Got a message from WISE that the transfer is complete. In that message it says that they received 115.20 EUR from company X to transfer to me. Right underneath that, in the same message, it says "You received 85.20 EUR." That's almost 20% less... why!?
If you have a wise business account, and your receiving money from someone with a personal account. You'll provide your email address. That's all they need. But then in follow up emails from wise, or on the senders account area, what information about you or your business are they able to see? Do they get all your personal information as well? Or are they just seeing your business name and email? I'm trying to figure out if there's any privacy on there or not for wise business account holders? If you know let us know. Thanks.
I'm transferring money from my UK bank account to an Australian bank account in my name. I had a Wise account and card and the app on my phone with fingerprint security. I hadn't seen this video, so on the app I converted money from British Pounds to Australian Dollars at the mid market rate. Then I selected the amount I wanted to send ($1,500) in my Australian dollar account to my Australian bank account. It appears I was charged 57c for this transaction that takes around 2 working days (but longer as it is over the Christmas break). The app has a diagram showing me progress and a date when it is complete. I am presuming this is equivalent to the low cost transfer option? I can't remember being offered the other more expensive options when I used the app.
Hi there! I am new to wise. May I ask you if you had to open two wise accounts in your name in order to do a transaction between your accounts from UK to Australia? If one did you have to register it under account you are sending money from? Thank you!
@@liudmilas5306 No, when you open a WISE account (I did from the UK) there are certain countries (Australia is one of them) where you automatically get an Australian bank account number with the WISE bank registered in Melbourne. The full list is European IBAN British account number, branch code (sort code), IBAN US account number, branch number (routing number), bank code (SWIFT/BIC) Australian account number and BSB code New Zealand account number Canadian account number and transit number Singapore account number, bank code Turkish IBAN Hungarian account number, bank code Romanian account number, bank code
When it says money on it way and says We're a bit delayed - here are some possible reasons: It's taking us longer to convert your money Our banking partner might be experiencing downtime. What’s the solution to this ?
Just signed up but absolutely no idea how to use it. Need to transfer a large amount from a £ Stirling account held in a foreign country back to UK. (So £Sterling both ways). Unfortunately its not clear what my options are or even how to do it. Would it be easier to transfer directly from the Bank that holds my accounts in different denomination.?🤔
Hey Ali, just visit www.Monito.com and put your transfer details in. We’ll tell you who the cheapest and best provider will be for your transfer.. Let me know if you have any questions ^Jonny
Hello, I sent money from my Canadian account to my Korean account with Wise last week, but the money went out to my Canadian account and the money did not come into my Korean account. can you wait? It is difficult to give a general answer by sending a message to the customer center.
Hey Kev. When you transfer the money you send your native currency and that's exchanged for the recipient's currency. This means you'll be transferring from your bank account or card so you already have that currency. Hope that helps. ^Jonny
Hello Monito, For Wise account holders, what happens to their account when they die? How do their beneficiaries claim their account? With banks in the U.S. the account holder can designate "POD name of beneficiary" (POD means "pay on death" to my beneficiary named in my account) and the beneficiary can just present the account holder's death certificate to claim the money from the account. How do you deal with this with Wise account? Thank you so much.
Good question Yanni. As far as I can see Wise doesn't have any specific information on this. I think it would work in the same way with Wise. The account holder would need to designate someone within their will which the probate would then approve. That's just a guess but it would surely just come down to whatever the will says. ^Jonny
Hello monito , money has sent since from 4 days and still not credited to the account where can i find help desk as I don't have wise account amount has sent to bank account through wise please help tome resolve this conflict
I been getting money with no problem today on a weekend I accepted a payment and it did not send me confirmation email or track like it usually does I don’t know why.
Hello, wise is asking for my verification when I’m making a transfer and saying that it’ll take 2-3 working days and will resume automatically after verification , just wanna know will i get the same exchange rate after the verification or the new exchange rate cause as they said it’ll take 2-3 days. Please let me know 🙏🏻🙏🏻🙏🏻
it is 2023 for god's sake...we shouldn't even be needing these cheaper methods anymore. millions of people are sending money to and fro places why isn't there somebody that can do this really fast and cheap? it seems wise is also problematic at times.
