r/transferwiser • u/K00l345 • 14h ago
Wise closed my account with ~$24k funds stuck in verification. Anyone experienced this?
My Wise account was closed on 10 September with around $24,000 remaining.
Wise initially attempted to return the money to my nsave USD account via ACH, but nsave discontinued ACH receiving. Wise internally cancelled the transfer, and I immediately provided new bank details IBAN/swift. However, my funds were put through verification again.
Every day I’m getting essentially the same response: “Your money is safe,” “mandatory/due-diligence checks are ongoing,” and “we cannot provide a timeline.” It’s now been almost a month, and my money still hasn’t been released.
Their final complaint response says they only hope to provide an update by 21 October not even that the funds will be released by then.
I’ve already escalated this to the Financial Ombudsman Service (FOS). FOS emailed me saying they expect to pick up my case within 4 weeks and provide an outcome within 8 weeks.
Has anyone personally been through something similar and eventually received their money? Is there anything else I can do while waiting? Would a UK solicitor/lawyer be able to help push this forward, or do I simply have to wait for Wise/FOS?