Wise Test Wise Receiving Global Payments 3

Question 1

What information must you provide to a payer sending you money via SEPA bank transfer to your Wise EUR account?

Accepted Answer

IBAN and BIC

Answer

Sort code and account number

Answer

Routing number and account number

Answer

BSB and account number

Question 2

Which Wise feature allows you to receive payments from platforms like Amazon, Fiverr, or Upwork in multiple currencies?

Accepted Answer

Wise account details for supported currencies

Answer

Wise Business debit card

Answer

Wise interest-bearing savings account

Answer

Wise international wire transfer service

Question 3

When receiving a payment via ACH into your Wise USD balance, what is the typical settlement time?

Accepted Answer

1–3 business days

Answer

Instant (same second)

Answer

7–10 business days

Answer

Same day if sent before noon EST

Question 4

If a payer mistakenly sends funds to your Wise account that were intended for someone else, what should you do?

Accepted Answer

Contact Wise support to initiate a return of funds

Answer

Keep the funds as Wise cannot reverse transfers

Answer

Transfer the funds back directly from your balance

Answer

File a police report before contacting Wise

Question 5

Which type of Wise account provides access to account details in the most currencies for receiving payments?

Accepted Answer

Wise Business account

Answer

Wise Personal account

Answer

Both offer identical receiving capabilities

Answer

Wise Borderless account (discontinued)

Question 6

What happens to funds received in a currency for which you have not yet opened a balance in Wise?

Accepted Answer

Wise may auto-convert them to your default currency or hold them pending balance creation

Answer

The transfer is rejected and returned to sender

Answer

Wise holds the funds indefinitely at no charge

Answer

Funds are donated to charity after 30 days

Question 7

A US-based user receives £500 GBP from a UK client via Wise account details. What does Wise charge the recipient for receiving this payment?

Accepted Answer

Nothing — receiving money via local bank transfer is free

Answer

A flat £2.50 fee

Answer

0.5% of the received amount

Answer

A fee that varies by the sender's country