Behold, @wise's @MVBulck at @DigFinSummit today :) #fintech #fintechbelgium @fintechbe

1/ £5.6 bn, that’s how much Brits lost in mostly hidden fees last year. Time to put an end to this. That’s why we and our 14 closest friends asked the Chancellor to fix this 👇 https://t.co/RPON6Y03On

1/ As lawmakers and regulators in the UK fly to their summer holidays, some tips for them how to save their money from those who don't follow the law. Screenshots for those banking with NatWest, Barclays, Lloyds, HSBC, TSB and Starling. 🤓

1/ Bank of England now pays 5% to *your bank* for holding your money overnight. 🇬🇧 How much does your bank pay you? Not much? Even J.Hunt, the Treasury and the FCA feel uneasy about it. But how to fix it?

Something about taxation and representation 🥰

🌍 Happy International Day of Family Remittances! How can we achieve the UN goal of 3% costs by 2030? Transparency is key! Providers must disclose total costs upfront, empowering consumers and promoting competition. #FamilyRemittances Read our report: https://t.co/q4OH3LafXz

Look mum, I'm getting enfranchised! 😍

European regulation like CBPR2 should have forced banks to become transparent. But there are still #HiddenFees in exchange rate mark-ups 🤦‍♀️ (1/2)

1/4 It was great to host Shadow City Minister @TulipSiddiq at @Wise HQ yesterday and discuss how we can make finance work better for people. 🤝

I had a very interesting visit to @Wise in Shoreditch today. We had a useful discussion about the hidden cost of sending money abroad and how protected groups are disproportionately affected. Thanks for hosting me!

1/5 💸 British people and businesses lost £5.6 billion to fees in 2022. This has to stop. Help us end hidden fees in international payments by calling on the @HMTreasury to stop exchange rate mark-ups. Here’s why your voice matters. 🧵

1/ 📆Today we celebrate World Consumer Rights Day. Did you know that since 2014 it is illegal in Europe for any business to not accept an IBAN because it starts with the wrong two letters? Refusing an IBAN = Breaking the law. And guess what…it’s a BIG issue!

This Valentine’s Day, is it time for UK SMB’s to break up with their banking provider? New research from Wise has found that SMBs lost an estimated £3.6 billion in FX fees while selling goods and services abroad in 2022. Read the full report: https://t.co/UCShmSij5O

1/ Did you know that some of your payments could already be much faster and cheaper than they are today? There is a small legal blocker that stops this from happening – so we’re taking action. Let’s go on a little train ride…🧵 https://t.co/amzu5CWby1

1/ This week, under the watchful eye of @EU_Commission, companies committed to stop hidden fees when people send money to help friends, families and colleagues in Ukraine. Here’s why it’s fun news. 🧵

Look at the brilliant things @ChantaalGS got up to recently. Now let’s get more fintech women in papers and on stages!

Zola, @floetry 's red lab, went missing around Haggerston park. Please share and help find her 🤎

Never

We can make hidden fees a thing of the past. Get your voice heard & tell the European Commission to make finance fairer 👉

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