I wanted to receive Wise payments in pounds from a UK site, but to do so, I needed a BIC and an IBAN number. Wise normally only offers a UK sort code and account number, but when I contacted support, they somehow created a BIC and IBAN ...
For example, if you are a US trader but want to deposit funds to UK TransferWise brokers, your payment would be made to the Wise hub in the US and the UK hub will pay the UK brokerage the equivalent funds in GBP. The company makes a small profit through fees on these transactions, ...