Newbie here, just opened Wise last week and seek for some advice:

1. I would like to transfer USD from my Fidelity Account to Wise. Is this possible ?
I have created the USD balance sheet in Wise.
Anyone tried this before?

2. Any amount transfer limitation in USD from Fidelity Account to Wise?
If let say 10K USD? I saw this thread we cannot hold RM20,000 in Wise more that 7 days.
.
3. Any amount limitation if let say I would like to transfer and convert the USD amount to MYR from Step (2) to local bank (MAYBANK/CIMB ETC?)
will local bank call for you to verify the source of your $$ ?

Thank You

I tried to read the FAQ from Wise and it stated they will immediate transfer any amount over 20,000 MYR to you if you set up your external account.

Account will be freeze only if you did not withdraw the excess money in 7 days of time frame.

So transferring 10k USD to Wise is not possbile at all? if i set up the external account or directly convert to MYR and transfer the money to local bank upon received 10K usd in wise ??





From Wise:
We know that from time to time, you may receive funds into your account taking your balance over 20,000 MYR:

If you've already set up your external account, we will immediately transfer any amount over 20,000 MYR to you.

If you've not set up your external account yet, you’ll have 7 days to withdraw the excess money. If you don’t withdraw it within 7 days, we’ll freeze your account so that we remain compliant.