Wise Test Wise Receiving Global Payments 2

Question 1

What does Wise's 'account details' feature provide to users who want to receive USD from US payers?

Accepted Answer

A Wise-owned bank account number routed through ACH/wire

Answer

A virtual debit card number

Answer

A PayPal-linked account

Answer

A cryptocurrency wallet address

Question 2

When a client sends you a SWIFT wire in USD to your Wise account details, who typically pays the SWIFT intermediary fees?

Accepted Answer

The sender's bank deducts them from the transfer amount

Answer

Wise absorbs all SWIFT fees

Answer

The recipient pays a flat $5 fee

Answer

No fees apply to SWIFT transfers on Wise

Question 3

Which of the following currencies does Wise NOT currently support for receiving local account details?

Accepted Answer

Venezuelan Bolivar (VES)

Answer

British Pound (GBP)

Answer

Euro (EUR)

Answer

Australian Dollar (AUD)

Question 4

If you receive EUR via your Wise EUR account details, how is the money held by default?

Accepted Answer

In EUR in your Wise EUR balance

Answer

Automatically converted to USD

Answer

Held in a Wise escrow account for 3 days

Answer

Split equally across all your Wise balances

Question 5

What is the main advantage of sharing your Wise local account details instead of your personal bank's SWIFT/BIC details?

Accepted Answer

Senders pay lower or no international transfer fees

Answer

You receive funds faster than any other method

Answer

Wise guarantees same-day settlement for all currencies

Answer

You get a higher exchange rate on incoming funds

Question 6

A freelancer in the US wants to receive GBP payments from UK clients into their Wise account. What must they do first?

Accepted Answer

Open a GBP balance and obtain UK account details

Answer

Apply for a UK bank license through Wise

Answer

Convert USD to GBP before sharing details

Answer

Enable two-factor authentication on the Wise app

Question 7

How does Wise notify you when an incoming payment has been credited to your account?

Accepted Answer

Push notification and email

Answer

Only via monthly statement

Answer

SMS only, no email

Answer

No notification — you must check manually