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Dear! On 15.12.2020 i have sent 8000Chf from Switzerland to Vietnam but now my family still not received it. I try to call, email them but doesn’t help. They dont have any office in Switzerland and i just can call directly to UK . In my case , do you think i will lost my money?
This is not far from the truth as I’ve tried doing it myself using transferwise but failed woefully not until I got expert help. Wish I had this knowledge earlier in life.
@@Kantor895 I started working on myself and getting the best for my family as I’ve put the money I saved aside and invested it, making great returns. Made my first $100k and I’m never going back to the rat race. Most of all, expertise helps in situations related to one's finance. Levi Clemans has exceeded my expectations just months into working with him as my fiduciary overseeing my investments in stocks, and I-bonds. He's the go-to guy! You can get across to him
Thank you for making your explanation user friendly and visual - I have been watching so many videos - including - one made by an employee and you nailed it - not so much for the others - Now I can pass this on to another friend so they know how to use it as well - we were a little baffled by the simplicity - great video - well done!
Thanks for the video. One thing to add is that the "fees" listed are the fees that TransferWise (now Wise) charges. Your bank may charge additional fees! For example, your bank may charge nothing if you use a debit card for the transfer but a lot if you use the bank transfer method.
I use that to pay foreign merchants and manufacturers who only accept bank transfer payment cos i dont have a bank account lol. Just pay with my prepaid virtual credit card and done, its all that easy. Easy to use and the interface of their website is very easy to understand and nice. Very useful for people like me who doesnt have a bank account or people who dont wanna use their actual bank account funds for transferring money for security purposes. Also, i dont link bank accounts and i dont put funds in my transferwise account, i just pay the exact amount im gonna send with mt credit card, in that way im not worried that my account will be closed with money in it and im sure that im charged only the exact amount that i sent cos i only put the amount of money im gonna send nothing more.
Since Wise Transfer is not a "Bank Account" but most people use it for their low fees on cashing money from ATM abroad, must this Wise Transfer be reported to IRS? If so, is Wise Transfer considered a "Bank"? I am confused what to do.
Hello from the US Simon. Thank you for the great informative video. I'm just seeing it today. I've used T-Wise several times and have been very happy with the costs involved and how quickly the transfer is made. Thanks again. -Trent
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Transferwise customer service is appalling if anything other than simple or basic queries or issues... I am waiting more than 13 days since the last communication and they are holding more than €30,000 under investigation.... unlike my mainstream bank who actually call you to ask or check transaction with you, Transferwise don’t both understanding and will either raise transaction queries or just close your account using “their regulated business” sector as the excuse.... no notice, no communication..... AVOID AT ALL COSTS
Thanks for the video, very helpful. Could you please tell me what is shown under "Sender" in the bank statement when the money arrives to the payee's account? Is it Wise that appears as the Sender or is it the actual payer, e.g. a person or company?
When money comes into my bank account from another country, will it show the amount in my bank account or just in my Wise account? I am using a pre paid credit card wich was issued by my bank.
I just used Wise and it took 8 seconds for my sister in Brasil to get the money. So far so Good and If some scams appear I will change this review 👌..A month later... I used the website because people were talking about the app giving problem...my sister got the money in 8 sec but Wise only took the money two days later because I send the money on Saturday.. I picked the faster option also because it was a gift and I wanted in the same day.
Thanks for the video. One question, after you put in the details for the recipient once, does this system hold them, or do you have to Re-Imput them each time?
thanks. i have a qestion. if we want to send money to someone else, wise or other virtual bank account like Payoneer, ask us to enter some details. one of that details is address. usually the address (street, zip code, ect) will be the address of customer house or the address of the bank? thank you.
I'm still confused by this. I don't want to transfer money. I only want to receive money from my friend. It won't let me add my details without putting money in the transfer wise account.
thanks for your effort, you did choose the example of US and Swiss, where the transfer is very easy. could you let us know how is with countries, where money transfer is always complicated. in my case Iraq, I could do every step which you explained but where do the person get the money from ?? is there any office like Western Union or any certain bank who deals with Wise. I thank you very much and wait eagerly to hear it from you.
