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fancythat | 2 years ago
The fact that you are being rejected by Revolut and Airwallex simply means that there is something fundamentally wrong on how you do your money transfers. I am not saying you are doing something criminal, but rather that your methods are raising alarms all over their systems.
Regarding your funds, Wise is supervised by FCA, Financial Conduct Authority in the UK, and a lot of the times, writing email to them might get things started.
Now, for those that are saying that Wise is not a bank and therefore the funds are not secured, hear me out:
Money transfer services need to have 100% of your money covered in cash, unless you opt-in on interest earnings and similar additional products, but even though those are also protected in some way (check Wise faq).
Wise being a large company, has multiple bank accounts spread around the world, meaning that they are probably more resilient to the negative events than even some larger banks in your country.
Of course, be careful with your money, never trust anyone 100%, always spread your risks, but generally speaking, Wise and similar services are the next best thing to hopping on the plane and opening bank account in different countries.
Source: working in Fintech atm
x-complexity|2 years ago
Just because it's working for you, doesn't mean it's not working for them. Their funds are still frozen.
> The fact that you are being rejected by Revolut and Airwallex simply means that there is something fundamentally wrong on how you do your money transfers. I am not saying you are doing something criminal, but rather that your methods are raising alarms all over their systems.
"I am not saying you are doing something criminal"
The fact that you're even ceding grounds in the first place is part of the problem. Again, they haven't done anything to warrant this behavior. Why isn't "innocent until proven guilty" being applied here?