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One in the US is that you cannot use a borderless account for ACH transactions initiated by the counterparty (despite it presenting the details that make it loo
by jen20 6y ago
One in the US is that you cannot use a borderless account for ACH transactions initiated by the counterparty (despite it presenting the details that make it look like you can).
- Gaelan 6y agoThat means no paychecks, right?
- f430 6y agohave you looked at Currency Cloud?
- dkjaudyeqooe 6y agoIf you're saying that people can't transfer money into your account via ACH, then that's not true. Being paid by a client is a specific use they describe.
- jen20 6y agoThe opposite is what I am describing. I.e I cannot (read: could not last time I tried it, about 2 years ago) pay rent using TransferWise, upon entering the routing code and account number.
- rahimnathwani 6y agoI'm curious to know how you verified this. The help text in the app is explicit that "There's no fee to receive ACH payments, or any other kind of payment that uses your ACH routing number." I remember the app used to show two sets of US bank details, and that the routing number for receiving wire transfers was different from the one used for receiving ACH transfers. But that seems no longer to be the case.
- TheSmiddy 6y agoYes they were consolidated recently, less than 6 months ago.
- Caligatio 6y agoI regularly push money into my TransferWise USD account from another USD account and they supposedly added direct debit support about a year ago.
- refurb 6y agoAre you sure? I’ve done ACH transfers from my own bank account into TW. I know if the ownership details don’t match up exactly there are extra steps, but it was pretty painless for me.