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>The TransferWise program in the United States is sponsored by Community Federal Savings Bank, to which TransferWise is a service provider, except in certain st
by wil421 8y ago
>The TransferWise program in the United States is sponsored by Community Federal Savings Bank, to which TransferWise is a service provider, except in certain states in which TransferWise Inc. is a licensed money transmitter.
What is the difference between states using an intermediary bank and ones with TransferWise Inc?
- eridius 8y agoI can only speculate but based on what you quoted, I would guess that TransferWise Inc. is only a licensed money transmitter in some states, and so must partner with a bank in the other states in order to function.