"0% fees" doesn't mean free 🚨
It means the fee is hidden in the exchange rate or somewhere else.
The reality is that Australian banks are charging markups of up to 3.92% while advertising $0 transfer fees 🕵️ That hidden gap cost Australians $6 billion in 2025 alone. And regulators? Still treating disclosure as optional.
We won't stand for it! We need mandatory disclosure of all fees including FX markups against a uniform, independent benchmark rate, so Australians can get a financial system more built on honesty.
wi.se/mn8rkf
It means the fee is hidden in the exchange rate or somewhere else.
The reality is that Australian banks are charging markups of up to 3.92% while advertising $0 transfer fees 🕵️ That hidden gap cost Australians $6 billion in 2025 alone. And regulators? Still treating disclosure as optional.
We won't stand for it! We need mandatory disclosure of all fees including FX markups against a uniform, independent benchmark rate, so Australians can get a financial system more built on honesty.
wi.se/mn8rkf
wise.com The Fee-free Fallacy Learn about hidden FX fees costing Australians billions, how some banks mask markups, and why transparent exchange rates matter now. 
