What fees do I pay when I hold money as Interest?

When you hold your money in an interest-earning fund you pay two fees: a service fee and a fund fee. 

What’s the service fee?

The service fee is charged by Wise. We calculate it daily, based on the amount you hold as Stocks or Interest in your Balances and Jars — and we charge it on the 1st day of the following month.

We’ll always take the service fee from a Balance — we don’t charge the fee to Jars. We’ll charge the fee to your Balance that’s in the same currency. This balance can be held as Cash or Interest. 

 If you don’t have enough money in that Balance to pay the fee, we’ll take it from another one that does have money in it.

Service fee when you hold money as Interest

*Only some countries are eligible, you'll see it in the app if you are.

What’s the fund management fee?

The fund management fee is charged by the fund manager. It’s automatically reflected in the value of your investment, so you won’t see it charged to your account as a separate fee.

Fund fee when you hold money as Interest

*In the UK, BlackRock provides Wise with a rebate of 0.03% from their Fund Management Fee. Wise passes this saving on to you through a reduced service fee. 

**Only some countries are eligible, you'll see it in the app if you are.

In Singapore, Lion Global Investors Ltd provides Wise with a rebate of 0.125%. Wise passes this saving on to you through a reduced service fee.  

Are there any other fees?

You won’t pay any fees apart from the service and fund fees. 

You’ll only pay a conversion fee if you add money to your Balance or Jar and it’s in a different currency. This is the same fee we always charge for converting currencies.

Interest-earning funds are currently not available for US customers, but you might be still eligible to earn interest on your money if you live in the US.

Learn more about earning interest on your Wise account it you live in the US