Wise 'small conversion fee' between own accounts

Anyone know how to have visibility of this 'small' fee (small percentage or small amount...?) before the funds are in your Wise account that want to send from? I know you can see the fee if, say, you have USD in your Wise account and want to convert it to GBP by sending to your own Wise GBP account, but that means you need to commit to sending the foreign currency to Wise before you have visibility. I can't see any of their online conversion tools which show the what the net amount would be when converting between your own Wise accounts. Their customer service response was useless. I'm missing the transparency here.



Comments

  • wmb194
    wmb194 Posts: 4,594 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    edited 30 September 2022 at 7:37AM
    It's the same as its usual conversion fee i.e. 0.41%.
  • eDicky
    eDicky Posts: 6,835 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    I think that what you're looking at there, 'Sending money to another Wise Account', means to the Wise account of another person.
    The fee for conversion within your own accounts can vary I believe, depending on the currencies, there should be a list somewhere...
    Evolution, not revolution
  • wmb194
    wmb194 Posts: 4,594 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    eDicky said:
    I think that what you're looking at there, 'Sending money to another Wise Account', means to the Wise account of another person.
    The fee for conversion within your own accounts can vary I believe, depending on the currencies, there should be a list somewhere...
    You're correct and it looks like the fees are increasing from 0.41% for euros and US dollars to 0.44%.

    I cannot see a table but if you go to this page they're there - just make sure you select 'wise account' and 'convert between currencies' before making your selection.

    https://wise.com/price-change/borderless-add?source=GBP&target=USD&payInMethod=BANK_TRANSFER&targetAmount=1000&priceChange=2022-july-reprice
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