Wise review

Wise is the clearest answer to the question of what a transfer really costs. Its pricing page states that it uses the live mid-market rate and adds a small, upfront fee instead of hiding a margin in the exchange rate, which is how many banks and remittance apps make money. The sending fee varies by currency and starts at 0.23%, and the US send page advertises fees as low as 0.1% for larger amounts. A volume discount applies automatically once you send 25,000 USD or the equivalent in a month and stays on until the month resets. Some currencies let you lock in the rate for a set period. The limits are practical: recipients need a bank account or Wise account, because there is no cash pickup, and the percentage fee grows with the amount. For bank-to-bank transfers where you want to compare one number against the mid-market rate, Wise is the easiest service here to audit.

Who it is for

People who want the mid-market rate with the fee shown separately

Price

Sending fee varies by currency, from 0.23%; conversion at the mid-market rate with no markup, as listed on wise.com/us/pricing in November 2026.

Sending money Fee varies by currency From 0.23%
Quoted from the vendor pricing page on November 12, 2026.

Key features

• Conversion at the live mid-market rate with a separate upfront fee
• Sending fee from 0.23%, varying by currency
• Automatic discount once you send 25,000 USD or more in a month
• Rate lock on some currencies for a guaranteed exchange rate
• Account details to receive money in 22 currencies

Strengths and weaknesses

• Strength: Wise says it never marks up the mid-market rate, so the fee shown is the cost of the transfer
• Strength: The US send page advertises fees as low as 0.1% on larger amounts
• Strength: Same-currency transfers between Wise accounts are free
• Weakness: The fee is a percentage of the amount, so large transfers cost more in dollars
• Weakness: No cash pickup network for recipients
• Weakness: Receiving USD wire and Swift payments costs a fixed 6.11 USD per payment

Key facts

• Sending fee: From 0.23%, varies by currency
• Exchange rate: Mid-market, no markup
• Volume discount: From 25,000 USD sent per month
• Receive currencies: Account details in 22 currencies

Where it ranks

Wise is No. 1 in our Best Money Transfer Services verdict.