Remittance Data Center

Wise Transfer Fees

Here's a quick summary of Wise transfer fees and our findings.

Artiom Pucinskij

Global Data: Remittance Data and Statistics

The data on this page is compiled from various sources and highlights the changing remittance payment landscape. The UN has a target cost for all remittances to be below 3% of the transfer amount. We have shown this amount on the graphs throughout.

Keith Hodges

South America: Remittance Data and Statistics

The data and graphs below highlight the average cost of sending a $200 transfer to South America. This data includes money transfer companies, banks, post offices, and other financial institutions.The average 3% target set by the UN is also presented in the graphs.

Keith Hodges

Europe: Remittance Data and Statistics

This graph shows the average cost of sending money into Europe from 2016 to date and is based on a $200 transfer. This includes countries that support EUR to EUR transfers as well. We have included these to highlight the impact of unreasonably high fees on the overall cost of sending money.

Keith Hodges

North America: Remittance Data and Statistics

The data below shows the average cost of sending $200 to North America as a percentage of the amount sent.

Keith Hodges

Asia: Remittance Data and Statistics

This graph shows the average cost of sending money from 2016 to date and is based on a $200 transfer to Asia. This cost is a combination of fees and foreign exchange rates between the origin countries and Asian countries.

Keith Hodges

Africa: Remittance Data and Statistics

This graph shows the average cost of sending money from 2016 to date and is based on a $200 transfer to Africa. The cost is a combination of fees and exchange rates.

Keith Hodges