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Wise Review — Fees, Rates and Pros & Cons
Mid-market rate with a transparent percentage fee — no hidden FX margin.
Read user reviews on TrustpilotMoney transfer operator
Founded
2011
Headquarters
London, UK
Status
Public (LSE: WISE)
Fee structure
Percentage + flat
Wise charges a small percentage fee (typically 0.4–1.5%) plus a fixed conversion fee. The exchange rate shown is the real mid-market rate — no FX margin is built in.
Pros and cons
Pros
- Uses the real mid-market exchange rate
- Transparent fee breakdown shown before you confirm
- Multi-currency account with local bank details in 9+ regions
- Regulated in 50+ countries
- Same-day delivery for most major corridors
Cons
- No cash pickup — bank account required on the receiving end
- Percentage fee can add up on very large transfers
- Some less common corridors not supported
Licenses and regulation
Wise is regulated as a money services business or licensed bank in the following jurisdictions:
| Country / Region | Regulator |
|---|---|
| UK | FCA |
| USA | FinCEN MSB + state licenses |
| EU | National Bank of Belgium |
| Australia | ASIC + AUSTRAC |
| Singapore | MAS |
| Canada | FINTRAC |
Top corridors
Wise is most competitive on these currency pairs:
Compare against others
Profile based on publicly available company information. For pricing, KYC requirements and current promotions, always check Wise's official site.