Does Wise have annual fee
No, Wise does not have an annual fee, and there is no monthly subscription or plan either. Wise charges only for the specific actions you use.
Opening an account, holding money in it and leaving it inactive all cost nothing. When looking at Payoneer vs Wise, the relevant point on the Wise side is that its costs come from individual transactions rather than a recurring account charge.
- Account opening: Free.
- Holding balances: Free.
- Inactivity: No inactivity fee is charged.
- Wise debit card: Getting the card involves a small one-time fee that depends on your country, for example around 7 GBP or 10 AUD, with no yearly card fee afterwards.
Fees do apply when you use certain services:
- Sending and converting money: Wise charges a small fixed fee plus a variable fee, based on the currencies involved.
- ATM withdrawals: Cash withdrawals are free up to a monthly limit that varies by region, such as 200 GBP or 400 AUD, and a low percentage fee applies above that.
- Wise Interest and Stocks: These optional features carry an annual management fee, starting around 0.26% to 0.72% depending on the fund chosen.
Card fees and withdrawal limits differ between countries, so check the Wise pricing page and Help Centre for the region where your account is held.