Home > Wise

Wise

Wise

Is Wise a bank?

Is Wise a Bank? Short answer: no, it is not. The company does not hold a UK banking licence and balances are not protected by the Financial Services Compensation Scheme (FSCS). Long answer: Wise is not a bank as it does not lend out customer deposits to third parties. It is primarily a low-cost international

Is Wise a bank? Read More »

Scroll to Top

💬 Got a money question? Ask the experts before you go.

  • Investing, trading, or transferring money?
  • Don’t leave without getting the answer you need.
  • Our community and experts are ready to help – ask your question now!