So verwenden Sie Transferwise – alles, was Sie wissen müssen, um Zahlungen zu tätigen (2023)

FAQs

What is the TransferWise controversy? ›

Wise, formerly TransferWise, has been accused by MS BANK of using the names and financial data of customers to illegally send money abroad. MS BANK, which was Wise's former Brazilian banking partner, said that the company had “defrauded international transfers” without its knowledge.

Does Wise count as a bank? Like we mentioned before, Wise isn't a bank — but a Money Services provider. So, while banks offer a large array of services, such as loans, savings and interest accounts, Wise specializes in holding and converting foreign currencies, and sending international bank transfers.

We're licensed to hold your money and, as part of keeping it safe, we follow strict rules set out by the regulators in the countries where we operate. As of 30 September 2022, our customers are trusting us with the equivalent of 9.2 billion GBP in their Wise accounts.

Wise is an online money transfer platform that works following an easy concept: You send them the money on to an account in your currency, and they pay the amount to the account of your choice in the chosen currency (Euros, Pounds, Dollars, Yens … etc.).

The recipient details are wrong

If we don't hear from you in 2 working days, we'll cancel and refund the transfer. And if you edit the details and the payment fails again, we'll automatically cancel the transfer. Please check your recipient's details carefully every time you make a transfer.

The most common reason for an unsuccessful card payment is that your bank has declined it. This means they've told Wise not to take the money. It's normal for them to stop a payment that looks unusually large, or if it's to a new and unknown recipient — just in case.

For most people, there are no limits on how much you can receive and hold right now. There are a few exceptions: Personal customers and businesses receiving USD that have a routing number starting with 026.

You don't need a Wise account to receive money from Wise. You can simply have your Wise payment sent to your normal bank account in the currency of your choice. Or, if you'd prefer, you can open a Wise account yourself, to get paid like a local in up to 10 currencies.

Both PayPal and Wise are fully licensed and regulated, and use both smart technology and dedicated service teams to keep customer money safe. PayPal is globally regulated and one of the largest payment companies in the world. Wise is regulated by FinCEN in the US, and other global regulatory bodies around the world.

What are the benefits of the Wise card? ›

Save up to 87% when you spend internationally

With the Wise travel money card you can get an up to 87% better exchange rate and lower fees than your bank. If you have the local currency in your account, the Wise travel money card will use it. If not, it will auto-convert your money at the current rate, for a tiny fee.

Wisdom is a gift from God (Prov. 2:5–6) and is given to those who fear Him (Prov. 1:7) and who earnestly pursue the knowledge of God (Prov. 4:7). Similarly, James tells us that wisdom is given to those who wholeheartedly pursue God and who ask for wisdom in the midst of trials (James 1:2–8).

Once we receive and convert your money, it usually takes 0–1 working days to arrive in your recipient's bank account*.

If you're making a normal transfer, it usually takes less than 24 hours, and at longest 2 working days, for us to convert your money. If there are any hold-ups, we'll let you know. If you're converting money between balances in your Wise account, it's instant.

All transfers completed by Wise are final, and Wise can't reverse or recall payments.

We'll send you any money that comes back to us.

How do I cancel a Wise transfer? If you cancel your transfer before it has been sent out then you will be refunded. If the transfer is still in progress, just click on the transfer you want to cancel, select the 'cancel payment' option, and enter your refund bank account details.

The time it takes for a bank transfer to be successful depends on a number of factors, and some of these factors could cause a delay. These factors include the timing of the transfer, where the transfer is being made, the currencies involved, security checks, bank holidays, and the reasons for the transaction.

If it is an intra-bank transaction, the bank itself will reach out to the wrong recipient and request the reversal. If it is a transfer to another bank, your bank will act as a facilitator, providing you with the details of the wrong recipient's bank and branch.

Bank transfers typically arrive in seconds, but they can take up to one working day if the sending bank need to run extra checks. If a payment is taking longer, check that the sender entered the correct account number and sort code. If they were entered incorrectly, the sender can ask their bank to recover the payment.

Does Wise report to the IRS? ›

As and when Wise is obligated to collect and report customer tax and financial information to tax authorities we will do so. In addition to tax requirements, other regulations may require Wise to collect certain data, like transactions over a certain threshold, and report it to regulatory bodies.

We can choose to close an account if we think:

it's a duplicate of another (you can only have one Wise account, unless we agree otherwise) its security has been compromised. there are transactions on your account that we can't complete.

How much can I transfer with Wise? For a debit (ACH) transaction, you can send up to $15,000 per day. With a debit or credit card, the limit is $2,000 every 24 hours and $8,000 every seven days. For a local bank transfer, you're able to transfer as much as $1 million.

