Wise launches Linked Bank Account feature for faster, more convenient international transactions

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Wise, the global technology company building the best way to move money around the world, is making it even easier for Singapore customers to fund their Wise account and transactions with its newest Linked Bank Account feature. 

Wise customers in Singapore (or with a bank account in Singapore) will be able to complete transfers and payments seamlessly without leaving the app, as the new feature pulls sums from the user’s linked local bank account. Powered by eGIRO, users simply need to link their bank account once and approve the arrangement. Plus, once you link your bank account to Wise you can instantly complete international transfers (depending on where the money is going) and top up your multi-currency account balances.

Importantly, users have total control over this feature and Wise will never draw funds from a customer’s bank account without their instruction. For added security, customers can set their own transfer limits and for every transaction sent to a new recipient, Wise will ask for two-factor authentication via a text or push notification.

Wise users have been able to fund their transactions with PayNow, card or bank transfers, and today’s latest feature further enhances convenience for customers as they won’t have to fuss with reference numbers or incur additional costs from card payments.

Currently, users can link their Wise account to DBS/POSB, OCBC and UOB accounts, with plans to support more banks in the future. 

For more information about the Linked Bank Account feature, check out our blog post here

About Wise

Wise is a global technology company, building the best way to move and manage the world’s money.

With Wise Account and Wise Business, people and businesses can hold over 40 currencies, move money between countries and spend money abroad. Large companies and banks use Wise technology too; an entirely new network for the world’s money. Co-founded by Kristo Käärmann and Taavet Hinrikus, Wise launched in 2011 under its original name TransferWise. It is one of the world’s fastest growing, profitable tech companies and is listed on the London Stock Exchange under the ticker, WISE.

10 million people and businesses use Wise. In fiscal year 2023, Wise processed approximately £105 billion in cross-border transactions, saving customers around £1.5 billion.

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