I just checked www.Monito.com (www.monito.com/en/compare/transfer/ca/in/cad/inr/1000) for 1000 CAD to India, WISE are an option but not the best. If you check our comparison engine and enter how much your friend wants to send, she'll get more details. ^Jonny
hi i just had the worst experience with this bank. somebody sent me money, i waited 8 hours and my money still not in my acc. suddenly they forced the sender to send more money to the bank...and forced me to send money to the sender. SO than i still dont have my money. SO, I HAVE NO MONEY ON MY ACC THAT IS WHY MY FRIEND SENT ME MONEY.....HOW COULD I POSSIBLY SEND BACK ANYTHING IF I DONT HAVE MONEY ON MY ACC????????? THE WORST BANK EVER DO NOT USE IT! NOW THEY HAVE MY FRIEND AND MY MONEY.... we been robed
I opened an account with wise to receive payments from the US and before I can use it I have to provide them with several proof of ID and deposit money into the account.
Yes, Wise is required by governments and financial regulators to perform identity verification of their customers. This is not specific to Wise and will be similar at other money transfer service providers.
When you initiate the transfer you can choose to pay via bank transfer, WISE will then share with you their bank details and you just transfer them the money. It is pretty straight forward. Jonny
Hey Jagdeep! I believe it's as much as 50,000 USD per transfer. It's likely with a transfer that big you will have to provide proof of identity. ^Jonny
@@Monitodotcom In the video you said you did not feel safe giving your bank account information to Wise, that you preferred to do that manual step. Why is that?
@@nickypena2225 It isn't that I don't trust WISE, I personally I just don't like to give any 3rd-party access to my bank account. Especially when I can just manually transfer the funds in a way that'll take just a few extra minutes.
Can I transfer money to a Forex trading platform using Wise? I have a question regarding transferring money to a Forex trading platform using Wise. Most platforms require you to have your own bank account. If I transfer funds from Wise, will the Forex trading platform be able to see my Wise IBAN and name? Additionally, if I want to withdraw funds from the Forex platform, can I receive the money to the same Wise IBAN number?
The last 30 seconds of this clip are not clear to me. MANUALLY >>> I UNDERSTAND >>> it does not explain instructions for online banking or bank branch if you live in Australia ???
Hey Darshan. Some African banks are partnered with Western Union, I think it is best to check before sending. This page may help you: www.westernunion.com/blog/en/western-union-partners-with-african-banks-for-easy-cross-border-transfers/ Thanks! ^Jonny
Hey Luna. Unfortunately when it comes to moving traditional money then some information, such as your name will be shared. Obviously crypto has the advantage when it comes to transaction privacy. ^Jonny
@@Monitodotcom Yeah, but I don´t trust in any type of crypto. I think probably the only good way to do it is creating a company name and then an account associate to it. Because as an individual there is no way to remain private.
But how do you open a business bank account without declaring who the directors of the company are? At their most basic they require proof of identity. That’s not even considering registering business in your own country which would then be tied to the account itself. I’m not sure what the answer is Luna 🤷🏼♂️
@@Monitodotcom I think you do not understand me. When I make a payment through Paypal (example) I don't see the name of an individual, I see the name of a company. I see the transaction number, amount, and date, among other information, but I don't see anyone's personal information. Even some small businesses have a PO Box that they can add as an address, if there is no specific building. That's what I mean. These apps do not protect the identity of the individual, and that is wrong. This is how youtubers, streamers and other people who make a living from entertainment end up receiving unwanted visits or having swat teams sent to their homes. And that is not funny.
Why I say that's course, my younger brother, buy electroneum, from Australia, 2018...until now he, back my country, Malaysia.. Don't have money.. Poor living.. So sad..but, always scams, called, him..please task it..this programs for reason benefits, this company's, ..
He Answered all my queries that wise forum could not, and he is Elvis Presleys close relative as well. ,👍👍👍♥️♥️♥️😂😂😂thanks
Thanks a lot! Glad the video helped you, guess you could say I was just taking care of business. Let me know if you need anything. ^Jonny
I used UPI last month in India. UPI's interface is most easy and it is more reliable too.
So does UPI works out of India?
@@kishoreborana7355 no
did you use wise to transfer to your upi?
@@kishoreborana7355 Not sure, but I had a news in my breakfast that handful of countries have had UPI on board.
@@swayamdeeprout0095No. Because WISE doesn't have feature to transfer to UPI yet. My bad.
