Avoiding unexpected processing time for Interest transfers (EEA)

The guidance on this page only applies to EEA residents. 

This article covers what you can do to avoid the processing time when transferring over 12,000 EUR from Interest balances or Jars. 

Read more about how the processing time works

Move money to a cash balance or Jar

You can have separate pots of money:

• a separate Interest balance or Jar where you can earn a return

• a balance or Jar without Interest, set to cash, which you can use to send large amounts quickly

If you haven’t got a cash balance or Jar in the same currency, you can open one. To do this, select the Open button from your Wise account home screen.

Change your Interest balance or Jar to cash

Alternatively, you can just change your Interest balance or Jar to a regular cash one.

In the web or app:

1. Select Interest on your balance or Jar

2. Select Change this balance

3. Select Cash

It can take up to 2 working days to move money between Interest and cash, or to change your whole Interest balance or Jar to cash.

Transfer some money today, and some tomorrow

To avoid processing delays when transferring amounts between 12,000 EUR and 24,000 EUR, you can send 12,000 EUR whenever you want to send it and then send the remaining 12,000 EUR the following morning.

If you're sending more than 24,000 EUR then it'd be fastest to send it all in one transaction.

Transfer money the same day you add it

You can transfer any amount of money over 12,000 EUR without the processing time if you transfer it the same day you add or receive it into your Interest balance or Jar. This is because we don’t invest your money until the next working day at 7:00 am Dublin time.

If you still need help

You can get in touch with our team.