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Moving Funds from Wise Business (US LLC) to EU Bank Account - Is This Fine?

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ineedmoremoney

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May 22, 2025
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#1
Hi everyone,


I have a Wise Business account set up for my US LLC. I'm a non-EU resident in terms of where I live, but I also hold citizenship in an EU country. Here’s a quick breakdown of my setup:

  • I own a US LLC
  • I have a Wise Business account in the name of the LLC.
  • I receive income primarily in my EUR Wise balance
  • I have citizenship and a personal bank account in an EU country.
  • My trading address is in my non-EU country, and all business info is verified with Wise.

Since Wise doesn’t offer a card for US entities, I can’t spend directly from the account. Transferring money to my non-EU bank account involves higher fees, so I’m considering moving funds from Wise to my EU personal bank account instead.

Has anyone done this? Is this approach okay with Wise’s policies?


Thanks!
 
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#3
Yes, definitely fine, why wouldn't it be? You can remit distributions to yourself at any time or make purchases on behalf of the entity (and then get paid back).
 
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#5
ilke said:
Yes, definitely fine, why wouldn't it be? You can remit distributions to yourself at any time or make purchases on behalf of the entity (and then get paid back).
Click to expand...
Because the bank account is from another country than my trading address. Not sure if they will be like "why is your trading address a non EU country, but you are sending money to a EU bank account?" But then again, Wise even allows multiple trading addresses.. so not sure.
 
#6
You can open as many accounts as you like it's not a problem at all, suggested Revolut is good so Airwallex and others.
 
#8
ineedmoremoney said:
Hi everyone,


I have a Wise Business account set up for my US LLC. I'm a non-EU resident in terms of where I live, but I also hold citizenship in an EU country. Here’s a quick breakdown of my setup:

  • I own a US LLC
  • I have a Wise Business account in the name of the LLC.
  • I receive income primarily in my EUR Wise balance
  • I have citizenship and a personal bank account in an EU country.
  • My trading address is in my non-EU country, and all business info is verified with Wise.

Since Wise doesn’t offer a card for US entities, I can’t spend directly from the account. Transferring money to my non-EU bank account involves higher fees, so I’m considering moving funds from Wise to my EU personal bank account instead.

Has anyone done this? Is this approach okay with Wise’s policies?


Thanks!
Click to expand...
I have not had any problems doing this and do it frequently over the last years. In the details field you want to put in salary or expenses or something.
 
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#9
ineedmoremoney said:
I know that I can open them. I was wondering if those would look "suspicious" to Wise because the account would have a different country than my trading address on Wise.
Click to expand...
No, why would that be a problem?
It’s not unusual for an international company to have multiple addresses, sometimes to appear larger than it actually is. It really depends on what kind of addresses we’re talking about.

If they’re all just P.O. boxes or known virtual office addresses, then you might want to forget itk or at least be cautious. It might get through, but it definitely looks a bit suspicious.
 
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#10
ineedmoremoney said:
Hi everyone,


I have a Wise Business account set up for my US LLC. I'm a non-EU resident in terms of where I live, but I also hold citizenship in an EU country. Here’s a quick breakdown of my setup:

  • I own a US LLC
  • I have a Wise Business account in the name of the LLC.
  • I receive income primarily in my EUR Wise balance
  • I have citizenship and a personal bank account in an EU country.
  • My trading address is in my non-EU country, and all business info is verified with Wise.

Since Wise doesn’t offer a card for US entities, I can’t spend directly from the account. Transferring money to my non-EU bank account involves higher fees, so I’m considering moving funds from Wise to my EU personal bank account instead.

Has anyone done this? Is this approach okay with Wise’s policies?


Thanks!
Click to expand...
I've done exactly this with no issues until Wise stopped liking that Sheridan, Wyoming address everyone uses.
 
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#11
I did this for years with a pretty similar setup, moving money from my US LLC to my personal bank account in Europe. However, that would count as a distribution in my case... so I had to pay taxes for those amounts.

If I may, I'd suggest you open a Revolut account for your LLC provided you live in Europe (not all countries supported, but most, though).
 
