Wise is not anymore what it used to be

[Jedimaster]

For 2 months now, my transfers (euro to baht) have taken 24 hours instead of the usual 24 seconds, or minutes, as was the case for the past 5 years.

 

I have contacted Wise repeatedly because they were not exactly willing to provide explanations for these delays.

 

Reading between their lines, and all the blah blah, it appears that these new delays are here to stay.

 

In other words, Wise is now behaving like a regular bank, keeping its customers' money as long as possible, especially overnight, in order to rake in interest money.

 

On top of the big step backwards taken by Wise, it doesn't help that they haven't judged necessary to inform their customers of this significant change, but rather keep on pretending that everything is as usual.

 

 

[Henryford]

My Wise transfer this week took seconds, as usual. But if i transfer to Bangkok Bank it takes upto one day.

[Halfaboy]

Time required for transferring money depends (probably amongst others) on the amount of money you want to transfer. This week I did a test. Some 1.350 € would take seconds and and 1.500 € would take more than a day. Higher amounts (say 10.000 €) and up may take even more time.

[sometimewoodworker]

2 hours ago, Jedimaster said:

For 2 months now, my transfers (euro to baht) have taken 24 hours instead of the usual 24 seconds, or minutes, as was the case for the past 5 years.

 

I have contacted Wise repeatedly because they were not exactly willing to provide explanations for these delays.

 

Reading between their lines, and all the blah blah, it appears that these new delays are here to stay.

 

In other words, Wise is now behaving like a regular bank, keeping its customers' money as long as possible, especially overnight, in order to rake in interest money.

 

On top of the big step backwards taken by Wise, it doesn't help that they haven't judged necessary to inform their customers of this significant change, but rather keep on pretending that everything is as usual.

 

 

Your experience and conclusions are totally independent of mine. 

My last 2 transactions of £2,300 and again £4,500 both within the last month arrived in less than 60 seconds from initiating the transfer pulling from my U.K. bank (RBoS) initiated by Wise to arrival in the Thailand bank (SCB)

 

Previously it took quite a time, up to 3~5 days

Edited 2 hours ago by sometimewoodworker

[Chivas]

RBS as above poster to Wise to SCB is landing in seconds as always

Been tracking the last now 23 transfers since people started quibbling

 

22 landed instantly in few seconds and one took just over an hour

 

(Edited in.....transfers have been sent on every day of a normal week weekends/bank holidays make no difference)

 

I only posted this on one of the Wise FB groups yesterday

 

Initiate transfer laptop/app send via simple bank transfer from saved payee on RBS to Wise

 

Ping seconds later as money hits SCB before I even get the chance to click "I've sent my monies" icon on Wise app

 

I really dont understand what some people are doing I really dont

Edited 1 hour ago by Chivas

[Raindancer]

11 minutes ago, Chivas said:

RBS as above poster to Wise to SCB is landing in seconds as always

Been tracking the last now 23 transfers since people started quibbling

 

22 landed instantly in few seconds and one took just over an hour

 

(Edited in.....transfers have been sent on every day of a normal week weekends/bank holidays make no difference)

 

I only posted this on one of the Wise FB groups yesterday

 

Initiate transfer laptop/app send via simple bank transfer from saved payee on RBS to Wise

 

Ping seconds later as money hits SCB before I even get the chance to click "I've sent my monies" icon on Wise app

 

I really dont understand what some people are doing I really dont

Well, I have been using wise for a few years now.   And despite what amount, what reason I use for transfer, and transferring every time before 7am, it always arrives in BBK account at 14.13 hours same day. 

 

But not at weekends,  which always arrive on the Monday.

 

I have used " pulling from UK bank" and depositing money with wise, prior to transfer.

 

And every transfer shows, " should arrive in seconds"  prior to confirming transfer.

 

But 6/7 hours is fine by me.

 

So, it must be a BBk bank issue.

[Chivas]

5 minutes ago, Raindancer said:

Well, I have been using wise for a few years now.   And despite what amount, what reason I use for transfer, and transferring every time before 7am, it always arrives in BBK account at 14.13 hours same day. 

 

But not at weekends,  which always arrive on the Monday.

 

I have used " pulling from UK bank" and depositing money with wise, prior to transfer.

 

And every transfer shows, " should arrive in seconds"  prior to confirming transfer.

 

But 6/7 hours is fine by me.

 

So, it must be a BBk bank issue.

 

Could well be yes. Although I've only "monitored" the last 23 transfer obviously I did many prior to that. I dont recall ever having a "next day" arrival of monies

Now I've always done it the same way. Money not on Wise accounts, no debit cards, no credit cards, but simple I send them the money and I do wonder if its that reason that all mine are instantaneous

[quake]

Only used wize a few times in the last 3 years.

every time 1-2 days.

Maybe because it comes from the isle of Man.

[Seppius]

Just did a large'ish transfer from the uk to Kbank with Wise, the usual seconds. Got 43.89, I thought I would take that, who knows after the US election result where it might go.

 

Bitcoin and crypto seem to like what it sees, soaring. ATH for BTC