Money Transfer – Transferwise to Introduce Added Fees

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Money transfer company TransferWise has announced that they are going to be introducing two types of additional fees, to help cover costs of 3rd party providers:

  • From 3 October 2018, there will be an additional 1 AUD fee when you pay with POLi (from Australia)
  • From 1 December 2018, there will be an additional fee to send money from a borderless account to another bank. The total fee will depend on whether you’re sending from one currency to another, or transferring money in a single currency.

Read my review of TransferWise here. The full list of fees per currency can be found here.

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