When to increase？Increase how much？

When to increase costs depends on your country of residence。For customers in the UK and Europe, the fee increase will come into effect in two months.。However, for customers in Australia or Canada, the new fees will apply within 20 and 30 days respectively.。

Variable fees for sterling exchange and remittance of euros have been reduced from 0.47% to 0.56 per cent; while the variable exchange rate for the euro exchange and remittance of dollars will be charged 0.49% of variable expenses, compared to 0 before.47%。New fee based on wire transfer to facilitate transactions。

Fees for other methods, such as debit cards, credit cards, and bill payments, have also increased, and customers can view the new fees by method and currency on the company's website。

It's not just variable costs that are adjusted, Wise's fixed costs have also improved。For example, when the euro is exchanged for the dollar, Wise will charge 8.$89, compared to the previous fixed fee of 8.67 美元。

Wise Release of cost statement

Wise says its average remittance fee is just 0.65%, but as business operating costs continue to increase, the company is raising fees。Nevertheless, the company also said it will continue to invest in the business to improve efficiency and thereby reduce future costs。

News of the fee increase came the same week Wise reported its fourth-quarter results - trading revenue rose 88% year-over-year to 2.800 million pounds; making full-year revenue 9..£6.4bn, higher than previously published results。

However, the company's core revenue of £52 million is below the city's forecast of £56 million.。

On the bright side, total customer numbers increased 33% year-over-year and 6.0%。Currently, the number of retail customers is 5.8 million and the number of corporate users is 340,000, up 7% in the quarter, compared to the 8.00 pounds fell by about -30%。However, Wise's share price has risen more than 2 percent since last summer..Five pounds。