Wise
Wise (formerly TransferWise) is a platform for international money transfers and holding multiple currencies in one account, known for using the real mid-market exchange rate and charging transparent fees instead of markups hidden in the exchange rate. Transfer and conversion fees start from 0.24%, varying by currency pair and amount.
Facts checked on against the sources listed at the end of this page.
- Pricing
- Pay as you goPaid from 0.24% per transfer or conversion
- Open source
- NoProprietary
A good fit for
- Individuals sending money internationally who want the real exchange rate instead of a hidden markup
- People or businesses holding and spending money in multiple currencies
- Freelancers and businesses needing local account details to receive payments like a local business
- Travelers wanting to avoid foreign transaction fees with a linked debit card
Not a good fit for
- Domestic-only payment needs where a simpler local payment tool would work fine
- Businesses needing full payment processing (accepting customer card payments), since Wise is focused on transfers and multi-currency accounts rather than merchant checkout
- Very large enterprise treasury operations needing dedicated banking relationships beyond what Wise Business offers
Wise pricing
There's no monthly account fee for personal accounts. Transfer and conversion fees start from 0.24% and vary depending on the currency pair, transfer amount and payment method used. Wise Business has its own fee schedule for business features like batch payments and local account details.
| Plan | Price | What you get |
|---|---|---|
| Personal account | From 0.24% per transfer/conversion | Multi-currency balances, mid-market exchange rate, Wise debit card. |
| Wise Business | From 0.24% per transfer/conversion, plus business fees | Batch payments, invoicing, local account details in supported countries. |
Prices in USD, checked on 27 September 2026. Current prices on wise.com.
Main features
- Mid-market exchange rate
- Currency conversion uses the real market rate rather than a marked-up rate.
- Multi-currency account
- Hold and convert balances across dozens of currencies in one account.
- Wise debit card
- Spend in local currency abroad without traditional foreign transaction fees.
- Wise Business
- Batch payments, invoicing and local account details for businesses receiving international payments.
- Transparent fees
- Fees are disclosed upfront per transfer rather than hidden in the exchange rate.
About Wise
Wise lets individuals and businesses send money internationally and hold balances in multiple currencies, using the real mid-market exchange rate rather than adding a hidden markup, and charging a transparent, disclosed fee instead.
A Wise account can hold, convert and spend in dozens of currencies, with a linked debit card for spending abroad without traditional foreign transaction fees, making it useful for both personal international transfers and business cross-border payments.
Wise Business extends the same low-fee international transfer model to companies, adding batch payments, invoicing and multi-currency account details (like local account numbers in supported countries) for receiving payments as a local business would.
- Made by
- Wise
- Free plan
- No monthly account fee for personal accounts; fees apply per transfer
- Available on
- Web, iOS, Android, API, Wise Business, Debit card
Wise alternatives
Questions about Wise
Does Wise charge a monthly fee?
No, personal accounts have no monthly account fee; fees are charged per transfer or conversion.
How much does Wise charge to send money?
Fees start from 0.24% per transfer or conversion, varying by currency pair, amount and payment method.
What exchange rate does Wise use?
The real mid-market exchange rate, without the markup many banks and transfer services add.
Can businesses use Wise?
Yes, Wise Business offers batch payments, invoicing and local account details for receiving international payments.
Sources and links
Work on Wise? Claim this listing. Something wrong or out of date? Suggest a correction. Stats come from the public GitHub and npm APIs and update every day.