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How does a transfer discount 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. You can see this indicated as a 'Free transfers' under the Send Money button when you are logged in to your TransferWise profile.

How they work:

Transfer discounts are single use, and are always automatically used on the next standard payment you make with us. You'll be notified in your invitation e-mail how much the discount will be.

Please note, these discounts are only applied to transfers where you are sending money, whether it's a normal payment or payment to a locked amount.
 

 

What does the discount apply to?

The transfer discount is applied to the normal TransferWise fees that you see in the calculator 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 from us or any additional banking fees, are not covered by the discount.

Please note - Transfer discounts 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 discount, you may lose this discount if you decide to cancel.

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