Wise Suspended, Looking for EMI bank options

[arjunsuru]

I had a wise (personal, not business) is suspended for no reason. now lot of money stuck.

Any suggestions for EMI banks who accept individuals?
mercury, novel, relayfi only taking businesses

 

[JohnLocke]

Didn't they say what the reason is? what did you use the account for?

Do you tried Revolut, Airwallex ?

 

[arjunsuru]

Didn't they say what the reason is? what did you use the account for?

Do you tried Revolut, Airwallex ?

wise said they couldn't give any specific reason for security concerns, i used wise to receive payouts from stripe and pay my vendors, nothing shady and it was a 3 year old wise, also alot of my friends experienced this ban, so many wise accounts were suspended in last few weeks for no reason.

i guess revolut won't work for me i'm canadian. i will try airwallex thanks for suggesiton

 

[ActionMan]

I had a wise (personal, not business) is suspended for no reason. now lot of money stuck.

"No reason"? Of course, there is a reason. Wise thrives on fees, so banning an account due to third-party transfers doesn't make sense. I believe your counterparty, especially if they are involved in P2P transactions, could be the cause. Additionally, having a personal account doesn't help in this situation

Any suggestions for EMI banks who accept individuals?
mercury, novel, relayfi only taking businesses

Payoneer could work

 

[Sols]

wise said they couldn't give any specific reason for security concerns, i used wise to receive payouts from stripe and pay my vendors, nothing shady and it was a 3 year old wise, also alot of my friends experienced this ban, so many wise accounts were suspended in last few weeks for no reason.

Why were you using a personal account to receive Stripe? And what vendors were you paying? That's not normal personal account usage, especially if it's as you say a lot of money.

Anyway, there's your reason — or at least one of them. You're using a personal account for business purposes.

Other EMIs are going to come to the same conclusion sooner or later. Just open a company and a business account instead next time.

 

[Digital Mirage]

Olkypay, Bunq

 

[Martin Everson]

i used wise to receive payouts from stripe and pay my vendors

As soon as I heard this ( for a personal account) your whole suspended for no reason argument disappeared.

 

[jafo]

As soon as I heard this ( for a personal account) your whole suspended for no reason argument disappeared.

I bet my SCROTUMS he was NOT paying vendors owned by institutional investors (e.g., Vanguard, Fidelity, etc.).

Source: https://finance.yahoo.com/quote/WISE.L/holders/