Ok I dont understand how this is possible, if I ask them on live chat they say no? Are you sure
Transferwise deactivated account to Bankera
- Thread starter Sondrax
- Start date
- Status
Wise is just poo¤%&& I wonder how so many people still try to use it after all the horror stories
Toggle signature
@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
🙂 Nicely formulated 🙂
But with all due respect, just to (openly) breach the TOS and︀ not to expect an account freezing is, aehm, not a very reasonable behaviour 😉.
I am also afraid that neither financial ombudsman nor a legal action will help you a︁ lot; Wise very probably can easily prove that the problem lays on your side. Of︂ course, (very probably) they cannot simply confiscate your assets but (maybe) they can penalise you︃ somehow (I am not familiar with their TOS) and the legal procedures may take eons...︄ 🙁
But with all due respect, just to (openly) breach the TOS and︀ not to expect an account freezing is, aehm, not a very reasonable behaviour 😉.
I am also afraid that neither financial ombudsman nor a legal action will help you a︁ lot; Wise very probably can easily prove that the problem lays on your side. Of︂ course, (very probably) they cannot simply confiscate your assets but (maybe) they can penalise you︃ somehow (I am not familiar with their TOS) and the legal procedures may take eons...︄ 🙁
This isn't the point. If you broke the rules, it is normal for your account to be closed. The problem is, they didn't even ask for an explanation, they just closed the accounts. They cannot know if the person from whom I received the money wasn't my woorker or client which paid me for goods/services.
Same as they closed accounts with a normal person I just paid for services / stuff. You don't do it, and a normal company can't operate that way. As a recipient, I shouldn't care where I get the money from, it is important whether the person pays me for a︀ service / product that is 100% legal and doesn't break its regulations.
You have a︁ business, you trade with various contractors, it turns out that one of your clients paid︂ you with money that violated its regulations and thus "cut off" you, your clients and︃ your entire business is lying. Wise advertises itself as an alternative to banks, business friendly.︄
At the moment, my entire business and my clients have a problem and closed accounts,︅ because my main client (who was my employee) was getting money illegally (but 100% legally︆ under the applicable law of the country) had gambling money.
The money should be recoverable,︇ but no one will pay me back my time, nerves and lost clients.
Same as they closed accounts with a normal person I just paid for services / stuff. You don't do it, and a normal company can't operate that way. As a recipient, I shouldn't care where I get the money from, it is important whether the person pays me for a︀ service / product that is 100% legal and doesn't break its regulations.
You have a︁ business, you trade with various contractors, it turns out that one of your clients paid︂ you with money that violated its regulations and thus "cut off" you, your clients and︃ your entire business is lying. Wise advertises itself as an alternative to banks, business friendly.︄
At the moment, my entire business and my clients have a problem and closed accounts,︅ because my main client (who was my employee) was getting money illegally (but 100% legally︆ under the applicable law of the country) had gambling money.
The money should be recoverable,︇ but no one will pay me back my time, nerves and lost clients.
You will need far less time to setup a crypto wallet and instruct your clients and partners to switch to crypto. And you will never again have to worry about some psycho monkey in a compliance department to steal your money.
Toggle signature
@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
Just remember that stablecoins might not be so stable, whereas 1btc will always equal to 1btc
Toggle signature
@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
good news, you should update your thread with the last part of your information here, just a hint 😉
In total I did now knew that they are not allowing crypto purchase via Wise. I realized that after I bought crypto and they banned my︀ account.
They can close my account but they can't hold my money, they should withdraw︁ them instantly.
In your post you wrote that "(I am not familiar with their TOS)"︂ and "Of course, (very probably) they cannot simply confiscate your assets but (maybe)"
If you︃ don't know nothing why you are even posting here?
They can close my account but they can't hold my money, they should withdraw︁ them instantly.
In your post you wrote that "(I am not familiar with their TOS)"︂ and "Of course, (very probably) they cannot simply confiscate your assets but (maybe)"
If you︃ don't know nothing why you are even posting here?
At first, please do not take anything that I write personally – I am just discussing the matter of︀ a common interest 🙂.
If I say ”I am not familiar with their TOS” then︁ I mean that I do not remember their TOS in detail, in particular re: sanctions︂ & penalties, so I consider possible that there are some sanctions that may follow breaching︃ of TOS, resulting in some financial charges. I just consider very improbable, that it may︄ cause confiscating of your assets, as it would be inappropriate just for one crypto related︅ transaction. (Wise is under UK jurisdiction that is not unknown to me.)
