For our customers sending money with Wise or holding money in the Wise account in the US, in keeping with US state obligations, we protect our customers’ funds in a mix of cash in leading commercial banks and investments in secure liquid assets, primarily government bonds. We also keep your money separate from the money we use to run our business.

We hold funds in cash with the banks and in assets that are deemed low risk and highly liquid in order to diversify risk and maximize liquidity. We take this approach to make sure your money is highly liquid and therefore always available to you. 

We limit the term-to-maturity of any single bond purchase to a maximum of 2 years and the average duration of the portfolio, to a maximum of 1 year.

We are not a bank, which means we do not lend out our customers’ money to people or businesses. It also means our money transfer service and Wise account balances where you haven’t opted into interest are not subject to Federal Deposit Insurance Corporation (FDIC) insurance.