/Tech1h ago

Levelsio Switches From Wise To Stripe Over Delayed Transfers

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Original post

I'm pretty excited to move off of Wise Business permanently after realizing I can't just transfer my money out when I need to

They keep my money hostage for 10-14 days at least for a big transfer, like they literally won't transfer my money

I remember when dinosaur banks did this? Like they'd purposely delay transfers or not transfer at all in the weekend to then make money on the interest of it

But now fintechs like Wise have started doing it too?

Obviously you don't want to use fintechs to store lots of money, but sometimes you receive money and you wanna transfer it elsewhere (like your broker) but Wise just delays that entire process by 2 weeks, which is quite mad!

Excited to move to @Stripe Business banking ASAP!

5:28 AM · Jun 12, 2026 · 112.4K Views

Sentiment

Many users dismissed Wise as the worst option over its 10-14 day transfer delays that let the company profit from holding funds longer along with its burdensome KYC rules.

Pos

0.0%

Neg

100.0%

12 comments with sentiment.

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@levelsio@levelsio

Okay I guess it's not about interest, more probably it's about this and they have to be extra careful now

I'd just appreciate a reason in the interface

https://www.bbc.com/news/articles/cy42x8ye02vo

@levelsio@levelsio

I'm pretty excited to move off of Wise Business permanently after realizing I can't just transfer my money out when I need to

They keep my money hostage for 10-14 days at least for a big transfer, like they literally won't transfer my money

I remember when dinosaur banks did this? Like they'd purposely delay transfers or not transfer at all in the weekend to then make money on the interest of it

But now fintechs like Wise have started doing it too?

Excited to move to @Stripe Business banking ASAP!

1h14K779

RETWEETS1

KAST@KASTxyz

@levelsio This is why we created @KASTbusiness

http://KAST.xyz/business

42m33882

Jose Storopoli@storopoli

@levelsio They are in a public preview you can sign up with your stripe business account here: https://docs.stripe.com/treasury#request-access

1h52622

Matthias Schmidt@eurofounder

@levelsio Anyone transferring such amounts in the EU should be taken into 48h custody. And unless you have a very good explanation how did you acquire such an amount - you go to jail

1h4886

Paul Bertrand@pbertrand_dev

@levelsio Its mostly related to KYC / Security checks I think. Which is still a very poor process, even after its been around for soo many years.

They do manual review for some larger transfers.

Not related to interest.

1h1.3K7

Jack De Long@JackDLng

I thought this was illegal. The longer the money is in their bank account, the longer they are profiting from it, which is why they are delaying it. Lot's of companies and funds try to do this, but I'm pretty sure in the US it is illegal. (Could be wrong, and not sure if this transaction is in US)

1h1.7K4

baouws@baouws

@levelsio

1h3175

Arvid Kahl@arvidkahl

@levelsio Wise used to be much more agile, back in the TransferWise days (haha, transfer is right in the name!). I wonder if they were just suffocated by regulation at some point.

1h672

degenmate@degenmate

@levelsio Blockchain solves this

1h7052

BOSS@thebeautyofsaas

@levelsio as one of the rare ones who is bullish on Stripe doesn't it worry that they might do the same aka random holdups, verifications etc? pretty sure that boomer banks win massively over modern neo equivalent when it comes to less problems overall (not talking about mobile apps etc)

1h5452

Victor Trac@victortrac

@levelsio I gave up on wise for business because their KYC process is stupid. My entities are Texas LLCs with proper registered agents etc. Mercury is able to handle KYC for them just fine but wise wants an a utility statement, license, etc which don't exist for the LLCs.

42m1.3K1

Damien C. Tanner@dctanner

@levelsio Over time I’ve learned the value of a private bank is they don’t ever cause hassle with transfers etc.

1h1.3K1

Tom Härter@tomhaerter

@levelsio Can I as a European business just get access to Stripe banking? How does that work

1h1.2K1

Anders Marksen@andersmarksen

@levelsio 10-14 days is worse than some savings accounts!

1h1K1

Jose Storopoli@storopoli

@levelsio @grok is Stripe Business accounts ready?

1h27

Jake Verbaten@Raynos

@levelsio It’s the worst bank. I have a really good experience with Mercury bank so far. With relay and wise business as backups

1h5551

Fraser@iamfra5er

@levelsio Interested in seeing how stripe is for banking

The other day a customer asked for a refund, I refund, next day they initiate a dispute, stripe credits the refund back to the account and now I’m getting hit with a dispute

StRipE iS tHe BeSt 🫩

1h4171

esyx@esyx0

@levelsio preparing money for SpaceX ipo? 😄

55m4071

Hoye Lam@hoyelam

@levelsio Think it can happen with many banks as big sum of money transfers can flagged as to be required to be manually reviewed. It’s dumb.

1h1.2K

Tim@TimurNegru

@levelsio I'm moving from Wise myself, too but to Revolut instead. Curious to know why you decided to go with Stripe?

38m2831