Wise Conversion Fees Explained
Wise (formerly TransferWise) uses the real mid-market exchange rate with no markup. Your only cost is a transparent transfer fee — a small fixed amount plus a percentage that varies by corridor. For example, sending USD to EUR costs approximately 0.57% + $1.70, making a $1,000 transfer about $7.40 compared to $45–80 at a typical bank.
How Wise Conversion Fees Work
Wise (formerly TransferWise) charges a transparent transfer fee for currency conversion instead of hiding costs in exchange rate markups. You always get the real mid-market rate — the same rate banks use between themselves — and pay a separate, clearly displayed fee that combines a small fixed amount plus a percentage of your transfer. The exact fee depends on which currency corridor you use and how you fund the transfer.
When This Applies
- ✓ Sending money to friends, family, or freelancers in another country
- ✓ Paying overseas suppliers or contractors in their local currency
- ✓ Moving money between your own accounts in different currencies
- ✓ Receiving payments from international clients using Wise local account details
When This Does NOT Apply
- ✗ Accepting credit card payments on an online store — use Stripe or PayPal instead
- ✗ Embedding a checkout button on your website for customer purchases
- ✗ Collecting recurring subscription payments from customers
Wise Fee by Corridor: How Costs Compare
Fees vary by currency corridor. High-volume routes like USD to GBP are cheapest. All estimates below are based on ACH bank debit funding — card funding costs more.
| Corridor | % Fee | Fixed Fee | Fee on $1,000 | Bank Wire (est.) |
|---|---|---|---|---|
| USD → EUR | 0.57% | $1.70 | $7.40 | ~$45–80 |
| USD → GBP | 0.41% | $1.70 | $5.80 | ~$45–80 |
| USD → INR | 0.66% | $1.70 | $8.30 | ~$45–80 |
| USD → USD | 0% | $1.50 | $1.50 | $0–25 |
Wise fees are estimates based on ACH bank debit. Bank wire estimates include typical $25–50 wire fee plus 2–3% exchange rate markup. Always check Wise's calculator for an exact quote.
Wise Fee Calculator
Enter a transfer amount to estimate Wise fees. Switch between corridors to compare costs for different currency routes. Note: these are approximate figures based on ACH bank debit funding.
Transaction Type
Current Wise US Rates
Estimated| Type | Rate | Fixed |
|---|---|---|
| USD → EUR | 0.57% | $1.70 |
| USD → GBP | 0.41% | $1.70 |
| USD → INR | 0.66% | $1.70 |
| USD Domestic | 0.0% | $1.50 |
Last verified: 2026-04-13 · Source
Wise fees vary by transfer corridor, payment method, and transfer amount. Rates shown are approximate figures for ACH bank debit — the cheapest standard method. Card-funded transfers incur higher fees. Always use Wise's calculator for an exact quote before sending.
Use reverse calculation to determine what to charge so you receive the exact amount you need after fees.
Wise Fee Structure
USD → EUR
0.57% + $ 1.70
Estimated fee for converting USD to EUR via ACH bank debit. Wise uses the mid-market rate with no markup — this transfer fee is your only cost. Actual fees may vary; always check Wise's calculator for an exact quote.
USD → GBP
0.41% + $ 1.70
Estimated fee for converting USD to GBP via ACH bank debit. The USD-GBP corridor has one of Wise's lowest percentage fees due to high volume and efficient settlement between US and UK payment networks.
USD → INR
0.66% + $ 1.70
Estimated fee for converting USD to INR via ACH bank debit. India's payment infrastructure and regulatory requirements make this corridor slightly more expensive than USD-EUR or USD-GBP.
USD Domestic
0% + $ 1.50
Fee for USD-to-USD domestic transfers. No percentage fee applies — just a flat $1.50 per transfer. Useful for sending dollars to other Wise users or US bank accounts.
Rates last verified on 2026-04-13. Source: Wise official pricing . Wise fees vary by transfer corridor, payment method, and transfer amount. Rates shown are approximate figures for ACH bank debit — the cheapest standard method. Card-funded transfers incur higher fees. Always use Wise's calculator for an exact quote before sending.
How Fees Are Triggered
- 1 Wise always uses the real mid-market exchange rate with zero markup. The mid-market rate is the midpoint between buy and sell prices on global currency markets — the same rate you see on Google or Reuters.
- 2 The transfer fee has two parts: a small fixed fee (e.g. $1.70 for USD transfers) plus a percentage that varies by corridor. For example, USD to EUR costs 0.57% + $1.70, while USD to GBP costs 0.41% + $1.70.
- 3 Your funding method affects the total cost. ACH bank debit is the cheapest standard option. Debit card and credit card funding add higher fees. The rates shown on this page are estimates based on ACH bank debit.
- 4 USD domestic transfers (USD to USD) cost a flat $1.50 with no percentage fee, making Wise one of the cheapest ways to send dollars within the US.
