Wise advice

[Curiousfish]

Does any 1 know if u can accept gbp on a us llc wise business account on faster payment network or will it be swift only?? thanks

 

[Sols]

Unless it's changed recently, it'll be proper domestic accounts with Faster Payments.

 

[Curiousfish]

Sorry what does that mean not really clued up does it mean only‌ on uk wise business account

 

[EliasIT]

only on Wise UK accounts, but I believe you can get the GBP as second‌ account as I have that with a Swiss company

 

[ilke]

No, should work for all accounts. In‍ fact, they try to make you use the UK IBANs and accounts (whether for domestic⁠ or for SWIFT) as it is the only entity in the Wise group that processes⁤ its own multi-currency SWIFT clearing.
This is not correct (unless something has changed as Sols said),︀ you can get UK local clearing on GBP with Wise from a majority of countries,︁ have last used it with an EU Wise a few months ago though I am︂ not a big fan of the company.

 

[diatessaron]

You will get access to FPS.

 

[Curiousfish]

Ok thanks do you‌ know if it’s easy to open account for us plc Wyoming

 

[EliasIT]

Same procedure as with any other company, they are not that complicated. We have 7‌ companies with them all from different countries and all different company forms.

 

[diatessaron]

I can't comment on this but I don't think it‍ is much different than for a UK company for example.

 

[Forester]

I am also not a Wise fan and I am not following‍ them closely; but from what I have heard, Wise does not like US companies very⁠ much in the last time and they are quite restrictive. I would personally go for⁤ almost anything but Wise. For accepting local GBP payments with a US LLC, Airwallex is⁣ probably the easiest bet.