1. Pay-In FeeThe cost to bring your money into Wise. ACH/Bank Debit is usually cheapest (or free). Credit Cards are the most expensive.
2. Conversion FeeThe cost to convert currencies. This varies by route. Major pairs (USD → EUR) have low fees (~0.35%), while exotic currencies cost more.
The Exchange Rate
Mid-Market RateUnlike traditional banks, Wise does not hide fees in the exchange rate markup. You get the real mid-market rate (the one you see on Google).
Rate GuaranteeWise often locks in your exchange rate for a guaranteed period (usually 24 to 96 hours) to protect against volatility while your funds clear.
The Wise Fee Calculator helps you estimate the cost of sending money internationally, converting currencies, and transferring funds to another bank account. Whether you're sending money abroad for personal expenses, paying an overseas supplier, or transferring funds between countries, understanding Wise fees can help you plan your transaction more accurately.
Wise is known for transparent pricing and for using the mid-market exchange rate rather than adding a markup. However, the fee you pay depends on the currencies involved, the amount you send, and how you fund the transfer.
This guide explains how Wise fees work, the formulas used to estimate them, practical examples of calculations, and ways to reduce your transfer costs.
What Is a Wise Fee Calculator?
A Wise Fee Calculator estimates the fees associated with a money transfer or currency conversion. It helps you determine how much you'll pay, how much the recipient may receive, and the effective cost of your transaction.
You can use it to:
Estimate fees for international money transfers.
Calculate currency conversion costs.
Compare bank transfer and card payment methods.
Determine the amount remaining after fees.
Estimate how much a recipient will receive in another currency.
Compare the total cost of different transfer options.
Wise fees are transaction-specific, so the calculator provides a useful estimate rather than a guaranteed quote. For the exact fee, use the official Wise pricing calculator for your sending country and destination currency.
How Much Does Wise Charge?
Wise does not apply one universal fee to every transfer. Its pricing generally depends on the amount being sent, the sending and receiving currencies, and the selected payment method.
Service
Typical fee structure
International money transfer
Fixed fee plus a variable fee in many cases
Currency conversion
Currency-specific conversion fee
Bank-funded transfer
Often among the lower-cost funding options
Debit or credit card funding
May cost more than a bank transfer
Same-currency transfer between Wise accounts
Generally free for eligible currencies and transactions
Large transfers
May qualify for automatic volume discounts
Receiving money
Depends on the currency and payment method
Wise advertises transfer fees starting from 0.33% on its pricing pages, but this is not a guaranteed rate for every currency route. The actual fee may be higher or lower depending on your transaction. See the official Wise Fees and Pricing page for current pricing.
Wise Fee Calculator Formula
Wise may use a fixed fee, a variable percentage, and additional charges depending on the transaction. A simplified formula can help estimate the total.
Total Wise Fee = Fixed Fee + Variable Fee + Other Applicable Charges − Discounts
This example excludes any additional charges that may apply to the recipient's bank. The actual exchange rate and fee should be checked in Wise before confirming the transfer.
How to Calculate Wise Transfer Fees
1. Enter the Transfer Amount
Start with the amount you intend to send. You can usually choose whether to enter the amount you want to pay or the amount the recipient should receive.
These options produce different calculations because Wise may deduct its fee from the amount paid or calculate the total required to deliver a specific amount.
2. Select the Sending and Receiving Currencies
Choose the currency you're paying with and the currency the recipient will receive. For example, you might send Indian rupees (INR) and deliver US dollars (USD), or send US dollars and deliver euros (EUR).
Different currency routes can have different fees and payment options.
3. Choose Your Payment Method
Depending on your location and transfer, Wise may offer bank transfers, debit cards, credit cards, or other local payment methods.
Compare the displayed fee and delivery estimate for each available option. Bank transfers are often cheaper, but availability and pricing depend on the route.
4. Calculate the Fee
For a simplified calculation, add the fixed fee to the percentage-based fee and any other applicable charges.
Use the actual fee shown by Wise whenever possible instead of assuming a standard percentage.
5. Calculate the Final Amount
Subtract the fee from the amount paid if the fee is deducted upfront, then multiply the amount converted by the quoted exchange rate.
Wise displays the total fee, exchange rate, recipient amount, and estimated delivery time before you confirm a transfer.
Wise Fee Calculation Examples
The following examples illustrate how the calculation works. The rates and fees are hypothetical and should not be treated as current Wise prices.
Example
Amount
Assumed fee
Amount after fee
Small transfer
$100
$2.50
$97.50
Medium transfer
$500
$5.00
$495.00
Larger transfer
$1,000
$8.00
$992.00
Business payment
$5,000
$25.00
$4,975.00
These examples assume the fee is deducted from the amount entered. Your actual Wise fee depends on the currencies, payment method, and quote available for your transaction.
Wise Fees for International Transfers
International transfers involve more than just a transaction fee. The exchange rate determines how much foreign currency the recipient receives.
Wise states that it uses the mid-market exchange rate and charges a separate, transparent fee. This helps users see the exchange rate and transfer cost independently.
Consider a hypothetical example:
Amount paid: $1,000
Wise fee: $8
Amount converted: $992
Exchange rate: 1 USD = 0.92 EUR
Amount Converted = $1,000 − $8 = $992
Recipient Amount = $992 × 0.92 = €912.64
The recipient would receive an estimated €912.64 before any separate receiving-bank charges. Actual Wise quotes may differ.
Wise Fee Calculator vs. Bank Transfer Fees
Wise and traditional banks may structure their international transfer costs differently.
Feature
Wise
Traditional bank
Transfer fee
Displayed before confirmation
May include transfer and intermediary fees
Exchange rate
Uses the mid-market rate
May include an exchange-rate markup
Payment methods
Depends on country and currency
Depends on the bank
Delivery time
Depends on route and payment method
Depends on the bank and transfer network
Intermediary charges
May apply to certain transfers
May apply to international wire transfers
Cost transparency
Fees and exchange rate shown upfront
Total cost may be harder to estimate
The lowest-cost option depends on the particular transfer. Compare the final amount received rather than relying only on advertised fees.
Frequently Asked Questions
How do I calculate Wise fees?
A simplified estimate is the fixed fee plus the variable percentage fee, adjusted for any other charges or discounts.
Formula: Total Wise Fee = Fixed Fee + Variable Fee + Other Charges − Discounts.
For an exact quote, enter your currencies and amount in Wise's official pricing calculator.