Does Wise have hidden fees
No, Wise does not have hidden fees. It converts money at the real mid-market exchange rate with no markup added, and shows its charges before you send.
Many traditional banks build extra cost into a weaker exchange rate. Wise instead uses the live rate you would see on Google and lists its own fee separately, so the full cost of a conversion or transfer is visible upfront. There are also no subscriptions, plans, or monthly or yearly account maintenance charges. You pay only for the services you actually use.
No hidden fees does not mean everything is free. Depending on how you use the account, you may still see clearly stated charges such as these:
- Conversion and transfer fee: A variable fee applies when you convert currency or send money, and it is shown before you confirm the transaction.
- ATM withdrawals: A small number of free withdrawals is allowed each month, after which a fixed fee plus a percentage fee applies.
- Debit card: In most regions, ordering the physical Wise debit card involves a one-time fee.
- Correspondent bank charges: Intermediary banks on a SWIFT or wire transfer can sometimes take their own fee, which Wise does not control.
- Local taxes: In some countries, tax is added on top of the listed fee, for example GST in India.
Fees differ by country and currency pair, so the Wise pricing page for your region is the place to confirm the exact amount before you convert or send money.
For payments received in India, Wise fees have two visible parts: a conversion fee, typically around 1.6 to 1.7% of the amount received, and a $2 e-FIRC fee per transfer.