Wise Fee Calculator
Estimate what Wise deducts before your international transfer lands.
Introduction
Wise (formerly TransferWise) built its reputation on transparent international transfers with fees tied closely to real exchange rates. Unlike traditional banks that hide margin in the spread, Wise typically charges a small percentage plus minimal fixed cost on many routes.
Freelancers receiving client payments abroad and businesses paying overseas suppliers both need to know the landed amount — not just the send figure on the transfer screen.
This Wise fee calculator models the percentage-based charge on your transfer amount. Adjust rates to reflect your specific currency corridor, then see net received and the send amount required for a target payout.
How it works
- 1
Enter the transfer or payment amount in your chosen currency.
- 2
Set the Wise fee percentage for your route. Many transfers fall between 0.35% and 0.65%.
- 3
Leave the fixed fee at zero unless your corridor includes a flat charge.
- 4
Select country defaults for common corridors, then fine-tune manually if your rate differs.
Formula
Wise fees on many routes combine a transparent percentage with optional fixed components.
Forward calculation
Transfer Fee = (Amount × Fee %) + Fixed FeeReverse calculation
Send Amount = (Target Receive + Fixed Fee) ÷ (1 − Fee % ÷ 100)Worked examples
$1,000 USD to EUR transfer
A consultant sends $1,000 to a contractor in Europe via Wise.
- Amount: $1,000
- Fee: 0.43%
- Transfer fee: $4.30
Recipient receives approximately $995.70 worth of euros at the mid-market rate.
£500 UK outbound payment
A UK agency pays a supplier £500 through Wise Business.
- Amount: £500
- Fee: 0.35%
- Transfer fee: £1.75
Net after fee: £498.25 before any recipient-side charges.
Benefits of using this Wise fee tool
- Budget international contractor payments with fee visibility upfront.
- Compare Wise against bank wire costs on the same transfer amount.
- Quote clients in local currency while understanding your send-side deduction.
- Plan batch payouts without surprise shortfalls on the receiving end.
Common mistakes
Confusing exchange rate margin with transfer fee
Wise often shows fees separately from the rate. The calculator covers stated fees — verify the live rate on Wise before large transfers.
Using personal rates for business volumes
Wise Business may offer different pricing on high-volume routes. Update the percentage field to match your account quote.
Ignoring recipient bank incoming fees
Some receiving banks charge to accept international transfers. That cost sits outside Wise's fee but affects the final landed amount.
Frequently asked questions
How much does Wise charge per transfer?
Fees vary by currency route and transfer size. Many popular corridors charge roughly 0.35% to 0.65% with no hidden exchange markup on the mid-market rate.
Is Wise cheaper than PayPal for international payments?
For cross-border transfers, Wise often costs less than PayPal's conversion markup plus processing fee. Compare both tools using your typical transfer amount.
Does Wise charge a fixed fee?
Some routes include a small fixed component. Set the fixed fee field if your Wise quote shows one; otherwise leave it at zero.
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Conclusion
Wise keeps international fees relatively transparent, but the exact percentage still shifts by corridor. Run your typical transfer through this calculator, then confirm against Wise's live quote before sending.
