High USD amount from offshore to Wise

[BEALMAN]

You are totally accurate. I'll use another service, specifically designed to hold funds and pay interest, as well as conforming to int'l laws for banking. Have a great day.

 

[Silvio]

BEALMAN said:
You are totally accurate. I'll use another service, specifically designed to hold funds and pay interest, as well as conforming to int'l laws for banking. Have a great day.
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Feel free to share with us this wonderful EMI that allows you to hold funds, and pays interest...

 

[rowena]

BEALMAN said:
There is a preponderance of negative information that should tell anyone with a brain to stay the hell away from Wise! I opened an account, sent $20.00 to test the process and activate my account. The $20.00 disappeared, and the account I didn't have was deactivated! If they aren't crooked, they're inept and should be closed down. To think I almost deposited five figures with them for safekeeping!
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Do you really think that the publicly listed $13 billion company stole your $20?

 

[BEALMAN]

rowena said:
Do you really think that the publicly listed $13 billion company stole your $20?
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NO, they didn't "steal" it! Their actions indicated their ineptness and lack of customer service. Whatever the label, I didn't get the $20.00 back!

 

[BEALMAN]

If I had transferred a hundred million and the same thing happened, what would you call it - a contribution?

 

[mepi78]

BEALMAN said:
After major research, the only p[ositive comments on Wise, was when they sent $100.00 to their Mother or Brother in another country. A preponderance of the comments referred to freezing, closing, holding, and losing money of various amounts. The comment about "jumping off a building naked" best sums up a relationship with Wise. Fortunately, I did the research before sending Wise a six-figure fund for safekeeping.
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Which solution did you end up using instead of wise?

 

[BEALMAN]

I continue to study what everyone else is saying, even governmental reports. There are several locations considered bad for varied reasons, mostly because they are required to report to either GB or the US. To answer your question, I haven't located what I want. Uruguay has been referred to the Switzerland of the southern hemisphere, but no one can give me contact information. All I find on this Central Bank is in Spanish. I have set queries about opening an account, with no replies. Let me know if you find anything. The USD looks weaker every day!

 

[BEALMAN]

If anyone has information on opening an account in Uruguay, please let me know. Thanks

 

[manwithtoupe]

no1d said:
For dividend payouts my banks ask for board minutes but in some cases they might ask for source of funds.
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What did you have to provide as source of funds?

 

[mepi78]

polonieth said:
Wise works perfectly for many people. I use it daily and have received, and paid out several hundred thousand this year.

The stories you hear of things gone wrong are the fault of the individual in most cases. I'm sure we'd all love it if they let us transfer millions in crypto, process payments for adult sites and be used as a conduit to bring in money from obscure offshore companies, but that isn't an option.
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Do you keep using Wise with no issues?

May I ask where is your company located?

Thank you very much.

 

[polonieth]

mepi78 said:
Do you keep using Wise with no issues?

May I ask where is your company located?

Thank you very much.
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Yup, had no problems but I'm not in any sketchy industries. Affiliate payments mostly.

UK Ltd.

 

[georgio]

polonieth said:
Yup, had no problems but I'm not in any sketchy industries. Affiliate payments mostly.

UK Ltd.
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I have a UK Ltd. as well but reside in the eu.. Did you need to have a director based in UK?