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Just wondering if this would be an optimal arrangement to receive payments from a US client (i'm a sole trader in UK)
I have a personal account with Monzo and have setup a US account inside my personal account in Wise to receive USD Payments
Essentially I would be receiving in the Wise US account, transferring to the Wise UK account and then transferring into Monzo account.
Does anyone foresee any practical issues here? I appreciate there's a 4.14$ charge for wire transfers in Wise but I'm comfortable with that. Also do you think most clients would be happy paying using the Wise US account details?
I appreciate my question might seem rather straight forward, but just trying to sense check myself also.
Thanks for your help.
Just wondering if this would be an optimal arrangement to receive payments from a US client (i'm a sole trader in UK)
I have a personal account with Monzo and have setup a US account inside my personal account in Wise to receive USD Payments
Essentially I would be receiving in the Wise US account, transferring to the Wise UK account and then transferring into Monzo account.
Does anyone foresee any practical issues here? I appreciate there's a 4.14$ charge for wire transfers in Wise but I'm comfortable with that. Also do you think most clients would be happy paying using the Wise US account details?
I appreciate my question might seem rather straight forward, but just trying to sense check myself also.
Thanks for your help.
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