If you have a Wise personal or business account, and your registered address on either account is in Hungary, you might notice increased fees from 17 February 2025. These are variable fees on top of the regular fees you pay when you use our services.
The fee increase isn't specific to transactions in Hungarian forint — other currencies are also impacted by this price change.
You can check the current and all updated fees on our pricing page.
What's changing?
You'll see a price increase on top of the usual fees we charge you, when using one of these services:
Paying for a transfer on Wise, either by bank transfer or card payment
Sending money from your Wise balance to either a bank account outside of Wise, or to another Wise account
Withdrawing cash with your Wise card
The price increase does not apply to payments initiated using Hungarian QR codes or Request-to-Pay
See more fees for sending money and withdrawing cash.
This applies if the address on your Wise account is registered in Hungary. If you have a personal Wise account, this means your personal registered address. If you have a business account, this means the address your business is registered in, and not where you reside.
Why is this happening?
This change is due to local tax regulations in Hungary, which make it more expensive for us to offer certain services in the country.
Like any other financial institution that operates and services customers in Hungary, Wise is impacted by local rules, including the Hungarian Financial Transactions Tax Act.
Why increase fees?
We regularly review our fees to reflect the cost of moving your money.
In October 2024, the Hungarian government introduced changes to the Financial Transactions Tax Act on currency conversion transactions. As Wise is subject to these rules we’ve revisited our costs and adjusted fees for customers with a registered address in Hungary.
We remain committed to communicating any changes transparently and ensuring that our customers never pay more than they need to.
What’s the specific law that impacts Wise here?
This relates to the Hungarian Financial Transactions Tax Act.
I don't live in Hungary anymore
If you've moved and no longer live in Hungary, you can update your address on Wise.
How the changes affect your personal account
These changes affect transactions in any currency. The table shows fee changes for same-currency transfers (HUF to HUF, EUR to EUR), and also cross-currency transfers (HUF to USD, EUR to HUF, USD to GBP).
The tables and examples show the fee changes, and not the final fee applied.
The limits and examples are stated in HUF, but if you're using another currency, then it's the equivalent in that currency to the amount in HUF.
| Fee increase for same-currency transfer | Fee increase for different-currency transfer | |
|---|---|---|
| Paying for a transfer | 0.45% of the total amount, capped at 20k HUF | 0.9% of the total amount, capped at 40K HUF |
| Sending money from your balance | Free for up to 50K HUF; 0.45% of the amount after 50K HUF, capped at 20K HUF | 0.45% of the total amount up to 50K HUF; 0.9% of the amount after 50K HUF, capped at 40K HUF |
| Withdrawing cash with your Wise card | 0.9% after 150K HUF per month | 0.9% after 150K HUF per month |
Summary
1. Same-currency transfers
From 17 February 2025, we'll add 0.45% to the existing variable fee. The increase won't be higher than 20,000 HUF (or equivalent in other currencies) per transfer. The first 50,000 HUF (or equivalent) of the transfer isn't included in the increase.
2. Different-currency transfers
From 17 February 2025, we'll add 0.45% to the existing variable fee for the first 50,000 HUF of the transfer, and 0.9% for any amount above 50,000 HUF. The increase won't be higher than 40,000 HUF (or equivalent in other currencies) per transfer.
3. Withdrawing cash from your Wise card
From 17 February 2025, we'll add 0.9% to the existing variable fee. Two withdrawals up to a total of 150,000 HUF (or equivalent in other currencies) are free per month.
How the changes affect your business account
| Fee increase for same-currency transfer | Fee increase for different-currency transfer | |
|---|---|---|
| Paying for a transfer | 0.45% of the total amount, capped at 20k HUF | 0.9% of the total amount, capped at 40k HUF |
| Sending money from your balance | 0.45% of the total amount, capped at 20k HUF | 0.9% of the total amount, capped at 40k HUF |
| Withdrawing cash with your Wise card | 0.9% after 150k HUF per month | 0.9% after 150k HUF per month |
Summary
1. Same-currency transfers
From 17 February 2025, we'll add 0.45% to the existing variable fee. The increase won't be higher than 20,000 HUF (or equivalent in other currencies) per transfer.
2. Different-currency transfers
From 17 February 2025, we'll add 0.9% to the existing variable fee. The increase won't be higher than 40,000 HUF (or equivalent in other currencies) per transfer.
3. Withdrawing cash from your Wise card
From 17 February 2025, we'll add 0.9% to the existing variable fee. Two withdrawals up to a total of 150,000 HUF (or equivalent in other currencies) are free per month.