![]() ![]() Is It Safe to Send Large Amounts with Wise? Like it so far? Get a fee-free transfer of up to 500 GBP on Wise Later on, I’ll send some money from Wise to my bank account for further clarification and to let you know how the process works. It’s been more than a year now, I’ve sent and received thousands of dollars through Wise and didn’t face any issues to date. Whenever I get paid by any of the companies I am affiliated with, I transfer that money from PayPal to my Wise account and from there to my Pakistani bank account. I am using my friend’s PayPal account who lives in the US and linked my Wise bank account details with his account. It is because most of the companies I am affiliated with paying me via PayPal and since I live in Pakistan, PayPal isn’t officially available here so I’ve to use a third-party service like Wise to get paid in my Pakistani bank accounts. I never wrote any review just for the sake of my affiliate commission, the final choice is definitely yours. However, this doesn’t influence my writings in any way and I am not here to convince you to use Wise at all cost. On this blog, I am earning most of the money through affiliate marketing, meaning I earn a commission when someone like you makes a purchase through the referral links in my article at no additional cost to you, which helps me to run this blog.įor example, if you sign up to Wise via any of the links in this article, I’ll earn a small commission at no additional cost to you. Now, let me share my experience with you as a user of Wise. Today it has over 10 million customers (I am one of them) around the world, moving almost $7 or £5 billion of their money every month. Provides you real-time notification for instant alertsĪlso, Wise isn’t a new company, it has been around since 2011 and if it weren’t a safe platform, it would likely have been consigned to the garbage heap of dead technology platforms long ago.Offers extra-secure transactions with 2-factor authentication.These financial regulatory agencies protect you and the market they operate in by monitoring Wise to make sure it meets their regulatory standards and if they find that Wise is not following their rules, they intervene to protect consumers.įurthermore, to keep you relatively safe, Wise: Since Wise is regulated by financial authorities around the globe, click to learn more about where Wise is regulated and see all its licenses yourself. They have to follow a strict set of rules set by regulatory agencies in every country they operate in – such as the FCA in the UK and FinCEN in the US. It has robust security and encryption in place to keep your personal data secure and it is also regulated by financial authorities all around the world to protect you. Wise is safe to send and receive money internationally.
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