Wise is 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. 

As of 30 June 2025, our customers are trusting us with the equivalent of 18.1 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. 

How is this different from a bank?

We don’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’re not lending your money, we handle it differently by safeguarding it. 

What is safeguarding?

Safeguarding means we look after your money by keeping it separate from our own money, and making it available to you whenever you need it. 

How we hold your money can vary by country, for example:

• Wise Payments Ltd (UK)

• Wise Europe SA (EEA)

• Wise US Inc (USA)

• Wise Payments Japan KK (Japan)

• Wise Brasil Instituição de Pagamento Ltda (Brazil)

• Wise Payments Canada Inc (Canada)

Learn which Wise group entity provides services to you

Learn more about where we’re regulated

How we keep your money available to you even during market turmoil

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 mostly short-term bonds, so we’re not materially exposed to increasing interest rates, making us more resilient. 

The average duration of the bonds we hold is under 6 months, with the majority of bonds having a remaining term of 3 months or less.

The money that we put into banks, we hold it in several reputable banks with strong liquidity.

Note , the name for your 'main account' in Wise can vary based on your location. To find the exact terminology used in your region, please check the product directly.

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Adding money

You can add money to your account in these currencies: AUD, BRL*, CAD, CNY*, CHF, CZK, DKK, EUR, GBP, HKD*, HUF, IDR*, ILS*, JPY, MYR*, NOK, NZD, PHP*, PLN, RON, SEK, SGD, TRY and USD.

*BRL: You need to be a Brazilian tax resident to add money in BRL

*CNY: Only if you're eligible to send money from CNY

*IDR: Can be used to top up any currency except IDR

*ILS: Only if you're an Israeli national, independently of where you live

*HKD: Limited to non-Hong Kong personal customers and HK-registered companies. Approval required, all decisions are final.

*MYR: Only customers with an address in Malaysia can add MYR directly to their account

*PHP: Only customers with an address in the Philippines can add PHP directly to their account

Holding money

You can keep 40+ currencies in your account, and convert money between any of them with the mid-market exchange rate.

Note that customers with a Wise account registered in India aren't able to hold INR in their accounts.

Receiving money

You can receive money by bank transfer from other people in these currencies using account details.

Currency	Receive locally	Receive with Swift
AUD, CAD, EUR, GBP, HKD, HUF, NZD, SGD, USD	Yes	Yes
CHF, CZK, CNY, ZAR, UGX, AED, ILS, DKK, JPY, NOK, SEK	No	Yes
PLN, RON	Yes* (restricted)	Yes
PHP	Yes*	No
MYR	Yes* (restricted)	No
TRY	Yes*	No

Note that some customers can't receive payments in some currencies:

• MYR from any bank account in Malaysia (only available if you're a resident in Malaysia and only supported for personal accounts)

• PLN from any bank account in Poland (we’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)

• RON local account details can receive from any bank account in Romania. New RON account details are currently not available .

• PHP Instapay Bank transfers or e-wallet payments from the Philippines.

• TRY is only available for customers not residing in Türkiye

• USD local account details are not available everywhere. Check if you can get USD details

You can receive money from other people by bank transfer in the currencies listed below, using your account details. Select the account details of the currency you want to receive, and share them with the person sending you money.

Note : You can receive multiple different currencies to your GBP Swift/global account details:  GBP, EUR, USD, AED, AUD, CAD, CHF, CZK, CNY, DKK, HKD, HUF, ILS, JPY, NOK, NZD, PLN, SEK, RON, SGD, UGX and ZAR.

Learn how to receive money from others

Learn more about using your GBP account details to receive SWIFT payments

Account details for jars and groups

You can hold account details across your main account, Jars, and Business Groups if your account is registered in the UK, Australia, Israel, Canada and Singapore. For Hong Kong business accounts, this applies to main accounts and Jars only.

There are limits on how many sets of account details you can hold, based on your payment method and currency:

• Up to 10 sets of account details per currency available for receiving locally in AUD, EUR, GBP, HUF , CAD and SGD (via FAST).

• Up to 10 sets of account details per currency available for receiving Swift payments in CHF, CZK, CNY, ZAR, UGX, AED, ILS, DKK, JPY, NOK, SEK , and PLN .

• Up to 5 sets of account details available specifically for business accounts receiving SGD locally via GIRO.