I wanted to receive Wise payments in pounds from a UK site, but to do so, I needed a BIC and an IBAN number. Wise normally only offers a UK sort code and account number, but when I contacted support, they somehow created a BIC and IBAN ...
On the cost side, “P2P” doesn’t mean much either – all providers are trying to minimize the flow of internal transfers. Wise doesn’t literally wait for $1,000 to arrive from the UK to the US to initiate an exact transfer of $1,000 from the US to the UK. Other money transfer...