Does Wise charge transfer fees

Yes, Wise charges transfer fees, in the form of a small upfront fee when you send money, and it converts currency at the mid-market exchange rate with no hidden markup.

Under Wise pricing, there are no subscriptions or plans, so you only pay for what you actually use. The fee for sending money is made up of a few parts.

• Variable fee: Wise charges a percentage of the transfer amount that depends on the currencies being exchanged and sent, often starting at about 0.23% to 0.33%.
• Fixed fee: Some payment methods and currency routes add a small fixed base fee to each Wise transfer.
• Mid-market rate: Wise converts at the live mid-market rate instead of hiding extra charges inside the exchange rate, as many banks and other providers do.
• Upfront total: Wise displays the full fee for a transfer before you confirm it.

Wise also says it offers discounts on fees for sending money.

Receiving money into India through Wise is priced differently, with a conversion fee of roughly 1.6% to 1.7% of the amount received plus a $2 e-FIRC fee per transaction.

Because the Wise fee changes with the currency pair and payment method, check the exact total shown on the transfer screen before you send.