TransferWise is an authorised Electronic Money Institution regulated by the Financial Conduct Authority (FCA) in the UK.
We're required by law to keep your money safe by storing it in a low-risk financial institution (in Europe this is in our UK Barclays bank accounts).
That means that, in the unlikely event that TransferWise became insolvent, your money would be unaffected and would be refunded to you in full within 10 working days.
We fulfil rigorous regulatory standards in the UK, Europe, federal and state regulators in the US, and every country we operate in.
Millions of customers trust TransferWise with their money. We move over £1 billion around the world every single month, and we take the safety and security of your money very seriously.