1: Suppose I hold both a passport and an ID card. Can I use my passport for identity verification first, and then my ID card for address proof?
Answer: I have not encountered this situation so far, but it should be feasible, after all, it is the address on the ID card. It is also a type of address proof, so if you have the conditions to apply for a credit card, a credit card address proof is very good.
2: Does the first deposit activation require a deposit of 10 pounds or more than 20 pounds? Can I recharge directly through the exchange?
Answer: There is no amount limit for the first deposit activation. Even if you deposit one pound, it will be counted. You cannot directly recharge through the exchange because you need to provide proof. You can also recharge directly if you can provide it, but this is not recommended.
3: How about the handling fee?
At present, I have not paid attention to the handling fees related to international transfers. I only know that pound transfers are free and there is no handling fee. However, other currencies may be charged. For details, please go to YouTube to find out for yourself.
wise related:
1: How to apply for his card?
Answer: You need to keep your account number for a few days after registration, change the region to the UK, that is, change the address, and then immediately apply for a physical card and a virtual card. After the application is completed, immediately change it back to China. You can find the transfer address to transfer the card. When I return to my country, I seem to have to pay for the card when I apply for it. There is a green card and a white card (physical card) that can apply for three virtual cards. After the application is completed, I will not be able to apply for the card again after I change back to my country. However, The original application can be used normally.
2: After how many times I have transferred money, do I need to provide proof?
According to my previous experience in requesting information for transfers, generally speaking, the following information must be provided:
If you are a student, please provide your student certificate. If you don’t have a student ID, you generally only need to submit your domestic bank statement and the software you used to deposit money into Wise. I guess the most commonly used one is Dupay. Just provide the transfer certificate. Then there is the reason. Be clear, if you are asked to prove your source of funds, if you are working, just provide your pay stub or something. If you are a student, just provide proof of poverty allowance, grants or scholarships. In short, if you are asked to provide proof, just provide it directly. That's it. Please cherish your Wise account. This one is still very useful.
3: What should I do if my domestic mobile phone number cannot receive the Wise registration verification code?
In this case, it is recommended to wait for the text message. If not, please prepare a Hong Kong mobile phone number. If you use the Hong Kong mobile phone number temporarily, prepare a worry-free trip. For long-term use, please get a Hong Kong mobile phone number (physical). If you use it at the beginning If Wuyouxing provides you with a Hong Kong mobile phone number, you will need to hold your passport for verification when you change your mobile phone number.
4: Wise fees? Wise card cash withdrawal fees? Currency conversion fees?
I will tell you part of what I know now.
The first two withdrawals with the wise physical card are free, as long as the withdrawal does not exceed 200 pounds (it should be similar in other areas). After the free times are used up, it is 0.5 pounds + 1.75% (this also applies to the free withdrawal, after the first two withdrawals exceed 200 pounds) 1.75%, no £0.50)
The currency conversion fee is charged based on the amount you convert. It is generally cheaper. According to visual inspection, I only charge 0.1 pounds for the conversion fee of 13 pounds, which can be converted into Singapore dollars or RMB.
Wise, if you want to remit money domestically through WeChat and Alipay, it seems that you will get around 12 to 13 yuan to remit 100 yuan. The same goes for remitting 1,000 yuan.
Miscellaneous:
1: WeChat Alipay charging situation (bind international card)
Answer: If WeChat and Alipay are bound, as long as the amount does not exceed 200 yuan, the handling fee will be charged by Tencent. If the card you bind does not have a designated currency, it may be charged by the bank. Currency conversion fees.
2: Meituan, Ele.me, Pinduoduo Taobao charging status (bind international card)
Answer: Meituan currently waives handling fees. I have tested it.
When Ele.me uses Alipay, there is no handling fee when paying with a bound international card. I judge that it should be no more than about 200 yuan.
For Pinduoduo and Taobao, a handling fee will be charged regardless of the amount of consumption. If you have the idea of shopping, it is recommended to bind WeChat or Alipay. It is highly recommended to bind WeChat and use it. It is very delicious.
3: WeChat currently cannot bind international cards. Please remind domestic real-name users that they cannot bind international cards?
Answer: Please re-register a WeChat account and go to the real-name store to use passport authentication. You can choose any country. Anyway, just upload your domestic passport when uploading. The review usually takes a few minutes. After the review, you can bind the international card, but you have finished binding it. After international cards, be sure not to bind more than one (because of Tencent’s risk control reasons). You may not be able to pay at that time. You need to contact customer service to submit card certificates. You can provide virtual card or physical card certificates. To bind wise virtual cards, you must provide virtual cards. On the card page, the card number is exposed, the date is covered by the security code, and a screenshot of the transaction record is required, including the copy of WeChat payment.
4: According to reliable information, ifast bank will launch a physical card. When is the specific date?
Answer: Maybe it’s the first half or middle of the year. After all, their customer service said so.
5: Are there any restrictions on foreign exchange settlement?
Answer: I only know part of it so far, so please forgive me.
Using Wise to remit money back to China, whether you choose Alipay bank card or WeChat, will occupy the US$50,000 limit.
If you use the card provided by him or cash out, there is no such restriction.
The same is true for ifast bank remittances back to the country. There is a limit of US$50,000.
6:Is this safe? Is this legal? Will these banks run away?
Answer: It’s safe, don’t worry. It's also legal. No one is involved in any process. The tutorial mentions some big exchanges. The same is true if you use Kraken and the like. I've never seen a bank run away, and Wise definitely doesn't. It won’t run, and neither will ifast. Don’t worry.
At least this plan can guarantee that your normal consumption curve is basically no big deal, and it is basically just the handling fee, but it will pass if you tolerate it, and it is also very cheap. After all, people have to eat.
