Wise - charging for transferring money to other people and businesses

[scubascuba3]

If you have THB balance they charge to transfer to others, is this a new thing or always done it?

[CharlieH]

MOVED to Finance

[sometimewoodworker]

4 hours ago, scubascuba3 said:

If you have THB balance they charge to transfer to others, is this a new thing or always done it?

Your question doesn’t have enough information to know if I, or others, know the answer 

[scubascuba3]

8 hours ago, sometimewoodworker said:

Your question doesn’t have enough information to know if I, or others, know the answer 

If someone transferred baht to other people they'd probably know the answer

[RSD1]

13 hours ago, scubascuba3 said:

If you have THB balance they charge to transfer to others, is this a new thing or always done it?

You're transferring to somebody else who also has a Wise account or your transferring Thai Baht to somebody's bank account in Thailand?

 

If it's to a bank account, there has always been a charge. I think it used to be around 32 Baht and now it's around 46 Baht per transfer. It's a flat fee.  

[scubascuba3]

27 minutes ago, RSD1 said:

You're transferring to somebody else who also has a Wise account or your transferring Thai Baht to somebody's bank account in Thailand?

 

If it's to a bank account, there has always been a charge. I think it used to be around 32 Baht and now it's around 46 Baht per transfer. It's a flat fee.  

Transfer to a bank account, strange though, free for me to use Wise card or transfer to me, charge for transfer to someone else. Yes i think the charge was 44+ baht for a small transfer

 

[RSD1]

22 minutes ago, scubascuba3 said:

Transfer to a bank account

That's always had a charge. Never was free for me since I've been using Wise. That's over 5 years already. The roughly 10 Baht increase in the flat fee though took place sometime within the last six months I think. Before that, it was 32 Baht for years.

 

But you can always do SEPA transfers in Euros for free. 

[robertthegreat]

I transfer GB £ from my Wise account to my daughter in Australia in GB£ to her Wise account for free. But if you tranfer to anyone's bank you will get charged but always a lower charge rate than any other money transfer company.

[Drumbuie]

It may well be that Wise is passing on a charge from the receiving bank. 

[Surasak]

59.25B for my last transfer of 40.000B to repay a loan to a friend into a BKK bank using Revolut.

[scubascuba3]

31 minutes ago, Drumbuie said:

It may well be that Wise is passing on a charge from the receiving bank. 

i doubt it as no charge if you pay yourself