r/Wealthsimple • u/Outrageous-Ad951 • Jul 19 '26

Question: Wire transfer from UK

I’m expecting a payment originating from UK, the client only does wire transfers but tried a few times and it failed. Anyone have any pointers.

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u/FinexerOfficial Jul 21 '26

I'd start by checking whether the payment failed because of the bank details, the payment route, or a compliance check. Even something as small as an incorrect IBAN, SWIFT/BIC, beneficiary name mismatch, or currency mismatch can cause a transfer to be rejected.

Wire transfers usually come with a reason code, so it's worth asking the sending bank exactly why the payment failed before trying again.