Best Residency for Wise outside of the EU

[yngmind]

What residency would you use for the Wise personal account outside the EU to have a multi-currency account?

I think Thailand, and Indonesia should work well, but you will really have to verify that you live there, they are checking it now.

UAE wise doesn't provide multi currency acccounts.

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[daniels27]

Switzerland is probably the best for now

 

[daniels27]

FYI, the list is here:
https://wise.com/help/articles/2813542/where-can-i-open-a-wise-balance

You may want to change the address of your‌ other bank account to the one you want to use on Wise to have an‍ address proof.

 

[yngmind]

Thanks for the links. Georgia and Thailand seem like easy options. I have bank accounts‌ in both countries, and I have a driving license in Thailand, and I can get‍ one in Georgia for sure.
Why they don't have the UAE in the list?

Damn they even have China, WTF

 

[daniels27]

Which bank do you use⁠ in Georgia and Thailand? Do you have a residency in Thailand for the driving licence?⁤

They do not offer the world account, apparently.

 

[yngmind]

BOG and Bangkok bank.

I don't have residency in Thailand, but I have a Thai driving license.

 

[pieceofmind]

Ya my Wise account was completely crippled when I had a residency in the UAE.‌ Royalty owns banks and communication and are important pressure points for controlling a people.

 

[yngmind]

I had EU wise, and once I opened a Wise app⁠ with the UAE IP, they started a KYC process, requesting EU residency, address etc.

 

[daniels27]

But you did not have an address proof?

 

[yngmind]

I'm wondering, will I have a multi-currency corporate wise account with the UAE residency?

 

[daniels27]

No, the world account is not available. You can still use‍ their FX tool.

 

[JackAlabama]

Do you have any actionable advice on how to achieve this?

 

[Nomado]

I had an old EU address on my wise account. They, 6 years after the‌ account opening, decided to ask me for a proof of address... I had moved to‍ the uae by now. I changed to my uae address, not knowing they do not⁠ provide service to uae residents.
Well, 3 mn after the address change I received an⁤ automatic email saying I had to empty my balance and close my account blablabla.
I changed back the address to the EU one in minutes lol
Since then (6 months⁣ ago), they still are waiting for the proof of address and have restricted the account⁢ (cannot send of receive transfer) but I still can use the cards.

 

[yngmind]

Go to Thailand, find a company that helps with your driving license, pay 10,000‍ THB, get your Thai driving license, enjoy.

Same you can do in Indonesia, even more⁠ straightforward.

 

[yngmind]

You didn't provide them proof yet?

 

[daniels27]

Do they accept bank statements as address proof?

 

[Nomado]

Not yet, I told‌ them I will update them later.

Yes they do.

 

[yngmind]

Before we‌ can verify your account, we need to know that you have the right to live‍ in your country of primary residence. This is so that we meet local regulations.

You’ll need to upload a document that shows your right to residency. We can accept the⁠ following:

• Your passport’s photo and visa pages
• Your driving licence (both sides)
• Your residence permit (both sides)
You can see the full list of documents we’ll accept⁤ when you go to upload yours.

 

[daniels27]

What did it show there? What is your citizenship?‍ You are not European?

 

[yngmind]

I haven't provided anything yet. I will use a Thai driving license‍ since it gives a multicurrency account, and wise doesn't really bother you. I don't want⁠ to have the EU address there.