Wise lost Evolve & Trust Bank

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Alexmorgan

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Jun 7, 2023
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Some got Email that their US accounts in wise got stopped but not the rest of the accounts

Means all local transactions wont work anymore
 
I received an email informing me that my USD bank details have changed.
From what‌ I checked they changed from "Evolve Bank &trust" to "COMMUNITY FEDERAL SAVINGS BANK".
But has‍ anyone had this change?
 
COMMUNITY FEDERAL SAVINGS BANK is international⁠ but they clearly said no Local wire or ACH will work
 
They said that only local transfers to "Evolve‍ Bank &trust" will no longer work. If you use the new details you will be⁠ able to receive local transfers normally.

The title of the email I received was "Your⁤ local USD account details are changing.".

At the end of the email there is a⁣ link with more details:

They work exactly the same as your previous ones. You can⁢ receive domestic and international payments, set up Direct Debits and link your account to other︀ payment service providers.

https://wise.com/help/articles/2G69Jf6EEvf5TvYSlA8XjQ/were-changing-your-usd-account-details
 
I used to have a US-based Wise acct where the USD bank detail was with‌ Community Federal. And then I switched over to the EU-based Wise acct (and the USD‍ bank detail was with Evolve Bank & Trust). It's just looking like they're making things⁠ easier by having both US-based and EU-based account go to the same bank. Nothing exciting.⁤ =)
 
Are your USD accounts working with Wise and Envolve bank now ?
 
So Wise can set up real US bank accounts like a regular bank as long‌ as you can be verified as a US company or individual?
 
Seems thats the case

I live in Bahrain and they gave me‍ second layer of verification for the US account which not accepting

A lot who live⁠ out of US or EU having the same

Everyone in the world can have⁢ a US account with wise

Just get verification done and you good to go

Specially as they are partnering with JP morgan its prestigious to open a US bank account︀ with them now
 
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