Pricing
WorldwiseFX, unlike banks and brokers, is open about its prices. There are no fees for opening an account, and there are no yearly fees.
All currency payments conducted through banks and brokers are subject to two types of fees:
1.a fee for sending a SWIFT payment internationally;
and
2. an exchange rate with a ‘spread' or mark-up over the wholesale rate.
Pricing for WorldwiseFX is as follows:
- There are no fees for making or receiving international payments with WorldwiseFX.
2. The wholesale exchange rate is subject to a small spread which is already factored into our online rates. The spread is set and is calculated as a percentage of the amount converted: –
1% on conversions ranging from £1,000 to £10,000
On conversions between £10,000.01 and £50,000, 0.75 percent is applied.
On conversions of more over £50,000, there is a 0.5 percent surcharge.
(Any conversions over £500,000 are subject to negotiation)
Our exchange rate spreads are based on the currency and its availability however we ensuring consistent pricing, and are up to 85% less expensive than overall bank fees.
*Receiving banks may utilize third-party correspondent banks to process their incoming payments, which may incur a fee. We have no control over these charges.