How to Cancel Wise Premium
Wise Premium offers reduced transfer fees, free ATM withdrawals, and travel insurance for a monthly fee. Cancelling reverts you to the standard Wise account, which remains free to use for basic transfers.
Steps verified March 2026
Quick Facts
Monthly cost
£7.99/mo
£95.88/year
Cancel online?
Yes
Pause option?
No
Refund policy
No refunds for the current billing period. You keep Premium benefits until the end of the paid period.
After cancellation
Your Wise account and transaction history are fully retained on the free tier.
What to Watch Out For
- Shows how much you saved in fees during the cancellation flow
Cancellation Steps
Go directly to Wise Premium cancellation pageOpen the Wise app or website
Log in to your Wise account.
Go to Wise Premium settings
Navigate to your Premium subscription in account settings.
Click "Cancel Premium"
Select the cancel option.
Confirm cancellation
Follow the prompts. Premium benefits end at the end of the billing period.
Tips & Things to Know
- Your standard Wise account continues to work for free after cancelling Premium.
- Check if the fee savings from Premium justify the monthly cost based on your usage.
- Travel insurance ends immediately after your Premium period expires.
Your Consumer Rights
- Under the Consumer Contracts Regulations 2013, you have a 14-day cooling-off period.
- Wise is FCA-regulated and must comply with UK financial services rules.
Frequently Asked Questions
Can I still use Wise after cancelling Premium?
Yes. Your standard Wise account remains active with all basic features.
What do I lose by cancelling Wise Premium?
Reduced fees, free ATM withdrawals, travel insurance, and priority support.
Is Wise Premium worth it?
If you make frequent international transfers or travel often, the fee savings can exceed the monthly cost.
Can I cancel Wise Premium at any time?
Yes. It is a rolling monthly subscription.
Does travel insurance end immediately?
Yes. Cover ends when your Premium subscription expires.
Annual Cost
£95.88
per year for Wise Premium
Cancelling saves you this every year