Wise charges fees that are listed on their website and can change over time; the exchange rate applied to your transfer is set when the transaction processes, not when you start it, which could result in a different rate than expected.
Previous version (Fee and Exchange Rate Terms) had empty excerpt; current version now explicitly discloses mid-market exchange rate methodology and timing of rate application.
View full change record →For international money transfers, the final exchange rate applied to your funds is determined at processing time, not when you click send, which means exchange rate movements between initiation and processing can change the actual amount your recipient receives.
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Compare across platforms →The exchange rate applied to your international transfer can differ from what you saw at initiation, meaning the amount received by the recipient may vary — this is particularly significant for large transfers.
(1) REGULATORY FRAMEWORK: Fee and rate disclosures for remittance transfers are governed by EFTA's Remittance Transfer Rule (Regulation E, 12 CFR §1005.30-36), which requires Wise to disclose the exchange rate, fees, and the amount to be received before the consumer authorizes a transfer. The Dodd-Frank Act §1073 mandates that disclosed exchange rates be locked for at least 30 minutes for scheduled transfers. CFPB examination procedures for remittance transfer providers focus on accuracy of pre-payment disclosures. FTC Act Section 5 applies to any misleading fee or rate representations. (2)
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