How to Withdraw Money from Wise to Pakistani Bank | HabibYo
In today’s globalized world, receiving payments from international clients or platforms is essential for freelancers, entrepreneurs, and businesses. Wise (formerly TransferWise) makes it easy to receive money, but how do you withdraw it to your Pakistani bank account? This step-by-step guide will help you seamlessly transfer your money from Wise to a bank in Pakistan.
Why Choose Wise for Money Transfers?
Wise is a popular choice for international money transfers due to its:
- Low Fees: Transparent and affordable transfer charges.
- Real Exchange Rates: Uses mid-market rates with no hidden markup.
- Global Access: Send and receive money in over 80 countries.
- Ease of Use: A user-friendly app and web interface.
If you’re in Pakistan and want to withdraw funds from Wise, follow this detailed process.
Step-by-Step Guide: Withdrawing Money from Wise to a Pakistani Bank Account
Step 1: Sign Up for Wise
If you don’t already have a Wise account, create one by clicking the link below:
👉 Sign Up for Wise
- Use your email address or Google account to register.
- Verify your identity by submitting the required documents.
Step 2: Add a Pakistani Bank Account to Wise
To withdraw funds, you need to add your Pakistani bank account details to Wise.
- Go to the “Recipients” section.
- Select “Add a New Recipient.”
- Choose PKR (Pakistani Rupee) as the currency.
- Enter your bank details, including:
- Bank name (e.g., HBL, Meezan, UBL, etc.)
- Account title (exactly as it appears on your bank account).
- IBAN (International Bank Account Number).
Step 3: Receive Funds in Your Wise Account
Ask your client or sender to transfer funds to your Wise account. Provide them with the relevant Wise details, such as your USD, EUR, or GBP bank account info (depending on the currency they’re sending).
Step 4: Convert Currency (If Needed)
If the money in your Wise account is in a foreign currency, you can convert it to PKR directly within the Wise app. Wise will show the current exchange rate and any applicable fees.
Step 5: Initiate a Withdrawal to Your Pakistani Bank
- Go to the “Send Money” section in Wise.
- Select your Pakistani bank account as the recipient.
- Enter the amount you wish to withdraw.
- Review the transfer details, including fees and estimated delivery time.
- Confirm the transaction.
How Long Does It Take?
The transfer usually takes 1–3 business days to reflect in your Pakistani bank account, depending on your bank and Wise’s processing time.
Key Benefits of Using Wise for Transfers to Pakistan
- Affordable Fees: Wise’s transparent pricing helps you save money compared to traditional banks.
- Fast Transfers: Most transfers are completed within a few days.
- Secure Platform: Wise is regulated by financial authorities worldwide, ensuring your money is safe.
Pro Tips for Successful Transfers
- Double-Check Bank Details: Ensure your IBAN and account details are correct to avoid delays.
- Use Accurate Names: Your Wise account and bank account names must match.
- Plan for Exchange Rates: Transfer funds when exchange rates are favorable to maximize your withdrawal.
FAQs
1. Can I use Wise if I don’t have a USD or EUR bank account in Pakistan?
Yes, Wise allows you to convert foreign currencies directly into PKR and send them to your local Pakistani bank account.
2. Are there any hidden charges when withdrawing to Pakistan?
Wise is transparent about its fees. You’ll see the exact charges and the amount you’ll receive before confirming the transfer.
3. What are the supported banks in Pakistan for Wise withdrawals?
Wise supports major banks like HBL, UBL, Meezan Bank, Allied Bank, and others. Ensure your bank can process international remittances.
Useful Resources
- Watch our full video tutorial here: How to Withdraw Money from Wise to Pakistani Bank
- Sign up for Wise now: Wise Signup Link
Conclusion
Withdrawing money from Wise to a Pakistani bank is simple and efficient. By following this guide, you can seamlessly manage your international earnings and avoid unnecessary delays or fees. Wise’s transparent platform ensures you get the most out of every transaction. Don’t wait—start withdrawing your funds today!