Wise Fees Calculator — United Kingdom Rates

Fees vary by destination currency, payment method, and transfer amount. As a rough reference, sending £1,000 to the EUR corridor via bank transfer costs in the region of £4–£6 all in, compared to a typical UK bank international transfer that might charge £20–£30 and apply a worse exchange rate. Because Wise's exact fee depends on the live quote, always use Wise's own calculator for a precise figure before you send.

Yes. Wise uses the mid-market rate — the same rate shown on Google, XE, or the Bank of England — with no markup applied to the rate itself. UK banks typically add 1–3% to the exchange rate on top of any stated transfer fee. On a £5,000 transfer, that hidden markup can amount to £50–£150 in additional cost. Wise shows its full fee upfront, and the exchange rate you see is the rate you get.

Each currency corridor has different settlement costs. Sending GBP to EUR is cheap because the GBP–EUR market is extremely liquid and Eurozone settlement infrastructure is fast and inexpensive. Sending GBP to INR is more expensive because of emerging-market compliance requirements and the cost of converting through intermediary banks. Wise passes these underlying costs through transparently rather than averaging them into a flat markup.

Yes. Wise applies reduced percentage fees for larger transfers, typically for amounts above £25,000, though the exact threshold and discount depend on the corridor and may change. The fixed fee component stays the same regardless of amount, which means it becomes proportionally less significant on larger transfers. Use Wise's calculator with your actual transfer amount to see the exact fee for your send.

UK banks typically charge a fixed international wire fee (often £15–£30) and then apply an exchange rate that is 1–3% worse than the mid-market rate. On a £2,000 transfer this hidden markup alone can cost £20–£60 on top of the stated fee. Wise charges a small transparent fee and uses the mid-market rate with no markup. For most common corridors from the UK — EUR, USD, INR — Wise will be cheaper in total cost, especially for amounts above a few hundred pounds.

Use the reverse calculator on this page. Enter the amount you want your recipient to receive, select the currency corridor, and the calculator will work out the gross GBP amount you need to send so that after Wise deducts its fee the recipient gets the target figure. This is particularly useful when paying invoices in a fixed amount — rather than sending a round number and leaving the recipient short, you can gross up the send amount to cover the fee.

Yes. TransferWise rebranded to Wise in 2021. The service, fees, and mid-market rate exchange remain the same. If you previously used TransferWise for UK transfers, your account and transfer history carried over to Wise automatically. Wise remains headquartered in London and regulated by the FCA.