Wise Test Wise Sending International Transfers 2

Question 1

What exchange rate does Wise use when converting currency for international transfers?

Accepted Answer

The mid-market exchange rate

Answer

Wise uses the mid-market rate (the midpoint between buy and sell rates), which is the fairest rate available.

Question 2

Which of the following is NOT a payment method typically accepted by Wise for sending an international transfer?

Accepted Answer

Personal check

Answer

Wise does not accept personal checks; it supports bank transfers, debit cards, and credit cards.

Question 3

When you send money with Wise, the transfer fee is displayed:

Accepted Answer

Before you confirm the transfer

Answer

Wise shows the exact fee upfront before you confirm, so there are no surprises.

Question 4

If a Wise transfer is delayed, what is the most common reason?

Accepted Answer

Additional identity verification or compliance checks are required

Answer

Transfers are most commonly delayed when compliance checks or identity verification are needed by Wise or an intermediary.

Question 5

What happens to the exchange rate lock when you initiate a Wise transfer?

Accepted Answer

The rate is locked at the moment you confirm and pay

Answer

Wise locks the exchange rate at the moment you confirm and your payment is received, protecting you from rate fluctuations.

Wise Practice Test