Dont trust Wise

[Alexmorgan]

Wise is non trusted monetary institution that they just close your account for no reason

In my case my usage wasn't heavy and wasnt risky at all

Except one move i did that i added AED account in it in order to add a beneficiary company located in UAE

Then suddenly account closed and this move i guess its AI move then human took over

and the picture is after 30 days from appealing

Dont trust wise at all they will just close it for no reason

 

[dirtyharry]

That's a shame. You may have done business with someone in the UAE they don't like very well.

 

[Alexmorgan]

That's a shame. You may have done business with someone in the UAE they don't like very well.

I didnt even add the beneficiary yet

I just added the AED account inside my wise account

 

[Martin Everson]

I just added the AED account inside my wise account

I don't think that's the reason your account was closed...lol.

 

[Alexmorgan]

I don't think that's the reason your account was closed...lol.

Believe me there is no strange move in it

I move money from my Zenus account to Myfin account which is mine and thats it

If sending to others its to my brother and its sometimes

Just added AED account then immediately they closed my account

 

[kislokan]

Wise doesn’t like UAE from what I can remember

 

[Alexmorgan]

Wise doesn’t like UAE from what I can remember

I know

So its a trap why the hell gave me and others an ability to add AED account then?

 

[jafo]

If sending to others its to my brother and its sometimes

They HATE this!
They did the same to me for sending money to my mom! I heard it from the horse's mouth!

To OCT members:
Forewarned is forearmed!
Learn from the past to protect the future.

 

[Alexmorgan]

They HATE this!
They did the same to me for sending money to my mom! I heard it from the horse's mouth!

To OCT members:
Forewarned is forearmed!
Learn from the past to protect the future.

Why they hate it?

What is the use of their account then?

 

[kislokan]

Why they hate it?

What is the use of their account then?

They are regulated up to the tits and just look for any excuse to burn an account most likely

 

[jafo]

They want accountholders who get their paychecks or personal money and pay their expenses. That's it!

The personal account is used to pay the accountholder's expenses, not for "funneling" money to third parties.
They want my mom to have her OWN account and pay her own expenses.
They want taxable events.

 

[wellington]

Wise are usually ok.

Just email the CEO and explain what happened, explain what you’ve had with them for X years without issues

Your account will likely be unlocked.

From experience

[email protected]

Likely taken out by bot/algo

 

[HeinzKetchup69]

Wise are usually ok.

Just email the CEO and explain what happened, explain what you’ve had with them for X years without issues

Your account will likely be unlocked.

From experience

[email protected]

Likely taken out by bot/algo

bulls**t.

Wise closed our account 2 years ago over " too many transactions" and purchases. and Kept our funds for 3 months without possibility of appealing. We are talking about hundreds of thousands of business money on hold, the business was interrupted and ton of money lost due to them.

They simply don't give a s**t.

 

[dirtyharry]

If you don't do any mess with them they don't close an account just like this.

Something you have done which is against their rules.

 

[smartchoice]

They may discover that you have done something against their rules. Adding an AED account has nothing to do with closing.

You need to consider the big picture. Remember that everything you do in your accounts everywhere is recorded and traceable these days.

When you do something not in compliance with another bank account, a transaction in another country, or an address, ID, passport, etc the bank considers all of these factors and risks.

They never disclose the reason why your account was closed. But anyway, they don't care, unless you're Elon Musk. You have to fight with them to recover your money and you need to move on; there is nothing you can do.

 

[Alexmorgan]

Thanks gentlemen

But i have some knowledge about banks and the redflags that can be triggered

Belive me i felt it that im gonna face a problem if im dealing with UAE at any level

And it happened once i added the AED account then immediately closed account it didnt take even few minutes after that

They want accountholders who get their paychecks or personal money and pay their expenses. That's it!

The personal account is used to pay the accountholder's expenses, not for "funneling" money to third parties.
They want my mom to have her OWN account and pay her own expenses.
They want taxable events.

They dont wanna give me cards so how can i so that?

Besides they are known as money exchange and transfer platform which im using to move money fast

From my Zenus to My Bulgarian bank account it will take 3 days but with wise its just 1 hour max if not only minutes

I didnt do high volume with them because i dont trust them anyway from beginning

 

[yngmind]

Wise is non trusted monetary institution that they just close your account for no reason

In my case my usage wasn't heavy and wasnt risky at all

Except one move i did that i added AED account in it in order to add a beneficiary company located in UAE

Then suddenly account closed and this move i guess its AI move then human took over

and the picture is after 30 days from appealing

Dont trust wise at all they will just close it for no reason

Did they close your personal or corporate account?

 

[Alexmorgan]

Did they close your personal or corporate account?

Both because they are linked

 

[diatessaron]

I find it funny that so many people are on the "you must have done something wrong" boat. Yet there are so many reports against Wise and their monkey filled compliance department. Scientists create the first ever autistic monkeys

 

[yngmind]

Both because they are linked

Oh, that's really a shame.

They have closed most of my corporate accounts, but my personal accounts are still alive.

Wise was never a solid option. I have always treated it as a temporary option for small sums or currency exchange.

If you run a business, you need something reliable.