What's the maximum you can wire transfer from one country to another ?
Got a message from WISE that the transfer is complete. In that message it says that they received 115.20 EUR from company X to transfer to me. Right underneath that, in the same message, it says "You received 85.20 EUR." That's almost 20% less... why!?
Please how can I add wise to gpay I just opened wise card do I have to waiting till the physical card arrive to me ????
If you have a wise business account, and your receiving money from someone with a personal account. You'll provide your email address. That's all they need. But then in follow up emails from wise, or on the senders account area, what information about you or your business are they able to see? Do they get all your personal information as well? Or are they just seeing your business name and email? I'm trying to figure out if there's any privacy on there or not for wise business account holders? If you know let us know. Thanks.
I'm transferring money from my UK bank account to an Australian bank account in my name. I had a Wise account and card and the app on my phone with fingerprint security. I hadn't seen this video, so on the app I converted money from British Pounds to Australian Dollars at the mid market rate. Then I selected the amount I wanted to send ($1,500) in my Australian dollar account to my Australian bank account. It appears I was charged 57c for this transaction that takes around 2 working days (but longer as it is over the Christmas break). The app has a diagram showing me progress and a date when it is complete. I am presuming this is equivalent to the low cost transfer option? I can't remember being offered the other more expensive options when I used the app.
Hi there! I am new to wise. May I ask you if you had to open two wise accounts in your name in order to do a transaction between your accounts from UK to Australia? If one did you have to register it under account you are sending money from? Thank you!
@@liudmilas5306 No, when you open a WISE account (I did from the UK) there are certain countries (Australia is one of them) where you automatically get an Australian bank account number with the WISE bank registered in Melbourne.
The full list is
European IBAN
British account number, branch code (sort code), IBAN
US account number, branch number (routing number), bank code (SWIFT/BIC)
Australian account number and BSB code
New Zealand account number
Canadian account number and transit number
Singapore account number, bank code
Turkish IBAN
Hungarian account number, bank code
Romanian account number, bank code
When it says money on it way and says We're a bit delayed - here are some possible reasons:
It's taking us longer to convert your money
Our banking partner might be experiencing downtime. What’s the solution to this ?
You wait
How to send money from Macau to Nepal? Because Macau country is not shown in the sending option.
but how the person you are sending to take it out???
Wise is very nice to used to transfer money anywhere
I agree! ^Jonny
Just signed up but absolutely no idea how to use it. Need to transfer a large amount from a £ Stirling account held in a foreign country back to UK. (So £Sterling both ways). Unfortunately its not clear what my options are or even how to do it. Would it be easier to transfer directly from the Bank that holds my accounts in different denomination.?🤔
How long does it take to reach a Thai bank account from the UK
This should take between 1-2 days depending on the timing (weekday or weekend) and type of transfer. ^Jonny
Thank you so much! I will try it! thank! :)
No worries! Let me know if you have any questions. ^Jonny
Good information, liked this video,, thanks for sharing
You're welcome, glad you found it useful ^Jonny
does receiver has to have wise account as well ?
No they don’t. ^Jonny
This is a very nice video
How do I send money from Philippines to Singapore?
Hey Ali, just visit www.Monito.com and put your transfer details in. We’ll tell you who the cheapest and best provider will be for your transfer.. Let me know if you have any questions ^Jonny
Hello, I sent money from my Canadian account to my Korean account with Wise last week, but the money went out to my Canadian account and the money did not come into my Korean account. can you wait? It is difficult to give a general answer by sending a message to the customer center.
Perfect fast informative video.
Glad you liked it
Sending at saturday but why will arrived at monday 1am.
N still can cancelled or not..
Can Wise receive money transfers from Capital One?
Is it best transferring/buying home currency first then transferring?
Hey Kev. When you transfer the money you send your native currency and that's exchanged for the recipient's currency. This means you'll be transferring from your bank account or card so you already have that currency. Hope that helps. ^Jonny
@@Monitodotcom I messed up exchanged in my currency then exchanged to thai baht
Excellent video ☺️ 👍🏼
Thanks!
Do you have a video showing transferring from Wise to FTX exchange? Or could you guide me in this?
