Does Wise charge for international transfers

Yes, Wise charges a fee for international transfers, and that fee is shown upfront before you send any money. There are no subscriptions, so you pay only for the transfers you make.

Under the Wise pricing model, the cost of a transfer comes from a transfer fee rather than a markup on the exchange rate. Wise converts money at the live mid-market exchange rate, the same rate that appears on Google.

• Exchange rate: Wise applies the mid-market rate to the conversion and does not add a hidden margin to it.
• Fixed fee: A set amount is charged on each transfer to cover the fixed cost of processing it.
• Variable fee: A percentage of the amount being converted is added, usually starting at around 0.33% to 0.57% and going higher for some currency pairs.
• Volume discounts: Wise automatically reduces its fees on large transfers once your total transfers in a month go above the equivalent of USD 25,000.

Because the variable fee depends on the currencies involved, the total cost differs from one transfer to another. Wise offers a calculator on its website that shows the exact total cost of a transfer before you confirm it.