It's important to remember that Wise is not a bank, they say so themselves: https://wise.com/us/blog/wise-as-bank-account https://wise.com/us/blog/wise-as-bank-

It's important to remember that Wise is not a bank, they say so themselves: https://wise.com/us/blog/wise-as-bank-account https://wise.com/us/blog/wise-as-bank-account It doesn't come with the same regulation and guarantees as a bank. It's a financial service and using them as a bank is quite risky in my opinion.