It is no longer easy to give a simple answer, as everything depends on the individual situation. Are you an EU citizen? Do you have a cédula? Do you own a company? If so, where is it registered? Are you employed? If yes, where? How frequent are the transfers, and what amounts are involved? Each of these answers can change the assessment. I know several people whose Wise accounts were frozen. Others became tax-liable in the EU despite having an LLC.

Thank you very much!