How much does Wise charge

Wise charges no monthly subscription or flat plan fee; you pay per use, mainly a small variable fee on transfers at the mid-market rate with no markup.

The rate Wise uses is the same mid-market rate shown on Google, and the fee is displayed upfront before you confirm. What you actually pay depends on which Wise features you use, so it helps to look at Wise pricing by activity.

• Sending and converting: On major routes such as USD to EUR or GBP, the variable fee can begin at about 0.23% to 0.45% when funded by bank transfer. Other routes usually fall between 0.5% and 2.0%.
• Funding method: Paying for a transfer by ACH or a domestic bank transfer costs the least. Debit and credit card funding adds third-party processing fees on top of the Wise fee.
• Volume discount: Once you send more than 25,000 USD or the equivalent in a month, Wise automatically reduces the variable fee for the rest of that month.
• Receiving local payments: Domestic, non-SWIFT payments into your Wise account details in currencies such as USD, GBP, EUR, CAD and AUD are free.
• Receiving wires: A USD wire or an international SWIFT payment costs a flat 6.11 USD per transaction.
• Holding balances: Keeping money in multiple currencies in a Wise account is free.
• Debit card: A physical card has a one-time fee of 9 USD, or 7 GBP or 7 EUR depending on region, with no recurring card fee. Spending a currency you already hold is free.
• ATM withdrawals: Two withdrawals per month up to 250 USD combined (200 GBP or 250 EUR) are free. Beyond that, Wise charges 1.95 USD plus 1.95% of the amount.

Costs work differently for Indian exporters and freelancers who use a Wise Business account to receive foreign currency and convert it to INR. The conversion fee rises with invoice size to roughly 1.6% to 1.8%, 18% GST is added to that fee, and each eFIRC certificate costs a flat 2.00 to 2.50 USD, taking the overall cost of receiving business payments to about 2%.

To estimate your own cost, note the currency pair, the amount, how you will fund the transfer and whether you hold a personal or business account.