We're an internationally regulated financial institution. This means we answer to different regulatory institutions around the world.
If you live in Brazil and have a personal Wise account, you can open a balance and hold over 40 currencies with us, including BRL. The same applies if you have a Wise Business account registered in Brazil.
How do my balances work?
Wise is not a bank, so you don’t have a bank account with us. Because of the way we are regulated, if you have a BRL balance with us, this feature is provided to you by our Brazilian institution, Wise Brasil Instituição de Pagamento Ltda. ('Wise Pagamentos'), and is subject to the local Terms of use.
Balances in any other currencies are provided by Wise Payments Limited in the United Kingdom and subject to their standard Customer Agreement if you have a personal account, and this other Customer Agreement in case you open a business account with us.
We like to keep things transparent and simple. You can check the legal documents establishing the relationship between Wise and its customers on our website.