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Paying with Simple bank transfer

Simple bank transfer is a free, convenient payment method that uses Open Banking and works through your online banking when paying with EUR.

How do I pay with Simple bank transfer?

  1. Set up a transfer and set the source currency as EUR

  2. At the payment step, choose Simple bank transfer

  3. Select your country and bank — if yours isn’t on the list it means you can’t use this payment method and you should use manual bank transfer instead

  4. Follow the instructions to confirm the payment 


When will I have the option to pay with Simple bank transfer?

Simple bank transfers only apply to transfers when you're paying with EUR. It also depends on if your bank supports it or not.

  • If your bank supports instant bank transfers for free - this will be the option that’s selected.

  • If your bank supports instant bank transfers but for a fee – you’ll be able to decide whether you want this option or a standard bank transfer (SEPA credit).

  • If your bank doesn’t support instant bank transfers at all – we’ll automatically select the standard bank transfer option which will take up to 1 working day.

How much does it cost?

Simple bank transfer is a free payment method, however, some banks may charge you an additional fee for an instant transfer.

How long does it take?

The time it takes often depends on the bank you’re sending from. This can be instant if your bank supports instant bank transfers (SEPA instant), or up to 1 working day if your bank doesn’t.

How much can I send?

Your bank will likely have a limit for sending an online transfer. The limit varies by bank but it's generally between 5,000 to 20,000 EUR. Some banks also have additional daily limits.

If you try to send or add an amount that’s higher than your bank’s limit, Simple bank transfer won’t be available and we will guide you towards a manual bank transfer instead.

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Wise is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011, Firm Reference 900507, for the issuing of electronic money.

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