Wise Fees Explained
Wise promises fair prices and no hidden fees. It works on the Pay As You Go model, which means that you only pay for the services that you use. There are no subscription, monthly, or annual charges.
To send money with Wise, you will be charged a small percentage of the total money you are sending. While the Wise transfer fee varies by currency, it can start from 0.41%. Wise allows you to hold up to 50 currencies in your account and will only ever charge you one fee per currency, no matter how often you send or receive money in that particular currency.
For example, if you are sending USD from the United States to Mexico, the Wise transfer fee would be 0.41%. However, if you were to also send EUR from Europe to Australia, the Wise transfer fee for that transaction would be 0.48%.
Moreover, if you are receiving USD wire payments, there is a fixed transfer Wise fee per payment of US$4.14.
With that being said, Wise transfer fees depend on the type of currency the recipient will get, the amount being sent, and the payment method, never on the Wise transfer limits.