If you're making a transfer from the US, and you set up an ACH bank debit for your USD transfer, we need to verify that your bank account belongs to you. If we're unable to do this with your bank login details, we might be able to verify you with microdeposits.
This means we'll send two small amounts (between 0.01-0.99 USD) to your account, which will appear on your bank statement. It can take up to 2 business days for these to arrive.
As soon as you see them, you can enter them on your transfer page, and this will immediately verify your account. You can only do this on the website, not the app.
If you have 2-step login enabled on your TransferWise account
You won't have to verify your bank account again for old or new recipients. If you're paying from a new bank account for the first time, you might have to verify using microdeposits.
If you don't have 2-step login enabled on your TransferWise account
You'll have to verify your bank account each time you send to a new recipient.