> although Wise keeps insisting it's not a bank, fooling exactly nobody I think it has to do this, at least in the UK (where they're domiciled). The UK has ver

> although Wise keeps insisting it's not a bank, fooling exactly nobody I think it has to do this, at least in the UK (where they're domiciled). The UK has very strict regulations on financial products, and especially around using the word 'bank', so they probably need to be absolutely profuse in letting customers know they're not a bank.