Login to your Wise account, click on the amount to withdraw money. You need to select 'myself' if you would like to withdraw money and send it to your account. Choose the type of currency and then enter your bank details and click add.

Receiving money through Wise is a very simple process and the money goes directly into your bank account. To do this, simply inform the sender of your bank's details. You will receive your payments, in your chosen currency, directly into your account.

Unless your bank has set a withdrawal limit of its own, you are free to take as much out of your bank account as you would like. It is, after all, your money. Here's the catch: If you withdraw $10,000 or more, it will trigger federal reporting requirements.

Add money from your bank account

Just log in to your online banking, set up a normal transfer and add the details that you can find in your Wise account. To reveal the account details of your balance, click on the balance you'd like to send to.

You can't add cash to your Wise Account — but you can choose to fund Wise payments with a bank transfer or card, and you can also top up your USD Balance using convenient payment methods including Apple Pay.

Wise is not a bank, it's a financial technology company which offers international payments and multi-currency personal and business accounts. For the services it offers Wise is as safe as a bank, and must follow similar regulations to banks around the world.

Which money transfer app is safest? ›

Most Secure: Google Pay. Why we chose it: Google Pay allows you to securely send and receive money with just your phone and mobile wallet. It encrypts your data when you make online payments and doesn't store your debit or credit card information in the app, but in a secure server.

Federal Bonds

The U.S. Treasury and Federal Reserve would be more than happy to take your funds and issue you securities in return, and a very safe one at that. A U.S. government bond still qualifies in most textbooks as a risk-free security.

Hands down, it is one of the best cards for overseas travel. No other travel card or debit card offers the same low fees and mid-market exchange rates as Wise. However, charges can add up if you need to withdraw large sums of cash from ATMs.

The Wise card lets you spend money around the world with low conversion fees and zero transaction fees. It's currently available for Wise account-holder residents in Australia, Brazil, the EEA, Japan, New Zealand, Singapore, Malaysia, Switzerland, the UK, the US and Canada.

In addition to your physical card, you can have up to 3 digital cards at one time. Find your card numbers, expiry date, and CVV in the app or website. Generate new card details whenever you want — to spice things up or keep your account extra safe.

Once we receive and convert your money, it usually takes 1–2 working days to arrive in your recipient's bank account. Conversion can take up to 2 working days. We'll always give you an estimate for how long your transfer will take when you set it up.

Wise makes transferring money fast, and sometimes — instant. We believe that: You should always know how long your transfer's going to take. So when you set up a transfer, you'll get an estimate for when your money should arrive.

Why does it take 3 days for money to transfer? ›

The receiving banks often take 2-4 days for funds to be released to customers because they are following what they call the “”three-day good funds model”, which basically means they'll hold the funds for three days to make sure it's not a fraudulent transaction.

Typically your card can arrive anywhere between 3 working days to 3 weeks, depending on where you live.

A proof of payment can be a receipt (either a scan, a photo or a PDF) or a screenshot from your online bank, clearly showing the following: your details — we need to see your name and account number, and your bank's name. our details, or our partner bank's details — TransferWise Ltd and our account number.

If someone is sending you a payment with Wise you can either receive it into your regular bank account, or choose to have it deposited into your Wise account using your local bank details, depending on the currency.

But its services might come at a considerable cost, as it charges higher transfer fees than some of its competitors. Two other drawbacks: There are no options for delivery of cash to a home or business, and there are fewer than 100 countries where money can be sent.

In 2021, the company rebranded from TransferWise to Wise, went public on the London Stock Exchange, added more features to its online platform and app, and expanded its operations. Today, Wise's worth is measured in billions of dollars. Obviously, all of this shows that Wise is a perfectly legitimate company.

Interestingly, Wise changed its name from Transferwise two years ago in an effort to broaden its image from a money transfer company to a more holistic global banking services provider.

its security has been compromised. there are transactions on your account that we can't complete.

Wise (formerly TransferWise) is a UK-based foreign exchange financial technology company founded by Estonian businessmen Kristo Käärmann and Taavet Hinrikus in January 2011.

Estonian fintech unicorn firm Transferwise has shortened its name to Wise, the company has announced.

Is Wise the same as venmo? ›

Venmo is a digital wallet and payment gateway that allows customers to send money and make purchases via mobile device, and... Wise is a payment processing software designed to help small to midsize businesses transfer money in multi-currencies to...

Our smart technology links local bank accounts in countries all over the world. So often we're able to use money from a TransferWise user sending money the other way around. Once we get that sorted, we'll give you an estimate of when your money will arrive – usually it's much faster than a bank transfer.

To withdraw money: Go to Home and select the balance you want to withdraw from. Select Send. Choose the bank account you want to send your money to.

No, there's no fee for cancelling and refunding a transfer. We'll always refund the full amount you paid us, regardless of the type of transfer you made.