How Do You Safely Transfer a Verified Wise Account to a New Owner_

1. How Do You Safely Transfer a Verified Wise Account to a New Owner? In the world of global payments and digital banking, Wise (formerly TransferWise) has become one of the most trusted platforms for sending and receiving money across borders. With its transparent fees, real exchange rates, and user-friendly interface, Wise is a preferred choice for individuals and businesses alike. However, as ownership of companies or personal circumstances change, a crucial question often arises: Can you safely transfer a verified Wise account to a new owner? The answer requires careful attention to compliance, legal considerations, and Wise’s strict verification standards. In this comprehensive guide, we’ll explain how to properly handle the transfer of a Wise account, what’s allowed and prohibited, and how to ensure a smooth, secure process for businesses and individuals alike. 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/

3. Understanding Wise’s Verification and Ownership Policy Every Wise account is verified under a single legal identity — either an individual or a registered business. Wise operates under strict KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations, meaning every account is tied directly to the verified documents of its owner. For personal users, this includes: ● Government-issued ID (passport or national ID) ● Proof of address ● Linked bank accounts in the same name For business accounts, Wise verifies: ● The legal entity’s registration details ● Directors, shareholders, and ultimate beneficial owners (UBOs) ● Business address and operational purpose Because of these compliance requirements, Wise accounts cannot legally be transferred or “handed over” from one person to another. Attempting to do so may trigger fraud detection systems, resulting in account suspension or closure. Why You Cannot Directly Transfer a Wise Account Wise’s terms of service clearly state that an account is personal and non-transferable. This means that even if you want to give your account to a trusted partner, employee, or buyer of your company, you cannot simply change the name or email and pass it along. There are several key reasons behind this restriction: 1. Regulatory Compliance: Wise is licensed as a financial institution in multiple countries. Allowing account

4. transfers without new verification would violate financial regulations. 2. Identity and Fraud Prevention: Since Wise verifies each account holder’s identity, a mismatch between the owner’s verified data and the person operating the account would raise red flags. 3. Data Security: Financial accounts contain sensitive personal data. Transferring access could compromise both the account’s security and the integrity of Wise’s systems. 4. Accountability: The original owner remains legally responsible for any transactions until the account is closed or verified under a new entity. Safe Alternatives for Personal Account Transfers If you have a personal Wise account and want someone else to manage or take over your financial operations, you have only one secure route — the new owner must create their own Wise account. Here’s the step-by-step process: 1. Withdraw or Transfer Funds: Move all funds from your Wise balance to your own bank account or directly transfer them to the new person via Wise. 2. Close Your Account: Once the funds are cleared, go to Account Settings → Close Account in your Wise dashboard. 3. New Owner Creates Their Account: The new person should open a fresh Wise account with their own identity verification, email, and linked bank accounts. 4. Transfer Access Securely: If you need to share transaction records or business data, export statements and share them via secure methods, never by sharing login credentials. This ensures both parties comply with Wise’s terms and protects against fraud or future disputes.

5. Transferring a Wise Business Account to a New Owner For business accounts, Wise allows more flexibility — but only under strict documentation and verification conditions. If you are selling your company or transferring ownership, follow these official steps: 1. Contact Wise Business Support Before making any structural changes, reach out to Wise Support through the in-app chat or via their Help Center. Clearly state that you need to update ownership details due to a change in business control. 2. Provide Legal Proof of Ownership Change Wise will require official documentation showing that the business has changed hands. This may include: ● Updated Certificate of Incorporation ● Shareholder agreements or transfer deeds ● Board resolutions approving the ownership change ● Updated Director and Shareholder lists from your local company registry 3. Submit New Owner Verification The new owner or directors must undergo Wise’s verification process. This involves submitting their identification, proof of address, and confirming their connection to the company. 4. Wait for Compliance Review Wise’s compliance team will review the documents. If approved, they will either update the existing account or instruct the new owner to open a new Wise Business account under their control. When a New Business Account Is Required

6. In many cases, Wise may require the new owner to open a completely new business account, especially if: ● The company name or registration number changes ● The new owner operates from a different country ● The business model or activity significantly changes After setting up the new account, you can transfer funds from the old one, close the previous account, and continue using Wise seamlessly. Risks of Unofficial Account Transfers Attempting to bypass Wise’s official process can have serious consequences. Some people try to sell or “hand over” verified Wise accounts, but this is a direct violation of Wise’s policies. Possible risks include: ● Permanent account suspension ● Loss of funds held in the account ● Investigation for fraudulent activity ● Bans from Wise and other financial platforms Wise uses advanced fraud detection technology to identify suspicious logins, location changes, or mismatched user data. Therefore, sharing login credentials or verification documents is extremely unsafe and illegal.

7. Best Practices for a Secure Account Transition To ensure full compliance and protection of your financial data, follow these best practices: 1. Never share your login credentials or 2FA access. 2. Document all financial transfers when closing or transferring funds. 3. Notify Wise early if your business ownership or management is changing.

8. 4. Keep all verification documents updated to prevent interruptions in service. 5. Avoid using third-party agents or brokers claiming they can transfer or “sell” Wise accounts. 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/ Conclusion: The Right Way to Handle Wise Account Ownership A Wise account cannot be directly transferred to a new individual or entity — this rule protects both users and the platform from regulatory and security risks. For personal accounts, the new owner must create a new Wise profile and receive funds legally. For business accounts, Wise allows official ownership updates through verified documentation and compliance review. Following the official process ensures your account remains compliant, secure, and trusted within Wise’s global financial ecosystem.