Wise Fees: A Full Review - 2025

Wise (TransferWise) was built to make international payments cheaper, faster and more transparent. The way Wise moves money is different compared to banks, which means the fees you’ll see when using Wise might also look a little bit different.

To make it easy to see exactly what you’re paying for every transaction, Wise splits out all its fees – unlike many providers which bundle costs together or hide fees in the exchange rates used. You’ll only pay for the services you need, and you’ll always see in advance any costs involved.

This guide covers all you need to know about Wise’s fees, how they’re structured, and how they compare.

Wise (TransferWise) fees: an overview

Wise is on a mission to make it easier and cheaper to transact internationally. That means Wise fees are designed to be fair, transparent, and get lower over time.

Here are the key Wise fees you’ll want to know about.

TransferWise currency conversion fee

Banks often add a markup – an extra fee – onto the exchange rate they pass on to customers. This makes it hard to see what you’re really paying for your international transfer or when you convert currencies in your account.

Bank markups are often around 3% – which pushes up the costs of a transfer significantly, especially over higher value payments. Here’s how a 3% margin would mount up over a few different transfer values if you were sending USD payments back to the Philippines:

• Sending 1,000 USD – the exchange rate markup adds 30 USD to the total

• Sending 5,000 USD– the exchange rate markup adds 150 USD to the total

• Sending 50,000 USD – the exchange rate markup adds 1,500 USD to the total

Wise takes a different approach. Wise currency exchange rates use the mid-market exchange rate with the conversion fee you pay split out so it’s easy for you to see if you’re getting a good deal.

Wise transfer fees

When you make a Wise international transfer your payment is converted with the mid-market exchange rate and a low fee from 0.57%. There’s no fee hidden in the exchange rate you’re quoted, which makes it simple to see exactly what you’re paying for your international transfer.

Wise fee calculator

To make sure you can easily check and compare the costs of sending money, Wise has a handy transfer fee calculator, which you can access online or in the Wise app. Just enter your payment details to instantly see the full cost, the exchange rate available, and the estimated delivery time. Here’s how:

1. Select the currency you’re sending to and from

2. Confirm how much you want to send, or how much you want the recipient to get

3. Choose how you’ll pay for the transfer

With the Wise fee calculator you can see the variable fee as a percentage and a total, the fixed fee, and the total cost. It also shows exactly what your recipient will receive, and when it’s likely to arrive in their account.

Check out the Wise transfer fee calculator here, to start saving on your international transfers today.

How does Wise pricing work?

Wise has its own payment network which lets it arrange international transfers faster and for a lower cost compared to banks which rely on the SWIFT network. This can cut down on the costs of transferring money and allows Wise to manage their pricing differently too.

As we mentioned earlier, Wise’s commitments include:

• Being radically transparent about costs

• Charging as little as possible – and lowering fees over time

• Using fair pricing so you only pay for the services you use

How much you pay with Wise will depend on the service you’re using, how you want to pay, and the currencies involved. However, you’ll always see the full fee upfront, with no hidden fees to worry about.

Sending large amounts with Wise

Wise is a safe provider which is already trusted by millions of customers around the world, making it a good choice for high value or regular payments. Plus you can get a discount on your costs if you regularly send Wise payments for yourself or your business.

If you send more than the currency equivalent of 20,000 GBP a month you could get an automatic discount of up to 0.17%. There’s no need to pre-arrange the fee, which means everyone gets the best possible deal, every time. Here’s how the Wise high value payment discounts break down:

Wise money transfer limits can vary a little depending on the currencies involved. If you’re sending a payment from PHP you can send up to 50,000 PHP per payment. If you need to send a higher amount than this you can break down your transfer into multiple payments.

How does Wise pricing compare?

Before you choose a provider for your international payment it’s a smart idea to compare a few options, to make sure you’re getting the best available deal.

The good news is that money transfer specialist providers can be  cheaper than using a bank. However, even some specialist providers might include a part of their fee in the exchange rate they use. That means you’ll need to look carefully at the overall costs and exchange rates to find the cheapest provider for your payment.

Wise account and card fees

As well as fast and secure money transfers, Wise also offers multi-currency accounts you can use to hold and exchange 40+ currencies, and a linked debit card for spending and withdrawals in 150+ countries.

You can add a balance to your Wise account yourself, or have someone else send you money using the local and SWIFT account details which come with your account. As the Wise account is a true multi-currency account, you can receive payments in a selection of foreign currencies and hold your balance for future use. Use your foreign currency balances for future payments to others, convert to another currency you need, or use your money to spend with your card when you’re abroad.

There’s no fee to spend a currency you hold in your account with a Wise card - and if you don’t have the currency you need you can just let the card convert for you, with the mid-market exchange rate and low fees from 0.57%. Here’s a rundown of the important fees you need to know about when using the Wise card:

Fees to add money to Wise Account

The Wise top-up fees you pay depend on how much you want to add, and which currency you’ll pay in. If you need to convert currencies to deposit them into your Wise account, a small fee will apply.

Wise account fees for holding money

It’s free to hold money in your Wise account. In fact, you can hold money in 40+ currencies for free including AUD, NZD, USD, EUR, GBP and CAD.

Fees for sending money from your Wise account 

Once you hold a balance in your Wise account you can use it to send payments to 40+ countries. Fees start from 0.57%, and vary depending on the currency you’re sending to and from.

Fees for receiving money into Wise account

You can receive payments to Wise using local or SWIFT account details. The costs can vary depending on the currency and the way the sender processes the transfer:

Receiving money using local account details (non-SWIFT and non-wire) is free. For wire and SWIFT payments a low variable fee applies, depending on the currency in question

Wise ATM fees

With Wise, you’ll get some free ATM withdrawals every month, no matter where in the world you are. You can find how much is left of your free monthly ATM withdrawal allowance easily in the Wise app, so you’ll always keep on top of your costs.

Here’s how the Wise card ATM fee shapes up:

• The first 2 ATM withdrawals up to the value of 12,000 PHP/month are free.

• After this, a fee of 30 PHP + 1% of the withdrawal value applies

Wise foreign transaction fees

Many bank debit or credit cards will charge a foreign transaction fee whenever you spend or make a withdrawal in a foreign currency. The exact cost depends on the card you have, but it’s often about 3% of the value of the transaction. Wise does not have a foreign transaction fee. It’s free to spend any currency you have in your account, and if you need currency conversion you’ll pay a small fee from 0.57%, based on the currencies involved.

Conclusion

Wise aims to be fully transparent in its pricing. You’ll see the full cost of the service you need upfront before you commit, with no hidden charges or exchange rate markups. This can be a lot to take in, but it’s more transparent than bundling costs or hiding a charge in the exchange rate, which is what many other providers do.

Overall, Wise’s low fees and transparent approach to pricing makes it a market beating service for many customers.