How to send large money transfers with Wise [2025]

Wise is trusted by over 12 million individual and business customers globally, to move money around the world securely, with low fees and the mid-market exchange rate. Sending a high value transfer can be worrying – but with Wise you can rest assured that your money is safe, and you may even qualify for an automatic discount on fees for sending large money transfers.

So – whether you need to make a large transfer for a one off purchase like a downpayment on a new property, to move an international inheritance or to invest, or you’re looking for high value business transfers, Wise can help.

This guide covers all you need to know about sending large value money transfers with Wise including fees, features, speed and safety.

Key points: Wise large transfers

• Wise offers international transfers for personal and business customers with high payment limits that vary by currency

• Customers sending high value payments, or sending money very frequently, may qualify for automatic discounts on Wise fees

• Wise high value transfers can be arranged online or in the Wise app, conveniently and quickly

• Wise also offers large transfers for stock and share options, and dedicated customer support teams

• Wise is fully licensed and regulated for the services it offers in India and wherever else it trades

About Wise money transfers

Wise supports high amount transfers for personal and business customers. Wise payments have low, transparent fees, and use the mid-market exchange rate.

Wise has high transfer limits, usually around the equivalent of 1 million GBP (108, 904,500 INR or so). Wise limits vary based on the currency you’re sending to and from.

You’ll see the limit that applies to your specific currency when you start to set up the payment, and can easily get in touch with the Wise high value transfers team if you have questions.

Is Wise safe for large amounts?

Yes, Wise is safe for high value transfers for individual and business customers.

Wise is a digital first provider with strong security measures in place. Here are some of the safety measures you might want to know about:

• All funds are safeguarded, held in dedicated accounts at top tier institutions away from Wise’s operating capital

• There are 24/7 manual and automatic anti-fraud processes running to make sure your money is secure at all times

• Wise accounts have 2 factor authentication so you and only you can get into your account

• Wise is overseen by many different global bodies and offers industry leading levels of security

Is Wise regulated in India?

Wise is regulated in India by the RBI (Reserve Bank of India) and is classified as an Authorised Dealer Category II entity for making foreign transfers and exchanges for specified transactions.

Wise large transfer fees

Wise gets cheaper for higher value transfers, as the variable fee is automatically reduced the more you send.

In this context, high value transfers are usually over the equivalent of around 20,000 GBP (about 2,178,090 INR at the time of writing) as a one off payment, or per month.

Here’s how the Wise transfer fee discounts work:

*Correct at time of writing – 8th February 2025

Because this is a percentage discount, the absolute amount saved can rack up quickly when you’re sending high value payments.

Let’s look at a couple of examples for sending high value transfers, including the fees and rates available.

*Correct at time of writing – 8th February 2025

Wise exchange rates for large transfers

The Wise exchange rate is the same as the mid-market rate, with no markup added and no hidden fees. All the costs you pay are split out for transparency and to make them easy to check and compare.

The exchange rate matters more than ever when the amounts being sent are high. Even the small differences in exchange rates can create big differences in the amount you get in the end.

More information - Wise fees and exchange rates

Sending INR limits

If you're sending money from India with Wise, there are limits and regulations to comply with Indian financial regulations that you’ll need to be aware of.

Below, you'll find a breakdown of the key limits, including how much you can send per transfer, per financial year, and the different transaction restrictions based on the type of recipient. Understanding these limits will help you plan your transfers efficiently and avoid any disruptions.

Transfer limits when sending from INR 

*Correct at time of writing – 8th February 2025

Transfer limits when sending to INR by recipient 

*Correct at time of writing – 8th February 2025

Required documents for sending large transfers

The documents needed for sending a high value payment with Wise can vary based on the reason you need to send the money, or where it came from in the first place.

Usually banks, financial service providers and online money transfer services like Wise are legally required to check the funds being sent have not been obtained illegally. That means demonstrating the source of the funds before it can be sent.

If you’re not sure what’s needed there’s a handy dynamic feature on the Wise landing page, showing which documents are required for the transfer based on where the money came from.

Here are a few examples, of common reasons why you may need to send a high value payment:

The paperwork needed depends on the scenario, as you can see – so if you’re sending money from a property sale you may be asked for the sales contract or settlement statement, showing the property details.

