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B. Transaction Limits
Wise imposes certain transaction limits based on your account status. New users are often subject to lower limits, but after completing identity verification, these limits can increase.
For example:
Sending Limits: You may be limited to sending a certain amount per week until your account is fully verified.
Receiving Limits: Unverified accounts have lower limits for receiving money, while verified accounts can receive higher amounts.
Knowing your limits is important to avoid unexpected issues when transferring funds.
C. Security and Account Protection
Wise takes security seriously and offers several features to protect your account:
Two-Factor Authentication (2FA): Enable this feature to protect your account with an extra layer of security.
Secure Transactions: Wise uses encryption to protect your personal and financial information during transactions.