What are the fees for transferring money on TransferWise?

Wise, formerly known as TransferWise, is well-regarded for its transparent fee structure when it comes to transferring money internationally. The fees associated with transferring money using Wise vary depending on several factors, including the currencies involved, the amount being transferred, and the payment method chosen. Generally, Wise charges a small percentage of the total amount being sent, along with a fixed fee that may depend on the currency. For example, when sending money via bank transfer, the fees may be lower compared to using a credit or debit card, which could incur higher fees due to the processing costs associated with those payment methods. Wise also prides itself on showing the exact fees upfront, which allows users to know the total cost before making a transfer. Additionally, while the fees are usually competitive compared to traditional banks and other money transfer services, it is advisable for users to check Wise's official website for the most current fee information, as these can fluctuate based on market conditions and promotions. This ensures that users have the most accurate and updated details at their fingertips.