On the other hand, if you’re sending money from an inheritance you may provide something like a grant of probate or will show the name of the person leaving you money and your relationship with them.

The Wise large value transfer team can help you work out what you need if you’re not completely sure of the paperwork that will apply based on your situation. Plus, you can learn more about the documents Wise needs to verify high value payments here.

How long does Wise take to transfer large amounts of money?

The time it takes for a Wise high value transfer to be processed can vary depending on the details of the payment, the value, currency and how you pay. Because there are often additional checks including manual checks which need to be completed to process high value transfers safely and legally, the payment may take a short while to process.

You’ll see an estimate of the delivery time in the app when you set up your payment, you can track the transfer while it’s on the way, and you’ll always be able to reach out to the Wise team if you need extra help along the way.

How to transfer large amount of money with Wise

When you send a payment with Wise, the recipient does not have to have a Wise account themselves. Instead, you can make a Wise transfer to their bank account.

Sending transfers with Wise is easy, and can be done on the Wise website or via the Wise mobile app. You’ll need to make sure you’ve got any documents that may be required for verification handy in advance, but getting everything started can be done in just a few steps.

Here is how to send large amounts of money with Wise:

1. Log into your Wise account, tap Send money

2. Enter how much you want to transfer, or how much you need the recipient to get

3. Review the fees and exchange rates offered – any relevant discount will be automatically included in the quote generated

4. Enter the recipient’s personal and banking details – check them carefully

5. Upload the required documents

6. Fund your payment via bank transfer

7. Confirm and your payment will get started – you can track the transfer in the Wise app, and you’ll hear from the Wise team directly if documents are needed to move your money

How to pay tuition fees abroad from India with Wise

Wise makes it easy to pay tuition fees abroad thanks to the mid-market exchange rate. Indian tax residents with a verified Wise account and an Indian phone number can send up to 9,900 USD per transfer for educational purposes or up to 250,000 USD per financial year.

To make the transfer, you’ll need the recipient’s (student) passport alongside one or more of the following supporting documents:

• A student visa

• A university admission or registration letter

• A resident permit for studying abroad

• An I-20 form if the student is based in the US

Transfers can only be made from a personal bank account to either yourself or close relatives studying abroad. Wise will always give you an estimate for how long your transfer will take when you send it, but it usually takes 1 hour for your money to reach Wise, then up to one working day for Wise to convert your money.

How to receive high amounts from abroad with Wise

While you can’t receive money into a Wise account in India, you can receive payments directly into your local bank account, including up to 100 million INR per transfer.

Step 1. Share your bank details and provide your sender with your local Indian bank account details, including full name, local bank account number, your IFSC code and the purpose of the payment.

Step 2. The sender can send INR to your bank account using Wise.

Step 3. Conversion can take up to two working days. Once converted, it usually takes up to one working day to arrive into your local bank account in India.

How to receive large international payments with Wise

With Wise Business, you can share your account details with clients worldwide, allowing them to send money in major currencies such as USD, GBP, and AUD. Once the funds arrive, Wise automatically converts them to INR and deposits them directly into your verified Indian bank account. All you need to do is:

Step 1. Sign up for a Wise Business account and complete the required verification.

Step 2. Choose the currencies for which you want account details.

Step 3. Share your account details with your international clients.

Step 4. Clients send money using Wise or their bank account.

Step 5. Funds are automatically converted to INR and deposited into your registered bank account within 1-2 days.

Limits on receiving payments

• Maximum per transaction: 10,000 USD or equivalent.

• Minimum per transaction: 5 USD or equivalent.

• If the transfer amount is outside these limits, it will be returned to the sender

Wise customer support for high amount transfers

The easiest way to get in touch with Wise is to log into your account on the Wise app and start an in-app chat.

You’ll be able to speak to someone 24/7, and if you need a phone number to escalate your question you’ll be able to find that here too.

Wise has a specific high value transfer customer support team who will reach out to you if you need support at any stage of the process. And if you have questions, dedicated help is available for high value transfers, which you’ll be able to connect to through the Wise app or by emailing [email protected]. Wise also provides specialised help center pages to guide you through the transfer process.

