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Doc67 wrote: ↑Tue Feb 22, 2022 3:21 pm Has anyone used TransferWise to send money to an ABA account recently?

I had a US$ SWIFT transfer returned by ABA last week on the grounds that the senders name and the senders bank name were the same. It's line 50K and 52D of the SWIFT MT103 form for those who understand these things. The last successful transfer was in December and the MT103 is identical to the one that just bounced. When I showed them that nugget of information they then came up with, "it's a new policy" answer.

This last 5 successful transfers all showed TransferWise as the sender on my statement. I only checked the MT103 for the December payment but I suspect all the previous 5 transactions will be identical.

TransferWise used to send it to me with my name as the payer, not theirs, and it would show like that on the statement. This all changed last year around June when TransferWise started appearing on the statement as the sender. There is no explanation as to why ABA have suddenly got pissy about it, beyond the policy change excuse.

I am trying to get the MT103 from the last time when I was quoted as the sender and see what that was set out like. Maybe that will provide an acceptable template for the future.

Any suggestions or similar experiences with this pair of bankers?

Bongmab69 wrote: ↑Tue Feb 22, 2022 3:51 pm I am using WISE only from last year, and received this mail in my soam-box last week, any-one had similar things ?? It seems to be strange they ask after using it for many motnhs, and i am always sceptic to click on links in my spam-box !! ??:


We need you to verify your account before 1 March.

Because of the way we’re regulated in the EU, we’re required by law to confirm your identity and the main purpose of your account.

Here’s what you need to do:

Click the button below.
Provide the information we need — that could be a copy of your ID document, the main reason you use your account, or both.
That’s it — as soon as we verify your information you’re all set.

ego bibere nimis wrote: ↑Tue Feb 22, 2022 3:31 pm

Doc67 wrote: ↑Tue Feb 22, 2022 3:21 pm Has anyone used TransferWise to send money to an ABA account recently?

I had a US$ SWIFT transfer returned by ABA last week on the grounds that the senders name and the senders bank name were the same. It's line 50K and 52D of the SWIFT MT103 form for those who understand these things. The last successful transfer was in December and the MT103 is identical to the one that just bounced. When I showed them that nugget of information they then came up with, "it's a new policy" answer.

This last 5 successful transfers all showed TransferWise as the sender on my statement. I only checked the MT103 for the December payment but I suspect all the previous 5 transactions will be identical.

TransferWise used to send it to me with my name as the payer, not theirs, and it would show like that on the statement. This all changed last year around June when TransferWise started appearing on the statement as the sender. There is no explanation as to why ABA have suddenly got pissy about it, beyond the policy change excuse.

I am trying to get the MT103 from the last time when I was quoted as the sender and see what that was set out like. Maybe that will provide an acceptable template for the future.

Any suggestions or similar experiences with this pair of bankers?

I use this also, every few weeks (TW to ABA) and it has worked like a charm. I just had a look at my last inbound wire, which was received by ABA on Feb 2nd. If I look at the downloadable PDF within the ABA app, the 'sender line' is actually just a 8 digit number. 'bank' is Transferwise Inc (NY). The only reference to my name is in the 'to account' line.

Are you saying that your name is showing up in the 'bank' line?

Doc67 wrote: ↑Tue Feb 22, 2022 3:21 pm Has anyone used TransferWise to send money to an ABA account recently?

I had a US$ SWIFT transfer returned by ABA last week on the grounds that the senders name and the senders bank name were the same. It's line 50K and 52D of the SWIFT MT103 form for those who understand these things. The last successful transfer was in December and the MT103 is identical to the one that just bounced. When I showed them that nugget of information they then came up with, "it's a new policy" answer.

This last 5 successful transfers all showed TransferWise as the sender on my statement. I only checked the MT103 for the December payment but I suspect all the previous 5 transactions will be identical.

TransferWise used to send it to me with my name as the payer, not theirs, and it would show like that on the statement. This all changed last year around June when TransferWise started appearing on the statement as the sender. There is no explanation as to why ABA have suddenly got pissy about it, beyond the policy change excuse.

I am trying to get the MT103 from the last time when I was quoted as the sender and see what that was set out like. Maybe that will provide an acceptable template for the future.

Any suggestions or similar experiences with this pair of bankers?

Khmer_Risotto wrote: ↑Tue Feb 22, 2022 4:43 pm

Khmer_Risotto wrote: ↑Tue Feb 22, 2022 7:55 pm I suspect that ABA is being extra careful in terms of anti money laundering. They need to know the source of funds and “Transferwise” is not specific enough for their compliance department.