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Closer to Mission 0: Transfers to Europe, and from Canada, are now cheaper 🎉

On January 29th, we took a step closer to realising our mission of money without borders. All our customers sending money to Euro, and from Canadian dollar, will see the price of their transfers go down.
Better infrastructure and local partnerships let us cut out middlemen (usually, banks) and their fees. This let us drop some of our costs — and pass those savings back to you. See how much you’ll save on your next transfer 👇

What your fees pay for

Normal companies aren’t always 100% honest about their fees and profits. We believe in radical transparency. Across our business globally, this is what your fees pay for.

Our costs
  • 12% Offices and other overheads
  • 14% Operations and customer support teams
  • 18% Margin and growing Wise
  • 20% Building and improving Wise
  • 36% Banking partners and money-moving costs

We calculated this data on 2nd August 2019, and it shows the average cost of transfers across all currencies.

Our three principles

Low, and getting lower
We charge as little as possible, and we’re on a mission to drop prices until we’re eventually free.
Radically transparent
We’re honest and upfront about what things cost, we use the mid-market rate, and never hide fees.
Fair for all

You pay for what you use. No more. No less. We believe no one should pay the cost of someone else’s ‘free’.