Temporary changes to our guaranteed rates for sending money
Send money from your Wise currency balance to make sure your recipient gets the exact amount. Use Wise balances when you send money to make sure your...
On 1st August, we removed the fee to hold larger amounts of euros in your Wise account.
Until recently, the European Central Bank was charging negative interest rates. This meant it cost financial institutions like Wise money to hold euro on behalf of customers.
We always charge the lowest amount possible, but as a result of the negative interest rate, we had to cover the costs for holding euros. As it’s fairest to only charge those holding euros, we introduced a small annual fee above a certain limit 1 .
As of 27th July, the European Central Bank raised interest rates to 0%. This means it no longer costs us money to hold EUR for our customers — so we removed the fee on 1st August for everyone except customers based in Australia 2 .
This is in line with our mission to keep our fees as low as possible and pass savings on to customers whenever we can. We'll continue to work hard and help you save even more.
This limit was 15.000 EUR for personal customers and 75.000 EUR for business customers until April 2022 and lowered to 3.000 EUR for personal customers and 30.000 EUR for business customers after May 2022 until 31 July.
A holding fee for Euro still exists for customers based in Australia, fees and limit can be found here.
Send money from your Wise currency balance to make sure your recipient gets the exact amount. Use Wise balances when you send money to make sure your...
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