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A change of address led to our Wise accounts being shut down

(shaun.nz)
325 points jemmyw | 2 comments | 30 Oct 25 22:41 UTC | HN request time: 0.563s | source
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monooso ◴[31 Oct 25 00:11 UTC] No.45766958[source]▶
I had a very similar experience with Wise recently. I finally managed to find a document they deemed acceptable (at the fifth attempt) the day before the deadline. At no point did I receive a clear explanation as to why a document was rejected.

After the second rejection I hastily transferred all of my business funds to other accounts, and have no intention of returning.

replies(1): >>45767030 #
hn_acc1 ◴[31 Oct 25 00:23 UTC] No.45767030[source]▶
Any suggestions for alternatives? I set up an account and tested a transfer to an out-of-country account, just in case I need to leave the US.. It worked painlessly. But recently, I think they closed my account pending more documents.

Also, any suggestions on reasonably secure bank accounts one can hold without citizenship / residency? Swiss?

replies(4): >>45767170 #>>45767379 #>>45768953 #>>45771343 #
csomar ◴[31 Oct 25 06:22 UTC] No.45768953[source]▶
The only real solution (that many people here in HN hate?) is crypto. USDT/USDC on Eth or Solana and rails to the old systems are much better now. If you are really paranoid (USDT/USDC have a blacklist functionality), then hold Bitcoin and open a derivative short essentially creating a synthetic USD.

Bitcoin doesn't have a blacklist functionality and you can use lightning for full anonymity.

replies(1): >>45769141 #
1. Karrot_Kream ◴[31 Oct 25 07:07 UTC] No.45769141[source]▶
> then hold Bitcoin and open a derivative short essentially creating a synthetic USD

Huh that's a pretty interesting idea. I guess the downside is you need enough margin to cover the short.

replies(1): >>45770320 #
2. csomar ◴[31 Oct 25 10:16 UTC] No.45770320[source]▶
Theoretically, you are fully covered but full margin will require all your holdings to be on the exchange. So maybe do something like 20-25% margin and constantly follow the market to re-balance. It is not a carefree approach.