It does not︆ mean that I know nothing 🙂 – I remember well that when I went through the︇ procedure of opening an account with Wise (some time ago, when I was not so︈ informed and also Transferwise /their ancient name/ was working better; I do not have this︉ account now) I had to agree, as a part of TOS, with their Acceptable Use︊ Policy (I do think that you had to agree with this document, too), where the︋ ban for all the crypto-related transactions was very clearly stated. And, as I have checked,︌ it did not change – see Wise-Customer Agreement - TransferWise.com, par. 1.2.2.c.
So, you︍ should have known that they are not allowing crypto purchases 😉 (no intention of an offence︎ 🙂 )
I agree that they should send your money to you, I was just questioning️ the procedure and the timescale... 🙁
@Sondrax: I fully agree with you.︉ I was reacting to @Social Solutions's post (that I quote above my text). Your︊ situation, as you described it, is different. And I can only repost my favourite mantra︋ re: Wise/Revolut:
Wise (as well as Revolut) is known to have one pitfall: Closing the︌ (especially business) accounts without any warning or notice, without any reasonable explanation and freezing the︍ cash for undefined time (evt. search here at forums). AFAIK, nobody lost the money, finally︎ they return it to the owner but even freezing your cash for some months can️ ruin your issues perfectly.
Of course, it can happen with another EMI, too; but at Revolut/Wise it is AFAIK quite frequent. Perhaps, they are too big to handle all the related agenda effectively and too known not to attract very different people, sometimes definitely with really shady intentions...
So I would not recommend neither Wise nor Revolut for any “mission-critical” usage... 🙁
If I say ”I am not familiar with their TOS” then︁ I mean that I do not remember their TOS in detail, in particular re: sanctions︂ & penalties, so I consider possible that there are some sanctions that may follow breaching︃ of TOS, resulting in some financial charges. I just consider very improbable, that it may︄ cause confiscating of your assets, as it would be inappropriate just for one crypto related︅ transaction. (Wise is under UK jurisdiction that is not unknown to me.)
It does not︆ mean that I know nothing 🙂 – I remember well that when I went through the︇ procedure of opening an account with Wise (some time ago, when I was not so︈ informed and also Transferwise /their ancient name/ was working better; I do not have this︉ account now) I had to agree, as a part of TOS, with their Acceptable Use︊ Policy (I do think that you had to agree with this document, too), where the︋ ban for all the crypto-related transactions was very clearly stated. And, as I have checked,︌ it did not change – see Wise-Customer Agreement - TransferWise.com, par. 1.2.2.c.
So, you︍ should have known that they are not allowing crypto purchases 😉 (no intention of an offence︎ 🙂 )
I agree that they should send your money to you, I was just questioning️ the procedure and the timescale... 🙁
@Sondrax: I fully agree with you.︉ I was reacting to @Social Solutions's post (that I quote above my text). Your︊ situation, as you described it, is different. And I can only repost my favourite mantra︋ re: Wise/Revolut:
Wise (as well as Revolut) is known to have one pitfall: Closing the︌ (especially business) accounts without any warning or notice, without any reasonable explanation and freezing the︍ cash for undefined time (evt. search here at forums). AFAIK, nobody lost the money, finally︎ they return it to the owner but even freezing your cash for some months can️ ruin your issues perfectly.
Of course, it can happen with another EMI, too; but at Revolut/Wise it is AFAIK quite frequent. Perhaps, they are too big to handle all the related agenda effectively and too known not to attract very different people, sometimes definitely with really shady intentions...
So I would not recommend neither Wise nor Revolut for any “mission-critical” usage... 🙁
Well.
1) My experience is antithetical. I do not know any trustworthy example of a case when someone lost his money, always it was refunded. It is not a proof, of course; anoyone's mileage may vary 🙂
2) What does it mean “I read on the internet”? What is the source? Internet is full of the information garbage and of the valuable information as well.
(Having said all the above,︀ ceterum censeo: Wise sucks 😉 😉 )
1) My experience is antithetical. I do not know any trustworthy example of a case when someone lost his money, always it was refunded. It is not a proof, of course; anoyone's mileage may vary 🙂
2) What does it mean “I read on the internet”? What is the source? Internet is full of the information garbage and of the valuable information as well.
(Having said all the above,︀ ceterum censeo: Wise sucks 😉 😉 )
- Status