Transfers with Transferwise

[Nasters]

When you make a transfer with Transferwise, does it reach the recipient with your full name?

Thank you.

 

[Sols]

In most cases that I have seen, the recipient will see your name or something along the lines of "TransferWise on behalf or <your name>".

It might depends on which currency you use, though. I suspect in some cases (smaller, exotic currencies) the recipient might only see TransferWise, not your name.

 

[Nasters]

In a Borderless account a transfer Eur to Eur ?

Thank you.

 

[Sols]

Yes, your name will be visible to the recipient for such a transfer.

 

[Nasters]

Yes, I know, but:

1) TransferWise on behalf xxx xxx xxx

or

2) your name xxx xxx xxx

 

[Sols]

2) your name xxx xxx xxx

This one.

 

[void]

for unsupported currencies (without your personal bank details) it looks like this

sender: TRANSFERWISE LTD
reference/message for recipient: <YOUR NAME> TransferWise ID <SOME LETTERS AND NUMBERS>

for EUR SEPA transfer there's your name and personal IBAN (not a word about transferwise)

 

[rowena]

It depends on currency, destination and amount.

Ex: They will use your name for EUR SEPA transactions below €10K. If it is higher than €10k, sender will be Transferwise but it is different SEPA transaction with "Initial Originator" field which will be your name.

 

[void]

Ex: They will use your name for EUR SEPA transactions below €10K. If it is higher than €10k, sender will be Transferwise but it is different SEPA transaction with "Initial Originator" field which will be your name.

very interesting, it's possible because while I send higher 5 figures via transferwise monthly I always avoid single transaction higher than 9k

 

[Garret Gates]

I was checking different times with EUR only, most often TransferWise in Europe, but in Turkey they see your company name.

 

[Martin Everson]

for unsupported currencies (without your personal bank details) it looks like this

sender: TRANSFERWISE LTD
reference/message for recipient: <YOUR NAME> TransferWise ID <SOME LETTERS AND NUMBERS>

Even with personal bank details it can look like that i.e for TW's SGD account transfers . However I heard they are working to fix this as SGD personal accounts are new.

It depends on currency, destination and amount.

Thats exactly right. You can add also sending from TW local currency account i.e EUR to a GBP destination account at another bank will show Transferwise Ltd as sender. In end you will find you honestly just have to test with a small transfer.

 

[Spinat]

However I heard they are working to fix this as SGD personal accounts are new.

what is that SGD

 

[Runway]

I did a CHF transfer this week (below 10k) and it showed for the first time my company name. Previously it always carried TW name

 

[Garret Gates]

I did a CHF transfer this week (below 10k) and it showed for the first time my company name. Previously it always carried TW name

That’s interesting

 

[Martin Everson]

what is that SGD

Singapore Dollars