Wise in US - how verify trading address?

#22
10101 said:
Yes, that's exactly what I stated. Could be tricky for some people. What could happen if one just change the name on documents with e.g. photoshop? Is WISE checking/verifying documents?
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Ok, sorry. I mis-read your post and overread the non. Yes, you cannot use any non-US home address. You need to use a US home address instead, that works.

Probably not. But you run the risk of having your account gone.
 
#23
10101 said:
What could happen if one just change the name on documents with e.g. photoshop?
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Probably nothing (but you are of course violating ToS and most likely some law). They might close your account if they see something is false, and they could report you for falsifying the documents. Both cases are not very likely but of course possible.
10101 said:
Is WISE checking/verifying documents?
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It depends on your Photoshop skills.

The point to understand is that (most) banks/EMIs do not question you for their own fun, but rather to please regulators. They want to have as many documents that meet the regulator's guidelines for if need be.
 
#24
daniels27 said:
Ok, sorry. I mis-read your post and overread the non. Yes, you cannot use any non-US home address. You need to use a US home address instead, that works.
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Why do you think you cannot have non-US trading address? It looks okay according their explanations in the support portal. (https://wise.com/help/articles/2969315/how-does-wise-verify-my-business-address)
For example, I presume I can rent a coworking space in Barcelona and ask landlord to make an invoice issued to my US LLC. It should work, right?
 
#25
#26
SWinja said:
Why do you think you cannot have non-US trading address? It looks okay according their explanations in the support portal. (https://wise.com/help/articles/2969315/how-does-wise-verify-my-business-address)
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It was in context to sing other post. As long as you have documents there in your company's name, it works.

SWinja said:
For example, I presume I can rent a coworking space in Barcelona and ask landlord to make an invoice issued to my US LLC. It should work, right?
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Yes. Or a bank statement on that address.
 
#27
The thing is - Wise doesn't want your home address, if that's your personal address, and has no ties to your LLC.
They know it's a Single Member LLC - and for all intents and purposes it's tied to your home address, but they just do not care.

When I submitted a proof of address for my home country - they responded with this:
"The name on the document should be the name of your business, not your personal name."

I suppose you also don't have any documents showing the name of your company tied to your address in Spain.
It seems they're kicking down on all the businesses using Virtual Addresses and Registered Agents.
 
#28
Yes. Unless you have a bank statement from another bank with your company and your Spanish address (note that running a US LLC from Spain is most likely veer dumb).

Alternatively, change your last name to Llc and you will be fine too.
 
#29
That's interesting. I would buy a solid virtual office with a utility bill. It's not cheap, but it will work.

Pay for one month of this virtual office, get the document, submit it to Wise, and tell them to f off.

Damn, why do we always have to deal with those crooks requesting documents, and when we finally will be able to chill, and not worry about banks shutting us down? It's so pathetic that we focus on this bs instead of focusing on our business.
 
Reactions: SWinja
#31
yngmind said:
Damn, why do we always have to deal with those crooks requesting documents, and when we finally will be able to chill, and not worry about banks shutting us down? It's so pathetic that we focus on this bs instead of focusing on our business.
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Because too many are abusing it for things that it is not meant for.
 
#35
So it seems I passed the verification. They don't tell you did but I discovered yesterday that they suspended my payment with comment "we're verifying documents". And it got unblocked only today. It never took so long before.
To be honest, I pooped my pants because basically they suspended my account for awhile.
I guess they just set the flag "verifing docs" when they start review. I submitted the doc 3 days ago and have been in the line until yesterday.

The doc I submitted is the bank statement from Zen.com with US address.
My US address is from Mailroom which is subservice of Firstbase, perhaps it's not so well-known or maybe Wise does not care about that, I don't know.
 
#36
SWinja said:
My US address is from Mailroom which is subservice of Firstbase, perhaps it's not so well-known or maybe Wise does not care about that, I don't know.
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Yup just give them what they wanted. Like all FI's its a tick box exercise. They are not detectives. Unless the address has been used for fraud or it appears in some blacklist then staff will just take the doc and move on to ticket 923 in queue of 18,430 tickets...lol.
 
Reactions: SWinja and ilke
#37
I just got the same verification.
Got creative with a credit card's statement from another country, took 2 minutes of edit. after 2 days everything seems good.
Btw, before to submit I sent out all the funds from all my wises accounts.
 
#40
daniels27 said:
Absolute felony. Forgery to calm down bank monkeys.

The only one getting arrested here is you. For felounious...
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More and more financial institutions (and other companies) implement AI tools to detect falsified documents. As soon as falsified document is identified, account is frozen and criminal report is filled automatically. It was possible to use modified documents safely 15 years ago. Not now. AI tools are used to go through all saved documents in DWH.

Amazon use this tools to verify all Seller accounts now. Even it is not a financial institution.

Use of darks or other falsified documents is illegal and more and more risky due to technology progress.
 
Reactions: JustAnotherNomad
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