Can I receive my tax refund into my Wise account?

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 · Accepted Answer

Niamh111 · Answer

Hi Ziad, are you sure about this as you can have Australian bank details on wise and their website confirms that you can receive your tax refund into their borderless account. This is the extract from their website: Can I receive my tax return to an overseas bank account? If you lodge your tax return online, you'll need to provide the ATO with details for an Australian bank account - a foreign bank account won't suffice¹⁰. So unfortunately it isn't possible to pay your taxes from, or receive a rebate into, your overseas account, assuming you're planning to lodge online. One convenient solution is a Wise borderless account. This is a multi-currency account that gives you bank details for Australia, New Zealand, the US, the UK, and the EU - so that you can both pay and get paid like a local in any of those currencies, all into the one account. Within the borderless account, you can convert money between currencies at the real mid-market rate, with only a minimal percentage fee for the conversion. It makes sending money around the world an average of 10x cheaper than with leading Australian banks¹¹. You even get a free Platinum debit Mastercard. That's one way to make sure that the annoying process of lodging your Australian tax return, doesn't become needlessly expensive. Plus it'll come in handy any time you need to send money internationally - whether that's to friends and family back home, or just buying something from abroad.

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