Xsars sums this up very well, they do the further compliance checks down the road as we found out to our cost.....if they don't like it, rather than question, lock the account up for 60 days, no messing about. We've currently a 6 figure sum locked with them, all legit and compliant but they seem to have gone the same way as Revolut. To be avoided if moving decent volumes
TransferWise no questions asked
- Thread starter NicolasMaduro
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If a UBO opens TW account, but on registrar papers there is a nominee director/representative, will they freeze accounts? will it be enough to provide declaration of trust document? or it will be simply violating their guidelines and they will freeze?
Asking because in the account creation process they are actually not asking much, just company name and person name without really specifying what person.
Asking because in the account creation process they are actually not asking much, just company name and person name without really specifying what person.
I second both... it all depends on where you live and what business you are into. Some of us around had their account approved with less documents and within hours while others got declined or at least struggle to provider anything useful.
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