Wise suddenly changed its terms
Wise (ex. Transferwise) was a good platform and partner in business up until recently. They have blocked our account, asking for verification documents, specifically, a 4-6 months long bank statement from our primary bank. I would say it's a bit unusual request. Nevertheless, we have provided those documents and waited for their resolution. That took some weeks.
Today, we could not login anymore because our account was deactivated. That's all the info we got. Not even an email about this, we have to try to login to get that info. When you call them, they say to you "it's another team that does it, we can not access why your account is deactivated.".
The whole time we have money in the account we could not access. Now, we can not even "see" the balance anymore. We have requested refund, but their waiting times for resolution are, check this, up to 30 working days.
We are legit, legal, registered business. Was on Wise for 5 years probably up until this situation.
I do not recommend using Wise for your business as it will leave you with locked account with money inaccessible to you.
December 11, 2023
Unprompted review