Wise problems

[HighPriority]

20 minutes ago, Yagoda said:

Well actually young fella, it on theirs as they tell me. But no mind, its conveneince rather than a necsssity, when I go to the USA next moth Ill just grab a a few thousand cash to fatten up my Asian accounte and save the fees

Seems like a reasonably smart move for you 👍🏼

[KannikaP]

2 hours ago, superal said:

I do know a couple of ex-pats in that situation living in Thailand with their Thai wife and children  .

Then I stick with my adjective...Stupid!

[nrasmussen]

5 hours ago, Moonlover said:

 

This is copied from the UDS website Link to UDS

 

'Peer-to-Peer Transfer System

 

Wise operates a unique peer-to-peer system that matches user transfers with someone sending money in the opposite direction. By doing so, Wise can minimize or eliminate the need for traditional currency conversion, resulting in fairer and more competitive exchange rates'.

 

There is a more comprehensive description elsewhere, but I have better things to do with my time than go searching for it.

 

No I do not know why payments are slow just now. Maybe it's connected with Thailand's sluggish economy.

 

 

Perhaps your own quote answers your question: I.e., the amount of THB needs to be already in Thailand to cover your transfer and, if not, they will have to delay until they have enough THB locally to put into your account.

[Moonlover]

1 minute ago, nrasmussen said:

 

Perhaps your own quote answers your question: I.e., the amount of THB needs to be already in Thailand to cover your transfer and, if not, they will have to delay until they have enough THB locally to put into your account.

 

I haven't actually asked a question, however I do believe that there's a possibility that you're right. There is one clue that I've picked up on over the years which is that delays to payouts seen to occur around Thai holiday periods when business and hence in-payments slow down.

[nrasmussen]

13 minutes ago, Moonlover said:

 

I haven't actually asked a question, however I do believe that there's a possibility that you're right. There is one clue that I've picked up on over the years which is that delays to payouts seen to occur around Thai holiday periods when business and hence in-payments slow down.

 

Yes, that makes sense.

 

(I'm sorry that I phrased my reply like that. I misinterpreted your statement about not knowing to be a question. I apologise for putting words in your mouth.)

[billd766]

3 hours ago, KannikaP said:

Then I stick with my adjective...Stupid!

Can YOU see and predict exactly what the future will be in 20 years time, or even what will be happening in the next week.

 

I can remember what the forex rate was for the Thai baht. 

 

From 1993 it has varied from as low at 37 to as high as 95 baht to the GBP.

 

Could YOU have predicted that?

 

Did YOU or the majority of the world see Covid coming? Where even if you wanted to, you were not even allowed to fly back to your own country.

 

The stupid person here is YOU.

 

You can make a plan and a budget, and then you have to change it simply because circumstances beyond your control change.

 

Can you predict the exact time and date of your death? Will you live to be 60, 70, 80, 90 or even 100 or more. How long do you plan to live, and how will your plan be affected if you live for a longer or shorter period.  

 

What happens to your master plan, if you are involved in a car crash and have to spend the rest of your life in an ICU?

 

 

[Yagoda]

4 hours ago, HighPriority said:

Seems like a reasonably smart move for you 👍🏼

Lucky for me I can do it. Sucks to be those who cant and whose Wise starts glitching

[HighPriority]

6 minutes ago, Yagoda said:

Lucky for me I can do it. Sucks to be those who cant and whose Wise starts glitching

My transfers to my wise cc have been fine. 

[MangoKorat]

7 hours ago, KannikaP said:

Are you referring to stupid expats, and others, who cannot organise their finances to last them another 24 hours.

If you need the money tomorrow, then send it yesterday!   555

You don't think people should be able to rely on this then?

 

[mikebike]

33 minutes ago, MangoKorat said:

You don't think people should be able to rely on this then?

 

You really don't understand what they are telling you, do you 🤣

[MangoKorat]

1 hour ago, mikebike said:

You really don't understand what they are telling you, do you 🤣

I understand very well that 'should' doesn't mean 'always' so don't be an a s s.

 

When you've sent payments regularly and they've literally taken seconds (something Wise gloat about), it can be a bit worrying. It can also create problems - depending on the reason for your transfer.

