Wise in US - how verify trading address?

[daniels27]

That's why I recommend printing and scanning before submitting.

 

[sknomad]

That's why I recommend printing and scanning before submitting.

AI works with huge repository of a documents. Probability that you will be able to fake document based on all details so precisely to be undetectable, is extremely low. It is about use of correct font (many companies use fonts which are not available to the public), sizes which have to be exact to 0.01 px, spaces, formating...
Many people incorrectly believe in their geniality. It is harder and harder to play out a system. I do not say that it is impossible. It is still. But you need to spend as much time, energy and money to be safe, that it does not make a sense any more. Cheaper, easier and faster is to find a way how to obtain original documents.
Does it make a sense to do not sleep quietly in the night for next 10 year to save a few bucks?

 

[daniels27]

AI works with huge repository of a documents. Probability that you will be able to fake document based on all details so precisely to be undetectable, is extremely low. It is about use of correct font (many companies use fonts which are not available to the public), sizes which have to be exact to 0.01 px, spaces, formating...
Many people incorrectly believe in their geniality. It is harder and harder to play out a system. I do not say that it is impossible. It is still. But you need to spend as much time, energy and money to be safe, that it does not make a sense any more. Cheaper, easier and faster is to find a way how to obtain original documents.
Does it make a sense to do not sleep quietly in the night for next 10 year to save a few bucks?

Isn't this the same without AI? You can spot a fake by eye if you hand an original never to it. In any case, if you don't print and scan, most likely meta date will already kill you.

While I agree that most people can be replaced by AI, it here is about having access to an original (big companies should have enough originals from their large user base).

 

[SWinja]

It is about use of correct font (many companies use fonts which are not available to the public), sizes which have to be exact to 0.01 px, spaces, formating...

I'm totally down for true documents and I always use only true ones but I think you overestimate Wise technologies to check this.
I have many utility bills that were just "printed" from DOC file to PDF with very default fonts, so I believe you can edit them in PDF editor. It would look absolutely geniune.
Should I talk about the case, if one would create a fake invoice from scratch (let's say from small Coworking organization)?

And after all, I'm not sure that Wise is trully willing to have geniune accounts. What they want is to not have issues with regulators. And if they weren't able to recognize fake documents that would not be their fault, right?

 

[daniels27]

And after all, I'm not sure that Wise is trully willing to have geniune accounts. What they want is to not have issues with regulators. And if they weren't able to recognize fake documents that would not be their fault, right?

Yes. This. But there are limits. Once the are to many fake accounts, it goes down like UBS. You need a healthy amount of real ones. And you need to keep out the worst criminals.

 

[uranio]

It is a felony.

What is a felony is to ask for documents that are legally not required.
There is no regulation or law that says a company needs to have utility bill or other banks under his company name.

 

[sknomad]

What is a felony is to ask for documents that are legally not required.
There is no regulation or law that says a company needs to have utility bill or other banks under his company name.

Financial institutions must do KYC DD. It is set by the law. Financial instutitutions are not hapoy with it. But it is a law.
It looks that you do not understand a definition of a felony in a law.

 

[daniels27]

What is a felony is to ask for documents that are legally not required.

Forgery is a felony, there is no need for the documents to be legally required. If you use a forged document to gain some advantages, your are punishable.

 

[tomwis]

I have a business account in Wise registered for my US LLC (single member) for almost 2 years.
I'm a resident of Spain.
Wise asked me to verify trading address of business and I'm not really sure what to show them.

I'm in the same boat, and I think WISE asking for a proof of trading address is genuinely wrong. I run Single-Member Non-Resident Alien LLC, so my LLC business is registered in the US, but the beneficiary (me) is a private person residing in Europe. My home address is in no way associated with the LLC, which is totally legal. Having said that - there are no utility/bank/internet bills showing my home address + LLC name.

Is there any way to convince Wise that this setup is legit and the documents should be accepted?

Or is there a cheap alternative for Wise? I collect payments via PayPal, then I send $$ to Wise (this transfer costs $0) and from Wise to Revolut for $12. Maybe I don't need Wise anymore?

 

[daniels27]

Is there any way to convince Wise that this setup is legit and the documents should be accepted?

You mean you pay taxes in Europe as self-employed?

Or is there a cheap alternative for Wise? I collect payments via PayPal, then I send $$ to Wise (this transfer costs $0) and from Wise to Revolut for $12. Maybe I don't need Wise anymore?

If you have US bank details from Revolt, this could be the solution.

 

[tomwis]

You mean you pay taxes in Europe as self-employed?

Yes

If you have US bank details from Revolt, this could be the solution.

No, I see only Lithuania bank details in my Revolut app.

 

[10101]

Anyone here tried to submit a made up office rental contract (made up from scratch) ?
Any risk here that I don't think of?

 

[daniels27]

Anyone here tried to submit a made up office rental contract (made up from scratch) ?
Any risk here that I don't think of?

After reading the accepted documents by Wise, why would you do this when there are so many legal ways that won't get you into potential troubles?

 

[10101]

After reading the accepted documents by Wise, why would you do this when there are so many legal ways that won't get you into potential troubles?

Because it would save me almost $1000 for a virtual office that I wouldn't need for any other purpose.

 

[tomwis]

Ok, my Wise account is unblocked. Turns out it was quite easy, at least for single-member LLC - just take any bank statement showing your real name + personal address and send it to Wise. Make sure you have entered exactly the same in Wise "Trading Address" section. If not - amend it in Wise panel. This "Trading address" doesn't need to align with the address of your US entity and the name on the bank statement doesn't have to mention your US business name at all - just make sure they are all legit and matching. Forget any forgery ideas posted in here or setting up any virtual offices.

 

[daniels27]

Forget any forgery ideas posted in here or setting up any virtual offices.

Yes. Guys read this again. There are enough legal ways.

 

[Offoffshore]

Ok, my Wise account is unblocked. Turns out it was quite easy, at least for single-member LLC - just take any bank statement showing your real name + personal address and send it to Wise. Make sure you have entered exactly the same in Wise "Trading Address" section. If not - amend it in Wise panel. This "Trading address" doesn't need to align with the address of your US entity and the name on the bank statement doesn't have to mention your US business name at all - just make sure they are all legit and matching. Forget any forgery ideas posted in here or setting up any virtual offices.

Where about (Northern Europe etc..) is your personal address?

 

[tomwis]

Where about (Northern Europe etc..) is your personal address?

EU