Wise Locked My Personal and Business Accounts—Funds Inaccessible and No Clear Answers

492

I've been a customer of Wise for about 5 years, and until now, I hadn't had any complaints. But tonight, I experienced a major issue that feels like a slap in the face. I have both personal and business accounts on Wise. I received a notification asking me to update my business address, or else I wouldn't be able to use my business account. I updated my legal business address, and about 5 minutes later, the app displayed a message saying, "Your account has been restricted."

The problem isn't with my business account since I hadn't even started using it yet, but my personal account has a significant amount of funds, and I couldn't access it either. This nightmare started at midnight, and it's now 4:00 AM with no resolution. Since I couldn't access my account, I submitted an appeal through the 'appeal' option on the screen, and 10 minutes later, I was informed that my account would be closed. They asked for my bank details to refund the balance from my business account. I provided the requested information, and 5 minutes later, I received another email saying they tried to transfer the funds but failed, asking me to provide a different account.

At this point, I started thinking that Wise is simply stalling and wasting my time. I repeatedly asked via email why no action was taken regarding my personal account, which is my primary concern, but I received no response. It seems like Wise might be going under and holding onto their customers' funds. I urgently need access to my personal account or, at the very least, a clear explanation of what's happening. Wise, please resolve this matter immediately and return my funds.

Comments

Good evening, have you found a solution to this problem? Because I’m experiencing exactly the same issue as you.

Similar Complaints

Wise Account Frozen Too Long - Business Funds Blocked Without Any Update

155

My Wise account has been frozen for an unreasonably long time. Two weeks ago, Wise informed me that the delay was caused...

My Funds Are Stuck in Wise for 5 Months with No Response

275

I have funds stuck in my Wise account, and for the past five months, I’ve received no response from their team. Despite ...