Some Wise Fees are increasing from 9th August 2022

[Mutt Daeng]

I got this email this morning from Wise.

Hello XXXXXXXXXXXX, Some of our fees are increasing on 09 August, 2022 on routes to: Send money from USD, CHF, CAD, JPY, HUF, MYR, TRY, INR, SEK, PLN, CZK, DKK, NOK and RON to any currency. Send money to USD, INR, THB, PHP, IDR, MYR, MXN, PLN, PKR, KRW, VND, MAD and HUF from any currency.   Why is this happening? Unfortunately, markets have been more volatile recently, which makes it more expensive for us to buy and sell currencies — so we need to raise our fees to cover those costs. We continue to sustainably invest in our infrastructure so you can move money faster and more conveniently. We need to reflect this in our price today, to help us bring down the cost of moving money in the future.   We know that this isn't great news, and we're sorry about that. We'll try to bring our fees back down as soon as we can. Read more about when our price changes will apply to you. Check how much you’ll pay for your next transfer Thanks, The Wise Team

Edited August 1, 2022 by Mutt Daeng

[DezLez]

From the WISE e-mail link;

 

New; WISE fees to send £1,000 to Thailand receive 43,952.18THB  fee £6.38
Old;   WISE fees to send £1,000 to Thailand receive 43,952.18THB  fee £5.96
increase in cost of £0.42  

 

Edited August 2, 2022 by DezLez
Screenshot added

[gamb00ler]

Please post the link used to retrieve the new rates.

[DezLez]

11 minutes ago, gamb00ler said:

Please post the link used to retrieve the new rates.

Fees to send money on some routes have gone up- Wise

[GoRover]

Wise increased their fees for GBP to THB a few months back too; this is now another increase.

[snairb]

top man has to find million + to pay hmrc outstanding uk tax

[KannikaP]

A rise in about 60 pence is not going to really affect me.

Did a transfer from my Wise Borderless THB account to my Bkk Bank yesterday at 7am, in my bank as an International Transfer at 14.02pm. Can't grumble at that.

Changing GBP into 50k Baht cost me £5.88 and sending it to Bkk cost THB 30.89. Happy with Mr Wise

[Mutt Daeng]

54 minutes ago, KannikaP said:

A rise in about 60 pence is not going to really affect me.

Did a transfer from my Wise Borderless THB account to my Bkk Bank yesterday at 7am, in my bank as an International Transfer at 14.02pm. Can't grumble at that.

Changing GBP into 50k Baht cost me £5.88 and sending it to Bkk cost THB 30.89. Happy with Mr Wise

Me too

[OJAS]

7 hours ago, DezLez said:

From the WISE e-mail link;

 

New; WISE fees to send £1,000 to Thailand receive 43,952.18THB  fee £6.38
Old;   WISE fees to send £1,000 to Thailand receive 43,952.18THB  fee £5.96
increase in cost of £0.42  

 

So in other words an extra £0.07 + 0.05% to convert £1,000 into THB.

 

But maybe slightly more pro rata for conversions of USD, CHF, CAD, JPY, HUF, MYR, TRY, INR, SEK, PLN, CZK, DKK, NOK and RON into THB??

 

In any case, though, looks like small beer, as already said. Certainly nowhere near enough to deter me from using Wise in future.

[Stocky]

Singapore $ to THB fee increase is 0.06%

I don't think I'll lose any sleep.

[Pib]

 

USD-THB transfer using Bank Debit (ACH transfer) for funding. 

 

 The majority of the increase is an increase of the core percentage fee.....increasing from 0.70% to 0.83%.