Warren Buffett

Quick question for anyone in the loop: can you link a Wise USD bank account to a PayPal account registered here in the States?

Some people pull it off, some don't. Give it a shot...

ironcyclist58 said:Some people pull it off, some don't. Give it a shot...

Once the money is withdrawn, does PayPal pay out in USD or is it automatically converted to local currency?

The payout will be in dollars, since my US account only accepts USD.

I actually did a quick test run recently by transferring funds from PayPal to Wise just to see how it would work.





To be honest, I don't use this method very often because I don't deal with much dollar-denominated business. Plus, when using my local PayPal, you can only move dollars directly to that US Wise account. If I had to convert Euros into Dollars first—especially with those terrible PayPal exchange rates—just to send them over, only to convert them right back into Euros or Dollars once they arrive? That would be a massive waste of money. If you're primarily working with Euros, wouldn't it make more sense to just open a PayPal account within the European Union? You can simply link an IBAN—whether it's from a major US bank, Chime, or any other provider—and the money arrives without any extra fees. 🙂 Of course, you really need a valid address in that region to avoid any issues with your account being flagged.

Kevin Morris12 said:The payout will be in dollars, since my US account only accepts USD.

I actually did a quick test run recently by transferring funds from PayPal to Wise just to see how it would work.





To be honest, I don't use this method very often because I don't deal with much dollar-denominated business. Plus, when using my local PayPal, you can only move dollars directly to that US Wise account. If I had to convert Euros into Dollars first—especially with those terrible PayPal exchange rates—just to send them over, only to convert them right back into Euros or Dollars once they arrive? That would be a massive waste of money. If you're primarily working with Euros, wouldn't it make more sense to just open a PayPal account within the European Union? You can simply link an IBAN—whether it's from a major US bank, Chime, or any other provider—and the money arrives without any extra fees. 🙂 Of course, you really need a valid address in that region to avoid any issues with your account being flagged.

How did you actually link your Wise USD account to your PayPal? It keeps rejecting mine!

What kind of error message are you getting? I added mine without any issues at all 🤷

Kevin Morris12 said:What kind of error message are you getting? I added mine without any issues at all 🤷

'Sorry, we’re unable to link that bank because it is disabled. please try another bank.'

That’s strange. I actually just logged into my account to check, and everything seems perfectly fine—that account is still right where it should be.

If someone is moving funds through a Wise account and PayPal, what kind of timeframe should I realistically expect before the money actually hits?

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Looks like Venmo isn't letting you link up with a Wise US account anymore

Does anyone here have their card handy?

I have a few things I'm curious about—we can discuss them right here, or if you prefer, we could move this over to the Democratic Party forums.

I've got one.

Just a few quick questions, hope this isn't a total waste of space.

So, Revolut has tightened up their conversion limits on me, so now I’m hunting for something similar to fill the gap.

Basically, is it actually feasible to top up a Wise account using my current checking account at Chase, convert those dollars to euros at a rate comparable to what Revolut offers, and then use that to fund another card—specifically my Crypto.com Visa—without getting hit by a mountain of hidden fees?

Does anyone know what the monthly conversion limit looks like over there?

And is there a maintenance fee for that card, or is it actually free to use, much like Revolut?

Thanks in advance.

The conversion fee from USD-EUR is honestly worse than what most of our local banks charge, sitting at nearly 1%.

ironcyclist58 said:The conversion fee from USD-EUR is honestly worse than what most of our local banks charge, sitting at nearly 1%.

In that case, I think I'll pass. Appreciate the effort 👍

Are Euro transfers from Wise to N26 instant?
What about Wise to Monese?
Or Wise to Vivid?
And Wise to Wirex?

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Tw -> Chase is a solid bet, I've tested it myself.

I haven't messed around with any other combinations yet, but if I had to guess, I wouldn't say Tw -> Vivid works very well.

Has anyone experimented with transferring USD between two different foreign currency accounts owned by separate individuals here in the States? Apparently, banks don't permit direct foreign currency deposits within the US, so I'm wondering if this might serve as a straightforward workaround.

Walter Garcia47 said:Has anyone experimented with transferring USD between two different foreign currency accounts owned by separate individuals here in the States? Apparently, banks don't permit direct foreign currency deposits within the US, so I'm wondering if this might serve as a straightforward workaround.

Look, if you're sending USD to someone via Wise into a foreign currency or multi-currency account, the transfer hits them looking like it's coming from a business entity using a US IBAN. Wise maintains an account at JP Morgan Chase.
Is it even legally possible for a business entity to deposit USD to an individual in the US?
Does Wise support transferring USD in the US?

By the way, US banks permit foreign currency transfers domestically, but only if you're moving funds between your own accounts or to an account where you're a designated representative. That's what the federal currency laws dictate. 👎

Edward Evans7 said:Look, if you're sending USD to someone via Wise into a foreign currency or multi-currency account, the transfer hits them looking like it's coming from a business entity using a US IBAN. Wise maintains an account at JP Morgan Chase.
Is it even legally possible for a business entity to deposit USD to an individual in the US?
Does Wise support transferring USD in the US?

By the way, US banks permit foreign currency transfers domestically, but only if you're moving funds between your own accounts or to an account where you're a designated representative. That's what the federal currency laws dictate. 👎

Nah, if you're sending Euros, it’s coming straight from your personal Wise bank account using your IBAN...

Edward Evans7 said:Look, if you're sending USD to someone via Wise into a foreign currency or multi-currency account, the transfer hits them looking like it's coming from a business entity using a US IBAN. Wise maintains an account at JP Morgan Chase.
Is it even legally possible for a business entity to deposit USD to an individual in the US?
Does Wise support transferring USD in the US?

By the way, US banks permit foreign currency transfers domestically, but only if you're moving funds between your own accounts or to an account where you're a designated representative. That's what the federal currency laws dictate. 👎

I'm with you on this...