Frequently Asked Questions

Q. Who are the Directors of World Wise?
A. Noel Strachan - Chairman
Judy Strachan - Director
Patrick Cawley - Managing Director

Q. What are the requirements for signing up?
A. A valid government ID, TRN/SSN, proof of address and a cheque or draft made payable to “World Wise Partners Ltd”.

Q. What is the amount I need to open an account?
A. US$5000.00 & over earns 12% profit monthly and principal doubles if rolled for six (6) months.

Q. Do I need any reference?
A. Yes, One reference letter is required.

Q. Who should I make the cheque payable to?
A. The cheque should be made payable to “World Wise Partners Ltd”. The cheque can also be done in your name and endorsed to us.

Q. How long has World Wise been in operation?
A. Since 2003; however, we opened our doors to the public January 2007.

Q. Do I have to come into the office to sign up?
A. No, registration can be done online, however, identification must be either emailed or faxed to become a necessary part of the application file. Also a Recommendation is required from a Justice Of the Peace, a Notary Public or the Police if you are not able to come in to our office.

Q. Can someone sign up on my behalf?
A. Yes. However, the primary account holder has to sign the application form or the applicant can sign up online.

Q. Does the joint account holder have to be present?
A. No, they can also sign on the form at a later date.

Q. If I sign up online, how can I credit my account?
A. Funds can be sent via courier (for international clients) or Wire Transfer. A direct deposit can be made to our bank account, or one can bring in a cheque or draft to our offices. Overseas clients can courier a cashier’s cheque or money order to our office at 2 ¼ Ruthven Road, Kingston 5. This package should also include your ID and proof of address (Utility Bill).

Q. Can I have my gains lodged to my account overseas?
A. Yes, as long as that is indicated on the form. Each wire attracts a fee of USD $47. Information such as the bank name, bank address, account number, swift number and routing number should be provided to facilitate the transfer.

Q. If I have a U.S. Dollar account, can my funds be lodged to it?
A. Yes, just supply the bank address and account number on the application form. If it is a Wire Transfer then get the Wire Instructions from your bank and email it to us.

Q. Can I fund my account in Jamaican dollars?
A. Yes, we will convert the Jamaican dollars to the U.S. equivalent based on the daily exchange rate.

Q. Can I Fund my account with cash?
A. No, The account must be funded via Wire Transfer or a Managers/Cashiers Cheque.

Q. What currency do you accept?
A. All currencies will be converted to US Dollars.

Q. What type of cheques do you accept?
A. Any manager's cheque from a financial institution. Personal cheques are not acceptable.

Q. How long will it take before my Gains mature?
A. GAINS/PROFITS accrue 7 days after the account has been funded and is calculated to the 30th day of the month. Profits are paid on the 5th working day of each month.

Q. How much notice do I need to give in order to withdraw my funds?
A. Requests should be sent in on or before the 23rd of each month. This can be done via fax (876-754-2835), email (withdrawal@worldwisepartner.com), or an amendment form available at the office. If the request comes in after this time period, the client will be charged 1% on the amount being withdrawn and forfeit profits earned on the account for that specific period.

Q. How soon after I have funded my account is cheques made payable?
A. The client has to complete the remaining days for the month in which the registration was done, along with the full 30 day calendar month of the subsequent month. However, the gains mature on the 30th. Hence, you will not receive payments on amounts withdrawn before the 30th (prorated earnings). The account should have no less than $1500 USD at any given time.

Q. How much of my money is guaranteed?
A. No Investment on the planet is guaranteed, No business Venture is guaranteed. Therefore WorldWise cannot guarantee that the business will be successful.

Q. Can I have multiple accounts?
A. Yes, you can.

Q. Can I use one cheque to fund two different accounts?
A. Yes, you can; as long as the instructions are made clear on the form.

Q. Is my money taxed?
A. All Partners are liable to taxation based on which jurisdiction they reside. WorldWise does not charge any withholding tax as it is up to the Client to make his/her income tax return.

Q. Are you registered under the FSC?
A. We have submitted our application to be registered as a licensed securities dealer. This application is being processed and is not yet approved.

Q. Do I get a copy of the agreement? What proof do I have that I am a Partner?
A. You can request that your application be photocopied. Your receipts are also proof of Partnership. When the business is registered at the Companies Office of Jamaica a copy of the certificate can be requested.

Q. How can I amend my account information?
A. Personal information can be modified on the Website when you log into your account. Additional adjustments have to be done via an amendment form available at the office or sent to amend@worldwisepartner.com.

Q. How soon after I fund my account will I see it reflected online?
A. Accounts are updated within 24 hours.

Q. What is the minimum I can ADD to my account?
A. There is no minimum or maximum that can be added.

Q. How can I view my account?
A. You are emailed a Username and Password when you register. This User Name and Password is used to access your online account at www.worldwisepartner.com

Q. Can my funds go to a Jamaican Dollar account?
A. Yes, however, remember to give us the bank account number, name of the bank and the address. Please remember the bank account must be in the same name as the world wise account.

Q. How are my profits paid out?
A. Profits are paid out based on the request of the Client. When a Client request funds the client must establish a bank account where World Wise can deposit the profits. World Wise will no longer issue cheques to clients. The Client must supply a bank account where World Wise can deposit funds. The G-Card Visa Debit card can also be funded at the request of the Client.

Q. What is the name of your law firm and where are they located?
A. Townsend, Whyte & Porter. 4 Duke Street , Kingston .