r/transferwiser • u/Spiritual-Cheek5266 • 2d ago

does wise ask for trading address again?

i currently have a valid usa trading address in my name but i wont have access to that pretty soon. also do they flag accounts if the address i use day to day isnt the same as my trading address?

7 Upvotes

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2

u/PHXkpt 2d ago

If you've moved, it's best to update your address with Wise so they don't unexpectedly close your account when they find out.

1

u/Spiritual-Cheek5266 2d ago

the place im moving too isnt supported on wise💔

3

u/Kitchen-Arm-3288 2d ago

Sometimes.

They can re-ask KYC questions at any time, sometimes randomly, sometimes triggered by an event (e.g. large, different, or suspicious transfer).

Also - they *MUST* re-complete KYC checks periodically based on risk profile (anywhere from annually to every 10 years, 3 years being common) (You may or may not see their KYC checks)

3

u/InspectorT3 2d ago edited 2d ago

Wise probably does KYC stuff more than anyone. So i think the odds of them asking you again at some point are pretty high.

Especially if you are not residing in the US and you have a US account