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Wise International Money Transfer-now need SSN?

Hello,
I have been using Wise for years and never been asked to provide SSN.
Today, I tried to make a transfer for less than $1000 and was asked to provide SSN.
Has anyone done this?
I'm a little worried to provide a very sensitive info.

Thanks,

Posted by
9128 posts

Yes, I just made a transaction a few days ago for around $400, and was asked for my SSN. This is a requirement for financial institutions (which WISE is) so I had no qualms about giving it (it's encoded as you key the numbers in) and everything went through fine.

It's no different than providing it to a credit card company when you apply, or a bank when you open an account.

Posted by
8521 posts

Probably some cracking down on money transfers going on. Services like Wise have become useful for moving drug proceeds and money gained from theft.

Posted by
14 posts

I just used Xoom, a subsidiary of PayPal to send money to a host in Italy, and used my PayPal balance to pay, never was asked for SSN.