Wise is not attached to any Australian bank therefore your money is not FCS protected. When doing my research Upbank, part of Bendigo and Adelaide Bank, came with good recommendations. When transferring funds Upbank use Wise therefore the rates are very good. I have used them for a year, very impressed so far. Money transfers are instant. A very small cherry on top, every now and then if I purchase a coffee Upbank pay for it. I never have very much money on the card unless I am purchasing from overseas or transferring funds.