Compare the total cost of sending money internationally.
International transfers carry three separate costs, and the exchange margin is usually the largest and least visible. Intermediary bank fees are deducted in transit, so the recipient gets less than expected. Comparing providers on the headline fee alone misses most of the cost, which is why the total cost percentage is the figure worth comparing.
International Transfer Cost
Total cost = transfer fee + exchange margin cost + recipient bank fees
Total cost = transfer fee + exchange margin cost + recipient bank fees International transfers carry three separate costs, and the exchange margin is usually the largest and least visible. Intermediary bank fees are deducted in transit, so the recipient gets less than expected.
Comparing providers on the headline fee alone misses most of the cost, which is why the total cost percentage is the figure worth comparing.
This calculator takes 5 inputs: Amount to send, Transfer fee, Exchange rate margin, Recipient or intermediary bank fee, Mid-market rate. The pre-filled defaults are a realistic starting point — replace them with figures from your own environment for a result you can act on.