Thanks for your comments about my hesitation with continuing what until now was a very satisfying use of Wise. I am enclosing their response to my doubts. It seems to be related to a particular type of bank security. I do intend to look for another company to replace this one. But I will talk to them first to see what kind of bank verification they use.
Thanks for getting in touch.
The reason why you have been asked to input your bank username and password to log in is because sometime when the bank log in page is either powered by Plaid or Yodlee there will be a page for you to authorize the 'linking '. As per your screenshot, the page was powered by Yodlee.
Please note that, this is just for linking purpose, Wise "does not "record your bank login details.
If you are not comfortable to key in the details- Don’t worry, you may refer to the details below:
You can try to pay for your transfer using our other payment method provider — but it still might not work.
Please follow these steps:
- When paying for your transfer, choose Bank debit (ACH)
- Instead of choosing a saved account, choose to pay via a new one
- Don’t select your bank — type in “other banks.” You might have to scroll to the bottom to enter this.
- Enter your ACH routing number
- Log in to authorize the payment
Microdeposits will show up as two small amounts in your account — they’re between 0.01-0.99 USD. They’ll show up on your bank statement too. They can take 1-2 business days to arrive.
When they arrive, enter them on your transfer page. This will immediately verify your account. You can only do this on the website, not the app.
Click on the transfer and then enter the amounts — you can enter the amount and continue the transfer.
When that’s done, we’ll start the payment process. And when we’ve got the money from your bank, we’ll convert that money and start the transfer.
If this doesn’t work, don’t worry. - Please follow those steps again, but when you log in to authorize the payment, enter your password incorrectly 2 times.
We’ll try and verify your account via microdeposits.