Wise fees explained: what a transfer costs

Wise charges a UK account from 0.24% of the amount to send money abroad, and nothing at all to receive a local payment or to spend on the card in a currency you already hold. The word "from" is doing real work: Wise prices every transfer individually, so 0.24% is a floor, not a quote. This guide sets out what its pricing page publishes, with examples computed by the same engine as the Wise fee calculator. Every rate is quoted from Wise's official pricing page for the country in question and was verified on 3 September 2026.

What Wise charges

Sending money abroad

Wise states one starting percentage per market, then prices each transfer from its live calculator using the currency, the amount and the route. Nothing on the pricing page fixes the rate for a corridor, so the calculator applies the starting rate and labels the result indicative. Read it as the least a transfer can cost.

On a £100 transfer from a UK account, the fee on £100.00 is £0.24 and you keep £99.76, an effective rate of 0.24%. On a €1,000 transfer from a German account, the fee on €1,000.00 is €2.00 and you keep €998.00, an effective rate of 0.2%.

Wise converts at the mid-market exchange rate and charges its fee separately, which is why the fee is a percentage rather than a spread hidden in the rate. The exact figure appears in the app before you confirm.

Receiving money

Money that arrives through your local account details — AUD, CAD, EUR, GBP, HUF, NZD, PHP, SGD or USD — is free, whichever of these four countries your account is registered in. A USD wire or Swift payment is the exception: it costs a fixed 6.11 USD per payment, charged in dollars everywhere.

That fixed fee is the one worth pricing into an invoice, since it does not scale with the payment. To keep $1,000.00 you charge $1,006.11, and the fee is $6.11.

The card and cash withdrawals

Spending money you already hold in that currency costs nothing. Cash is different: each account gets a free monthly allowance, and above it Wise charges a percentage of the amount over the allowance rather than of the whole withdrawal. A UK, German or Australian account pays 2.69% of the excess; a US account pays 1.95 USD plus 1.95% on each withdrawal once the allowance is used, which the calculator models as a single combined withdrawal.

On £300 of withdrawals in a calendar month, the fee on £300.00 is £1.35 and you keep £298.65, an effective rate of 0.45%.

Enter the month's total, not one trip to the machine: the allowance is monthly. The fee is taken from your balance on top of the cash, so for a withdrawal read the fee line rather than the net. Cash machine operators may add a charge of their own, which this calculator does not know.

What this guide leaves out

It covers what the pricing page publishes as a fixed figure: the starting rate for sending, receiving, card spending, ATM withdrawals, the card fee and the e-wallet top-up. It leaves out the price of a specific corridor, which only Wise's own calculator can give you; the charges for holding money and for the interest and stocks products; the fees for receiving GBP or EUR by Swift; the daily exchange rate; and business accounts, which are priced separately.

When these rates last changed

Wise's pricing pages state no effective date, so this schedule is dated from the day it was checked, 3 September 2026, and the Wise fee changelog currently holds one entry. Later changes are recorded there, and the schedule is re-verified at least every 60 days. Confidence is marked medium: Wise's help centre corroborates the structure of the fees but restates none of the commercial figures, so no second source confirms them. If a number here disagrees with what Wise shows you, report it and it will be checked against the official page.

Frequently asked questions

Is Wise cheaper than a bank?

This guide cannot answer that: Wise's fee varies by corridor, and a bank's charge is usually buried in its exchange rate. What it can tell you is the part Wise publishes — a percentage on top of the mid-market rate, from 0.24% for a UK account.

Does Wise charge the recipient?

No. The fee comes out of what you send, and the recipient is paid into local account details, which is free on the Wise side. Their own bank may charge for an incoming payment.

Where do these numbers come from?

Every figure is quoted verbatim from Wise's pricing page for the relevant country, saved as a dated snapshot and checked by a person, as the methodology sets out. The whole schedule is quoted line by line, with the verbatim source text behind every rule, in the calculator's fee table.