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#12
brianK said:
No, why would that be a problem?
It’s not unusual for an international company to have multiple addresses, sometimes to appear larger than it actually is. It really depends on what kind of addresses we’re talking about.

If they’re all just P.O. boxes or known virtual office addresses, then you might want to forget itk or at least be cautious. It might get through, but it definitely looks a bit suspicious.
Click to expand...

Just normal apartments where I actually live. I travel between those two every year, so that's it.

ddddmmm said:
I did this for years with a pretty similar setup, moving money from my US LLC to my personal bank account in Europe. However, that would count as a distribution in my case... so I had to pay taxes for those amounts.

If I may, I'd suggest you open a Revolut account for your LLC provided you live in Europe (not all countries supported, but most, though).
Click to expand...

But was your trading address from the same country as your bank account in Europe? I'll just stick with a normal bank for now, one neobank like wise is enough. I don't gain anything from opening Revolut.
 
#14
cionide said:
Revolut has savings accounts with decent %
Click to expand...

Thanks, wasn't aware of it. Sorry, you replied to a post I've deleted. Can you answer the question in my previous post? Thanks!

Issue is that I need to be a tax resident in the EU country (revolut says so), which I am not. I could get an address there and get verified, but yeah not sure if it's worth the risk.
 
#16
Hi, I do not understand, If you transfer money from your Wise LLC to EU personal bank account, your local tax authority will absolutely see that and you will have to pay dividends on that money, I am right?

I have the same Wyoming LLC Wise/Relay but transfering money in my european bank account will tigger the local authority and they will tell me to pay taxes for that money, because I am resident in Europe.

I am wrong?
 
#17
hat24 said:
Hi, I do not understand, If you transfer money from your Wise LLC to EU personal bank account, your local tax authority will absolutely see that and you will have to pay dividends on that money, I am right?

I have the same Wyoming LLC Wise/Relay but transfering money in my european bank account will tigger the local authority and they will tell me to pay taxes for that money, because I am resident in Europe.

I am wrong?
Click to expand...
You aren't wrong. We aren't all avoiding taxes here.
 
#18
hat24 said:
Hi, I do not understand, If you transfer money from your Wise LLC to EU personal bank account, your local tax authority will absolutely see that and you will have to pay dividends on that money, I am right?
Click to expand...
No, a money transfer can be anything. It can be money borrowed to the company paid back, money being lent to the owner, salary payment, payment for services rendered, payment for products / fx bought, payment for reimbursement of expenses paid out of pocket, etc.

There is no such thing as automatic tax or something. You can move money freely between you and your company as much as you like. You just need to know what you are doing it for and then make the necessary declarations.
 
#19
cionide said:
You aren't wrong. We aren't all avoiding taxes here.
Click to expand...
No trying to avoid at all, but at least need do something to pay less, in Europe with VAT and other taxes paying around 40% of profit to government...

daniels27 said:
No, a money transfer can be anything. It can be money borrowed to the company paid back, money being lent to the owner, salary payment, payment for services rendered, payment for products / fx bought, payment for reimbursement of expenses paid out of pocket, etc.

There is no such thing as automatic tax or something. You can move money freely between you and your company as much as you like. You just need to know what you are doing it for and then make the necessary declarations.
Click to expand...

I see, I am stuck with these, have 1 RAK offshore company, 1 Wyoming USA company and 1 Europe company, I have read tons of articles, asked a lot of people but everyone have their own opinion.
 
#20
hat24 said:
I see, I am stuck with these, have 1 RAK offshore company, 1 Wyoming USA company and 1 Europe company, I have read tons of articles, asked a lot of people but everyone have their own opinion.
Click to expand...
It is very simple, you can make as many transfers as you want. But in the end, you need to adhere to your local laws. If you bring in money as X, you need to pay the taxes required for X.

In this thread, they are mainly talking about taking US LLC money to a personal account to reiumburse the person for the business expenses he put on his personal card. As long as the expenses were for business purposes, this does not lead to any taxes due. In that sense, X would be "paying back a loan from a individual to a company" or eventually "allowances" in case the purchases are of the nature like business dinners etc.

How about you open a new thread with your specific question and we will give you our advice on it? I am looking forward to.
 
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