Summary of fee changes: Major routes got cheaper but some fees are up
We have been changing our fees on Wise over the last months. Some of you benefited as a lot of routes got cheaper, but you would have seen an increase in some...
Every day, people who send money to Russia with Wise say goodbye to expensive bank fees and horrible exchange rates. We love helping our customers to save money, but we knew that we were far from our objective of instant transfers.
Sending money to Russia with Wise has been quite slow. The majority of transfers only reached the recipient’s account 2 days after the transfer was set up. Our mission is to bring instant payments everywhere, so we knew we could do better in Russia.
We are really happy to announce that our efforts have already made a huge impact. Half of all RUB payments are sent to cards, which used to take at least a day to deliver. Now, it only takes seconds, or a few minutes at most, to pay out Russian ruble to cards.
At Wise, we aim to bring our little revolution to every corner of the world. We work hard on creating a borderless world where people can move their money instantly, conveniently, transparently, and eventually for free. We know it won’t be easy, but we are determined to make it happen.
We work towards this borderless world in a team with over 70 nationalities. For example, 24/7 instant RUB payouts to cards were made possible by this team of borderless humans:
From left to right:
We know that we’re not there yet, but our team continues to work hard to reach our mission — so payments to Russia can be faster, cheaper and more convenient for you.
Onwards!
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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