Restrictions on Sending from INR

There are a few restrictions when sending money from INR with Wise, and you cannot send INR from:

• Business bank accounts – You cannot send INR from a business account.

• NRE accounts – Non-Resident External (NRE) accounts are not supported.

• To Wise accounts – INR transfers cannot be sent to a Wise account.

Additionally, you can only send INR if you meet the following conditions:

• You are an Indian tax resident.

• You have been verified with an Indian ID.

• The address on your Wise account matches the address on your ID document.

• You have added an Indian phone number to your Wise account.

Tips on making large money transfers

Sending a high value payment can be stressful. There are a few things you can do to make sure everything goes as smoothly as possible:

• Check if your own bank has payment limits which may stop you from funding the Wise transfer

• Check if the recipient’s bank has any limits which may stop the payment being received

• Check the Wise transfer limits for the specific currency you need – you may need to send your money in more than one transfer if it exceeds the limit

• Have your documents handy so you can easily photograph and upload them if the Wise team ask for verification paperwork

Wise payment methods for high amount transfers

Wise transfers in India currently can currently only be paid for using bank transfers. As a result, your funds may take a day or two to arrive.

Large amount business payments

Wise Business customers in India can also send secure, fast and low cost international payments, including high value payments in major currencies.

You can send money via a bank transfer to a recipient’s bank account, with conversion fees starting from as low as 1.16%.

You’ll be able to benefit from the mid-market exchange rate, with volume discounts on fees if you send around 2,178,090 INR or more in any given month.

Let’s look at an example of sending a high value payment to a supplier in the UK.

The process for the sender is simple:

1. Prepare any documents you may need to support the source of funds

2. Ask the recipient for their Wise UK account details – you’ll need an account number and sort code

3. Log into your Wise account online or in app

4. Tap Send Money and enter the payment details

5. Add the recipient’s Wise UK account information

6. Review everything and confirm to send your payment via bank transfer

If the Wise support team needs any documents from you, they’ll get in touch and you can simply upload an image of the documents needed.

Required documents for large business payments

Large amount business payments may need documents to support them. In some cases – such as sending a payment from investments or a loan – the business documents you need will be fairly similar to those needed by a personal customer.

If you’re sending funds accrued through business revenue you’ll need paperwork like bank statements or audits instead. Here’s a summary of some common documents which may be asked for:

How to track your large transfer with Wise

Once your payment is on the way you can track it by logging into your Wise app. Just log into the app, find the transfer and tap on it, to be taken to the tracking page.

With large value payments it helps to know that it may take up to 2 days for Wise to receive the money. Once the payment has been received, Wise will process it as soon as possible for deposit to your recipient’s account.

If you ever have any concerns with your high value Wise payment, open an in app chat to get support 24/7 from live agents.

Conclusion: Transferring large sums of money with Wise

Wise is safe to use for high value payments, for yourself or your business. Wise transfer limits are set high, although they do vary by currency. You’ll get the mid-market exchange rate to convert your currency, and high value transfers may even qualify for a discount on the Wise variable fee which applies.

Before you send your Wise high value transfer you’ll need to make sure you have the documents required for legal verification processes – but after that the transfer is fairly easy to set up, and you’ll be able to track your money every step of the way once it’s moving.

Learn more about Wise with our Wise Review for India.

Wise large transfers FAQs

Does Wise have a transfer limit?

Wise has a transfer limit which varies by currency. If you run into a Wise transfer limit when you set up your payment, you’ll see a message on the screen letting you know. You can then split your payment into several smaller transfers if you need to.

What is the maximum amount you can transfer with Wise?

The Wise limit is set according to the currency you fund the payment in usually. Maximum transfer limits in INR are 750,000 per transfer per day or up to 250,000 USD (approximately 20,800,000 INR) per financial year.

How to increase Wise transfer limit?

If you’re trying to send a transfer that’s higher than the Wise transfer limit for that payment you might be able to make several smaller transfers, or choose a different way to pay if higher limits apply for different payment types. If you’re ever stuck the Wise high value transfer team can help advise you – just open an in-app chat to get the help you need.

If you’d like to see how Wise compares to other banks for international transfers, this guide might help: Wise transfer vs international bank transfer