TSC Contribution (2019)
Submitted by Toru Nagashima on May 17, 2020
Transferwise told me:
> To send USD outside the US, we need to use the SWIFT network. It’s more expensive and slower, so it costs $3.2 extra and the transfer might take a day or two longer. Also note that intermediary banks and your recipient’s bank might charge extra fees.
And the input form contains only name, swift code, and account number.
Therefore, I registered my bank's swift code and account number to Transferwise. That's the same value I wrote in this invoice.
Alina - do you usually use a SWIFT code for foreign transactions? Any idea if it’s an issue just for Japan?
I will raise it with the team as well and will keep you posted on updates from our end.
Toru please keep us posted on what you hear back. I am so sorry this becomes a bit of a hustle
We've encountered a problem in Brazil where we can only send funds via transferwise if the account is individual not business. I am not saying this is the case, just mentioning it in case you can talk to transferwise.
We'll ask on our end, but yes - Transferwise support my help.
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