entity-wise-payments-ltd-safeguards-customer-funds">Wise Payments Ltd (UK)</a></li><li><a href="/help/articles/50VrYRVwHcsYeKzvWbjf3n/how-our-eu-entity-wise-europe-sa-safeguards-customer-funds">Wise Europe SA (EEA) </a></li><li><a href="/help/articles/5toCJQjm9MkTs8bEKSm30O/how-our-us-entity-wise-us-inc-protects-customer-funds">Wise US Inc (USA)</a></li><li><a href="/help/articles/7vOtfWfDbPfF3C8LRSqdxU/how-our-japanese-entity-wise-payments-japan-k-k-safeguards-customer-funds">Wise Payments Japan KK (Japan)</a></li><li><a href="/help/articles/7cUlHeJwqj6AHM69S8qRCA/holding-money-if-you-live-in-brazil">Wise Brasil Instituição de Pagamento Ltda (Brazil)</a></li></ul><a rel="noreferrer" href="https://wise.com/en/legal/terms-and-conditions" target="_blank">Learn which Wise group entity provides services to you</a> <a href="/help/articles/2932693/how-is-wise-regulated-in-each-country">Learn more about where we’re regulated</a><h3>How we keep your money available to you even during market turmoil</h3>We make sure your money is safe and readily available to you. Most of your money is in secure liquid assets such as EU, UK and US Government bonds and money market funds (as of 1 April 2024). For a government bond to fail, the government would need to default on their loan payments, which almost never happens with stable governments. The bonds we hold are predominantly short-term bonds so we are not materially exposed, and therefore more resilient, to increasing interest rates. The average duration of the bonds we hold is currently under 6 months &ndash; with the majority of bonds having a remaining term of 3 months or less.For the money that we put into banks, we hold it with several reputable banks with strong liquidity. </div>

How Wise keeps your money safe

<div><h3>Adding money</h3>You can <a target="_blank" href="https://wise.com/help/articles/2596978/how-do-i-add-money-to-a-currency-account" rel="noreferrer">add money</a> to your account in these currencies: AUD, BGN, BRL*, CAD, CNY*, CHF, CZK, DKK, EUR, GBP, HKD*, HUF, IDR*, JPY, MYR*, NOK, NZD, PHP*, PLN, RON, SEK, SGD, TRY and USD.*BRL: you need to be a<a target="_blank" href="https://wise.com/help/articles/2965780/getting-verified-in-brazil" rel="noreferrer"> Brazilian tax resident </a>to add money in BRL*CNY: only if you're <a target="_blank" href="https://wise.com/help/articles/2955298/guide-to-cny-transfers" rel="noreferrer">eligible to send money from CNY</a>*IDR: can be used to top up any balance except IDR*HKD: only if your registered address is not in Hong Kong*MYR: only customers with an address in Malaysia can add MYR directly to their MYR balance*PHP: only customers with an address in the Philippines can add PHP directly to their PHP balance<h3>Holding money</h3>You can keep <a target="_blank" href="https://wise.com/#:~:text=Wise%20works%20nearly%20everywhere" rel="noreferrer">40+ currencies</a> in your account, and <a target="_blank" href="https://wise.com/help/articles/2596980/how-can-i-convert-money" rel="noreferrer">convert money</a> between any of them with the mid-market exchange rate.<h3>Receiving money</h3>You can receive money by bank transfer from other people in these currencies using account details.<table class="table table-striped table-condensed table-responsive">
<thead>
<tr>
<th>Currency</th>
<th>Receive locally</th>
<th>Receive with Swift</th>
</tr>
</thead>
<tbody>
<tr>
<td>AUD, CAD, EUR, GBP, HUF, NZD, SGD, USD</td>
<td>Yes</td>
<td>Yes</td>
</tr>
<tr>
<td>BGN, CHF, CZK, CNY, ZAR, UGX, AED, ILS, DKK, HKD, JPY, NOK, SEK</td>
<td>No</td>
<td>Yes</td>
</tr>
<tr>
<td>PLN, RON</td>
<td>Yes* (restricted)</td>
<td>Yes</td>
</tr>
<tr>
<td>MYR</td>
<td>Yes* (restricted)</td>
<td>No</td>
</tr>
<tr>
<td>TRY</td>
<td>Yes*</td>
<td>No</td>
</tr>
</tbody>
</table>
Note that some customers can't receive payments in some currencies:<ul><li><a href="/help/articles/2lDYkmGHRiyfl1T8XKuahU/how-do-i-use-my-myr-account-details">MYR</a> from any bank account in Malaysia (only available if you're a resident in Malaysia and only supported for personal accounts)</li><li><a href="/help/articles/2977948/how-do-i-use-my-pln-account-details">PLN</a> from any bank account in Poland (we&rsquo;ve had to stop users from getting PLN account details for now while we make improvements; if you have them already, you can keep using them as normal)</li><li><a href="/help/articles/2978062/how-do-i-use-my-ron-account-details">RON</a> local account details can receive from any bank account in Romania (only available if you&rsquo;re a resident in the EEA, Switzerland, the US, Canada, Australia, or Japan)</li><li><a href="/help/articles/2978080/how-do-i-use-my-try-account-details">TRY</a> is only available for customers not residing in T&uuml;rkiye.</li><li>USD: new account details are not available for businesses outside the US at the moment. 
<a href="/help/articles/2810318/can-i-get-usd-account-details">Learn more about getting USD account details</a></li></ul>Note: You can receive multiple different currencies to your GBP Swift/global account details:&nbsp;GBP, EUR, USD, AED, AUD, BGN, CAD, CHF, CZK, CNY, DKK, HKD, HUF, ILS, JPY, NOK, NZD, PLN, SEK, RON, SGD, UGX and ZAR.<a href="/help/articles/5zoKjEdRMag0F7IsGBA8sK/how-do-i-receive-local-and-global-payments-into-my-wise-account">Check where you can receive from and the latest fees</a><a href="/help/articles/2935927/how-do-i-use-my-gbp-account-details">Learn more about using your GBP account details to receive SWIFT payments</a>To receive money from other people in these currencies, just open a balance in the currency you&rsquo;re being paid in and give the account details to your friends, company or customers.<a href="/help/articles/2898124/how-do-i-receive-money">Learn how to receive money from others</a></div>