We don't charge any fees for holding large amounts of EUR on your account. The only exception is if you have an Australian address.
Learn more about fees when you live in Australia.
I was charged a EUR holding fee in August 2022
From December 2020 to August 2022, we charged a fee for holding large amounts of EUR. This was introduced because of negative interest rates in the Eurozone. In August 2022, we completely removed this charge.
If you were charged on the 1st of August, this was to cover the holding fee for the previous month. The fee was calculated based on the amount of EUR you held over the free allowance in July. The thresholds were:
up to 3,000 EUR for free for personal customers.
up to 30,000 EUR for free for business customers.
Anything above the free allowance had a 0.9% annual fee charged on a monthly basis. You can check the table below to see the old fees:
| Time holding 1,000 EUR more than your free allowance | How much it costs |
|---|---|
| One day | 0.02 EUR |
| 30 days | 0.74 EUR |
| One year | 9.01 EUR |
What if I'm holding money as stocks?
If you hold any EUR as stocks, you won't be charged any fees. As of now, holding money as stocks in your Wise account is available for customers based in the UK.