Why our fees from CZK are changing

10.06.18
3 minute read

Why are we changing fees?

When we open a currency route, we estimate how expensive it will be to operate and set the fees. As more users start using TransferWise, we're able to negotiate better fees from our bank partners and benefit from scale. That makes transfers cheaper. As the volumes grow on TransferWise, it becomes gradually cheaper and cheaper for everyone. Any of your friends still using their bank to send money?

Sometimes we're wrong in estimating the cost or realise that some types are transfers are really costly to make. Card payments are a great example. In most European countries your bank takes 0.20% from your payment as debit card interchange. Add scheme fees from Mastercard or Visa and the rest — it often turns out 2-3x more expensive to pay via card than via a direct bank transfer.

Low cost transfers

Funding your transfer from the bank is almost always the cheapest option. If you prefer low cost over speed and don't mind an extra step of making a bank transfer — choose this option.

Payments from 3,000,000 CZK become even cheaper. Amounts higher than that convert at -0.10% less.

Fast and easy transfers

Fast transfers can be sent from debit and credit cards. They are available at an extra 0.40% cost.

New Fees

See how the new fees have impacted low cost transfers from your bank.

Before
After
Impact @ Kč  150,000
EUR 0.70% min Kč 42 Kč 20 + 0.35% -48% ✯✯✯
GBP 0.70% min Kč 42 Kč 25 + 0.35% -48% ✯✯✯
USD 0.70% min Kč 42 Kč 20 + 0.40% -41% ✯✯✯
INR Kč 12 + 0.55% Kč 20 + 0.50% -8%
AED 1.00% min Kč 65 Kč 65 + 0.75% -21% ✯✯
ARS Kč 66 + 1.00% Kč 70 + 1.00% 0%
AUD 0.70% min Kč 33 Kč 20 + 0.35% -48% ✯✯✯
BGN 0.70% min Kč 42 Kč 20 + 0.60% -12% ✯
BDT Kč 65 + 1.20% Kč 55 + 0.50% -57% ✯✯✯
BRL 1.50% min Kč 41 Kč 40 + 1.05% -28% ✯✯
CAD 0.70% min Kč 42 Kč 15 + 0.40% -41% ✯✯✯
CHF 0.70% min Kč 42 Kč 35 + 0.35% -47% ✯✯✯
CLP 1.50% min Kč 100 Kč 90 + 0.95% -33% ✯✯✯
CNY 1.50% min Kč 82 Kč 150 + 0.70% -47% ✯✯✯
DKK 0.70% min Kč 42 Kč 30 + 0.35% -47% ✯✯✯
EGP Kč 75 + 1.00% Kč 70 + 0.80% -19% ✯
GEL 1.00% min Kč 18 Kč 25 + 0.75% -23% ✯✯
HKD Kč 10 + 0.60% Kč 40 + 0.50% -13% ✯
HRK 0.70% min Kč 42 Kč 45 + 0.55% -17% ✯
HUF 0.70% min Kč 42 Kč 25 + 0.40% -40% ✯✯✯
IDR Kč 35 + 1.00% Kč 40 + 0.60% -39% ✯✯✯
ILS 1.00% min Kč 100 Kč 60 + 0.60% -36% ✯✯✯
JPY 0.70% min Kč 42 Kč 75 + 0.55% -14% ✯
KES Kč 100 + 0.70% Kč 75 + 0.70% -2%
LKR 1.00% min Kč 21 Kč 40 + 0.60% -37% ✯✯✯
MAD 1.50% min Kč 69 Kč 65 + 0.85% -40% ✯✯✯
MXN 1.00% min Kč 34 Kč 30 + 0.50% -48% ✯✯✯
MYR 0.70% min Kč 42 Kč 60 + 0.55% -16% ✯
NGN Kč 100 + 0.50% Kč 20 + 0.55% -1%
NOK 0.70% min Kč 42 Kč 25 + 0.35% -48% ✯✯✯
NPR Kč 40 + 1.00% Kč 210 + 0.50% -38% ✯✯✯
NZD 0.70% min Kč 42 Kč 25 + 0.40% -40% ✯✯✯
PEN 1.50% min Kč 100 Kč 90 + 1.10% -23% ✯✯
PHP Kč 17 + 0.80% Kč 60 + 0.55% -27% ✯✯
PKR 1.00% min Kč 59 Kč 60 + 0.50% -46% ✯✯✯
PLN 0.70% min Kč 42 Kč 20 + 0.40% -41% ✯✯✯
RON 1.00% min Kč 55 Kč 25 + 0.50% -48% ✯✯✯
RUB 1.50% min Kč 69 Kč 60 + 0.65% -54% ✯✯✯
SEK 0.70% min Kč 42 Kč 20 + 0.35% -48% ✯✯✯
SGD 0.70% min Kč 42 Kč 30 + 0.35% -47% ✯✯✯
THB Kč 35 + 1.00% Kč 80 + 0.50% -46% ✯✯✯
TRY 1.00% min Kč 29 Kč 45 + 0.55% -42% ✯✯✯
UAH Kč 15 + 2.50% Kč 15 + 1.40% -44% ✯✯✯
VND Kč 40 + 0.85% Kč 55 + 0.85% 1%
ZAR 0.70% min Kč 42 Kč 260 + 0.55% 3%

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