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Transferring money from home country to buy a house - best way to do it? (alien.top)

submitted 11 months ago by DesignerBaker5304@alien.top to c/digitalnomad@expats.zone

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Hey nomads,

So i've bit the bullet and decided to settle down in the country i've been working in. I'm looking to buy a home and need to move my money from the UK. I've been currently using Wise for the last 4-5 years and have not had any problems but i've only transferred like 10k gbp max but i've read the horror stories of wise blocking accounts and having money stuck for months. Any suggestions? Thanks in advance.

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[–] cikuliss@alien.top 1 points 11 months ago (1 children)

i usually do 15-20k transfers every month and they never even asked for any proof of income or anything. i've been using this wise account for about 4-5 years now.

[–] BarrySix@alien.top 1 points 11 months ago

There appears to be a strong random element to these checks. I get asked for paperwork on utterly random transfers.

It seems more likely on anything over 10k.

It's definitely got worse in the last few years.

Some of the questions they ask are total nonsense. Sometimes it feels like they are trying to provoke a response so they can claim you didn't cooperate and they can keep the money.