If I open a Wise account for my UK Ltd, who is going to know?

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Asterion

New member
As per the title.

Who would Wise tell if opened a bank account for my UK Ltd with them? I have already a normal bank account with a typical high street bank for the Ltd.

I plan to use this other account for a client to send me an advance on expenses that I will incur to carry out a project for them. Given these expenses are in a number of currencies (working with translators in a couple of countries, plus USD and EUR etc), I thought it might be simpler with a separate account with Wise. I have heard good things about their bank accounts and VISA cards.

I have used them before, including for my Ltd, but only as a payments provider. But they were payments for my own business, not fronting expenses related to client's work.
 

Asterion

New member
Thanks! Forgot to mention: I am regularly resident in the UK, although a EU national. I pay my tax in the UK, my LTD pays its tax in the UK. So I guessme having a second bank account for my company wouldn't be anything out of normality?
 

Larin

New member
Thanks! Forgot to mention: I am regularly resident in the UK, although a EU national. I pay my tax in the UK, my LTD pays its tax in the UK. So I guessme having a second bank account for my company wouldn't be anything out of normality?
Not at all. In fact it’s quite normal I’d say. My company had accounts with 4 different providers at one point.
 

birdcay7788

New member
To Author of the post:
How all this work for you? I think if Wise is FCA regulated, why they wouldn't pass all the account movement? I'm not UK resident but authors topic affects me too- looking for EU business, to open account in other jurisdiction (UK) and Bank account in Malta or Wise.
Thing is, sender that send money weekly, doesn't give a f, where the money goes, unless it has EUR IBAN.
Was thinking of Malta Trust (possibly takes time) or UK company + Wise.
IMHO Wise is not the best option, they have closed account and were doing security checks more than 90 working days. Btw they withdraw money to director's private account.
 

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