Wise Account

[Gary Rees]

Morning all

I was wondering if any of you know if the UK Pension office will pay our pension into a Wise account?

I have been using Wise a while now and it’s quite easy and cheaper than the main banks.

Please let me know and your experiences/thoughts.

Wait to hear

Kind regards

Gary
Sent from my iPhone

[TK Gmail]

Yes they will pay into a Wise Account.,
Of course you have to set up a UK Sterling facility on your Wise account, which gives you a UK Sort Code, Account Number, and UK Branch address to give to the UK Pensions office.

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[mary barber]

I get mine paid  into Xe they tell when has arrived & I ring them up & they transfer  it to my Australian bank all done in 35 hours 

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Subject: Re: [bapanews] Wise Account

 

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[Gary Rees]

Great thanks

Gary
Sent from my iPhone

> On 26 Oct 2025, at 19:31, TK Gmail <tk.co...@gmail.com> wrote:
>
> Yes they will pay into a Wise Account.,

> To view this discussion visit https://groups.google.com/d/msgid/bapanews/F3B63998-F8B5-4A03-93B3-379704DD5DF6%40gmail.com.

[Lesley and Bob Maxwell]

I was researching Wise a few months ago. Doesn’t it say somewhere on their website that you get an account number and BSB/sort code for your account? For use for deposits to the account……
If that’s the case, you can contact the Pensions people and confirm they can credit the account, if you wish to do so. All a matter of personal choice.




> On 26 Oct 2025, at 4:50 pm, 'Gary Rees' via BAPA <bapa...@googlegroups.com> wrote:
>
> Morning all

[Michael Goodall]

Hi Gary,

Yes you are able to set up a Wise account with a Sort code and account number in your name and you can also have a Debit Card either as a plastic card or in your digital wallet. This is great if while you are in the UK you can easily access your money for everyday spending.

Use this link to get your first transfers from Australia to Wise Uk or transferring money into any countries currency. https://wise.com/invite/dic/michaeig1503 

Best regards,

Mike Goodall

Mob:- +61 403 909 865

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From: 'Gary Rees' via BAPA <bapa...@googlegroups.com>
Sent: Sunday, 26 October 2025 3:26 PM
To: bapa...@googlegroups.com <bapa...@googlegroups.com>
Subject: [bapanews] Wise Account

 

[Gary Rees]

Thanks Mike, very good of you.

I’ll look into it.

Cheers

Gary

Sent from my iPhone

On 27 Oct 2025, at 04:53, Michael Goodall <mikecg...@btconnect.com> wrote:



To view this discussion visit https://groups.google.com/d/msgid/bapanews/AS4PR07MB84583A0688E0A73BC8011800D6FFA%40AS4PR07MB8458.eurprd07.prod.outlook.com.

[ijar...@australiamail.com]

Are there any advantages from this if you just want the money in A$? For example will the exchange rate be significantly better? 

I guess keeping it in sterling in a Wise account would provide flexibility in when to convert to A$.

Ian Jarratt

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On 27/10/2025 at 6:53 am, Michael Goodall wrote:

From: "Michael Goodall" <mikecg...@btconnect.com>
Date: 27 October 2025
To: "bapa...@googlegroups.com" <bapa...@googlegroups.com>
Cc:
Subject: Re: [bapanews] Wise Account

[TK Gmail]

You have to add a UK Sterling facility to your Wise account. That gives you a UK Bank Sort Code, account number and Branch address in the UK. The UK Pensions authority needs that to pay into a UK£ Account.

For me, because I spend it day to day, the best option is to get my UK State Pension paid directly into my Australian Bank account in AU$.
The exchange rate is excellent at the time the payment is made (I couldn’t find a better rate), and there are no bank or other charges.
It’s an individual choice. for example if you intend to spend most of it in UK£ then there is no point in changing currency twice, or you might want to save it up in UK£, then exchange to AU$ when the rate is good (but you can lose money doing that too🤣)

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[TK Gmail]

Not really. You get an excellent rate when your pension is paid directly into your AU bank account (I have never found a better one), and there are no additional bank, or any other charges.

The advantages of a UK£ account come if you regularly spend a lot of it in UK£ (holidays, family presents bought online, etc), or if you can save it up in UK£ then do the exchange when the exchange rate is good (but you can lose at that game too🤣)

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[Chris Hill]

You can use your Wise plastic debit card anywhere not just the UK and they will send it to you by DHL although it costs about 37gbp to Thailand 

To view this discussion visit https://groups.google.com/d/msgid/bapanews/37CFF722-AAF0-45BA-B935-15A9794E5B42%40icloud.com.

[Gary Rees]

Hi,

Thanks to everyone who has answered, it seems many people are using this and are happy so I will follow up this way.

Thanks again

Gary

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