No. Send is a non-custodial financial app, which means you hold your own money rather than a bank holding it for you. Your funds are available to you instantly, at any hour, without an institution sitting in between. When you deposit at a bank, the bank holds your money and your balance is a promise to pay you back. On Send, you hold it directly. Nobody can freeze your account, nobody needs to approve your transfers, and your money moves in seconds anywhere in the world.
