Why our fees from HUF are changing

Wise

10.06.18 (updated more than 1 year ago)

2 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 Wise we're able to negotiate better fees from our bank partners and benefit from scale. That makes transfers cheaper. As the volumes grow on Wise, 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%

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.