When you turn on Interest, you can still spend and send your money any time. However, there’s a processing time of up to 2 working days when you transfer large amounts in one day. It’s to help us keep your service fee low and offer you the best rate possible.
It can sometimes be much quicker than 2 working days — we’ll give you a delivery estimate when you set up your transfer.
Find out how to avoid unexpected processing time
The amount you can transfer without this processing time depends where you live, and whether you’re a personal or business customer.
Daily transfer totals
| Where you live | Personal or business customer | Daily transfer total |
|---|---|---|
| UK | Personal | 10,000 GBP |
| UK | Business | 100,000 GBP |
| EEA | Personal | 12,000 EUR |
| EEA | Business | 120,000 EUR |
| Singapore | Personal | 17,000 SGP |
| Singapore | Business | 170,000 SGP |
This only affects:
Interest balances or Jars on personal or business accounts
transfers from balances or Jars where you’ve turned on Interest
personal or business accounts that use Interest
Your daily transfer total includes money that you:
send
convert
move between Wise balances and Jars
It doesn't include spending with your card, ATM withdrawals, scheduled transfers, or direct debits.
Making multiple transfers
You can make multiple transfers in one day without processing time as long as it’s under the daily transfer total for your region.
However, it works differently if you transfer multiple amounts that bring you over the daily transfer total. For example, if you’re a personal customer living in the EEA and send 10,000 EUR in the morning and then 8,000 EUR later the same day:
the 10,000 EUR transfer should arrive without added delay
the 8,000 EUR transfer will have an added processing time of up to 2 working days
If you’re transferring in a different currency
The daily limits will be the equivalent of your local currency for that day. For example, if you’re based in the UK but need to transfer USD, your threshold will be based on our exchange rate for GBP to USD for that day.
If you’re moving money between balances and Jars that both have either Interest or Stocks turned on
This means your money is invested in both places. When you move money between balances and Jars that are both invested, we need to sell the correct portion of your investment and then reinvest it. During this processing time, you might miss out on your daily returns.
Other things can affect the arrival time
The estimated arrival time for your transfer might also be affected by other things, such as the country you’re sending to and any required security checks. This is always the case with sending money with Wise.
Find out what affects transfer times
Why we have this processing time
Unlike many other providers, we want you to have easy access to your invested money.
When you turn on Interest, you’re investing in units in a fund. When you transfer money, we need to sell some of these units to cover the transfer. This takes a couple of days though, so to help you transfer without delay we use Wise’s money while we sell your units.
By having this 2 working day processing time for larger transfers, we can sell the correct portion of your share in the fund to cover the transfer. This helps us to keep your service fee low and offer you the best rate possible.