Wise (formerly TransferWise)

[snpark]

Normally my transfers from uk arrive within 5 minutes

That because GBP not Euro remember
Different currency, system and country now

 

[snpark]

Hello
We regularly review our fees to reflect the real cost of moving your money — so you never pay more than you need to.
After the latest review, fees for some routes got more expensive and others got cheaper. You can find a full list of updated fees and when they apply here.
Our fees calculator will tell you if your route was impacted by this change and how much your next transfer will cost.
We’re upfront about what it costs to use your card abroad or send money internationally. We don’t talk about low fees or "no fees", and hide the real price in inflated exchange rates. We believe in total fee transparency. Find out more here.

 

[snpark]

Email from Wise today

 

[Wayan]

Hello again,
I haven't forget about the great attention I got here about the case. Thank you.
Just to come back to my needs after Wise has cancelled my Belgian SEPA-account because of new regulations. For me it's not a question how I transfer money. I NEED an accepted SEPA-account in Europe, that is also registered from the countrys national bank where its established. (e.g. DE=Germany, BE=Belgium, LT=Lithunania). I need this because I get my income from a semi-governmental body which only accept SEPA-accounts. And I live in Indonesia as a German sinceever but now without residential status and tax file number there.
In the last weeks I tried some providers (PayDo, SwissMoney, bunq, N26, B2B and others). They all first don't mention Indonesia as a restricted country. But during application f.e. they don't accept my Indonesian phone number as a second verification way or they told me something else (after accepted registration). So at the stage now I find out that Lithunian FinTecs and Neo-Banks maybe the most open minded ... I will try f.e. Revolut, Rewire, Bankera, Genome. Let you know any success.

 

[snpark]

Please read my thread on revolut this week

 

[Balifrog]

Hello again,
I haven't forget about the great attention I got here about the case. Thank you.
Just to come back to my needs after Wise has cancelled my Belgian SEPA-account because of new regulations. For me it's not a question how I transfer money. I NEED an accepted SEPA-account in Europe, that is also registered from the countrys national bank where its established. (e.g. DE=Germany, BE=Belgium, LT=Lithunania). I need this because I get my income from a semi-governmental body which only accept SEPA-accounts. And I live in Indonesia as a German sinceever but now without residential status and tax file number there.
In the last weeks I tried some providers (PayDo, SwissMoney, bunq, N26, B2B and others). They all first don't mention Indonesia as a restricted country. But during application f.e. they don't accept my Indonesian phone number as a second verification way or they told me something else (after accepted registration). So at the stage now I find out that Lithunian FinTecs and Neo-Banks maybe the most open minded ... I will try f.e. Revolut, Rewire, Bankera, Genome. Let you know any success.

If I understand correctly, you want that German governement income paid directly to your Wise (or Similar) account ?
Any chance you could open an account (non resident) in a German bank, have the money paid to that account and then transfer to Indo via Wise ?
That's what I do for my French and Belgian pension. Paid in my French bank, and then I do a Wise transfer.
Note that the Wise account I transfer the money to is in Belgium.
I don't keep money in Wise, I just use them for transfert.

 

[Samoerai]

If I understand correctly, you want that German governement income paid directly to your Wise (or Similar) account ?
Any chance you could open an account (non resident) in a German bank, have the money paid to that account and then transfer to Indo via Wise ?
That's what I do for my French and Belgian pension. Paid in my French bank, and then I do a Wise transfer.
Note that the Wise account I transfer the money to is in Belgium.
I don't keep money in Wise, I just use them for transfert.

No, he cannot see his posts #13, #23 and #41. I think his only chance to get an IBAN account is with HSBC or Revolut (if as jstar says they don't check the resident address).

My wife had an bank account in Holland, but was forced to cancel her account as she is not living there anymore (and having an Indonesian nationality). I am afraid one day I am forced too, to cancel my account. This because of the anti-money-laundering restrictions European banks have to follow. So, I am interested in this thread, as I also have to, one day find an IBAN-account too, while living in Indonesia.

 

[jstar]

I am afraid one day I am forced too, to cancel my account. This because of the anti-money-laundering restrictions European banks have to follow.

This is exactly what happened to me. A large (French) bank -after 35 years!- canceled me as customer. I think it also has to do with the fact we’re considered small fish. Banks are not so loyal.

