Are you looking to receive international payments for freelance work or simply want to receive money from friends and family from foreign countries to Pakistan? Wise can provide the solution you need. Wise, a UK based company, offers an online account to receive various currencies, including dollars, euros, and pounds. It provides an IBAN that can be used to receive money, even from individuals who do not have a Wise account. They can send money directly from their bank.
Creating a Wise account in Pakistan is straightforward. Here’s what you need:
- A Smart Card: The standard CNIC (Pakistan National Identity Card) in Urdu cannot be used for Wise verification. You’ll need an English Smart Card for identity verification.
- Bank Statements: Provide bank statements from the last 6-12 months that clearly show your address. These are required for identity verification.
- Initial Transfer: To verify your Wise account, you’ll need to transfer $20.
In Pakistan, you can make payments to Wise using Naya Pay and other accepted debit cards. If you encounter any issues with Pakistani bank account payments, you can use your Payoneer account. If you’re unsure how to create a Payoneer account, you can refer to this guide on How to Create a Payoneer Account From Pakistan.
Steps to create Wise Account from Pakistan
- To get started, sign up on the Wise website by clicking this link: www.wise.com
- After registration, you need to add your details, including a passport size photo , two photos of your smart card (front and back) and other necessary information.
- In the third step, you’ll be required to verify your account details by uploading your selfie. Wise may also request your bank statement for this purpose.
- Finally, click on “Open +” button and select USD as your preferred currency, and proceed to make a payment of $20 or more for verification. It’s important to note that this amount is not a fee; you can use it in your Wise account later.
Once your identity is verified, and you’ve made the required payment to Wise, your account will be activated. After activation, you can use your account to receive various currencies, including dollars, euros, and pounds. To withdraw your payments from Wise, you need to link your bank account as the recipient. Then you can easily withdraw your dollars or euros to your Pakistani bank account. Wise also offers competitive exchange rates compared to other services.
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