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% ✯✯✯ |
TransferWise Smart Global Transfers
Articles that mention the Euro (EUR):
News2025-04-10
Yuan's Volatility Surges Amid U.S. Tariff Escalation
The Chinese yuan has weakened following the United States' decision to impose a 125% tariff on Chinese imports, prompting the People's Bank of China to intervene to stabilize the currency.
News2025-03-27
Global Currency Markets React to U.S. Tariffs and Economic Policies
Recent U.S. trade policies, including aggressive tariffs on auto imports, have introduced significant volatility in global currency markets, affecting major currencies such as the euro, British pound, and Japanese yen.
Further reading on the Euro (EUR) - Guides, Reviews & News from our research team.
Disclaimer: aPlease note any provider recommendations, currency forecasts or any opinions of our authors should not be taken as a reference to buy or sell any financial product.