USDT to Wise (Personal)

[AndyAresa]

The options are so unimaginably limited for non-EU/UK/US people when it comes to most reliable EMIs.

can you check maybe zen.com can accept you https://ask.zen.com/hc/en-us/articl...pported-for-ZEN-Personal-account-registration

 

[JackAlabama]

did you check in usa? can fund from kraken there or smth.

 

[OKboomer]

Crypto sent to wise leads to account closure very fast

 

[Martin Everson]

We can withdraw to a bank account from wirex?

Yes but only to bank account in your name.

 

[menderes]

Crypto sent to wise leads to account closure very fast

Well we're not asking about sending cryptocurrency, we're asking whether we can send EUR via SEPA transfer from a reputable and regulated crypto exchange. So far it's a toss.

 

[menderes]

can you check maybe zen.com can accept you https://ask.zen.com/hc/en-us/articl...pported-for-ZEN-Personal-account-registration

Nope, not supporting my current country of residence.

Funny because they support Georgia, Armenia, Bangladesh, Bhutan and Turkey, half of which have terrible financial reputation and a ton of illegal money flowing in, but as always, Poles are weird beings that rarely made sense to me.

 

[OKboomer]

Well we're not asking about sending cryptocurrency, we're asking whether we can send EUR via SEPA transfer from a reputable and regulated crypto exchange. So far it's a toss.

Yes i know, when i said send crypto i mean sending money from crypto there.

 

[menderes]

Yes i know, when i said send crypto i mean sending money from crypto there.

What happens when Wise specifically decides to block your account? Do you get an appeal? If they outright terminate your account (or the appeal was not satisfactory) what do they do with your funds, be it in balance on Wise, or in transit?

 

[providenceventurer]

Yes but only to bank account in your name.

Oh i didnt know that, does withdrawal to UAE banks work smoothly enough ,i never knew about this feature of wirex before.Thanks for the info Everson.

 

[JackAlabama]

What happens when Wise specifically decides to block your account? Do you get an appeal? If they outright terminate your account (or the appeal was not satisfactory) what do they do with your funds, be it in balance on Wise, or in transit?

send to another account in your name or keep until you provide one.
id not bank on any appeal being successful or dealt with in a timely matter.

theres only two things to address hostile banking.
1. Do not use it at all esp not for your lifeblood (big savings etc).
2. Where 1. is not possible, have a lot of redundant providers such that you can be ditched by bank a one day and continue with bank b the same day.

 

[Martin Everson]

Oh i didnt know that, does withdrawal to UAE banks work smoothly enough ,i never knew about this feature of wirex before.Thanks for the info Everson.

SEPA wires only so no SWIFT.

 

[W Fish]

What happens when Wise specifically decides to block your account? Do you get an appeal? If they outright terminate your account (or the appeal was not satisfactory) what do they do with your funds, be it in balance on Wise, or in transit?

Not only Wise, any bank or emi in EU.
First they will ask you for the reason of the transfer, then possibly the SOF.
If these are not satisfactory (if the dumba**s in the compliance department does not understand it) they will (have to) make SAR (suspicious activity report) to FIU (financial intelligence unit).
FIU can freeze the funds (tell the bank to do so) for 30 days. If the subject does not prove the legal origin of the funds (and there is no criteria for that) during that time, they can keep the funds for another 60 days.
After that FIU can ask court for approval to keep the funds for a further year. If during this time the subject has not proven the legal origin of the funds, it will be confiscated.
This is really screwed because it violates the basic property rights.
And the reporting person (legal or physical) is free of responsibility for any economic or other damage to the subject while acting according to the AML law. And of course, the FIU will guarantee anonymity to the reporter.
This is EU today.

 

[menderes]

Not only Wise, any bank or emi in EU.
First they will ask you for the reason of the transfer, then possibly the SOF.
If these are not satisfactory (if the dumba**s in the compliance department does not understand it) they will (have to) make SAR (suspicious activity report) to FIU (financial intelligence unit).
FIU can freeze the funds (tell the bank to do so) for 30 days. If the subject does not prove the legal origin of the funds (and there is no criteria for that) during that time, they can keep the funds for another 60 days.
After that FIU can ask court for approval to keep the funds for a further year. If during this time the subject has not proven the legal origin of the funds, it will be confiscated.
This is really screwed because it violates the basic proprty rights.
And the reporting person (legal or physical) is free of responsibility for any economic or other damage to the subject while acting according to the AML law. And of course, the FIU will guarantee anonymity to the reporter.
This is EU today.

This is scary. So there seems to be no standard for what is acceptable and what is not and you're at the whim of some office rats. Even though I have impeccable SOF records and tax records, seems like they can shape the procedure and move the goal post arbitrarily from either malice, incompetence or indifference to the fact that they're causing harm to real people.

Basically presumed guilty until you prove your innocence in a way I find acceptable, but I will not tell you what I find acceptable so just roll the dice and beg me.