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How does a free transfer work?

If you've been invited by another TransferWise user to use us, you'll receive a discount for your first transfer. This will either remove or reduce the fee on your first transfer.

How they work: Free transfers are single use, and are always automatically used on the next standard payment you make with us. You'll normally be notified in your invitation e-mail how much the discount will be.

Free transfers are only applied to transfers where you're sending money, whether it's a normal payment or payment to a specific amount.

What does the discount apply to?

The free transfer is applied to the normal TransferWise fees that you see when you first start creating a transfer (usually 0.5%, 0.7%, 1% etc. of the amount you're sending). This means that any additional fees, such as credit card fees or any additional banking fees, are not covered by the discount.

Please note - Free transfers will normally be re-assigned to your profile if you cancel the transfer to which they were applied. This is not always the case though, so please be aware that if you create a transfer with a free transfer applied, you may lose this if you decide to cancel.

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