Has anyone received any rewards from Wise? It is now over a year and they have not yet sent anything or communicated.
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Nope…they went very quiet on this very quickly last year. Was going to give it a couple of months because I think the scheme closed around late August / early September last year?
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I think that news has sunk in and the shares have jumped 30% in the last 7 days.
Yes, I am responding to your comment 3 days ago, not the original message. I suspect long term will be the only way forward with WISE but still nice to see some movement.
More good news for users of WISE.
Unfortunately I opened a Starling account 2 months ago to avoid the new fees on a Euros account that were introduced on 18.06.22 and I have absolutely no reason to move it back to WISE, I wonder how many other users have done the same.
The timing seems very poor to me. Whilst no one can predict the future I’m sure that WISE are annoyed at themselves for introducing fees on smaller EURO holdings for only 6 weeks effectively…the damage will have been done to existing users I’m sure.
Yeah sorry I was slightly unclear, they changed the threshold of how many Euros you could hold in your account before you paid a fee.
Before June you were able to hold substantially more (can’t remember the actual number but was 5 figure) interest free as a personal customer and it dropped to €3000 which triggered the move for me.
The fee also went up to 0.9% p.a. which I remember at the time feeling extortionate. So to effectively do a U-turn on that in a matter of weeks is obviously great for customers but equally frustrating for those that changed providers because of it.
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Are the monthly charges of 0.15% on funds deposited in WISE, going to be curtailed?
Yes it appears that fees for holding different currencies have been removed if that’s what you’re referring to?
The share price on this has doubled since late June which is good if you hold them like me, I wondered if there had been a piece of good news I had missed to explain the rise?
No, but if i were to take a wild shot in the dark as to why it’s doubled it would be that insiders know the revenue run rate and profitability are outperforming market expectations.Just a guess.
Just for information (as I missed it) it would appear that the OwnWise share allocations have landed. If you’re applicable they have been credited to your GIA even if the Wise shares were bought in your ISA, regulations for this type of issue I have been told by Freetrade.
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I can confirm that I have also received mine today!
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How are these appearing in the activity feed? I seem to have more shares but as far as I can tell nothing is showing up there.
Do you have an ISA and GIA account? They go into GIA. Confused me for a minute as well.
They went into my GIA (I don’t currently have an ISA) but I can’t see any record of that on the Recent Activity feed. The last thing I can see there is a buy from may. I was expecting there would be some kind of record of the new shares there?
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Yes, they only show in the conversations section. Something to do with them being a reward allocation not a regular type.
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Payments giant Wise is still seeing rapid revenue growth more than a year on from its IPO but wants to turbo-charge this further via a new pot of external debt funding from six banks.
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