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TransferWise changes name to Wise

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Re: TransferWise changes name to Wise

#111

Post by marban »

emp_ wrote: post #91

Great Timing! USERS BEWARE, my story I used the service for two years and just had the most surreal disastrous experience since the year flipped. I religiously send a the same (about 5k USD) to my home country every month so I can pay my mortgage and other bills I left when moved to NA. 2021 arrives, I start a transfer on January 27, days pass, nothing. I contact support 10 days later (of something that in the past 2…

Same with Klarna or Revolut. I've come to the conclusion that Zawinski's Law for Fintechs goes like: Every Fintechs attempts to expand until it adds customer support.

Re: TransferWise changes name to Wise

#113

Post by jeofken »

eafkuor wrote: post #108
emp_ wrote: post #91

Great Timing! USERS BEWARE, my story I used the service for two years and just had the most surreal disastrous experience since the year flipped. I religiously send a the same (about 5k USD) to my home country every month so I can pay my mortgage and other bills I left when moved to NA. 2021 arrives, I start a transfer on January 27, days pass, nothing. I contact support 10 days later (of something that in the past 2…

> I religiously send a the same (about 5k USD) to my home country every month Good lord, how much money do you people make in the US?

You’d be surprised how rich a society can be with a high IQ demographics, low taxes (I.e. barriers), and free enterprise. In Europe, landlocked no-oil Switzerland is a good example of this.

Re: TransferWise changes name to Wise

#114

Post by ranguna »

eafkuor wrote: post #108
emp_ wrote: post #91

Great Timing! USERS BEWARE, my story I used the service for two years and just had the most surreal disastrous experience since the year flipped. I religiously send a the same (about 5k USD) to my home country every month so I can pay my mortgage and other bills I left when moved to NA. 2021 arrives, I start a transfer on January 27, days pass, nothing. I contact support 10 days later (of something that in the past 2…

> I religiously send a the same (about 5k USD) to my home country every month Good lord, how much money do you people make in the US?

I guess that's the up side of not having free education, free health care system and a good social security.

Re: TransferWise changes name to Wise

#115

Post by lazyasciiart »

eafkuor wrote: post #108
emp_ wrote: post #91

Great Timing! USERS BEWARE, my story I used the service for two years and just had the most surreal disastrous experience since the year flipped. I religiously send a the same (about 5k USD) to my home country every month so I can pay my mortgage and other bills I left when moved to NA. 2021 arrives, I start a transfer on January 27, days pass, nothing. I contact support 10 days later (of something that in the past 2…

> I religiously send a the same (about 5k USD) to my home country every month Good lord, how much money do you people make in the US?

Well, that's almost enough to match the median household income in the US ($68k) so you probably don't want to extrapolate too far from what they make.

Re: TransferWise changes name to Wise

#116

Post by the_70x »

ranguna wrote: post #114
eafkuor wrote: post #108

Earlier quoted context omitted.

> I religiously send a the same (about 5k USD) to my home country every month Good lord, how much money do you people make in the US?

I guess that's the up side of not having free education, free health care system and a good social security.

I understand the __free__ concept. But is more welfare than free. Is paid from everyone taxes

Re: TransferWise changes name to Wise

#117

Post by nickpp »

ranguna wrote: post #114
eafkuor wrote: post #108

Earlier quoted context omitted.

> I religiously send a the same (about 5k USD) to my home country every month Good lord, how much money do you people make in the US?

I guess that's the up side of not having free education, free health care system and a good social security.

Yeah, when your government doesn’t take money from your pocket to pay for and give you "free" stuff, you end up with more you can then decide to spend as you need. Who would’ve thought?!

Re: TransferWise changes name to Wise

#118

Post by kweks »

computator wrote: post #32

Would it be safe to use this if you're transferring a very large amount of money, for example to buy a house in a foreign country? Anyone have experiences (good or bad) with large transfers they'd like to share?

Completed multiple 7 figure transfers on a virgin account without a hitch - for the very reason of purchasing abroad.

Saved > 35kEU in rates - the local bank FX rates were daylight robbery.

Re: TransferWise changes name to Wise

#119

Post by jaspax »

eafkuor wrote: post #108
emp_ wrote: post #91

Great Timing! USERS BEWARE, my story I used the service for two years and just had the most surreal disastrous experience since the year flipped. I religiously send a the same (about 5k USD) to my home country every month so I can pay my mortgage and other bills I left when moved to NA. 2021 arrives, I start a transfer on January 27, days pass, nothing. I contact support 10 days later (of something that in the past 2…

> I religiously send a the same (about 5k USD) to my home country every month Good lord, how much money do you people make in the US?

5k per month is 60k per year. A typical developer makes at least 100k per year in the US; but if you are only support yourself then you can easily live on 40k per year outside of SV and a few other high-rent areas. The math checks out. And sending 60% of your salary back home is something that plenty of people do.

Re: TransferWise changes name to Wise

#120

Post by drukenemo »

nickpp wrote: post #117
ranguna wrote: post #114

Earlier quoted context omitted.

I guess that's the up side of not having free education, free health care system and a good social security.

Yeah, when your government doesn’t take money from your pocket to pay for and give you "free" stuff, you end up with more you can then decide to spend as you need. Who would’ve thought?!

It’s indeed a hard point to get across when you’ve been indoctrinated (we all are about something) that leaving it to the government is a better option. For example, people in Europe obsess about retirement plans, but rarely consider the possibility for creating their own private future financial plan.
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