I agree, if business owners have alternatives available to them they should prepare that and manage their finances defensively. When Wise works, it does work very well though. No subscription fees, low transaction fees, and an EU IBAN with access to many currencies in many jurisdictions. Few alternatives can match that.wise whacking accounts as normal.
The forum is full of this and it should not be trusted for crucial operations.
Agreed.wise whacking accounts as normal.
The forum is full of this and it should not be trusted for crucial operations.
Yes, a rental contract should suffice.Do you know whether a rental contract is enough to confirm the trading address or Wise requires utility bills?
Possibly.They prob send this only to directors with an IP address different from the company's country of registration
Which is stupid, because I will not connect to a public IP address without a VPN.They prob send this only to directors with an IP address different from the company's country of registration
Actually, using a VPN is stupid because it is extremely easy to detect one. What you are looking for are residential proxies, but these are more complicated to use compared to VPNs and expensive.Which is stupid, because I will not connect to a public IP address without a VPN.
Not even sure they will ask for any supporting documents, might be case by case situation. Last year they asked me to updated my address, no docs were asked,Yes, a rental contract should suffice.
no its not and many banks dont care about vpn usage at all. Id ditch all which do.Actually, using a VPN is stupid because it is extremely easy to detect one. What you are looking for are residential proxies, but these are more complicated to use compared to VPNs and expensive.
And? It will still add a layer of security to my connection which is the whole point of using it in public wifi.Actually, using a VPN is stupid because it is extremely easy to detect one. What you are looking for are residential proxies, but these are more complicated to use compared to VPNs and expensive.
Hello @wazonYeah actually today I got an email to update my trading address or my account will be suspended by 22th August.
I also have UK LTD and I am not UK citizen, not Bangladesh as well. Anyways that's what they said:
So that sounds like you can put any address you want?
Don't see any problems with that, I just put my home address as trading address, in case they need some proof of address document, I can easily provide it. Before I updated it to my home address, my trading address was the same as my business registration agency address.
It's more about the AFS(anti-fraud-systems) which will directly flag you if you use a vpn.VPN is usually only a problem for financial service providers like banks if you happen to share IP address with someone they have banned recently, or if the IP address is in a prohibited territory.
These days, people use VPN so much to get around geo restrictions on Netflix, Spotify, and whatnot. It used to be suspicious by itself, but not so much anymore.
no its not and many banks dont care about vpn usage at all. Id ditch all which do.
And? It will still add a layer of security to my connection which is the whole point of using it in public wifi.
What a joke.
good candidate to be ditched then.
And that makes no sense. During my time in finance I've seen more businesses fail because of what their compliance department came up with than any other reason. I'd suggest you stop using that EMI because I've used Wise with VPN on before and they never emailed me about it specifically. So this smaller EMI is doomed to fail sooner or later, just like Bankera.
https://jspaint.app/Just got the same request today by Wise to register a business place, for a foreign-owned US LLC. But my country of residence is not in the list of accepted countries, so that I cannot fill in my "trading" address. I guess I will lose this USD account, after losing Mercury account due to lack of US operations. I am left without USD account... I do not need one at the moment, but this can be a problem in the long run...
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