Question Has anyone tried the Wise (your Wise account) to another person's Wise account transfer?

[jafo]

As the title states: Has anyone used the Wise (your Wise account) to another person's Wise account transfer?
https://wise.com/us/blog/how-to-send-money-wise-to-wise
If affirmative, what's your opinion of it?
Would you use it again?

 

[VESTANON]

@jafo

would be testing that out shortly..

though as per use cases with EMIs, low amount transfers would be a breeze.

Higher figures tend to trigger requests for additional docs, DD, and most cases outright shutdown of acct..

moreso Wise current KYC levels have been amped up, with;
1. oneoff fees of 45£ to activate acct and IBAN features
2. Live KYC procedures
3. 3months banks statements
4. Latest Tax Declaration/clearance
5. 3months Payslip
6. Employment contract/proof of employment
7. Oneoff fee applies to both Biz acct& personal accts.
8. ability to top up acct via debit cards(3Ds/ OTP enabled)

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HighRisk P2P Card To Crypto Setups
ӢFiat->CryptoӢVerified EmiӢVcc Cards
ӢBank AcctsӢDebit CardsӢCrypto Emis
ӢCard To Crypto Cashouts
:[email protected] 😎​

 

[jafo]

VESTANON said:
low amount transfers would be a breeze.
Click to expand...

Can anyone quantify what "low amount transfers" are?
<=€1000 every 30 days?
or something else?

 

[VESTANON]

jafo said:
Can anyone quantify what "low amount transfers" are?
<=€1000 every 30 days?
or something else?
Click to expand...

recent fully verified acct would cater to 200£-500£ range within a 30day period after first month of functionality.

following months should see a relative increase, to about 800£ range...

with frequent account usage, a slight increase could be achieved within the months following..

though as a point of note, Emis have finnicky tendencies, abit unpredictable and much more... low amounts would do just fine under the radar...

Toggle signature

HighRisk P2P Card To Crypto Setups
ӢFiat->CryptoӢVerified EmiӢVcc Cards
ӢBank AcctsӢDebit CardsӢCrypto Emis
ӢCard To Crypto Cashouts
:[email protected] 😎​

 

[Sols]

No problems sending small and large transactions between verified accounts (personal/P2P and business/B2B/B2C/C2B) with Wise. Funds arrive within a few seconds, even when there's a currency exchange.

A handful of times, they have asked for supporting documents. Those reviews typically complete within one or two days. They seem to be a bit more relaxed about SOF/SOW checks on internal transactions than when you send/receive to/from other financial institutions.

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This is the probably the answer to your question.