TransferWise is an International Company based out of the UK. Their business is providing International funds transfer services between banks in different countries. The Borderless Account is a feature service of TransferWise (TW).
The Borderless Account allows money to be kept (usually temporarily) in the Internet "Cloud" and thus is Borderless. Once funds are held in the Borderless Account the funds can be redirected to any pre-approved Recipient Bank in the world
But I suggest not to use IDD for your social security monthly deposits. Rather - I suggest doing what I do. Use the TransferWise option of a Borderless Account. This service provides an account at a TransferWise Partner Bank in New York... By directing your Social Security to a Direct Deposit into your account at the TW Partner Bank - your funds automatically enter your Borderless Account and then can be directed to any Bank Account you have registered with TransferWise as a Recipient Bank Account.
- Anything happening in normal times doesn't count. The chosen hotels have income while the non chosen hotels have virtually none. Any regular income versus expense calculation is out the window. The investment group of a particular hotel (via the hotel general manager) will do whatever takes to survive. Any income to pay basic expenses means survival until this awful Lockdown aftermath goes away. I have been reading about the disastrous hotel situation in Phuket... many will close permanently.
Bobby Howard - Well - Mr. Know it All... this ASQ kickback is obviously not known by many who comment here as evidenced by the nature of their comments