Transferwize/Borderless account - getting paid

[Dubsize]

Hi All,

would tranferwize block a wire of about USD 15k to a personnal borderless account ?
money would come from a U.S company and would be paid by a U.S bank.

Would they ask questions like source of income, stuff like this ? Anyone has experience in this ?

thanks

 

[Suzy Emerald]

I have moved to/from my Borderless account in a few occasions amounts of 20K Euro and no questions asked or anything blocked

 

[Dubsize]

Suzy Emerald said:
I have moved to/from my Borderless account in a few occasions amounts of 20K Euro and no questions asked or anything blocked
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Ok, sounds good.
Even incoming money from a corp would not be problematic according to you ?
Also, I have another question - till which amount you would trust them to keep your money, in other words, what's the amount you would leave there?

 

[Suzy Emerald]

I had had a client from UK wiring 20K Euro to my Borderless account paying an invoice. A lot depends from where the money comes in. Not sure to what amount to trust them. As mentioned in some earlier threads: check what bank the EMI has an account with. If the back bonde bank is solid, that is a big plus for the EMI I would say. So far I have had a very good experience with Transferwise but things can change rapidly. I would trust them with 100K max right now.

 

[helmax]

Good luck with transferwise they close accounts and dont tell why

 

[Dubsize]

helmax said:
Good luck with transferwise they close accounts and dont tell why
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I did not read much things like this about them, I am a bit surprise... Anyone else has good/bad experience to share?

 

[aplusbangla]

transferwise is totally unsecure for money transfering, blocking account for whatever a legal transaction or fraud. I had an account which was blocked for 10$ transfer. then I leave them once for all.

 

[Dubsize]

aplusbangla said:
transferwise is totally unsecure for money transfering, blocking account for whatever a legal transaction or fraud. I had an account which was blocked for 10$ transfer. then I leave them once for all.
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I see... which one are you using now ?

 

[alexundu]

they closed my legit account without any explanations

 

[David97255]

TW acting weird. They de-activate accounts without giving any explanation, hiding behind it s their rights to close account and not to give explanation.

Toggle signature
Scammed people on the forum!

 

[Suzy Emerald]

What jurisdiction is your corp in of those whose accounts got closed?

 

[David97255]

@Suzy Emerald UK, france

Toggle signature
Scammed people on the forum!

 

[Suzy Emerald]

Yes that is weird, assuming you have a legit business. My guess is that they have algorithms that pick out these accounts based on turnover, no. of transactions etc. But more weird is that they dont give an explanation for closing.

 

[niggashit]

They close account of mine for $200 transfer. Bitchy move as always.

 

[1nomad]

Did you get money back from the closed account?

 

[aplusbangla]

1nomad said:
Did you get money back from the closed account?
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NOOOOOOOOOOOOOOOOO

 

[negon]

I believe this is the business that you present to them which don't work once they look deeper into it! Transfer wise has great reviews and many people are just happy with them so I don't think they could keep the company a live if the services was that bad.

 

[Dubsize]

auric said:
I believe this is the business that you present to them which don't work once they look deeper into it! Transfer wise has great reviews and many people are just happy with them so I don't think they could keep the company a live if the services was that bad.
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Agree with you @auric

 

[Nat]

I've had only good experiences with TW, using it with a US Corporation, Panamaian Corporation, and personal account (EU resident)

 

[jackfrost]

Only good experiences here, lots of USD to EUR transfers, direct ACH USD etc. 5 figures per transaction no problems at all. Only coming from reputable US banks though. No problems of wiring the converted EURs along to Revolut Business either.