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    Transferwise changes Eurozone fee structure

    In late June 2018, Transferwise introduced a new fee structure for Eurozone foreign transfers (from EUR) ... and as always with Transferwise its complicated so we will break it down for you!

    Jul 2, 2018 (Upd: Feb 6, 2024)  
     

    More expensive for Card payments

    In most European countries your bank takes 0.20% from your payment as debit card interchange. Add scheme fees from Mastercard or Visa and the rest — it often turns out 2-3x more expensive to pay via card than by direct bank transfer.

    So if you are in a hurry fast transfers can be sent from debit and credit cards at an extra 0.20% cost.

    See how the new fees have impacted low cost transfers from your bank (example € 5,000).

    Before After Impact @ €  5,000
    GBP 0.50% min € 2.00 € 0.80 + 0.30% -37% ✯✯✯
    USD 0.50% min € 2.00 € 0.70 + 0.35% -27% ✯✯
    INR 0.70% min € 1.64 € 0.70 + 0.45% -34% ✯✯✯
    AUD 0.70% min € 1.29 € 0.60 + 0.35% -48% ✯✯✯
    CHF 0.50% min € 2.00 € 1.30 + 0.30% -35% ✯✯✯
    AED 1.00% min € 2.55 € 2.50 + 0.70% -25% ✯✯
    ARS € 3.00 + 1.00% € 2.60 + 1.00% -1%
    BGN 0.70% min € 1.43 € 0.60 + 0.55% -20% ✯✯
    BDT € 2.00 + 1.40% € 1.90 + 1.30% TBC
    BRL 1.50% min € 1.60 € 1.40 + 1.05% -28% ✯✯
    CAD 0.50% min € 2.00 € 0.50 + 0.40% -18% ✯
    CLP 1.50% min € 3.00 € 3.40 + 0.90% -35% ✯✯✯
    CNY 1.50% min € 3.19 € 1.60 + 1.50% TBC
    CZK 0.70% min € 1.64 € 0.50 + 0.35% -49% ✯✯✯
    DKK 0.50% min € 2.00 € 1.10 + 0.35% -26% ✯✯
    EGP € 2.00 + 0.80% € 2.50 + 0.75% -5%
    GEL 1.00% min € 0.70 € 0.80 + 0.70% -28% ✯✯
    HKD 0.50% min € 2.00 € 1.50 + 0.45% -4%
    HRK 0.70% min € 1.42 € 1.70 + 0.50% -24% ✯✯
    HUF 0.70% min € 1.31 € 0.80 + 0.35% -48% ✯✯✯
    IDR € 2.00 + 0.70% € 1.40 + 0.55% -22% ✯✯
    ILS 1.00% min € 2.00 € 2.30 + 0.55% -40% ✯✯✯
    JPY 0.50% min € 2.00 € 2.70 + 0.50% 11% ☹
    KES € 2.00 + 0.70% € 2.80 + 0.65% -5%
    LKR 1.00% min € 0.80 € 1.50 + 0.55% -42% ✯✯✯
    MAD 1.50% min € 2.70 € 2.30 + 0.80% -44% ✯✯✯
    MXN 1.00% min € 1.32 € 1.00 + 0.45% -53% ✯✯✯
    MYR 0.70% min € 1.61 € 2.10 + 0.50% -23% ✯✯
    NGN € 2.00 + 0.50% € 0.70 + 0.50% -5%
    NOK 0.50% min € 2.00 € 0.90 + 0.35% -26% ✯✯
    NPR € 1.50 + 1.00% € 8.10 + 0.50% -36% ✯✯✯
    NZD 0.70% min € 1.76 € 0.80 + 0.35% -48% ✯✯✯
    PEN 1.50% min € 3.00 € 3.30 + 1.05% -26% ✯✯
    PHP 1.00% min € 2.32 € 2.30 + 0.50% -45% ✯✯✯
    PKR 1.00% min € 2.31 € 2.20 + 0.45% 0%
    PLN 0.50% min € 2.00 € 0.60 + 0.35% -28% ✯✯
    RON 1.00% min € 2.15 € 0.90 + 0.45% -53% ✯✯✯
    RUB 1.50% min € 2.71 € 2.20 + 0.60% -57% ✯✯✯
    SEK 0.50% min € 2.00 € 0.70 + 0.30% -37% ✯✯✯
    SGD 0.50% min € 2.00 € 1.00 + 0.30% -36% ✯✯✯
    THB € 2.00 + 0.70% € 3.00 + 0.50% -24% ✯✯
    TRY 1.00% min € 1.13 € 1.70 + 0.50% -47% ✯✯✯
    UAH € 0.50 + 2.40% € 0.50 + 2.30% TBC
    VND 1.50% min € 3.54 € 2.00 + 0.80% -44% ✯✯✯
    ZAR € 17.03 + 0.70% € 10.00 + 0.50% -33% ✯✯✯

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    Transferwise changes UK fee structure

    In October 2017, Transferwise introduced a new fee structure for foreign transfers from the UK … its complicated so we will break it down for you!

    Posted: 2 Nov, 2017 - Last update: 6 Feb, 2024

    Transferwise changes Eurozone fee structure posted under: News  

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