The worst EMI in the world
- Thread starter Overtrade
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Why? Apart from rubbish customer service. I use its debit card daily.
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
I don't think it's redundant at all. When a bank examines the details and banking history of a client, they examine data containing both good and bad points over the years. The bank then makes a decision about that individual. This is part of KYC and AML. However, the client also︀ has a duty and even an obligation to do their own due diligence. This may︁ involve public data such as market capitalization, profit, liquidity, history of CEO etc but also︂ information gathered from other sources. Websites like this one serve as a very important source︃ of such information. Since the fiasco that was the Great Financial Crisis, a client's KYB︄ and AML checks are more important than ever. Simply do an internet search for 'bank's︅ name' + court+ fine+ corruption+money laundering...etc and you see what I mean.
Elias, I agree with you. Wise provides a good service. My post was really to emphasise the irony and sarcasm in the hoops through which we have to jump in order to satisfy their 'checks' while the banks continue their own agenda of turning those checks on their head when it comes to their own shortcomings. 😎
You probably need a large poll covering 1000s of people to get an answer. I think that this forum is perhaps too small to draw any definite conclusions- apart from a few really bad ones. We've all had both good and bad experiences with the same EMIs. e.g. Revolut has been mostly good, but their software has really screwed up at times, asking me the same questions, I.D. that they already have etc. At one point I had a reminder to send my tax code., even though︀ I had sent it years ago. I finally discovered that they had added Ireland to︁ my 'tax residency'. I've never been to Ireland in my life!
But the EMI with︂ the worst name? Definitely Yuh! 🙄
But the EMI with︂ the worst name? Definitely Yuh! 🙄
They emailed me asking about invoices for 2 payments I received, I provided info regarding those 2 transactions and asked if they needed anything else, they replied asking for an actual invoice, I provided that, they never got back to me...
1 week goes by, I receive an email saying my account will be closed because I haven't provided the info they requested. I tried contacting them again, they never replied.
1 week goes by, I receive an email saying my account will be closed because I haven't provided the info they requested. I tried contacting them again, they never replied.
Zen is crypto friendly. What kind of transactions did you make?
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
It is easy if you look at previous posts they were fined 3 times for illegal activity.
September 2021 Wise CEO fined hundreds of thousands of pounds
https://www.telegraph.co.uk/business/2021/09/27/billionaire-wise-founder-fined-uk-tax-violation/
August 2022 Abu Dhabi's free zone financial centre said on Tuesday it had fined the local subsidiary of fintech firm Wise $360,000 for breaching anti-money laundering (AML) requirements.
https://www.reuters.com/technology/fintech-firm-wise-fined-360000-by-abu-dhabi-regulator-2022-08-30/
Oct 2024 The founder of the money transfer service Wise has been fined £350,000 for failing to inform the City regulator that he had failed to pay his taxes.
https://uk.finance.yahoo.com/news/billionaire-tech-boss-fined-failing-091802781.html
But when I tried to transfer my︀ money to my own company because the bank is in Hong Kong they denied my︁ transaction and closed my account they asked for bank statements etc... which I provided now︂ waiting for them to give me back my money.
Ohh their Compliance & AML is︃ s**t they are saying I'm a scammer and I had the account for 7 years︄ (used it for small transactions up to 1000) a joke especially coming from them.
Currently opening a bank account is Singapore so I can stay away from jokers like wise.︅
September 2021 Wise CEO fined hundreds of thousands of pounds
https://www.telegraph.co.uk/business/2021/09/27/billionaire-wise-founder-fined-uk-tax-violation/
August 2022 Abu Dhabi's free zone financial centre said on Tuesday it had fined the local subsidiary of fintech firm Wise $360,000 for breaching anti-money laundering (AML) requirements.
https://www.reuters.com/technology/fintech-firm-wise-fined-360000-by-abu-dhabi-regulator-2022-08-30/
Oct 2024 The founder of the money transfer service Wise has been fined £350,000 for failing to inform the City regulator that he had failed to pay his taxes.
https://uk.finance.yahoo.com/news/billionaire-tech-boss-fined-failing-091802781.html
But when I tried to transfer my︀ money to my own company because the bank is in Hong Kong they denied my︁ transaction and closed my account they asked for bank statements etc... which I provided now︂ waiting for them to give me back my money.
Ohh their Compliance & AML is︃ s**t they are saying I'm a scammer and I had the account for 7 years︄ (used it for small transactions up to 1000) a joke especially coming from them.
Currently opening a bank account is Singapore so I can stay away from jokers like wise.︅
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