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I've never seen this in either the UK or Finland when using Wise. Direct Debit is a legit thing that's more common in the UK - but that takes several days to cl

I've never seen this in either the UK or Finland when using Wise. Direct Debit is a legit thing that's more common in the UK - but that takes several days to clear and the protection is quite strong, Wise would have lost a lot of money to fraud if they offered it as an option... They use Trustly in the Nordics to do something similar to what you mention, which does seem to use propper bank APIs - as I have to authenticate it on the bank app or website separately.

alibarber 5y ago
I just transferred some cash from UK -> Europe and whatd'ya konw? There is indeed a hook to the bank, but I am pretty convinced that it is just the legit, real, EU (& UK) wide open banking that Wise have implemented for most of the popular UK banks, mainly because I was on the First Direct (my bank) site the entire time once I clicked through, and I still had to authenticate properly with the app for anything to actually happen.