Hi all, any risk of potential closure of Wise account if transfering funds from Wise towards potential crypto friendly EMIs (to the likes of Bilderlings, Bankera or similar) ? Does it trigger a flag ? In the past, I've been banned by them for no apparent reson I qfigured out without possible discussion and now I'm a bit vigilant about any action which could upset Wise out the blue. Thanks
Risk of Wise acct closure feeding crypto friendly EMIs by nature ?
- Thread starter pucecacou
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wise->bankera hundreds of thousands without one single hiccup - I stopped couple of months ago when bankera got nuts but it had nothing to do with crypto and wise
Thanks for the reassuring feedback. I plan to use Bilderlings way more than Bankera. It has my preference.
Operations this way are running smoothly for everyone ?
PS: in which manner did "Bankera went nuts" ? I'm not aware, thanks for the enlightment
Operations this way are running smoothly for everyone ?
PS: in which manner did "Bankera went nuts" ? I'm not aware, thanks for the enlightment
definitely not an advice, make your own research and decision, I simply state fact
search the forum, discussed couple of times in other threads - they ask for nonsense (the real one, way above all the nonsense asked in the sector nowadays)
search the forum, discussed couple of times in other threads - they ask for nonsense (the real one, way above all the nonsense asked in the sector nowadays)
Be advised that Wise (as well as Revolut, BTW) is known to have one pitfall: Closing the (especially business) accounts without any warning or notice, without any reasonable explanation and︀ freezing the cash for undefined time. There is really a very remarkable number of cases︁ where their AI machine just makes a false deduction / misinterprets data (or/and some poorly︂ payed trained monkey at the first line of compliance departement does the same); and the︃ dispute takes eons. There is a lot of (true) stories here at forums describing account︄ blockings for no apparent reason, exactly as you mention in your post; and a lot︅ of true stories describing account blockings for a very clear reason like a crypto-related operation︆ (that is really against their ToS).
Putting all this together, make your own conclusion...
(I, personally, do not consider Wise neither reliable nor predictable for any other use case than︇ you work as a porter, pay for your groceries and from time to time send︈ some amount to your parents somewhere. Or perhaps you have a grocery shop and pay︉ to your local suppliers.)
Putting all this together, make your own conclusion...
(I, personally, do not consider Wise neither reliable nor predictable for any other use case than︇ you work as a porter, pay for your groceries and from time to time send︈ some amount to your parents somewhere. Or perhaps you have a grocery shop and pay︉ to your local suppliers.)
@Gediminas things are almost always fine when you have right connections w/EMI senior management.
However, from the perspective of general Bankera user who opened an account him/herself, do you think it is totally fine to have to go to third party (you in this case) to try solving many problems that are evidently present within Bankera's onboarding/compliance workflows?
However, from the perspective of general Bankera user who opened an account him/herself, do you think it is totally fine to have to go to third party (you in this case) to try solving many problems that are evidently present within Bankera's onboarding/compliance workflows?
Blackcatcard works as a charm
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
Nebeus is good
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
How long have you been using the card and how much do you in average hold there? You don't need to say the exact figure but just something that could give me an impression on if they are worth it.
Im with them for 3 years now. I hold a base balance of about 20k, have moved through it up to 200k in a single transaction (so it happened that I had a balance of 200k+ for 24h). You can only send SEPA payments and for some reason you can't send to GB.
Never had any problem. The customer support is good.
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
Malta
they only offer one Iban per client, from Ireland
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
In the terms and conditions of Wise, it is mentionned that everything related to crypto is prohibited:
1.2.2 Financial and other professional services
- Binary options.
- Escrow services.
- Using Wise Borderless︀ account as an escrow account.
- Using Wise Borderless︀ account as an escrow account.
- Companies involved in the exchange or trading of cryptocurrencies, or any other virtual currencies.
- Including payments for the purpose of purchasing cryptocurrencies.
- Including payments for the purpose of purchasing cryptocurrencies.
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