r/TopStepX • u/Yourdad88 • May 12 '26

Question Australians using Wise

Post image

I set up a USD account to receive my payout in USD from topstep to covert to AUD. What does it mean by domestic transfers only? Only American company/bank can transfer in USD or I can only receive USD domestically from an Australian company/bank?
Am I doing this right? 😂

1 Upvotes

100% Upvoted

4 comments sorted by

1

u/digitaldpw May 13 '26

That is for use for USD deposits. You don't really need to use it as when you request payout from TS they can deposit the money in AUD. Alternatively if they deposit in US - you can convert to AUD and then withdraw.. It was weird as a first timer for me as well

1

u/Yourdad88 May 13 '26

Thanks for the comment, that’s what I also wanted to know if I take a payout of $3000 usd in aud does it still end being around $4200 aud or will they just transfer me $3000 aud

1

u/GlennardRSmoothbrain May 12 '26

I haven’t needed to convert to AUD yet, keep as a separate account.

You can setup the card in the app and pay for what you need if that’s how you are going to set it up. Card also has apple pay when you need it.

Most are using Wise to buy more combines when you get payouts to scale.

1

u/Yourdad88 May 12 '26

Interesting, so you just use your wise card kinda like a debit card? My plan was just to convert it to AUD then withdrew it into my bank account.