Woww very helpfull...I just hate using Western union bank...Id card...delayed...not deliverable..new Id card needed....customer care service... physical walking to office...woww😂 why I don't know this before..
What is the most money one can send at one time as I seen the most JPY to USA in USD is $1,000. or is it 1,000,000 JPY which would reach the USA at $9,574.more or less depending on the exchange rate.
I sent a bit over $1000 twice, and then my account is deactivated on the second transfer. My bet, this company only allow transfer of really small amounts or it will suspect and closed the account suddenly and your money may not return any of your money.
very informationful video,very presentation anyone can understand very easily so thanks for your given such video.really your understanding skill very high quality.thanks
Any amount over 10 thousand dollars in a one year period requires alot of additional documents from the sender and recipient. Really easier to send Bitcoin as less hassle
This is a great information, thank you! If you already know, could you tell me hat kind of additional documents do they require for sending over 10 thousand dollars?
@@Dannoranejiku tax forms, i.d , 3 pay stubs, reason, relationship of recipient. 2 authorization forms from recipient, proof of their residence, their i.d . All this for 10 thousand dollars. Bitcoin remittance done instantly.
@@Rhardebeck Wow.... That's really a hassle.. So much to prepare x(.... so complicated. Thank you so much for sharing your experience. I really appreciate it.
can you tell me two things: 1 when i withdraw money from paypal and i put inside paypal my virtual card and set on paypal that virtual card calculate currency in usa dollars when i withdrwa usa dollars from paypal to that card for example 100$ will i get exactly 100$ on my wise ? 2. when i wish to add money to my wise account i have ion local bank will they charge me fees and can i do it if my local bank have maestro card? or how to add money from bank to wise
Hey sehr gutes Video, sehr gut erklärt. Hatte mich auch schon dort angemeldet, da ich in den nächsten Tagen Autoteile in den USA bestellen muss. Eine Frage hätte ich aber bzg. Privat oder Business. Der Empfänger hat eine eigene Werkstatt, ich bin aber Privatpersonen. Welche Option müßte ich dann wählen?
Simon, thanks for the tutorial. One question. I see you are using Zurich Cantonal Bank to do your transfer to Wise. Does ZCB charge any fees to do the transfer from ZCB to Wise? When I use UBS to do a wire transfer, I get charged fees from UBS. Thx and cheers from Zurich.
All the “folks” saying its a scam company are clearly paid bots by the large banks. I’ve been using them for a whole year in Ghana(home of 419 scam artists). I’ve yet to have my acct closed. Very happy with my service so far.
You are an Awesome instructor. A lot of videos have very poor instructors. Thank you!!!!! Wester Union kick me off with no explanation. I love Transwire so much better it goes right to the persons bank account and they get it out oh the atm.
Hi Simon, thanks for your video! I do have one question though; I could see that your money needed to reach the Wise account by 10:26am on Friday, but I don't know when you made the transfer so have no idea how long you had? I have heard that if the money is not with Wise by the deadline (which can be as short as 2 hours) then you get a different rate from the one you saw when you created the transaction. What is your understanding? My bank told me they cannot guarantee the money will be there within 2 hours.
The video is very informative, I just received mail from Wise, that if I want to send high amount of money (12k€) i need to "Record a video of yourself, as requested", can you explain what should that video shouldcontaining?. Thank you
Is TransferWise able to transfer money from Europe to a small Credit Union in the US? Credit Unions often use a bigger bank as their recipient and then it goes to further credit the Credit Union. How would that work if you need to put in detail for two banks?
*Can someone answer my question?* Can I transfer money from my Danish bank account to my German bank account using Wise? - For that, should I put my money from my Danish bank to TranferWise, and then from TransferWise to my German bank account?
If I want to send money to another country 3 times of USD $600- within a month, will the fee cheaper to send $1,800 at once or to send 3 times of $600- each ? Thank you
Thank you for the video. If I send money to a friend's bank account in another country, will my he receive it directly into his bank account as a deposit? Or will he need to do additional work?