More expensive for Card payments
In most European countries your bank takes 0.20% from your payment as debit card interchange. Add scheme fees from Mastercard or Visa and the rest — it often turns out 2-3x more expensive to pay via card than by direct bank transfer.
So if you are in a hurry fast transfers can be sent from debit and credit cards at an extra 0.20% cost.
See how the new fees have impacted low cost transfers from your bank (example € 5,000).
| | Before | After | Impact @ € 5,000 |
| :-: | :-: | :-: | :-: |
| GBP | 0.50% min € 2.00 | € 0.80 + 0.30% | \-37% ✯✯✯ |
| USD | 0.50% min € 2.00 | € 0.70 + 0.35% | \-27% ✯✯ |
| INR | 0.70% min € 1.64 | € 0.70 + 0.45% | \-34% ✯✯✯ |
| AUD | 0.70% min € 1.29 | € 0.60 + 0.35% | \-48% ✯✯✯ |
| CHF | 0.50% min € 2.00 | € 1.30 + 0.30% | \-35% ✯✯✯ |
| | | | |
| AED | 1.00% min € 2.55 | € 2.50 + 0.70% | \-25% ✯✯ |
| ARS | € 3.00 + 1.00% | € 2.60 + 1.00% | \-1% |
| BGN | 0.70% min € 1.43 | € 0.60 + 0.55% | \-20% ✯✯ |
| BDT | € 2.00 + 1.40% | € 1.90 + 1.30% | TBC |
| BRL | 1.50% min € 1.60 | € 1.40 + 1.05% | \-28% ✯✯ |
| CAD | 0.50% min € 2.00 | € 0.50 + 0.40% | \-18% ✯ |
| CLP | 1.50% min € 3.00 | € 3.40 + 0.90% | \-35% ✯✯✯ |
| CNY | 1.50% min € 3.19 | € 1.60 + 1.50% | TBC |
| CZK | 0.70% min € 1.64 | € 0.50 + 0.35% | \-49% ✯✯✯ |
| DKK | 0.50% min € 2.00 | € 1.10 + 0.35% | \-26% ✯✯ |
| EGP | € 2.00 + 0.80% | € 2.50 + 0.75% | \-5% |
| GEL | 1.00% min € 0.70 | € 0.80 + 0.70% | \-28% ✯✯ |
| HKD | 0.50% min € 2.00 | € 1.50 + 0.45% | \-4% |
| HRK | 0.70% min € 1.42 | € 1.70 + 0.50% | \-24% ✯✯ |
| HUF | 0.70% min € 1.31 | € 0.80 + 0.35% | \-48% ✯✯✯ |
| IDR | € 2.00 + 0.70% | € 1.40 + 0.55% | \-22% ✯✯ |
| ILS | 1.00% min € 2.00 | € 2.30 + 0.55% | \-40% ✯✯✯ |
| JPY | 0.50% min € 2.00 | € 2.70 + 0.50% | 11% ☹ |
| KES | € 2.00 + 0.70% | € 2.80 + 0.65% | \-5% |
| LKR | 1.00% min € 0.80 | € 1.50 + 0.55% | \-42% ✯✯✯ |
| MAD | 1.50% min € 2.70 | € 2.30 + 0.80% | \-44% ✯✯✯ |
| MXN | 1.00% min € 1.32 | € 1.00 + 0.45% | \-53% ✯✯✯ |
| MYR | 0.70% min € 1.61 | € 2.10 + 0.50% | \-23% ✯✯ |
| NGN | € 2.00 + 0.50% | € 0.70 + 0.50% | \-5% |
| NOK | 0.50% min € 2.00 | € 0.90 + 0.35% | \-26% ✯✯ |
| NPR | € 1.50 + 1.00% | € 8.10 + 0.50% | \-36% ✯✯✯ |
| NZD | 0.70% min € 1.76 | € 0.80 + 0.35% | \-48% ✯✯✯ |
| PEN | 1.50% min € 3.00 | € 3.30 + 1.05% | \-26% ✯✯ |
| PHP | 1.00% min € 2.32 | € 2.30 + 0.50% | \-45% ✯✯✯ |
| PKR | 1.00% min € 2.31 | € 2.20 + 0.45% | 0% |
| PLN | 0.50% min € 2.00 | € 0.60 + 0.35% | \-28% ✯✯ |
| RON | 1.00% min € 2.15 | € 0.90 + 0.45% | \-53% ✯✯✯ |
| RUB | 1.50% min € 2.71 | € 2.20 + 0.60% | \-57% ✯✯✯ |
| SEK | 0.50% min € 2.00 | € 0.70 + 0.30% | \-37% ✯✯✯ |
| SGD | 0.50% min € 2.00 | € 1.00 + 0.30% | \-36% ✯✯✯ |
| THB | € 2.00 + 0.70% | € 3.00 + 0.50% | \-24% ✯✯ |
| TRY | 1.00% min € 1.13 | € 1.70 + 0.50% | \-47% ✯✯✯ |
| UAH | € 0.50 + 2.40% | € 0.50 + 2.30% | TBC |
| VND | 1.50% min € 3.54 | € 2.00 + 0.80% | \-44% ✯✯✯ |
| ZAR | € 17.03 + 0.70% | € 10.00 + 0.50% | \-33% ✯✯✯ |
TransferWise Smart Global Transfers
BER articles that mention the Euro (EUR):
News2025-04-25
The U.S. Dollar Is Losing Ground to the Euro — And the World Is Watching
Deutsche Bank forecasts a significant weakening of the US dollar in the coming years, potentially reaching its lowest level against the euro in over a decade.
News2025-04-14
US Dollar Hits Three-Year Low On Jerome Powell Dismissal Threat
The US dollar has fallen to a three-year low, influenced by Trump policy back flips plus concerns over the Federal Reserve's independence. Analysts suggest a long-overdue correction due to overvaluation and trade tensions.
Further reading on the Euro (EUR) - Guides, Reviews & News from our research team.
Disclaimer: aPlease note any provider recommendations, currency forecasts or any opinions of our authors should not be taken as a reference to buy or sell any financial product.