TW multiple businesses - Possible?

[bigladsmith]

Hi All,

Is it possible to have multiple businesses linked with one personal TW account?

If not then for each business do you need to set up another new (identical) TW personal account?

 

[void]

second option - for each business they require you to create another personal account (different email) which is then linked with the new business account

 

[bigladsmith]

Ok, that's no issue for me but do TW allow two identical personals accounts to be in existence? Before a business can be set-up then there must be a personal account active and verified too.

 

[void]

bigladsmith said:
Ok, that's no issue for me but do TW allow two identical personals accounts to be in existence? Before a business can be set-up then there must be a personal account active and verified too.
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yes, they have no problem with that and what I described is by design - check with support if you want to be sure but this is how it works

 

[bigladsmith]

I have spent the last hour looking for a comprehensive list of countries that TW accept for business purposes. Does anyone have such a list or a link to it?

 

[bilderberger]

They definitely alllow because I have four business accounts with them. You need to manually request approval before applying for each extra account however. And the most recent one I setup did not require a personal account in addition, it's a standalone business account with no linked personal account.

 

[rowena]

No need to create another personal account. Just register as "Business" after clicking the "Register" button. Once you finish your registration, give admin permission to your personal account.

 

[PaulKruger]

bilderberger said:
They definitely alllow because I have four business accounts with them. You need to manually request approval before applying for each extra account however. And the most recent one I setup did not require a personal account in addition, it's a standalone business account with no linked personal account.
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I agree with that, once you have a personal account with TW then you can setup a business account for several different companies in different countries. For instant one for the UK LTD, one for the Georgia LTD and one for a Cyprus LTD and so forth.

There is no need for more then one personal account regardless of how many businesses you will put under the umbrella.

 

[void]

PaulKruger said:
There is no need for more then one personal account regardless of how many businesses you will put under the umbrella.
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maybe so but a year ago it was necessary

 

[bilderberger]

void said:
maybe so but a year ago it was necessary
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Yes it definitely used to be the case, the first extra account I registered you had to signup for a personal account again first.

 

[CaptK]

Only problem is if you have an issue with one account they shut them all down whether it is your fault or not.

To many stories from clients.

 

[tweedshin]

i made 4 TW business accounts well by my companies located in 4 countries.

If it's not a subsidiary, but a company owned by an individual,
When there are 4~5 accounts, TransferWise blocks 4~5th account. They maybe suspect you because there are too many accounts.

And if you talk the detailed reason to TW, It is resolved.
It becomes available normally.

each 1 business + 1 personal account,
In my case, I have 4 business TW accounts + 4 personal TW accounts.
Even if the owner is the same, it will not be consolidated into one personal account.

 

[dirtyharry]

tweedshin said:
In my case, I have 4 business TW accounts + 4 personal TW accounts.
Even if the owner is the same, it will not be consolidated into one personal account.
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It looks like they have no standard for it, like another one in this thread I have 3 business accounts with TW but only one personal account. Each time I opened a TW business account I asked their support to help me.. no issues, works well.