Used for international money transfers wisehad made important statements about its services in Turkey in recent months. The company had announced that it had restricted certain transactions due to regulations.

An email was sent today to users of the company that handles international payments and expenses. wise, local regulations He stated that most trades will be halted, stating reasons.

Many services stop after August 30

From the image shared by the Twitter user Serdar Özbilen, we can see the email Wise sent to the users. In the message starting today It is stated that no new account information can be obtained and that the balance cannot be added to the Wise TRY balance of Turkish bank accounts.

on the other hand After August 30 It is also added that many operations cannot be performed. These include the following services;

• New balances and piggy banks cannot be opened to hold money in different currencies.
• Cannot convert between balances
• Funds cannot be added to existing Wise balances
• No transfers of balances
• Wise cannot be paid. This means that your own Wise account will no longer work and all money sent will be returned to the sender.

After August 30, two things can be done. One is the ability to withdraw the remaining funds from Wise accounts to bank accounts, and the other is to make international money transfers from bank accounts in Turkey through Wise.