TransferWise ban my account for trying to buy Crypto
- Thread starter Min Park
- Start date
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Remaining balances
If you still have money in your TransferWise balances when we close your account, we’ll send them back to your bank account. But first, we’ll carry out due diligence checks. While we do that, your money and information will be safe and secure.
Why should someone PM you about the company name? what is the point of your post, no one will be able to answer your question.
Are you saying you operate an exchange (which is against their TOS) or you setup TW account to benefit from better exchange rates that they offer? I assume they asked for supporting docs for your outgoing transfer? I've read a lot︀ of complains online that TW just deactivates accounts without explanation, but I'm still not sure︁ if it's due to something that's clearly against their TOS or they are simply overzealous.︂ If you can provide a tad bit more info, that would be fantastic.
I mean exchange of currency, receiving euro paying in hkd.
Don't get a lot of info.
I asked them what is the reason, they answered they cannot work with me. They︀ send back the balance to my other account.
They have not stolen at least and︁ I got my money back within 2 days.
Don't get a lot of info.
I asked them what is the reason, they answered they cannot work with me. They︀ send back the balance to my other account.
They have not stolen at least and︁ I got my money back within 2 days.
Sorry if I'm being invasive, feel free to ignore the parts that you don't want to share.
- were you able to provide invoices for your incoming transfers that clearly show that the funds are legit?
- did you wire the funds to your own account or someone else's? and did you wire all of them?
- If you wired the︀ funds to someone else, is it a business or personal account? and can this account︁ be tied to anything they forbid?
People have schemes when they wire the funds to︂ other people/business accounts for a number of reasons including tax evasion. I also know that︃ most banks are fine with it, so as long as you are within legal boundaries︄ and can provide a contract they won't take a second look. So I guess I︅ am just curious if TW doesn't want to do these transactions and blocks anything and︆ everything that even remotely resembles those (would be quite strange, but possible). But I also︇ think that most EMIs are used precisely for this reason.
Basically, I'm saying that maybe︈ they are trying to be on a clean side when their services are used by︉ those who only want to leverage low fees. They don't want to attract businesses that︊ use them as means for all kinds of schemes.
Or TW didn't like the source︋ of your funds.
- were you able to provide invoices for your incoming transfers that clearly show that the funds are legit?
- did you wire the funds to your own account or someone else's? and did you wire all of them?
- If you wired the︀ funds to someone else, is it a business or personal account? and can this account︁ be tied to anything they forbid?
People have schemes when they wire the funds to︂ other people/business accounts for a number of reasons including tax evasion. I also know that︃ most banks are fine with it, so as long as you are within legal boundaries︄ and can provide a contract they won't take a second look. So I guess I︅ am just curious if TW doesn't want to do these transactions and blocks anything and︆ everything that even remotely resembles those (would be quite strange, but possible). But I also︇ think that most EMIs are used precisely for this reason.
Basically, I'm saying that maybe︈ they are trying to be on a clean side when their services are used by︉ those who only want to leverage low fees. They don't want to attract businesses that︊ use them as means for all kinds of schemes.
Or TW didn't like the source︋ of your funds.
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