Advise needed on a situation!
Apologies if I am unclear - English is not my first language. I am a Canadian freelancer who's been working as an independent contract for a US company, receiving Wise payments for a couple of years now with no issues.
I transfer from wise to my TD bank account, and like I said, no issues so far, however, I have let a sustancial amount build up in my account last year, thinking I'd just transfer the large sum sometime this year to my TD bank account (About 60k Canadian) and now I am concerned about the following: I've been using a personnal wise account without thinking much of it, but now after digging, I've realised I may have had to use a business account? Has anyone ever been in a similar situation? I am unsure what to do now, I did not think much of using a personal account, until now... Worried my account may get closed and loosing my funds, also worried that a big transfer to my bank account may also raise flags, with so many stories about accounts being closed flying around...
Any thoughts or advise is highly appreciated. Thank you all!