What are /r/GMEmate's favorite Products & Services?

From 3.5 billion Reddit comments

wise.com

I've sent AU dollars converted to US, it setup a US bank account for me, it gives you the numbers you need.

I've pointed CS at it for a purchase, but I'm waiting for the magic to happen.

If anyone knows how to get AU dollars auto converted to US dollars via Wise or something, I really would like to setup a regular investment plan that is automated rather then manual.

If your account details have a routing number starting with 026, then there are limits but if they start with an 084, there are no limits

https://wise.com/help/articles/2978015/can-i-receive-large-amounts-into-my-wise-account

Not to be a buzz kill about Wise, but there website specifically says they're not protected by the FSCS. I Assume this means the Australian FSC would also not apply.

Source: https://wise.com/help/articles/2736035/how-does-wise-hold-my-money

They claim that instead they keep money "safeguarded" but the avenues they use for their process involves investments in (US/UK) government bonds as well as:

JP Morgan Chase RBS International Barclays Bank PLC Adyen Citibank AS LHV Pank

Source: https://wise.com/help/articles/2949821/is-it-safe-to-keep-money-in-my-wise-account

My concern is if collapses happen and money is transferred to Wise it may not come out the other end, at least with standard banks you are guaranteed your $250k per account.

I'm more than happy to be proven wrong so if someone has more knowledge about this please let me know.

I tried and it didn't work for my Wise USD account. Apparently USD balance direct debits for non-US residents are only available if your routing number starts with "084". See their article on direct debits.

My account's routing number starts with 026. I contacted wise about it and they claim they can't change it for me, nor can I apply specifically for an account which supports direct debits.