Common Misconceptions
Myth: Wise charges the same fee for every currency corridor
Reality: Fees vary significantly by corridor. USD to GBP costs about 0.41% + $1.70, while USD to INR costs 0.66% + $1.70. The difference comes from local payment infrastructure costs and transaction volume in each corridor. High-volume corridors like USD-GBP tend to be cheaper.
Myth: Wise is just another bank that marks up the exchange rate
Reality: Banks typically add a 2-3% markup to the exchange rate on top of their wire fee. Wise uses the real mid-market rate with zero markup. Your only cost is the transparent transfer fee. On a $1,000 transfer to Europe, this difference alone can save you $20-30.
Example Fee Calculations
| Amount | USD → EUR | USD → GBP | USD → INR | USD Domestic | ||||
|---|---|---|---|---|---|---|---|---|
| Fee | You Receive | Fee | You Receive | Fee | You Receive | Fee | You Receive | |
| $100.00 | $2.27 | $97.73 | $2.11 | $97.89 | $2.36 | $97.64 | $1.50 | $98.50 |
| $500.00 | $4.55 | $495.45 | $3.75 | $496.25 | $5.00 | $495.00 | $1.50 | $498.50 |
| $1,000.00 | $7.40 | $992.60 | $5.80 | $994.20 | $8.30 | $991.70 | $1.50 | $998.50 |
| $2,500.00 | $15.95 | $2,484.05 | $11.95 | $2,488.05 | $18.20 | $2,481.80 | $1.50 | $2,498.50 |
| $5,000.00 | $30.20 | $4,969.80 | $22.20 | $4,977.80 | $34.70 | $4,965.30 | $1.50 | $4,998.50 |
All amounts in USD. Fees calculated using current Wise rates.
How Wise Keeps Costs Low
Wise's fee model is fundamentally different from traditional banks. Instead of hiding costs inside an inflated exchange rate, Wise separates the conversion into two transparent parts: the real mid-market exchange rate (with no markup) and a clearly displayed transfer fee. This means you can see exactly how much you are paying before you send — there are no hidden charges or surprise deductions on the receiving end.
The transfer fee varies by currency corridor because Wise operates local payment networks in each country. Corridors with high transaction volume and efficient payment rails — like USD to EUR (0.57% + $1.70) or USD to GBP (0.41% + $1.70) — cost less because Wise can batch and settle transfers more efficiently. Less common corridors or those with complex regulatory requirements may cost slightly more, like USD to INR (0.66% + $1.70).
To understand why Wise is significantly cheaper, consider sending $1,000 to Europe. A typical bank charges a $25-50 wire transfer fee plus a 2-3% exchange rate markup — that is roughly $45-80 in total costs. Wise charges approximately $7.40 for the same transfer (0.57% of $1,000 = $5.70 + $1.70 fixed fee), and you get more euros because there is no rate markup. That is a savings of $38-73 on a single transfer. Always check Wise's calculator for an exact quote, as fees may vary based on your funding method and transfer amount.
Frequently Asked Questions
How much does Wise charge for currency conversion?
Wise charges a transfer fee that combines a small fixed amount plus a percentage of your transfer. For example, sending USD to EUR costs approximately 0.57% + $1.70. Crucially, Wise uses the real mid-market exchange rate with no markup — so the transfer fee is your only cost. The exact fee depends on your currency corridor, transfer amount, and how you fund the transfer (ACH bank debit is cheapest). Always check Wise's calculator for an exact quote before sending.
Is Wise cheaper than a bank for international transfers?
In most cases, significantly cheaper. For a $1,000 transfer to Europe, a typical bank charges $25-50 in wire fees plus a 2-3% exchange rate markup (an additional $20-30 hidden in the rate) — totaling roughly $45-80. Wise charges approximately $7.40 for the same transfer and gives you the real mid-market rate. That is a savings of up to $73 on a single transfer.
Is Wise the same as TransferWise?
Yes. TransferWise rebranded to Wise in March 2021. The service, fee structure, and technology are exactly the same — only the name changed. If you used TransferWise before, your account and all features carry over to Wise.
Why do Wise fees vary by corridor?
Wise operates local payment networks in each country, and the cost of moving money depends on each country's payment infrastructure, regulatory requirements, and transaction volume. High-volume corridors like USD to GBP benefit from efficient settlement and economies of scale, resulting in lower fees (0.41% + $1.70). Corridors involving countries with more complex banking regulations or lower volume may cost slightly more.
Are the fees on this page exact?
No — the fees shown are estimates based on ACH bank debit, which is the cheapest standard funding method. Your actual fee may differ based on your transfer amount, funding method (debit card and credit card cost more), and the specific corridor. Wise also occasionally adjusts pricing. Always use Wise's official calculator for an exact quote before making a transfer.
Data Source & Transparency
Fee estimates on this page are sourced from wise.com/us/pricing and were last verified on 2026-04-13. Wise fees vary by corridor, transfer amount, and funding method. The rates shown are approximate figures for ACH bank debit — the cheapest standard method. Always use Wise's official calculator for an exact quote before sending money.
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