 

If Wise are having problems and a payment is likely to take longer, it would be courteous of them to tell you - not continue with the same 'should arrive in seconds' message.

[NorthernRyland]

Last time I used Wise it popped up some message like "my account was associated with micro-transactions" and it took 5 days to send following some verification. First time that ever happened and not sure if it will happen again. Same bank I always used so I don't know what's up. Maybe they're doing some changes to the system right now.

[TheAppletons]

8 hours ago, NorthernRyland said:

Last time I used Wise it popped up some message like "my account was associated with micro-transactions" and it took 5 days to send following some verification. First time that ever happened and not sure if it will happen again. Same bank I always used so I don't know what's up. Maybe they're doing some changes to the system right now.

  Same here.  

 

 Was never a delay problem until WISE partnered with PLAID.  What previously took a day now takes a week due to my account having been verified via micro-transactions.

 

 WISE recently informed me that I could speed up my transfers by going into the settings of my account and obtaining "instant verification" for my credit union account.  It appears that this is a process whereby WISE/PLAID will re-direct you to the log-in page of your bank/credit union and record your log-in for verification purposes.  I have no intention of sharing my bank/credit union's log-in credentials with another entity so that's a non-starter for me.  

[Yagoda]

14 hours ago, HighPriority said:

My transfers to my wise cc have been fine. 

thats fine. But others arent having the same experience. So why aree your panties in a wad?

[KannikaP]

Don't understand some of these posts. I keep a reasonable GBP balance in my Wise account, topping up when needed from my UK bank.

Then during the month I convert to THB when the rate is good, I have a notification pops up when it goes above my pre-set limit making sure that the is sufficient for my Immigration needs.

Then on 1st of each month I send THB to my Bangkok Bank costing Bht 31.70, as long term stay, and it arrives the next day at about 2 o clock.

I was recently in Dubai/Bahrain and used only my Wise card for all transactions, worked perfectly.

[Yagoda]

Just now, KannikaP said:

Don't understand some of these posts. I keep a reasonable GBP balance in my Wise account, topping up when needed from my UK bank.

Then during the month I convert to THB when the rate is good, I have a notification pops up when it goes above my pre-set limit making sure that the is sufficient for my Immigration needs.

Then on 1st of each month I send THB to my Bangkok Bank costing Bht 31.70, as long term stay, and it arrives the next day at about 2 o clock.

I was recently in Dubai/Bahrain and used only my Wise card for all transactions, worked perfectly.

some of us dont want to leave money sitting in Wise

[KannikaP]

14 hours ago, billd766 said:

Can YOU see and predict exactly what the future will be in 20 years time, or even what will be happening in the next week.

 

I can remember what the forex rate was for the Thai baht. 

 

From 1993 it has varied from as low at 37 to as high as 95 baht to the GBP.

 

Could YOU have predicted that?

 

Did YOU or the majority of the world see Covid coming? Where even if you wanted to, you were not even allowed to fly back to your own country.

 

The stupid person here is YOU.

 

You can make a plan and a budget, and then you have to change it simply because circumstances beyond your control change.

 

Can you predict the exact time and date of your death? Will you live to be 60, 70, 80, 90 or even 100 or more. How long do you plan to live, and how will your plan be affected if you live for a longer or shorter period.  

 

What happens to your master plan, if you are involved in a car crash and have to spend the rest of your life in an ICU?

 

 

I was only calling stupid, those who leave it to the last minute, when they are desparate for money, to expect Wise, or any transfer to be instant. 

 

Whoever put CONFUSED, are you referring to yourself or me please?

Because it certainly is not me!

[KannikaP]

1 hour ago, TheAppletons said:

I have no intention of sharing my bank/credit union's log-in credentials with another entity so that's a non-starter for me.  

Then you will NOT get Instant Verification, and your transfers could be delayed. Up to you!

[KannikaP]

4 minutes ago, Yagoda said:

some of us dont want to leave money sitting in Wise

Where do you leave your money which you could need quickly then?

Yes, I have other UK bank accounts from which I can transfer almost immediately to Wise or Revolut, or anywhere. Wise just makes it easier FOR ME.

