Wise money account and EDB

Member since 19 December 2024

nicholasmoundActive member16 February 2025 15:52:12

Hi everyone

I am in the UK and considering opening a Wise account in UK. For the retirement permit application it possible to submit proof of the $18 000 fund held in the UK, but held in a Wise UK account?

Many thanks, Nick

karibi Active member

Member since 28 November 2023

karibiActive member16 February 2025 17:14:33

The requirements are:

6.3. CRITERIA

1. A Retired Non-Citizen should submit a recent certified bank statement from the

retired non-citizen’s country of origin or residence, showing –

(a) a minimum amount of USD 18,000; or

(b) a guaranteed minimum income of USD 1,500 per month.

I think the problem you will have is that they are requesting a certified bank statement. I don't think Wise can do this? Check with Wise.

freegwendolyn Member

Member since 14 February 2025

freegwendolynMember16 February 2025 18:58:11

I would like to visit Mauritius before I apply for the retirement visa to make sure the country would be a good fit for me. Should I wait before opening the bank account and is there specific bank I should look into?

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Tookays Serial expat

Member since 14 December 2022

TookaysSerial expat16 February 2025 21:32:24

322

@freegwendolyn

Visit first, and spend at least 3-4 weeks; preferably in different parts of the island. Use the local facilities and transport. GO to the markets as well as the malls. See whether your lifestyle is suitable. Only then can you decide to look further into relocation.

Best wishes.