Does Wise charge a fee?
Yes, Wise charges a fee for its services. The fee structure depends on several factors, including:
Amount being transferred: Higher amounts may incur larger fees, but Wise typically offers lower fees compared to traditional banks.
Currencies involved: Fees vary based on the currencies being exchanged.
Payment method: Different payment methods (like bank transfer, debit card, or credit card) can have varying fee structures. For instance, using a debit or credit card may incur higher fees compared to bank transfers.
Speed of transfer: Some faster transfer options may come with additional fees.
Wise provides transparency by showing the fee breakdown before you complete a transfer. You can always check their fee calculator on their website to know the exact costs for a specific transfer.