Question 1

How much does it cost to get a Wise account?

Accepted Answer

It's free to set up your Wise account.

It's free to get your international bank details and free to receive money using those bank details.

There's a cheap, transparent fee to convert between currencies - either in your account or if you spend on your Wise debit Mastercard® in a currency you don't have in your account.

When you convert money in your account it's always with the real exchange rate, and you always see our low, transparent fee up front so there's never any surprises. And if you spend on your debit Mastercard in a currency you don't have, it autoconverts the balance with the lowest fee, so you never have to worry.

[Read more about pricing] (https://wise.com/gb/borderless/pricing)

Question 2

How much are the currency conversion fees?

Accepted Answer

We charge a fee to convert money between currencies in your account. It varies from currency to currency. We recently changed the way we work out those fees. The easiest way to understand your conversion fees is to visit our price checker.

You'll always see these fees upfront in your account, so there are no nasty surprises. And you're guaranteed the mid-market exchange rate — like the one you see on Google.

Check the latest fees

Question 3

How much does it cost to transfer money to another bank account?

Accepted Answer

There's a small fixed fee to withdraw funds from your Wise account to another account in the same currency. The fee we charge to send money depends on the currency you're sending from.

This is the lowest we can charge to cover costs, and we're committed to getting the fee down over time.

[See same currency transfer fee by currency] (https://wise.com/help/article/2888782/borderless-account/how-much-does-it-cost-to-send-or-withdraw-money-to-a-bank-account)

Question 4

How do you keep my money safe?

Accepted Answer

We're required by law to keep your money safe by storing it in a low-risk financial institution - in Europe this is in our UK account with Barclays, in the US this is in our US account with Wells Fargo.

These accounts are reserved for customer money, this means your money is kept in a separate account from the money we use to run the business.

In the unlikely event Wise ceased to exist, your money would be paid back from this account, ie from Barclays or Wells Fargo, however it is not covered by the Financial Services Compensation Scheme (FSCS) and therefore is deposited at your own risk. You also cannot earn interest on the money in your Wise account.

Millions of customers trust Wise with their money. We move over £4 billion every month, and we take the safety and security of your money seriously.

The Wise debit Mastercard is issued by TransferWise Ltd under license by Mastercard International Inc. Mastercard is a registered trademark, and the circles design on the card is a trademark of Mastercard International Incorporated.

A multi-currency account for travellers, expats and freelancers

What is the Wise foreign currency account?

Your easy alternative to a bank account abroad.

Send money for less

Convert 50+ currencies

Open an account in seconds

Get paid like a local

Get your Wise debit Mastercard®.

Zero foreign transaction fees

Free ATM withdrawals worldwide

Auto-convert any currency

Easy-to-use app

The Wise account in 90 seconds.

Easy online setup.

I use it to pay my son’s tuition fees, my mortgage and spending abroad

Gavin, father & business-owner

See our coverage

Get these local account details

GBPBritish Pound

EUREuro

USDUS Dollar

AUDAustralian Dollar

NZDNew Zealand Dollar

SGDSingapore Dollar

RONRomanian Leu

CADCanadian Dollar

HUFHungarian Forint

TRYTurkish Lira

Hold and convert money

Send money to 73 countries

Wise financial regulation

FAQs

Bye bye bank fees, hello world