 

[snpark]

What is an Offshore Bank Account? - HSBC International

Find out the potential benefits of an offshore bank account, why this might be right for you and how you can remotely open an account overseas.

internationalservices.hsbc.com

 

[snpark]

HSBC your best bet. This one above. Apply online
Then when it's open (expat offshore account) THEN go to Hsbc WTC office and say you want to open a LOCAL Hsbc account

Later on you can link them yourself online

 

[Wayan]

If I understand correctly, you want that German governement income paid directly to your Wise (or Similar) account ?
Any chance you could open an account (non resident) in a German bank, have the money paid to that account and then transfer to Indo via Wise ?
That's what I do for my French and Belgian pension. Paid in my French bank, and then I do a Wise transfer.
Note that the Wise account I transfer the money to is in Belgium.
I don't keep money in Wise, I just use them for transfert.

Hello, that's exactly the point. They don't pay to something else than a SEPA-account (on my name) within the participating countries. The country where it is located doesn't really matter (maybe Cyprus and Malta are exceptions, my Wise-IBAN before cancellation was in Belgium). I already tried Revolut; doesn't work as well. I keep on the plot
@snpark: what is a WTC office?

 

[jstar]

HSBC in JKT is based in the World Trade Center.

What went wrong with Revolut?

 

[Wayan]

HSBC in JKT is based in the World Trade Center.

What went wrong with Revolut?

During I tried to download the app on my phone, after I wanted to register my mail. A layer appeared that said in my language, that R is not available in my region, because there a sanctions ... No further access ...

 

[harryopal1]

During I tried to download the app on my phone, after I wanted to register my mail. A layer appeared that said in my language, that R is not available in my region, because there a sanctions ... No further access ...

Have you tried to use a VPN so that you can then be located in whichever country seems useful rather than be located in Indonesia?

 

[Samoerai]

HSBC your best bet. This one above. Apply online
Then when it's open (expat offshore account) THEN go to Hsbc WTC office and say you want to open a LOCAL Hsbc account

Later on you can link them yourself online

So, if one has a premier HSBC-multiple currency account, one can hold euros and rupiahs, right? Exchanging euros of one account to rupiahs on the other account, will that cost fees? Or is that without fees?

 

[jstar]

Multiple banks have that btw, also OCBC. At that one you get a very good rate (sometimes better than VIP) and there are no costs involved.

 

[snpark]

So, if one has a premier HSBC-multiple currency account, one can hold euros and rupiahs, right? Exchanging euros of one account to rupiahs on the other account, will that cost fees? Or is that without fees?

No "fees" just shit exchange rate

They have euro at 16.9
Bca have 17.5

 

[nd_eric_77]

I finally jumped through the hoops for Wise and sent some money to my daughter in the US. The official rate via Wise was spot on with the rate by a Google search. Fees added about 0.7%; way way way cheaper than doing a wire transfer (not to mention infinitely more convenient once everything was set up).

 

[Hawk256]

I finally jumped through the hoops for Wise and sent some money to my daughter in the US. The official rate via Wise was spot on with the rate by a Google search. Fees added about 0.7%; way way way cheaper than doing a wire transfer (not to mention infinitely more convenient once everything was set up).

My US bank does free wire transfers when chaning currency and gives a fair rate, plus Zelle transfers inside the US are free. Is that not cheaper than 0.7%? Easy to chase down the money as well since no-one elses hands were involved. How is it more convenient to add a 3rd party when all I have to do is click on two buttons, enter the amount and then put in a PIN code? I'm curious if there is something that I am missing?

 

[snpark]

My US bank does free wire transfers when chaning currency and gives a fair rate, plus Zelle transfers inside the US are free. Is that not cheaper than 0.7%? Easy to chase down the money as well since no-one elses hands were involved. How is it more convenient to add a 3rd party when all I have to do is click on two buttons, enter the amount and then put in a PIN code? I'm curious if there is something that I am missing?

Which is exactly the problem I have now with this German guy sent me 51,000 euro through Revolut to BCA, it left his "account" 16 May with a full MT103, still to now nothing arrived, BCA nothing in system, no error etc, his bank "its gone, no problem etc etc"
So where TF is it then?
Should have gone directly, did it go through a corr. bank? Who which when why? If problem why not say? They are now not responding to calls, emails go unanswered, he told me now he has cancelled it and when he gets it back he will send to my UK account (within minutes)

But still, something is off, very fishy, I would not recommend Revolut to anyone for sure, Wise uses them for some transactions I believe

But hati2

Seperate thread on this problem already btw