I was sending money to a friend overseas using Wise, and I wondered if they needed a Wise account to receive the money. They don’t have one, so I was curious if I could still transfer funds directly to their local bank account without them having to sign up for Wise.
Answer by: abdullah-al-naim
2 months ago
No, you do not need a Wise account to receive money in your bank account from someone using Wise. Here’s how it works:
Direct Bank Transfers: If the sender uses Wise to transfer money to your bank account, they only need your bank details (such as account number and sort code or IBAN), not your Wise account.
No Account Setup Required: You can receive the funds directly in your local bank account, in your local currency, without having to create a Wise account.
Wise as an Intermediary: Wise acts as the intermediary to convert and transfer the funds, but the receiver does not need to be a Wise customer. They only need a bank account capable of receiving international transfers.
If you frequently receive international payments, you may consider creating a Wise account to simplify and save on currency conversion fees with the help of Business Globalizer. To get a activate WISE account, contact with Business Globalizer
https://businessglobalizer.com/contact/
