Wise, formerly called transferwise and now renamed wise, is a platform providing international remittance and transfer services.  You can withdraw the balance of PayPal to wise, and then withdraw it to your bank card through wise. Wise will give you 5 bank account numbers, including U.S. dollars, New Zealand dollars, Euros, Australian dollars, and British pounds,  at the same time you can also get a MasterCard.

Registration

Use your real information to register.Open here to register.

I choose personal. You can log in directly with your Google or Facebook account, I use my email to register. After completing the form, I received a verification email from Wise with the title "Confirm your email address". Click the link in the email to verify your email. Please use your real information when filling in the form, because the passport will be used for authentication later.

Next, verify your ID, usually with a passport.

Take a photo of your passport and upload it. After uploading successfully, it will display "Thanks! We've received your ID document."

The exciting thing is coming.

Open bank account

Click the menu “Balances—Get started” on the left side of the website.

The next step is to verify the phone. After verifying the phone, the following interface appears.

Look at this picture. There are two options:

Balances with local bank details

Balances without local bank details

As you can see, there are five currencies including British Pound, Euro, U.S. Dollar, Australian Dollar and New Zealand Dollar with local bank account.

Yes, there are ACH routing number, SWIFT code and Account number, indicating that this U.S. bank account can receive ACH payments and wire transfers.

It’s strange that I was not allowed to apply for a MasterCard. (If you can get this MasterCard, please tell me how to get it.)

Okay, the USD account application is successful. You can use the same method to apply for local bank accounts in sterling, euro, Australian dollar and New Zealand dollar.

Withdraw wise money to a bank account in my country.

First add my domestic bank account and click “recipients” on the left.

Then click "Add your bank account",  If the bank card binding fails, please try another bank account.

After successfully binding the bank card, I try to withdraw 100 USD, the fee is 4.38 USD. When I input 10,000 USD, the fee becomes 130.68 USD, which is too expensive

It takes 8 hours to withdraw cash from Wise to your country’s bank, When I try to withdraw 4000 USD, I need to enter the SSN, but I can choose "I am not a US citizen".

How to set up PAYPAL.

I will not elaborate here, but only tell you a few key points.

Bank name: COMMUNITY FEDERAL SAVINGS BANK

Account type:Checking

Routing number (ACH or ABA): 026073150

This is included in Wise's U.S. dollar account information.

I only use Wise to receive money, and I have never tried to use Wise to send money to other people.