Why our fees from HUF are changing

TransferWise content team
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 by 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 35,000,000 HUF become even cheaper. Amounts higher than that convert at -0.10% less.

Fast and easy transfers

Fast transfers from debit and credit cards are available at an extra 0.40% fee.

New Fees

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

Before
After
Impact @ Ft  2,000,000
EUR 0.70% min Ft 420 Ft 170 + 0.35% -49% ✯✯✯
GBP 0.70% min Ft 420 Ft 210 + 0.35% -49% ✯✯✯
USD 0.70% min Ft 420 Ft 180 + 0.40% -42% ✯✯✯
INR Ft 300 + 0.50% Ft 190 + 0.50% -1%
AED 1.00% min Ft 817 Ft 760 + 0.75% -21% ✯✯
ARS Ft 1,020 + 1.00% Ft 810 + 1.05% 4%
AUD 0.70% min Ft 415 Ft 170 + 0.40% -42% ✯✯✯
BGN 0.70% min Ft 420 Ft 160 + 0.60% -13% ✯
BDT Ft 420 + 1.50% Ft 590 + 0.50% -65% ✯✯✯
BRL 1.50% min Ft 768 Ft 430 + 1.10% -25% ✯✯
CAD 0.70% min Ft 420 Ft 120 + 0.45% -35% ✯✯✯
CHF 0.70% min Ft 420 Ft 390 + 0.35% -47% ✯✯✯
CLP Ft 0 + 1.50% Ft 1,050 + 0.95% -33% ✯✯✯
CNY 1.50% min Ft 1,023 Ft 1,790 + 0.70% -47% ✯✯✯
CZK 0.70% min Ft 420 Ft 130 + 0.40% -42% ✯✯✯
DKK 0.70% min Ft 420 Ft 320 + 0.40% -41% ✯✯✯
EGP Ft 1,000 + 0.70% Ft 770 + 0.80% 12% ☹
GEL 1.00% min Ft 223 Ft 220 + 0.75% -24% ✯✯
HKD Ft 300 + 0.50% Ft 450 + 0.50% 1%
HRK 0.70% min Ft 420 Ft 500 + 0.55% -18% ✯
IDR Ft 400 + 1.00% Ft 420 + 0.60% -39% ✯✯✯
ILS 1.00% min Ft 1,000 Ft 700 + 0.60% -37% ✯✯✯
JPY 0.70% min Ft 420 Ft 840 + 0.55% -15% ✯
KES Ft 500 + 0.70% Ft 850 + 0.70% 2%
LKR 1.00% min Ft 257 Ft 440 + 0.60% -38% ✯✯✯
MAD 1.50% min Ft 866 Ft 710 + 0.85% -41% ✯✯✯
MXN 1.00% min Ft 424 Ft 290 + 0.50% -49% ✯✯✯
MYR 0.70% min Ft 420 Ft 650 + 0.55% -17% ✯
NGN Ft 500 + 0.50% Ft 200 + 0.55% 7%
NOK 0.70% min Ft 420 Ft 260 + 0.40% -41% ✯✯✯
NPR Ft 500 + 1.00% Ft 2,540 + 0.55% -34% ✯✯✯
NZD 0.70% min Ft 420 Ft 220 + 0.40% -41% ✯✯✯
PEN Ft 0 + 1.50% Ft 1,010 + 1.10% -23% ✯✯
PHP Ft 700 + 0.90% Ft 690 + 0.55% -37% ✯✯✯
PKR 1.00% min Ft 742 Ft 660 + 0.50% -47% ✯✯✯
PLN 0.70% min Ft 420 Ft 170 + 0.40% -42% ✯✯✯
RON 1.00% min Ft 689 Ft 260 + 0.50% -49% ✯✯✯
RUB 1.50% min Ft 870 Ft 690 + 0.65% -54% ✯✯✯
SEK 0.70% min Ft 420 Ft 200 + 0.35% -49% ✯✯✯
SGD 0.70% min Ft 420 Ft 290 + 0.35% -48% ✯✯✯
THB Ft 400 + 1.00% Ft 910 + 0.55% -42% ✯✯✯
TRY 1.00% min Ft 361 Ft 510 + 0.55% -42% ✯✯✯
UAH Ft 200 + 2.50% Ft 120 + 1.40% -44% ✯✯✯
VND Ft 650 + 0.75% Ft 600 + 0.85% 12% ☹
ZAR 0.70% min Ft 420 Ft 3,140 + 0.55% 1%

TransferWise is the smart, new way to send money abroad.

Find out more