Wise charges a fee every time you convert. Bancoli charges 0% on listed majors.
Wise gives you the mid-market rate and adds a transparent fee. It starts at 0.23%, and on the corridors cross-border businesses actually use it lands nearer 0.6% to 1.1%. Every one of those currencies is on Bancoli's 0% list.
0% FX markup
AED 0%
ARS 0%
AUD 0%
BRL 0%
BWP 0%
CAD 0%
CLP 0%
EUR 0%
GBP 0%
GHS 0%
HKD 0%
IDR 0%
INR 0%
JPY 0%
KRW 0%
MWK 0%
MXN 0%
MYR 0%
NGN 0%
PEN 0%
PHP 0%
SGD 0%
THB 0%
UGX 0%
VND 0%
ZMW 0%
The fee is small until you look at your corridors
From 0.23% is the floor, not the price. On Wise’s own comparison pages a $1,000 transfer costs $11.07 to Brazil, $7.78 to Nigeria, $7.67 to Mexico and $7.46 to the Philippines.
BRL, NGN, MXN and PHP are all on Bancoli’s 0% list. On Plus the first $8,500 you convert each month carries no markup at all, and there is no per-conversion fee on top of it.
Figures are Wise’s own published USD comparison pages for a 1,000 USD transfer, retrieved 31 August 2026. Wise quotes the same “from 0.23%” floor on its personal and business pricing pages, and applies a business volume discount above 25,000 USD.
0% where it costs the most everywhere else
Zero FX on 26 listed currencies
BRL, NGN, MXN, PHP, INR, IDR, EUR, GBP and the rest of the listed majors convert at the real interbank rate with no Bancoli markup. The pricing page lists which are 0% and which are 1%.
One plan, not a fee per transfer
Plus is $29 a month and includes $8,500 of conversion at 0%. Above that the rate is 0.5%, with no separate per-conversion fee. Receiving and wire fees are listed separately on the pricing page.
Named USD details, and your own keys
Get paid over ACH and RTP on named USD details, and hold stablecoins in your own self-custodial wallet rather than as a safeguarded balance.
$8,500 a month to Brazil, side by side
Wise
$80.16 on $8,500 to BRL
- $80.16 to send $8,500 to Brazil by bank transfer
- $11.07 on $1,000. The fee tapers, but it is charged every time
- $681.16 on $85,000, after a $59.32 volume discount
- Single BRL transfers were capped at 250,000 BRL on the day checked
Wise’s own US send calculator and comparison pages, USD to BRL, retrieved 31 August 2026.
Bancoli
$29.00 on $8,500 to BRL
- Bancoli Plus membership: $29/m, and that is the whole cost here
- First $8,500 of conversion each month: 0% markup
- Above that: 0.5%. Premium at $199/m includes $85,000
- No per-conversion fee within the allowance
- Below roughly $3,000 a month, Wise costs less. Above it, Bancoli does
Bancoli fees from bancoli.com/pricing. 26 of 42 payout currencies are 0%; the other 16 are 1%. The breakeven is derived from Wise’s own $1,000 and $8,500 BRL fees against a $29 membership. At $85,000 a month, Bancoli Premium is $199 against Wise’s $681.16.
Fee on $1,000, corridor by corridor
| Corridor | Wise | Bancoli |
|---|---|---|
| USD to BRL | $11.07 | $0.00 on the 0% list |
| USD to NGN | $7.78 | $0.00 on the 0% list |
| USD to MXN | $7.67 | $0.00 on the 0% list |
| USD to PHP | $7.46 | $0.00 on the 0% list |
| USD to INR | $6.85 | $0.00 on the 0% list |
| USD to IDR | $6.40 | $0.00 on the 0% list |
| USD to GBP | $5.89 | $0.00 on the 0% list |
| USD to EUR | $5.47 | $0.00 on the 0% list |
| Monthly plan | No monthly plan | Free, or Plus $29/m with $8,500 of conversion included |
Bancoli fees from bancoli.com/pricing. Wise fees from Wise’s own USD comparison pages for a 1,000 USD transfer, retrieved 31 August 2026. Those are Wise’s published comparison figures, not a Wise Business quote; Wise quotes the same “from 0.23%” floor on both its personal and business pricing pages and applies a business volume discount above 25,000 USD. Bancoli charges 0.5% above the included monthly volume. Compare at your own volume before switching.
Straight answers
What does Wise charge to convert USD?
It varies by corridor. On Wise’s own comparison pages a 1,000 USD transfer costs $11.07 to BRL, $7.78 to NGN, $7.67 to MXN, $7.46 to PHP, $6.85 to INR, $6.40 to IDR, $5.89 to GBP and $5.47 to EUR. Wise’s published floor is 0.23% on both its personal and business pricing pages, and Wise Business applies a volume discount above 25,000 USD. Figures are Wise’s published comparison pages, retrieved 31 August 2026, not a Wise Business quote.
What does Bancoli charge?
On the 26 listed 0% currencies there is no FX markup. Plus is $29 a month and includes $8,500 of conversion; above that the rate is 0.5%. The other 16 payout currencies are 1%. Receiving over ACH or RTP and international wires carry their own separate fees; see the pricing page.
Is Bancoli always cheaper?
No. Wise has no monthly plan, so below roughly $3,000 a month on a corridor like USD to BRL, Wise costs less. Above that the $29 membership overtakes Wise’s per-transfer fee: at $8,500 a month it is $29 against $80.16, and at $85,000 Bancoli Premium is $199 against $681.16 even after Wise’s volume discount. Figures from Wise’s own US send calculator, retrieved 31 August 2026.
Does Wise hold my money like a bank?
No. Wise is not a bank and holds customer money as safeguarded funds. Bancoli funds sit in your own self-custodial wallet, with wallet and onchain transaction security provided by Coinbase.
Stop paying a fee every time you convert.
Open a Bancoli account, get named USD details, and convert on listed majors at 0%.
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