To see exactly how much your transfer could cost, visit our pricing page. Or read on for a bit more detail on how we work the price of your transfer out.
How we work out the cost of a transfer
How much a transfer costs depends on three things — the amount you’re sending, how you pay, and the exchange rate.
The amount you’re sending: The more money you send, the more your transfer costs. That’s because the TransferWise fee is worked out as a percentage of the amount you’re sending The percentage varies from currency to currency, and you can check it on our pricing page. The exception to this is if you’re sending a small amount of money, in which case there’s a cheap, minimum fee.
How you pay: There are different ways to pay depending on the country you’re sending from. Some of these payment methods, like debit and credit cards, come with an extra fee — it’s set by your card provider or bank, not by TransferWise. You’ll see how much each payment method costs when you set up your transfer.
The exchange rate: You always get the exchange rate you’d see on Google. It’s called the mid-market rate, and it’s the one banks use to trade between themselves. Because we never mark this rate up, your recipient gets more money at the other end.
The mid-market exchange rate is always moving. So for some of our currencies, you can lock in the rate you see when you set your transfer up — and you’re guaranteed to get it, as long as you pay for your transfer in a stated timeframe (normally 24 or 48 hours). You can read more about guaranteed rates here.