Wise Sending International Transfers Flashcards

What is the maximum single transfer limit for personal Wise accounts in the US?

Answer: Limits vary and depend on verification level and destination

Wise transfer limits vary by verification level, payment method, currency corridor, and destination country rather than a single fixed cap.

When Wise converts your money, which of the following fees are typically included in the total cost?

Answer: A fixed Wise service fee only — no conversion markup

Wise charges a transparent service fee but applies no markup to the mid-market exchange rate itself.

A Wise transfer shows status 'We're waiting for your money.' What does this mean?

Answer: Wise has not yet received your payment from your bank

This status means the transfer is created but Wise is still waiting for your bank payment (e.g., ACH debit) to arrive.

If your Wise transfer is sent in EUR but the recipient's bank account is in USD, what happens?

Answer: The recipient's bank converts EUR to USD upon receipt

When you send EUR to a USD account, the recipient's bank typically handles the final conversion upon credit.

Which Wise feature allows you to set up a recurring international transfer automatically each month?

Answer: Wise Recurring Transfers

Wise offers a Recurring Transfers feature that lets you schedule automatic repeating international payments.

For compliance purposes, Wise may freeze a transfer if it suspects what type of activity?

Answer: Money laundering or sanctions violations

Wise is required by law to freeze transfers suspected of money laundering, terrorist financing, or sanctions violations.

Which of the following currencies does Wise NOT typically support for international transfers?

Answer: North Korean Won (KPW)

North Korean Won is not supported because North Korea is under international sanctions, making transfers there illegal for US residents.