WISE transfer times getting longer - why?

[cliveshep]

For some  years now I have been using Wise (formerly Transferwise) with no problems until recently. Setting up a transfer Wise usually said 'should arrive in seconds' and indeed it did. Now it is a different story, one made at 6.30 this morning is now expected to arrive 8 hours later while another one made around 1.30pm will now arrive tomorrow around 2.30pm. Both in spite of Wise already holding the money.

 

I have now formally complained because in both cases the pop-up advised 'should arrive in seconds' but once the transfer was set up the 8 hour and 24 hour time scale was advised. The 8 hour transfer arrived at 2.30pm a few minutes ago. 

 

Why are Wise holding back money already in their possession? Is it because of interest earned on the no doubt huge totals they handle?

[anchadian]

It would help if you informed us what Thai bank you are using.

[CallumWK]

19 minutes ago, cliveshep said:

Why are Wise holding back money already in their possession? Is it because of interest earned on the no doubt huge totals they handle?

 

Try sending directly from your home country bank to Thailand, using Swift, and see if you get it in 8 or even 24 hours

[freedomnow]

Yes, ,my test amount was next day vs seconds to Bangkok Bank.

Maybe it is AML filters now.

[scubascuba3]

What's the big deal? wait, have patience or do the transfers earlier so you don't get desperate