← Back to context Comment by Semaphor 11 hours ago That’s not a licensed bank, from what I can see. 2 comments Semaphor Reply phillc73 10 hours ago That’s right. Wise works with partner banks. However, their accounts are still covered by up to $250k of FDIC insurance. kevin_thibedeau 8 hours ago Insurance against collapse of the bank. FDIC doesn't insure against fraud because you expanded your trust relationship across multiple third parties with credentials to access your account.
phillc73 10 hours ago That’s right. Wise works with partner banks. However, their accounts are still covered by up to $250k of FDIC insurance. kevin_thibedeau 8 hours ago Insurance against collapse of the bank. FDIC doesn't insure against fraud because you expanded your trust relationship across multiple third parties with credentials to access your account.
kevin_thibedeau 8 hours ago Insurance against collapse of the bank. FDIC doesn't insure against fraud because you expanded your trust relationship across multiple third parties with credentials to access your account.
That’s right. Wise works with partner banks. However, their accounts are still covered by up to $250k of FDIC insurance.
Insurance against collapse of the bank. FDIC doesn't insure against fraud because you expanded your trust relationship across multiple third parties with credentials to access your account.