true but you need to trust Wise at some point if you leave your money with them, otherwise you should not use this EMI at all!
i definitely use emi's . but i don't store money in them , this trust leave you vulnerable (u are alone) and u cant predict emi's at any time that what im saying because u are not backed up with protection to free the money u are merely a client who floats on risks .
what's your experience in regards to limits to store with Wise?
70,000 for business accounts.
I was not aware of this. Maybe I should read their Terms and Conditions including their tariff's
I totally agree with you. There is no difference from Wise and other Neobanks, EMI's nor real banks.
Not true. Wise is a lot more serious than other EMIs, you can see it from how they do KYC and how they do stuff. Wise is a profitable company, which makes it a lot more solid than other companies which lose money, like revolut. For me between the EMIs is by far the safest option and the only one I trust with certain amount of money
”¦until they freeze your money and close the account rof/%
with me they only did KYC every year in a serious way. Of course with Wise anything which is not 100% legal will not work, while revolut might be more tolerant, which doesn't increase my trust about Revolut. As with every other things, it all depends on lots of factors, I have a high risk setup ( San Vincent and the Grenadines IBC then LLC ) but with a 100% legit business, I have contracts with big clients from UK, US, France and never ever put any money of my own into the company, I sent them all the contracts which justify every penny that came into the account. Had to be creative in explaining why some money was going out of the account to my mother bu sorted that out, will be more precise in the future 😀
