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Remittance Cost Comparison Calculator

Work out remittance cost comparison instantly with clear inputs, formula shown and shareable results.

About Remittance Cost Comparison Calculator

Total cost of a remittance is the visible fee plus the exchange rate margin, expressed as a percentage of the amount sent. Comparing on that single all-in number, then multiplying by transfer frequency, shows the real annual difference.

Formula

Remittance comparison

Annual saving = amount × (bank cost % - provider cost %) × transfers per year

Worked example

With the default values below, Remittance Cost Comparison Calculator returns Annual Saving From The Cheaper Route of $50,400.00. Change any input above and every figure here is recalculated in your browser.

Inputs used

Amount To Sendminimum 0
200,000
Bank Total Costaccepts 0–15 %
3.2 %
Specialist Provider Total Costaccepts 0–15 %
1.1 %
Transfers Per Yearaccepts 1–52
12

Results

Annual Saving From The Cheaper Route
$50,400.00
Bank Cost Per Transfer
$6,400.00
Provider Cost Per Transfer
$2,200.00
Saving Per Transfer
2.100%

Step by step

  1. 1Values used
  2. 2Remittance comparison
  3. 3Annual Saving From The Cheaper Route= 50,400.00
  4. 4Bank Cost Per Transfer= 6,400.00
  5. 5Provider Cost Per Transfer= 2,200.00
  6. 6Saving Per Transfer= 2.100

Assumptions and limits

  • The result is derived only from the 4 inputs listed above. Anything not among them is not part of the calculation.
  • In particular, this calculator does not take inflation or tax into account.
  • Figures are rounded for display to 3 decimal places, so totals built from several rounded parts can differ slightly from the unrounded arithmetic.
  • Figures are estimates based on the inputs given. Bank charges, regulatory minima and market rates change and differ between institutions and jurisdictions. This is not financial advice — confirm with your bank or treasury policy.

How these calculators are built and tested is described on the Methodology page. If a figure looks wrong, please report it.

Figures are estimates based on the inputs given. Bank charges, regulatory minima and market rates change and differ between institutions and jurisdictions. This is not financial advice — confirm with your bank or treasury policy.

Frequently Asked Questions

Why compare on total cost rather than fee?

Because zero-fee offers often carry the widest exchange margins, which is where the real cost sits.

Does the amount change the ranking?

Yes. Flat fees hurt small transfers while percentage margins dominate large ones.

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