I have a Wise account registered to a Thai address, but also kept a bank account in my home country, and I have Revolut and N26 with an address in my home country in case <deleted> hits the fan. Obviously, I will be moving any funds out of the Wise account to avoid any tax implications.

30 minutes ago, JimmyTobacco said:

I have a Wise account registered to a Thai address, but also kept a bank account in my home country, and I have Revolut and N26 with an address in my home country in case <deleted> hits the fan. Obviously, I will be moving any funds out of the Wise account to avoid any tax implications.

My understanding is N26 uses Wise for international transfers. N26 also requires one to have a proven EU address, and I thought, also requires EU residency in addition to an EU address, ... although I suspect once one has an N26 account it is difficult for N26 to discover one's residency has changed.

Happily I don'T have a wise account, as it never could if you lived in Thailand. I only use wise to get my euro's to come to Thailand. However i am so disappointed by the lies they told me about several transfers, that i hardly use them anymore. If they will ask for copies of visa and or passport i will delete them. Be careful what information you give. In Thai news nothing has ever mentioned that Wise has a banklicence.

5 minutes ago, ikke1959 said:

In Thai news nothing has ever mentioned that Wise has a banklicence.

Wise Thailand won't have a banking license as it isn't going to operate as a bank. It will have the following five licenses:

Regulatory Licenses

Wise is the first non-bank in Thailand to hold this particular combination of licenses, which include:

• Electronic Money Service License

• Electronic Fund Transfer Service License

• Authorised Money Transfer Agent License

• Authorised Electronic Money Business Operator License (specifically an FX e-money license)

• Foreign Business License

A bank is usually defined as a financial institution that accepts deposits and makes loans. Perhaps Wise accepts deposits, but I don't think Wise will be making loans, thus it does not fit the typical definition of a bank and therefore may not require or qualify for a banking license.

Edited May 7May 7 by Etaoin Shrdlu

On 5/6/2026 at 4:39 AM, Raindancer said:

Why not keep the money in your UK bank account? Then wait until the exchange rate is favourable, and do the transfer to wise.

Thanks, that is exactly what I do, keep GBPs until, like yesterday, the rate goes up.

As I said in an earlier reply, last week I did my usualy monthly transfer 'For Long Term Stay in Thailand' which was followed by a box asking if I needed an FET proof paper. This month's arrived as usual over the weekend, so the next one must be in June, so time to investigate other methods.

Edited May 8May 8 by wil iam not