With Wise, you can send US dollars to bank accounts that are denominated in USD outside the US. This way, businesses who need to pay USD invoices or send money to an account outside the US can do so without using their bank.
USD is sent to bank accounts outside the US via the SWIFT payment network. This is different than a regular Wise transfer and might take a day or 2 longer. It also costs a bit more, but is still cheaper than more traditional methods of sending money overseas.
If you’re sending USD to a bank account in Hong Kong, we’ll pay out your USD locally through CHATS system.
How it works
Set up your transfer. You’ll need to add a new recipient.
Select the recipient bank account country. Even though the account’s in USD, choose the country you’re sending money to.
Add the account number and SWIFT code of the recipient’s bank account. Transferring to an email address isn’t supported yet.
Pay for your transfer. You can pay using any of the currencies we support, as well as USD. We’ll send the USD to your recipient as usual.
Your recipient may have to pay a fee to their bank when the money arrives — it’s a part of using SWIFT.
How much it costs
Wise supports sending USD to people outside of the US, but to do this we need to send your transfer via the SWIFT network.
Because SWIFT incurs additional costs, we'll add that fee to your transfer to pay for this. We charge the same fee for payments to Hong Kong through CHATS system.
Your bank or other banks the money passes through on the way may also charge you a fee, so your recipient might get less. These fees tend to be around 0–50 USD, but there’s no way for us to know what they’ll be in advance.
Protect your payment
You can pay a higher fee to protect your payment, and ensure your recipient receives the full amount. The price of the fee depends on where you're sending USD to.
This option is only available on web right now.