How much trust you put into wise?
- Thread starter aage
- Start date
- Status
I personally trust them quite a lot but holding only tens of thousands for operative purposes
my friend once held 350k for real estate deal - no problems whatsoever
and I'm sure there are people with balances of 7 figures which I wouldn't do 😀
my friend once held 350k for real estate deal - no problems whatsoever
and I'm sure there are people with balances of 7 figures which I wouldn't do 😀
Wise will not steal your money, but will eventually close your account. It’s just a matter of when, not if. That is unless you use it for receiving your monthly salary and paying for groceries, in which case there is a chance it will not happen.
Six and seven figures , no problem for transferring funds through. I do and see it all the time. Just make sure what you do is completely legal, fully in line with their AUP, and that you have supporting docs (invoices, agreements) for everything.
Had 7 figs in there without issues, when i tried to set up a company account (BVI) they closed my personal and New BVI company going through verification, after emailing them, it was re-opened immediately but could not have the newly created BVI corp on there.
That's the key with Wise. Nice single monthly payments and you be fine. Multiple payment from multiple sources especially in USD then one day you will get that tap on the shoulder.....lol.
For business accounts keep it very simple. You got multiple sources of income then use multiple EMI's i.e one for each source︀ and you will be fine long term 😉.
For business accounts keep it very simple. You got multiple sources of income then use multiple EMI's i.e one for each source︀ and you will be fine long term 😉.
True: the best use of Wise is if you work 9-5, receive your salary and use the money to buy groceries. Anything more complex than this and your accounts will be closed. And of course, you will︀ be asked to provide supporting documents for the legitimacy of your salary and of your︁ groceries purchases.
I voted "up to 10k" because I have read their AUP and while everything is plain and clear, I am only one transfer from the wrong source away from account closure and months of anger. It's the best EMI for sure but at the end of the day it is only another computer with a large laundry list of compliance rules.
For larger sums even >5k I prefer Switzerland. Good judicial recourse over disputes. Banking nation. Not that I have any bitcoins or other coins but I like their liberal stance on it. No privacy for decades but all in all they have a ton︀ of trust to lose.
For larger sums even >5k I prefer Switzerland. Good judicial recourse over disputes. Banking nation. Not that I have any bitcoins or other coins but I like their liberal stance on it. No privacy for decades but all in all they have a ton︀ of trust to lose.
Unfortunately Switzerland already lost also the︁ little trust they had left. The judiciary is as slow as in any other country,︂ and the people left working in the banks are those who couldn’t find a better︃ job or prefer that to a janitor position.
lol...just looking at the voting. They are one of the most trusted EMI's out there and they still get most people here voting for up to 10k 🙁.
- Status