Wise Test Wise Sending International Transfers 4

Question 1

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

Accepted Answer

Limits vary and depend on verification level and destination

Answer

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

Question 2

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

Accepted Answer

A fixed Wise service fee only — no conversion markup

Answer

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

Question 3

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

Accepted Answer

Wise has not yet received your payment from your bank

Answer

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

Question 4

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

Accepted Answer

The recipient's bank converts EUR to USD upon receipt

Answer

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

Question 5

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

Accepted Answer

Wise Recurring Transfers

Answer

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

Wise Practice Test