Question 1

How much does Wise charge to send money?

Accepted Answer

Wise charges a small fixed fee plus a percentage of the amount (usually 0.3-0.5%). For example, sending $500 from the US to Nigeria costs about $5.50 in fees. The exact fee depends on the amount and destination country.

Question 2

Does Wise use the real exchange rate?

Accepted Answer

Yes, Wise uses the real mid-market exchange rate with no hidden markup. This is different from banks and other providers who add a margin of 2-5% to the exchange rate, making transfers more expensive.

Question 3

How long does a Wise transfer take?

Accepted Answer

Wise transfers typically take 0-2 business days. Many transfers are completed within 24 hours. The exact time depends on the countries and currencies involved, as well as verification requirements.

Question 4

Is Wise cheaper than Western Union?

Accepted Answer

Wise is often 3-5x cheaper than Western Union for international transfers. While Western Union charges higher fees and adds a 3-4% markup to exchange rates, Wise uses the real mid-market rate and charges lower fees.

Question 5

What is the maximum amount I can send with Wise?

Accepted Answer

Wise allows transfers up to $1,000,000 USD per transaction for most destinations. However, limits vary by country and payment method. Bank transfers typically have higher limits than card payments.

Wise Fee Calculator - Calculate Your Transfer Costs

Calculate Your Transfer

Why Choose Wise?

Key Features:

✅ Pros:

❌ Cons:

Compare Wise Rates by Corridor

Other Provider Calculators