[NorthernRyland]

1 hour ago, TheAppletons said:

Was never a delay problem until WISE partnered with PLAID.  What previously took a day now takes a week due to my account having been verified via micro-transactions.

 

 WISE recently informed me that I could speed up my transfers by going into the settings of my account and obtaining "instant verification" for my credit union account.  It appears that this is a process whereby WISE/PLAID will re-direct you to the log-in page of your bank/credit union and record your log-in for verification purposes.  I have no intention of sharing my bank/credit union's log-in credentials with another entity so that's a non-starter for me.  

interesting thanks for sharing. Why do they need to reverify the account via micro transactions? They already verified the account when I started using wise like 4 years ago!  Great, so now we need to wait 7 days up from seconds. That's an appalling regression of service.

[Yagoda]

22 minutes ago, KannikaP said:

Where do you leave your money which you could need quickly then?

Yes, I have other UK bank accounts from which I can transfer almost immediately to Wise or Revolut, or anywhere. Wise just makes it easier FOR ME.

Well that was the issue that started me in Wise years ago, the need for fast transfers into my Thai Bank account.

I havent really figured out yet what to do. I dont even have an active Wise card until I return to the USA next month. Meanwhile, my Cambodian account is flush and I dont require more than 150-250000 B in my Thai account because thats just for GoGo girl fees at this time. With the exception of a few offshore things I dont mess with, all my money is in the USA. I may open a Schwab account as their ATM withdrawels overseas are free.

 

My kid, who lives overseas has some gig going with her Swiss Bank account that is similar to Wise, I may have her put my name on it, then I can spend her money.

 

Its just a PITA when you do things one way for 10 plus years to suddenly have to change. 

[Yagoda]

4 minutes ago, NorthernRyland said:

interesting thanks for sharing. Why do they need to reverify the account via micro transactions? They already verified the account when I started using wise like 4 years ago!  Great, so now we need to wait 7 days up from seconds. That's an appalling regression of service.

Thats what I have been whining to them about for 5 months now. In my case, almost 10 years.

[KannikaP]

3 minutes ago, Yagoda said:

I may open a Schwab account as their ATM withdrawels overseas are free.

It all depends on whether you need the transfers/withdrawals to THB to be shown as Foreign Transfers for Immigration purposes, which I, and many others, do.

Wise to Bkk Bank always shows as FTT if you click 'for long term stay in Thailand' so Mr IO is happy.

[freeworld]

On Trustpilot Wise reviews are quite good, the reviews are mostly positive, not too bad as a transfer service for cost and efficiency one could say.

 

https://www.trustpilot.com/review/wise.com

Wise tfer 1000gbp

 

 

An alternate is Remitly, equally good service and positive reviews.

 

https://www.trustpilot.com/review/remitly.com

 

Remitly tfer 1000gbp

 

 

[NorthernRyland]

23 minutes ago, Yagoda said:

Thats what I have been whining to them about for 5 months now. In my case, almost 10 years.

they started doing this to you too 5 months ago? Mine just started and if it goes on it's going to get boring fast.

[Yagoda]

Just now, NorthernRyland said:

they started doing this to you too 5 months ago? Mine just started and if it goes on it's going to get boring fast.

Things started slowing down and I tried repeatedly to use their systems to"verify" the accounts they had withdrawn thousands of dollars from.

 

Their customer service is atrocious.

[freeworld]

5 minutes ago, Yagoda said:

Their customer service is atrocious.

Banking is highly secret and I'm sure they are doing some checks. The service is only atrocious when a customer experiences some kind worry when their transfer is delayed. Fortunately there are alternatives.

[bunnydrops]

I wouldn't be surprised at all if all this had something to do with the new tax law. More bookkeeping on the Thai side

[Albaby]

21 hours ago, Yagoda said:

Well actually young fella, it on theirs as they tell me. But no mind, its conveneince rather than a necsssity, when I go to the USA next moth Ill just grab a a few thousand cash to fatten up my Asian accounte and save the fees

American banks, American spelling? Very confusing🤣

[KannikaP]

33 minutes ago, bunnydrops said:

I wouldn't be surprised at all if all this had something to do with the new tax law. More bookkeeping on the Thai side

Nothing to do with it.  I did two transfers last month, same speed as always.