Wise (formerly TransferWise) is increasing fees.
- ACH transfer initiated at and sent from Wise to an external US bank in US dollars is increasing from $0.39 to $1.13
- Sending direct via ACH is increasing from 0.13% to 0.28%
Still cheaper than other alternatives as far as I know, but more than happy to be proven wrong.
Hat tip to mangorunner
Does Wise report new accounts to Chex/EWS? There is an option to earn interest on balance so wondering whether they would report such accounts to chex/ews.
Which banks count Wise at direct deposit? Any recent data points would be appreciated. Thank you in advance!
Wise is closing their office in Tampa, FL and laying off 300+ employees.
https://finance.yahoo.com/news/wise-close-tampa-offices-cutting-171000703.html
Just a heads up anyone in Nevada is effectively excluded from Wise, as our particular state can’t use Wise balance. Maybe if you have access to an out of state address try using that instead.
CFPB Orders Wise to Pay $2.5 Million for Illegal Remittance Practices
Has anyone used Wise (fka Transferwise) to liquidate GC? Either through transfer/load from credit/debit/google pay/apple pay/something else?
So there’s no way around the 0.25% variable fee when adding money to your account? For those using this for dd attempts, have you found any tips/tricks to avoid this fee?
“Add money to Wise Account via bank transfer for free when the currency stays the same. Pay a small fee to add USD or CAD.”
Does Wise ever have a sign up bonus?
Answering this very late but there’s a referral bonus right now if you refer 3 people, free fees for the referred. Not a great deal but it’s something – “Share Wise with 3 friends and earn $115 for yourself. Your friends get zero fees on a transfer up to $600.”
Is there a referral thread where I can request for referral ?
Did a wise transfer this morning, still the old rate of $.39. I will be using my unexpected windfall to buy several pieces of gum!
I received this email. If you click the link from the email for the full list of fee changes, it will tell you the fee changes will start within 21 days of the date you received the email. This is only for the U.S., other countries have a different timeline I guess. I received my email on 5/13, so the fee increase should start on or around 6/3. If you have Wise transfers you need to send for triggering bank bonuses, get them in as soon as possible before the price increase. Wise will still be worth it for me to use even with the fee increase though.
Thanks,
Dominique . That was a most convoluted announcement and I didn’t dig deep enough for the effective date. Appreciate it!