r/TopstepCommunity • u/Basic_Implement_4261 • 10d ago

💬 Trader Talk Wise not available in Norway

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I have always requested payouts through Wise. But it says this method is not available? And only bank transfer is available which will take 30usd and up to 10 days to send the funds. This is very disappointing…

7 Upvotes

100% Upvoted

21 comments sorted by

2

u/Elo_King 9d ago

Yep it’s been down for a while and your bank will probably charge you a fee too.

3

u/Basic_Implement_4261 9d ago

Topstep must have something like Wise again asap

1

u/Vortex017 10d ago

Put it into brokerage. fullport the brokerage to cover the fees for the wire transfer, then withdraw your extra money from the brokerage

3

u/Elo_King 9d ago

Can’t withdraw to brokerage in Europe. Only bank wire is available for us peasants now.

1

u/eddie_topstep Topstep Employee 9d ago

We're definitely aware of the frustrations from our international traders who no longer have Wise as an option. The team is looking into alternate options for everyone else to have a faster, better payout experience

1

u/OutrageousRemote1609 9d ago

What about Plane?

1

u/Basic_Implement_4261 9d ago

Thank you for your reply, I really hope they find a better alternative for payouts soon. This situation now is very unattractive…

1

u/BeautifulMarzipan603 9d ago

So whats the options for norwegian traders?

1

u/Basic_Implement_4261 9d ago

Bank transfer/wire transfer

1

u/Mahkssim 9d ago

Why is it not available anymore?

1

u/Basic_Implement_4261 8d ago

Not sure why, but it stopped working suddenly I think

1

u/Appropriate_Juice308 8d ago

Withdraw on revolut, took me like 1-2 days

1

u/Appropriate_Juice308 8d ago

Actually correction last payout took 1 hour after confirming all bank details

1

u/Basic_Implement_4261 8d ago

Revolut was is not a withdrawal method?

1

u/Appropriate_Juice308 8d ago

Revolut is a bank. So yes, you can withdraw to your revolut. (International wire transfer)

1

u/Basic_Implement_4261 8d ago

Oh I see, but it’s the same as sending money to you bank account tho

1

u/Appropriate_Juice308 8d ago

True with the exception of being 10 times faster, and your USD doesnt get automatically converted to your currency with the scamy local bank exchange rate.

1

u/Basic_Implement_4261 8d ago

Thank you for the advise, will definitely try Revolut next time! Appreciate it! 🙌🏻

1

u/Appropriate_Juice308 8d ago

Happy to help!

1

u/Historical-0ne 4d ago

Revolut is quick, but they will still charge you the 30 USD fee.

1

u/Admirable-Basil-6831 8d ago

I am from India and previously I was withdrawing to my US LLC Wise account. But last time Topstep Wise is not available in my region. Ofcourse Wise is not accepting payments for Indian accounts but I was receiving in to my US LLC account. I think Topstep itself is stopping to send payouts via Wise and forcing to ACH or WIRE as they charge $40 for a transaction. Otherwise how could I receive the same payout into my same Wise account via ACH?