Wise Fee Calculator
Visible fee against an invisible bank spread.
Processor pricing varies by country, card type and whatever you negotiated, and it changes without much notice. Take the real figures from your own statement — these defaults are a starting point, not your account.
Wise cost
$25.30
against $170.00 through a bank
Wise converts at the mid-market rate and charges a visible fee. Banks usually charge a small visible fee and a large invisible one in the exchange rate — the spread. Comparing on the stated fee alone makes the bank look competitive, which is the point of pricing it that way.
How the Wise Fee Calculator works
Wise charges a stated fee and converts at the mid-market rate. Banks usually charge a small stated fee and a large unstated one hidden in the exchange rate. Compare on the fee alone and the bank looks competitive — which is precisely why it is priced that way.
Not financial advice. Marketplace fees change, and they vary by country, plan and seller status. Every rate here is an editable default, not a quoted price — check the platform's current fee schedule before you price a product against it. This is not tax or business advice.
Frequently asked questions
What is the mid-market rate?
The midpoint between the buy and sell prices for a currency pair — the rate you see on Google or Reuters. It is the rate with no markup, and most providers do not give it to you.
How much do banks really charge?
The stated wire fee is typically $15 to $40, but the exchange rate markup is usually 2% to 4% on top and is not itemised anywhere. On a $5,000 transfer the invisible cost is several times the visible one.
What does Wise charge?
A percentage that varies by currency pair and amount, commonly well under 1%, plus a small fixed fee. It is stated up front and the conversion happens at the mid-market rate.
Is it worth it for small amounts?
The fixed component matters more on small transfers, so batching is worthwhile where timing allows. For anything above a few hundred, the rate difference dominates and the answer is clearly yes.