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.
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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