Wise advice

[Curiousfish]

Does any 1 know if u can accept gbp on a us llc wise business account on faster payment network or will it be swift only?? thanks

 

[Sols]

Unless it's changed recently, it'll be proper domestic accounts with Faster Payments.

 

[Curiousfish]

Unless it's changed recently, it'll be proper domestic accounts with Faster Payments.

Sorry what does that mean not really clued up does it mean only on uk wise business account

 

[EliasIT]

only on Wise UK accounts, but I believe you can get the GBP as second account as I have that with a Swiss company

 

[ilke]

Sorry what does that mean not really clued up does it mean only on uk wise business account

No, should work for all accounts. In fact, they try to make you use the UK IBANs and accounts (whether for domestic or for SWIFT) as it is the only entity in the Wise group that processes its own multi-currency SWIFT clearing.

only on Wise UK accounts, but I believe you can get the GBP as second account as I have that with a Swiss company

This is not correct (unless something has changed as Sols said), you can get UK local clearing on GBP with Wise from a majority of countries, have last used it with an EU Wise a few months ago though I am not a big fan of the company.

 

[diatessaron]

You will get access to FPS.

 

[Curiousfish]

You will get access to FPS.

Ok thanks do you know if it’s easy to open account for us plc Wyoming

 

[EliasIT]

Same procedure as with any other company, they are not that complicated. We have 7 companies with them all from different countries and all different company forms.

 

[diatessaron]

Ok thanks do you know if it’s easy to open account for us plc Wyoming

I can't comment on this but I don't think it is much different than for a UK company for example.

 

[Forester]

do you know if it’s easy to open account for us plc Wyoming

I am also not a Wise fan and I am not following them closely; but from what I have heard, Wise does not like US companies very much in the last time and they are quite restrictive. I would personally go for almost anything but Wise. For accepting local GBP payments with a US LLC, Airwallex is probably the easiest bet.