We've lowered our fees to send money to IDR, MYR, PHP, and PKR 🎉

Piyush Varanjani
04.02.20
2 minute read

Last month, we dropped our fees to send money to IDR, MYR, PKR, and PHP.

We’ve done this because it’s the right thing to do. When people and businesses switch to TransferWise, we get closer to achieving our mission of money without borders: instant, convenient, transparent, and eventually free. That means that we can pass the savings on to you.

Our fees have gone down by up to 37%

We’ve already dropped our fees, this means you can already send more for less, no matter what amount you send to IDR, MYR, PKR or PHP.

For reference, here are the fees to send 1000 GBP to Indonesia (IDR), Malaysia (MYR), Pakistan (PKR), and Philippines (PHP).

New fees

Send £1,000 toOld feeNew fee
Pakistan (PKR)£ 14.54£ 9.04⬇️ 37%
Indonesia (IDR)£ 6.41£ 5.24⬇️ 18%
Malaysia (MYR)£ 6.86£ 5.60⬇️ 18%
Philippines (PHP)£ 5.66£ 5.20⬇️ 8%

(The old and new fees are based on the exchange rate on 4th Feb, 2020)

You can log in to use the calculator or check our pricing page to see how the changes will affect the transfers you make.

2. Why fees are going down

When we opened for business, we based our fees on how much transfers cost us to process.
Since then, we’ve gained a lot of customers, and they've driven our costs down on many transfer amounts and routes. At the same time, we've gotten better at what we do, and that's brought our costs down too.
We’ve used those savings to lower our fees where we can, which means most of you will be able to send money for even less.

Happy transferring.

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

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