How to Withdraw Funds Before Selling Your Wise Account

1. How to Withdraw Funds Before Selling Your Wise Account Selling or transferring your Wise (formerly TransferWise) account can be a complex process, especially when you still have funds remaining in your account. Before initiating any account sale or closure, it is crucial to withdraw all your money safely and efficiently. This ensures that your funds remain secure and that you comply with Wise’s strict financial regulations. In this comprehensive guide, we’ll cover everything you need to know about withdrawing funds before selling your Wise account, including the best practices, withdrawal options, fees, timelines, and legal considerations. Contact us now for more information 24/7 At Any Time ✅Email: rankusasmm@gmail.com✅whatsapp:+1 (339) 242-3980 ✅Telegram: @rankusasmm Visit ;https://rankusasmm.com/product/buy-verified-wise-accounts/ Understanding Wise Accounts and Fund Ownership Wise is a regulated financial institution that provides users with a multi-currency account, allowing them to hold, receive, and send money globally. Every Wise account is linked to an individual or business identity. Because of this, selling or transferring ownership of a Wise account is generally prohibited under Wise’s Terms of Service. Before proceeding, you must understand that funds within a Wise account belong solely to the verified account holder. Therefore, before any transfer or sale, you should withdraw your funds completely, as ownership transfer of the account itself is not permitted. However, if you are closing your Wise account or transferring your business operations, withdrawing your funds beforehand is an essential step.

2. Why You Must Withdraw Funds Before Selling or Closing Your Wise Account Withdrawing your money before attempting to sell or close your Wise account is essential for the following reasons: 1. Legal Compliance – Wise enforces KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations. Transferring ownership with funds still inside may flag your account for suspicious activity. 2. Security of Your Money – Funds left in an account that changes hands may be frozen or lost if ownership verification fails. 3. Avoiding Account Restrictions – Wise may restrict, suspend, or permanently close accounts that attempt unauthorized transfers. 4. Ensuring Full Control – Withdrawing funds ensures that you retain full control over your money before any changes are made. In summary, the safest and most compliant method is to withdraw all balances before attempting to sell or close your Wise account.

3. Step-by-Step Guide: How to Withdraw Funds from Your Wise Account Follow these steps to withdraw your funds from Wise quickly and securely before initiating any sale or account closure. 1. Log Into Your Wise Account Start by logging into your Wise account via the official website or mobile app. Never use third-party platforms or shared links to access your account to prevent phishing risks. 2. Check Your Account Balances Navigate to the “Balances” section to see all the currencies you currently hold. Wise allows you to manage multiple currencies, such as USD, EUR, GBP, AUD, and more. Each currency must be withdrawn separately. 3. Choose a Withdrawal Method Wise offers several withdrawal options, depending on the currency and your location: ● Bank Transfer: The most common method. Withdraw directly to your local or international bank account. ● Debit Card Transfer: Withdraw money to a linked debit card (where supported). ● Partner Transfers: In some countries, Wise supports payout through third-party partners. ● Currency Conversion: If you hold multiple currencies, you may need to convert them to your local currency before withdrawal. 4. Verify Your Bank Details Before confirming the transfer, ensure that your bank details are correct. Mistakes in bank account numbers, IBANs, or routing numbers can delay or cancel your withdrawal. 5. Confirm and Complete the Withdrawal After reviewing your details, click “Withdraw” or “Send Money”. You’ll receive a confirmation email and, in some cases, a two-step verification code to authorize the withdrawal.

4. 6. Wait for Processing The processing time depends on your chosen method and destination country: ● Local transfers: 1–2 business days ● International transfers: 3–5 business days ● Instant transfers (some cards): Within minutes Wise is known for transparent transfer tracking, allowing you to monitor your withdrawal in real time. Withdrawing Multi-Currency Balances from Wise If you hold balances in multiple currencies, you have two options: 1. Withdraw Each Currency Separately: Send each currency to a corresponding account (e.g., USD to a US account, GBP to a UK account). 2. Convert to One Currency Before Withdrawal: Convert all currencies to your preferred local currency within Wise, then make a single withdrawal. Tip: Wise offers competitive mid-market exchange rates with minimal conversion fees, making currency conversion before withdrawal a cost-effective choice. How to Handle Pending Payments and Transfers Before selling or closing your Wise account, ensure all pending payments and incoming transfers are settled. Wise does not allow redirection of funds once the account is deactivated. Check your transaction history and cancel or complete any ongoing transfers before initiating the withdrawal process. If someone is due to send you money, provide them with an alternative account (not your Wise account) to avoid complications. Wise Withdrawal Fees and Limits Wise is known for transparent and low-cost withdrawals, but fees and limits vary by currency and country. Here are some general guidelines:

5. ● Domestic transfers: Usually free or very low-cost. ● International transfers: Small percentage fee based on amount and currency. ● Card withdrawals: Fees apply depending on the card type and location. ● Minimum/Maximum limits: Wise enforces minimum and maximum transfer amounts that vary per currency. You can view exact fees in the Wise pricing section of your account before confirming any withdrawal. What to Do After Withdrawing All Funds Once your funds have been fully withdrawn and verified as received in your external account, you can proceed with either of the following actions: 1. Close Your Wise Account If you no longer wish to use Wise, navigate to your account settings and select “Close Account.” This permanently deletes your account after confirmation. 2. Prepare for Business Transition If you’re transferring your business to another entity, Wise does not allow account ownership transfers. The new owner must open a new Wise Business account under their name and legal documentation. Attempting to sell or transfer an existing account may result in immediate suspension and potential legal implications under financial compliance laws.

6. Important Legal and Security Considerations ● Do Not Sell Your Wise Account: Selling Wise accounts is a violation of Wise’s Terms of Service. ● Withdraw All Balances First: Always ensure all funds are cleared and withdrawn before taking any ownership-related action. ● Avoid Third-Party Buyers: Sharing access or credentials with buyers can expose you to fraud and financial loss. ● Keep Records: Retain withdrawal confirmations and bank receipts for audit or verification purposes. Your financial safety and compliance with Wise’s terms should always come first. Contact us now for more information 24/7 At Any Time ✅Email: rankusasmm@gmail.com✅whatsapp:+1 (339) 242-3980 ✅Telegram: @rankusasmm

7. Visit ;https://rankusasmm.com/product/buy-verified-wise-accounts/ Final Thoughts Withdrawing funds before selling or closing your Wise account is a crucial step that ensures your money remains secure, accessible, and compliant with financial regulations. Always use official Wise channels to process withdrawals, double-check your details, and avoid third-party intermediaries. Remember, while Wise makes global money management easy, ownership and compliance rules must be respected to protect your financial assets.