The problem is that after 11 days my funds haven't cleared and TransferWise support isn't very confident that it will. I have no doubt that Swift receipts work for many (most?) cases, all I'm saying is that it isn't guaranteed to clear.And what's the problem? I have received this before, but the receiver bank still cleared the transaction.
We're talking about receiving funds here.If you send EUR to EUR account there is not the slightest problem. You may ask the receiver bank to what is going on at their end. Most often TW can't do anything wiht transfers send to other accounts where this issue occurred.
maybe problem occurs because of this. They have informed you that some banks now do support this payment method to TW Belgian accounts, but not all of them yet.I just received the following email from TransferWise support
What happens is that at the moment we have two different partner banks for our EUR balances. So: * If your IBAN starts with DE you can receive SWIFT payments from outside the SEPA zone. * If your IBAN starts with BE you can only receive SEPA payments. No SWIFT. One thing to keep in mind is that for both accounts you can only receive in EUR.
I’ve been using TW borderless account for one year in order to receive Eur in SEPA and transfer Eur to outside of SEPA. So far, so good, everything has been going smooth.
[...]
Received the following explanation from Transferwise regarding the swift receipts:
That's interesting. Is the EUR outside SEPA sent as OUR or SHA (fees) from Transferwise?
By doing that it means they get 0 business, no FX involved, no fees to receive and send EUR.
Won't they block such pass through accounts? Do they provide a full monthly statements in PDF?
After being told BE can't receive swift I requested a switch to DE and was told this isn't possible as they're in the process of migrating everyone to BE, so this would make sense.Did anyone else get the Transferwise email that said Transferwise DE Euro iban's are switching to a belgium BE one by July 2020 and to stop using DE one?
Yes me tooDid anyone else get the Transferwise email that said Transferwise DE Euro iban's are switching to a belgium BE one by July 2020 and to stop using DE one?
"Can I use my new EUR bank details to accept Euros sent from outside the EU?Your right. The new BE euro IBAN is SEPA only.
No, it can't. My IBAN details for EUR shows bank in Brussels and little note with something like "For receiving EUR via SEPA". I clarified with their support and they confirmed that I can't receive EUR outside SEPA if my bank details Brussels. Before TW were giving Handelsbank IBAN which could accept EUR ouside SEPA. Now they forcefully migrating my account to Brussels bank.Don't spread disinformation: TW Eur can receive SWIFT. Then in specific cases (for instance if you get from high-risk countries) they can ask documentations etc.. But I've been using it for so long to get EUR wire transfers from all over the globe with no problems at all.
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