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). Additional payment fees, such as credit card fees or any additional banking fees, will be applied if the total amount (including the payment fee) is greater than the discount we give you.