This aged well :(
Lol
Hello Monito, For Wise account holders, what happens to their account when they die? How do their beneficiaries claim their account? With banks in the U.S. the account holder can designate "POD name of beneficiary" (POD means "pay on death" to my beneficiary named in my account) and the beneficiary can just present the account holder's death certificate to claim the money from the account. How do you deal with this with Wise account? Thank you so much.
Good question Yanni. As far as I can see Wise doesn't have any specific information on this. I think it would work in the same way with Wise. The account holder would need to designate someone within their will which the probate would then approve. That's just a guess but it would surely just come down to whatever the will says. ^Jonny
Very nice question
Hello monito , money has sent since from 4 days and still not credited to the account where can i find help desk as I don't have wise account amount has sent to bank account through wise please help tome resolve this conflict
Is it possible to send money using WISE to PayPal account? Thank you
Yes, I haven't done this personally but I believe you can use a PayPal e-mail address in the details of your recipient. ^J
Is there any option for instant and free payment to another friend who has Wise?
I been getting money with no problem today on a weekend I accepted a payment and it did not send me confirmation email or track like it usually does I don’t know why.
Hey Mark. Any news on this? Did you receive a confirmation e-mail? Could the person sending the money have entered your details incorrectly?
I'm trying to send money but at the end they wanted me to upload some documents to verify my transaction. .why is that?
How much were you attempting to send dang? And which country to and from? ^Jonny
I same like you, and always reject
I do not want to use my bank account. Can I use a VISA gift card to update my account, then transfer to make my payment?
Hello, wise is asking for my verification when I’m making a transfer and saying that it’ll take 2-3 working days and will resume automatically after verification , just wanna know will i get the same exchange rate after the verification or the new exchange rate cause as they said it’ll take 2-3 days. Please let me know 🙏🏻🙏🏻🙏🏻
it is 2023 for god's sake...we shouldn't even be needing these cheaper methods anymore. millions of people are sending money to and fro places why isn't there somebody that can do this really fast and cheap? it seems wise is also problematic at times.
Fair enough. But in my case there is an obstacle for doing a lot of things "fast and cheap" these days.
His name is putin
@@DainSPb you can take mine, erdogan...
@@DainSPbIn my case "Modi"
@@unsalsongun well, afaik you're not under sanctions and are welcomed everywhere, right?
@@ThinkAboutThiss sorry, didn't get it(
What about making a transfer regularly like set a date and automatically it will deduct monthly?
Hey Krissel, yes you can set up what's known as scheduled transfers. ^Jonny
@@Monitodotcom Thank you :)
@@Kgm89 You're welcome!
My friend wanted to send the money from canada to India.. how can he send ??
I just checked www.Monito.com (www.monito.com/en/compare/transfer/ca/in/cad/inr/1000) for 1000 CAD to India, WISE are an option but not the best. If you check our comparison engine and enter how much your friend wants to send, she'll get more details. ^Jonny
My friends always use PayPal. Can you compare Wise with PayPal? Thanks.
Sure thing, PayPal is a horrible choice for international money transfer so this should be quite an easy video to make 😂 ^Jonny
hi i just had the worst experience with this bank. somebody sent me money, i waited 8 hours and my money still not in my acc. suddenly they forced the sender to send more money to the bank...and forced me to send money to the sender. SO than i still dont have my money. SO, I HAVE NO MONEY ON MY ACC THAT IS WHY MY FRIEND SENT ME MONEY.....HOW COULD I POSSIBLY SEND BACK ANYTHING IF I DONT HAVE MONEY ON MY ACC????????? THE WORST BANK EVER DO NOT USE IT! NOW THEY HAVE MY FRIEND AND MY MONEY.... we been robed
it was useful
I opened an account with wise to receive payments from the US and before I can use it I have to provide them with several proof of ID and deposit money into the account.
Yes, Wise is required by governments and financial regulators to perform identity verification of their customers. This is not specific to Wise and will be similar at other money transfer service providers.
ok - nice - where the money come from ? Or: How can i Send Money From MY BANK to Wise ? I want send EURO ....
When you initiate the transfer you can choose to pay via bank transfer, WISE will then share with you their bank details and you just transfer them the money. It is pretty straight forward. Jonny
I have sent money from euro to INR, it shows tracking and my money is debited from my account, will it take long to process.
It should arrive within a few days. Has it arrived now?
If you want to send money to expatrio what should you select at “who are you sending money to” ?
Thank you for the information
I can’t pay by scanning a QR!?
