Quick answer: A Wise money transfer is an international transfer from Wise Australia Pty Ltd. Wise’s Australian pricing page says it uses the live mid-market rate plus an upfront fee, and lists a sending fee that varies by currency, from 0.19% (read 6 October 2026). Check the same six points for any provider.
By Admin EzyRemit · Updated: 06/10/2026
This page is an explainer, not a review. It gives no rating and no opinion. It reports only what Wise says on its own Australian pages, with the date we read each page. EzyRemit publishes this page. EzyRemit is an Australian international money transfer service that helps people and businesses send money from Australia to Vietnam, the Philippines and other destinations. EzyRemit Worldwide Pty Ltd is registered with AUSTRAC as an independent remittance dealer (IND100838372). This page does not say which service is better for you. To compare any two services, use the seven criteria for choosing a money transfer service.
What is a Wise money transfer?
A Wise money transfer is a payment sent to another country through Wise, an international money transfer and payments business. In Australia, Wise’s Customer Agreement says “We are Wise Australia Pty Ltd”, with company number ACN 616 463 855 (version last updated 13 August 2026, read 6 October 2026). Moneysmart, the money guidance site of ASIC, says each money transfer service has its own process and costs (page updated 17 September 2026).
How does Wise say it prices a transfer from Australia?
Wise says it uses the live mid-market rate and a small, upfront fee. This is the wording of Wise’s Australian pricing page for sending money. It is Wise’s own statement. This page has not tested it on a transfer. Table 1 lists what the pages say.
Table 1. What Wise’s Australian pages say about pricing (read 6 October 2026).
| Topic | What Wise says | Page |
|---|---|---|
| Exchange rate | It uses the live mid-market rate and a small, upfront fee | Wise Australia, send money pricing |
| Sending fee | “Fee varies by currency”, from 0.19% | Wise Australia, pricing |
| Large transfers | A discount applies when you send over AUD 40,000 or equivalent. It applies for the rest of the month and resets on the first | Wise Australia, send money pricing |
| Reference rate | The reference rate is typically from a reference rate provider and is usually the mid-market rate. For some currencies Wise does not use the mid-market rate | Wise Australia Customer Agreement, last updated 13 August 2026 |
The fee for your transfer depends on the currency, the amount and the route. Open Wise’s calculator to see the figures for your transfer. This page gives no AUD to VND figure for Wise, because the pages above do not show one.
How is Wise registered and regulated in Australia, as Wise states it?
Wise’s help page says Wise Australia Pty Ltd is regulated by ASIC and holds an Australian Financial Services Licence (AFSL) with the number 513764. It also says the APRA has given Wise a limited authorised deposit-taking institution licence, limited to purchased payment facilities. The same page says Wise Australia Pty Ltd is a reporting entity with AUSTRAC (Wise help, “How is Wise regulated in each country and region?”, read 6 October 2026). Wise’s Customer Agreement (last updated 13 August 2026) gives the same AFSL number.
These are Wise’s statements. They are not our check of any register. Check any provider yourself:
- Open the AUSTRAC Remittance Sector Register.
- Search for the business name.
- Open the record. Compare the name and address with the provider’s website.
- Check the Conditions column.
In Australia, a money transfer service must be registered with AUSTRAC, according to Moneysmart (page updated 17 September 2026).
What should you check when you compare a transfer provider like Wise?
Use the same six checks for every provider, Wise included. Moneysmart tells you to compare the exchange rate, the transfer fees, the payment method, the transfer time, the transfer amount and the receive method (page updated 17 September 2026).
Table 2. Six checks for any transfer provider.
| Check | What to do | Source |
|---|---|---|
| Registration | Search the AUSTRAC register for the business name | AUSTRAC register, Moneysmart |
| Total cost | Add the fee to the exchange-rate margin | ACCC report, 30 July 2024 |
| Rate | Check if the advertised rate is the rate you get, and if it is guaranteed | Moneysmart |
| Receive method | Check if your recipient can get the money by bank account, cash pickup, home delivery or e-wallet | Moneysmart |
| Limits and time | Check the smallest and largest amount and how long the transfer takes | Moneysmart |
| Support | Find the contact details and the complaint steps | Moneysmart |
The ACCC says the cost of an international transfer is the fee plus the exchange-rate margin. The margin is the gap between the mid-market rate and the rate you get (report, 30 July 2024). Compare the amount your recipient gets for the same amount, on the same day, at the same time. For a method with numbers, read Australia to Vietnam transfer fees and total cost explained.
Figure 1. Four checks to make for any transfer provider.
Who do you contact if there is a problem with a transfer?
Contact the bank or money transfer business first, according to Moneysmart. If you are not happy with the response, and the business is a member of the Australian Financial Complaints Authority (AFCA), you can complain to AFCA (page updated 17 September 2026). Ask any provider if it is an AFCA member before you send.
WARNING: If you send money to a scammer, it is almost impossible to get the money back. Send money only to people you know and trust. For more, read how to avoid international money transfer scams.
FAQ
What is a Wise money transfer?
A Wise money transfer is an international payment sent through Wise. In Australia, the service is provided by Wise Australia Pty Ltd. Wise says it uses the live mid-market rate and a small, upfront fee.
Does Wise use the mid-market rate?
Wise says it uses the live mid-market rate on its Australian pricing page. Its Customer Agreement says that for some currencies it does not use the mid-market rate. Check the quote for your transfer.
How is Wise regulated in Australia?
Wise’s help page says Wise Australia Pty Ltd holds AFSL 513764 and is regulated by ASIC. It also says the company is a reporting entity with AUSTRAC. These are Wise’s statements, read on 6 October 2026.
How do I compare Wise with another provider?
Enter the same amount in each calculator on the same day. Write down the fee, the rate and the amount your recipient gets. Add the fee to the margin and compare the totals.
Is this page a review of Wise?
No. This page gives no rating and no opinion. It reports what Wise says on its own pages, with the date we read them.
Key takeaways
- Wise says it uses the live mid-market rate plus an upfront fee, and its sending fee varies by currency (Wise Australia pricing page, read 6 October 2026).
- Wise’s help page says Wise Australia Pty Ltd holds AFSL 513764 and is a reporting entity with AUSTRAC.
- To check any provider, search the AUSTRAC register and compare the amount your recipient gets.
- The total cost is the fee plus the exchange-rate margin, according to the ACCC (report, 30 July 2024).
This article gives general information only. It is not financial or legal advice, and it is not a review. It reports what Wise states on its own Australian pages on the date shown. Fees, rates and rules change, so check the current details with each provider. Updated: 06/10/2026.