Why our fees from CZK are changing

Wise

10.06.18 (updated more than 1 year ago)

2 minute read

Why are we changing fees?

When we open a currency route, we estimate how expensive it will be to operate and set the fees. As more users start using Wise, we're able to negotiate better fees from our bank partners and benefit from scale. That makes transfers cheaper. As the volumes grow on Wise, it becomes gradually cheaper and cheaper for everyone. Any of your friends still using their bank to send money?

Sometimes we're wrong in estimating the cost or realise that some types are transfers are really costly to make. Card payments are a great example. In most European countries your bank takes 0.20% from your payment as debit card interchange. Add scheme fees from Mastercard or Visa and the rest — it often turns out 2-3x more expensive to pay via card than via a direct bank transfer.

Low cost transfers

Funding your transfer from the bank is almost always the cheapest option. If you prefer low cost over speed and don't mind an extra step of making a bank transfer — choose this option.

Payments from 3,000,000 CZK become even cheaper. Amounts higher than that convert at -0.10% less.

Fast and easy transfers

Fast transfers can be sent from debit and credit cards. They are available at an extra 0.40% cost.

New Fees

See how the new fees have impacted low cost transfers from your bank.

	Before	After	Impact @ Kč  150,000
EUR	0.70% min Kč 42	Kč 20 + 0.35%	-48% ✯✯✯
GBP	0.70% min Kč 42	Kč 25 + 0.35%	-48% ✯✯✯
USD	0.70% min Kč 42	Kč 20 + 0.40%	-41% ✯✯✯
INR	Kč 12 + 0.55%	Kč 20 + 0.50%	-8%
AED	1.00% min Kč 65	Kč 65 + 0.75%	-21% ✯✯

ARS	Kč 66 + 1.00%	Kč 70 + 1.00%	0%
AUD	0.70% min Kč 33	Kč 20 + 0.35%	-48% ✯✯✯
BGN	0.70% min Kč 42	Kč 20 + 0.60%	-12% ✯
BDT	Kč 65 + 1.20%	Kč 55 + 0.50%	-57% ✯✯✯
BRL	1.50% min Kč 41	Kč 40 + 1.05%	-28% ✯✯
CAD	0.70% min Kč 42	Kč 15 + 0.40%	-41% ✯✯✯
CHF	0.70% min Kč 42	Kč 35 + 0.35%	-47% ✯✯✯
CLP	1.50% min Kč 100	Kč 90 + 0.95%	-33% ✯✯✯
CNY	1.50% min Kč 82	Kč 150 + 0.70%	-47% ✯✯✯
DKK	0.70% min Kč 42	Kč 30 + 0.35%	-47% ✯✯✯
EGP	Kč 75 + 1.00%	Kč 70 + 0.80%	-19% ✯
GEL	1.00% min Kč 18	Kč 25 + 0.75%	-23% ✯✯
HKD	Kč 10 + 0.60%	Kč 40 + 0.50%	-13% ✯
HRK	0.70% min Kč 42	Kč 45 + 0.55%	-17% ✯
HUF	0.70% min Kč 42	Kč 25 + 0.40%	-40% ✯✯✯
IDR	Kč 35 + 1.00%	Kč 40 + 0.60%	-39% ✯✯✯
ILS	1.00% min Kč 100	Kč 60 + 0.60%	-36% ✯✯✯
JPY	0.70% min Kč 42	Kč 75 + 0.55%	-14% ✯
KES	Kč 100 + 0.70%	Kč 75 + 0.70%	-2%
LKR	1.00% min Kč 21	Kč 40 + 0.60%	-37% ✯✯✯
MAD	1.50% min Kč 69	Kč 65 + 0.85%	-40% ✯✯✯
MXN	1.00% min Kč 34	Kč 30 + 0.50%	-48% ✯✯✯
MYR	0.70% min Kč 42	Kč 60 + 0.55%	-16% ✯
NGN	Kč 100 + 0.50%	Kč 20 + 0.55%	-1%
NOK	0.70% min Kč 42	Kč 25 + 0.35%	-48% ✯✯✯
NPR	Kč 40 + 1.00%	Kč 210 + 0.50%	-38% ✯✯✯
NZD	0.70% min Kč 42	Kč 25 + 0.40%	-40% ✯✯✯
PEN	1.50% min Kč 100	Kč 90 + 1.10%	-23% ✯✯
PHP	Kč 17 + 0.80%	Kč 60 + 0.55%	-27% ✯✯
PKR	1.00% min Kč 59	Kč 60 + 0.50%	-46% ✯✯✯
PLN	0.70% min Kč 42	Kč 20 + 0.40%	-41% ✯✯✯
RON	1.00% min Kč 55	Kč 25 + 0.50%	-48% ✯✯✯
RUB	1.50% min Kč 69	Kč 60 + 0.65%	-54% ✯✯✯
SEK	0.70% min Kč 42	Kč 20 + 0.35%	-48% ✯✯✯
SGD	0.70% min Kč 42	Kč 30 + 0.35%	-47% ✯✯✯
THB	Kč 35 + 1.00%	Kč 80 + 0.50%	-46% ✯✯✯
TRY	1.00% min Kč 29	Kč 45 + 0.55%	-42% ✯✯✯
UAH	Kč 15 + 2.50%	Kč 15 + 1.40%	-44% ✯✯✯
VND	Kč 40 + 0.85%	Kč 55 + 0.85%	1%
ZAR	0.70% min Kč 42	Kč 260 + 0.55%	3%

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