How much we can send maximum money in month from wise app?
Hey Jagdeep! I believe it's as much as 50,000 USD per transfer. It's likely with a transfer that big you will have to provide proof of identity. ^Jonny
Question if I select pay manually will wise deduct the money out of my bank account or will I have to do a few more steps to transfer funds
You’ll need to do a few more steps manually as you have to send the money to the Wise bank account yourself.
@@Monitodotcom In the video you said you did not feel safe giving your bank account information to Wise, that you preferred to do that manual step. Why is that?
@@nickypena2225 It isn't that I don't trust WISE, I personally I just don't like to give any 3rd-party access to my bank account. Especially when I can just manually transfer the funds in a way that'll take just a few extra minutes.
Can I transfer money to a Forex trading platform using Wise?
I have a question regarding transferring money to a Forex trading platform using Wise. Most platforms require you to have your own bank account. If I transfer funds from Wise, will the Forex trading platform be able to see my Wise IBAN and name? Additionally, if I want to withdraw funds from the Forex platform, can I receive the money to the same Wise IBAN number?
Interesting. Can I apply home loan from wise?
Hey Symun, no you can’t. ^Jonny
How to increase money transfer limit?
You’ll need to verify your identity. You can do this with form type of ID. ^Jonny
Now 24 hours, wise not received money from my account. And without my account how they are received is it collected by my phone number? Dear Brother
Hey Gurmail, did you receive the money? ^Jonny
Wise Billion times Better than Paypal
The last 30 seconds of this clip are not clear to me.
MANUALLY
>>>
I UNDERSTAND
>>>
it does not explain instructions for online banking or bank branch if you live in Australia ???
thank you very much for your video
You are welcome, glad you found it useful. ^Jonny
One Question Monito. Can I send money from India(Indian account) to Portugal? And what's the maximum amount I can send in a month?
Hey man, don't let the inner screen move so much. I thought I was having a stroke. Not fun.
Thanks Paul - will bear that mind. ^Jonny
Anyone trying to find out how to transfer from wise to a forex broker? Anyone got through?
2 weeks I am waiting
Waiting what money you send
For id verification, does it takes everytime i want to make transfer or just once..?
No just the one time. ^Jonny
Can I transfer money from an African bank account?
Hey Darshan. Some African banks are partnered with Western Union, I think it is best to check before sending. This page may help you: www.westernunion.com/blog/en/western-union-partners-with-african-banks-for-easy-cross-border-transfers/ Thanks! ^Jonny
I don't like the idea of giving my personal information to someone else on the internet. I need an app that is able to respect that.
Hey Luna. Unfortunately when it comes to moving traditional money then some information, such as your name will be shared. Obviously crypto has the advantage when it comes to transaction privacy. ^Jonny
@@Monitodotcom Yeah, but I don´t trust in any type of crypto. I think probably the only good way to do it is creating a company name and then an account associate to it. Because as an individual there is no way to remain private.
But how do you open a business bank account without declaring who the directors of the company are? At their most basic they require proof of identity. That’s not even considering registering business in your own country which would then be tied to the account itself. I’m not sure what the answer is Luna 🤷🏼♂️
@@Monitodotcom I think you do not understand me. When I make a payment through Paypal (example) I don't see the name of an individual, I see the name of a company. I see the transaction number, amount, and date, among other information, but I don't see anyone's personal information. Even some small businesses have a PO Box that they can add as an address, if there is no specific building. That's what I mean. These apps do not protect the identity of the individual, and that is wrong. This is how youtubers, streamers and other people who make a living from entertainment end up receiving unwanted visits or having swat teams sent to their homes. And that is not funny.
Very complicated
What’s complicated? ^Jonny
interface is outdated
Why do you keep deleting my comments? :(
What comments? We haven’t deleted any, this is the first I’ve read from you. ^Jonny
This one ^
^
That's odd
Okay have a good day :)
Is this legit?, I found articles on Reddit saying it is sketchy 😢
No it’s totally legit, in fact it is one of the best methods rated by our Monito score. ^Jonny
Hello.....
Hello Làlszlónè
Why I say that's course, my younger brother, buy electroneum, from Australia, 2018...until now he, back my country, Malaysia.. Don't have money.. Poor living.. So sad..but, always scams, called, him..please task it..this programs for reason benefits, this company's, ..